Eventually, local home prices will correct, but can you afford to wait? Let's do the math...
Rental application fraud has become a significant issue for property owners, with 93% identifying it as their top concern. From falsified income to fake references and identity theft, fraudulent applications create headaches for landlords and property managers alike.
The recent National Association of REALTORS® settlement has introduced new real estate rules that are changing the home buying and selling experience.
Proposition 33, appearing on the ballot again, aims to grant local governments in California the power to impose rent caps and other tenant protections, potentially ending the state's "limits on limits."
In recent years, California has seen a significant increase in the construction of Accessory Dwelling Units (ADUs), also known as guest houses or mother-in-law units. In 2023, ADUs made up one in every five new homes built, a notable rise from just one in ten only three years ago.
Starting July 1, 2024, California landlords can no longer request security deposits exceeding one month's rent, with small landlords owning no more than two properties exempt from this rule.
Maximizing ROI in Southern California's real estate market hinges on eight key strategies: adapt to local trends, thoroughly screen tenants, set strategic rent prices, maintain properties proactively, utilize technology, stay current on regulations, foster tenant relationships, and implement sustainability. These steps can significantly boost investment returns in the diverse SoCal property scene.