The office of California Governor Gavin Newsom signed 56 housing bills into law in 2023, many of which have significant impacts on rental property owners. These laws, coming into effect throughout 2024, introduce changes that will affect how landlords manage their properties and interact with tenants. In this blog, we’ll explore 5 key legal updates […]
In Sacramento, renters may soon see a positive change in their credit scores, thanks to Assembly Bill 2747. Proposed by Assemblymember Matt Haney (D-San Francisco), the bill has passed through the California State Legislature and is now on its way to Governor Gavin Newsom’s desk for approval. If signed into law, it will require landlords […]
At Real Property Management Select, we strive to make property management simple and clear. Our very own Natalie has taken a creative approach to explain common property management and real estate terms through an interactive video, where she pulls cards with key terms and breaks them down for you. In this blog, we’re covering a […]
As of August 17, 2024, the real estate industry in the U.S. is undergoing significant changes due to a legal settlement involving the National Association of Realtors (NAR). The lawsuit, which accused real estate agents of price fixing to maintain high commissions, has resulted in new rules that could reshape the way real estate transactions […]
As of August 8, 2024, Insurance Commissioner Ricardo Lara has enacted a critical one-year moratorium aimed at protecting over 185,000 California homeowners from insurance cancellations and non-renewals due to recent wildfire emergencies. This order is a significant step in safeguarding those impacted by the Park, Borel, and Gold Complex fires, which have devastated large areas […]
As of August 1, 2024, the updated rent caps under AB 1482, the California Tenant Protection Act of 2019, are now in effect. These new limits, based on the latest Consumer Price Index (CPI) figures for all California counties, will govern how much landlords can increase rents over the next year. It’s essential for both […]
The most expensive housing markets in the U.S. have average home prices that are almost three times the national average. Home prices may have peaked in the summer of 2022, but the most expensive housing markets in the U.S. remain shockingly high. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is up 6.29% […]
One of the most common questions in real estate is: When is the best and worst time to sell or buy a house? The answer is complex, influenced by location, market conditions, personal preferences, and goals. However, there are general trends and patterns that can guide you in making an informed decision. Let’s explore the […]
California’s rental housing owners are facing unprecedented insurance challenges due to significant shifts in the insurance market. These changes include reduced availability of insurance options and increased premiums. According to the California Apartment Association (CAA), understanding these complexities is crucial for navigating this turbulent environment. The Challenges Several notable challenges in the California insurance marketplace […]
Owning a rental property can be a rewarding investment, but managing it can come with its own set of challenges. At Real Property Management Select, we pride ourselves on offering services that alleviate these challenges and enhance the homeowner experience. Here are the top 10 reasons why homeowners in Sacramento love our property management service: […]