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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

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. The initial report from LA Curbed finds that “fewer than 35 percent of homes are owner-occupied” in Inglewood, so the need for sensible rental pricing is dire.

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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

This can result in a decrease in available rental units, as property owners may convert rental properties to other uses or sell them off. Similar propositions were defeated in 2018 and 2020. Market Distortions Rent control often leads to market distortions, creating a disparity between controlled rents and market rates.

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

Authority Property Management

Here's why relying on a local real estate broker is essential for accurate rental valuations. Furnished vs. Unfurnished Matters One significant flaw in Zillow's Rent Zestimates® is the failure to differentiate between furnished and unfurnished rental units. This substantial price difference skews the overall rental estimates.

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The Impact of Inflation on Property Managers

Authority Property Management

For the first time since 2018, the Federal Reserve has indicated raising interest rates. Rental rates go up when there are fewer available rental units. Let’s assume a prospective homeowner acquired a single-family rental unit for $300,000.00 the current price of the unit will be valued at $315,000.00.