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MULTIFAMILY MARKET COMMENT AND UPDATE

As we all let out a big “sigh of relief” following the defeat of Proposition 10, it is no secret that losing vacancy decontrol is just around the corner and in all the news (real and fake!), and this is not exclusive to California. &nb...

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Happy Tenants are Paying Tenants

Did you know that a typical 200-unit apartment building loses about $150,000 annually to tenant turnover? That’s 8.6 percent of yearly gross operating income. The good news is that nearly 60 percent of all tenant turnover is controllable, and...

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City of Santa Monica Rent Increase Time Again!

City of Santa Monica  Rent Increase Time Again!   THE ANNUAL INCREASE PERCENTAGE is 2.9% EFFECTIVE September 1, 2018 THROUGH August 31, 2019 . The maximum increase cannot exceed $60.00. School District Parcel Tax cannot exceed $3...

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