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Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

Rent costs have long weighed on lower-income households — now it’s coming for the middle class. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs.

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LA On-Site Property Manager Compensation 2016

Real Property Management Choice

If an owner wishes to trade off an apartment rent value, the minimum wage value cannot exceed $564.81 In any case the credit amount may not exceed two thirds of the market rent value. The offset to rents can only be done by a written contract. Example: Manager (one person) receives a 2 bedroom apartment.

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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

According to Curbed LA , Inglewood will impose an immediate 5 percent cap on rent increases for any apartment buildings and duplexes built before February 1, 1995. As California landlords continue to price out tenants, displacement rates have spiked, causing city officials to begin implementing rent control across the region.

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Importance of Social Media for Rentals

Authority Property Management

According to a New York Times article , Facebook said that the average amount of time that users spent on Facebook, Instagram, and the Messenger app in 2016 were almost an hour every day. If so, you may want to think about using social media to your advantage. First off, list your rental property or properties on housing websites.

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New Laws for LA Landlords

Real Property Management Choice

However, this law exempts properties with less than five parking spaces or properties with subject to rent control. This applies to all landlords and they should NOT use the new license to deny a prospective tenant an apartment during the screening process. Smoke Alarms This law became effective 1st July 2014.