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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

While it is marketed as a measure to provide relief for renters, it poses serious concerns for property owners, managers, and landlords. Vacant units, allowing landlords to reset rent prices to market rates. Similar propositions were defeated in 2018 and 2020. New constructions built after February 1, 1995.

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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

As California landlords continue to price out tenants, displacement rates have spiked, causing city officials to begin implementing rent control across the region. In the wake of fires that devastated California in 2018, many newly homeless residents have been forced to seek immediate housing and are hard-pressed to find affordable rates.

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Why Zillow Rent Estimates Miss the Mark in Redding, CA. A Local Expert's Insight

Authority Property Management

Discover Why Local Insights Outperform Online Algorithms for Reliable Rent Valuations When it comes to renting out properties in Redding, CA, and the surrounding areas, property owners and landlords often turn to Zillow’s Rent Zestimate ® tool for guidance. This substantial price difference skews the overall rental estimates.

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The Impact of Inflation on Property Managers

Authority Property Management

In such an unprecedented time, what bearing could this possibly have on property managers and landlords? The cost of labor and supplies are on the rise, and rental properties are not an exemption from rising costs. Rising costs will make landlords increase rent prices and minimize costs in order to stay within their budget.