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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. Administrative Burden Implementing and complying with rent control regulations can be administratively burdensome for property managers and landlords.

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Driving affordable housing success with asset management services

MRI Software

More recently, the industry has encountered headwinds from operating cost increases (particularly in the areas of insurance and utilities), constantly changing regulatory and compliance requirements, and obstacles for property management staff like stress, burnout, and attrition.