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You’re likely familiar with the federal tax reform law enacted in 2017. After all, it reduced tax rates for businesses and individuals, increased the standard deduction and family tax credits, and limited deductions for state and local income taxes and property taxes, among other things. However, you may not be familiar with a particular provision of that law, and related IRS guidance, that provides an opportunity specific to rental real estate businesses.

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Some members of the Los Angeles City Council want to impose a tax on rental housing owners who keep apartments vacant. If the idea gains traction, the council could put an “empty homes penalty” before voters in November 2020.

Tagged: Los Angeles

The California Apartment Association is calling on its members to speak out against a package of landlord-tenant proposals that would bring rent and eviction controls to the city of Concord.  CAA asks that rental housing providers speak out at the Concord City Council meeting on Wednesday, June 19, and email council members today.  At Wednesday’s meeting, the council will vote on the following:   “Just cause” eviction ordinance: limits your ability to regain possession of your property or evict problem tenants.  Tenant relocation fee: a forced payment to the tenant of up to three times the market rent if you don’t renew a lease.  Binding arbitration: a mandatory requirement for you to justify rent… Read More

Tagged: Contra Costa

As expected, the Long Beach City Council on Tuesday formalized its approval of an ordinance that will effectively cap rent increases at 10% on the city’s older apartment buildings and limit the ability of landlords to terminate tenancies. Approval of the second reading came on a 6-3 vote, the same as with last month’s first reading.

Tagged: Long BeachLos Angeles

A referendum filed with the support of the California Apartment Association, Contra Costa, will prevent El Cerrito’s “just cause” for eviction ordinance from taking effect next week. Working with hundreds of local property owners, the business community, real estate leaders and concerned citizens, CAA submitted a petition on behalf of local residents with at least 2,159 signatures to El Cerrito’s city clerk, considerably more than the 1,631 valid voter signatures needed to qualify the referendum. 

Tagged: Contra Costa

Despite strong opposition from the California Apartment Association, the San Rafael City Council passed a “just cause” eviction and mandatory-mediation ordinance Monday on a 3-1 vote. The just-cause eviction ordinance will prevent landlords from terminating tenancies without proving that a specified cause exists. Such policies drag out the eviction process and make it more difficult and costlier to terminate tenancies. Mandatory mediation will be required for rental increases exceeding 5 percent over a 12-month period and will include single-family homes.

Tagged: North Bay

Matthew Buck The California Apartment Association has again expanded its public affairs team in Los Angeles County, better positioning the association to meet the legislative and compliance needs of its members.      Matthew Buck, a veteran government affairs advocate at CAA, was tapped this spring to spearhead the association’s public affairs work in Glendale, Pasadena, Alhambra, West Covina and Pomona. Buck previously headed CAA’s government advocacy programs in Orange County and the Inland Empire. Bringing Buck to L.A. County marks the second time in as many years that CAA has added public affairs resources to the region, which continues to present… Read More

Tagged: Los Angeles

Gov. Gavin Newsom has extended a prohibition on rent increases over 10 percent for several counties devastated by wildfires over the past few years. In an executive order, Newsom announced that protections against price gouging of rents and other consumer goods will continue through Dec. 31 of this year for Mendocino, Napa, Santa Barbara, Shasta, and Sonoma counties. Newsom’s order came Friday, May 31, the day the protections had been scheduled to expire. It is intended to help residents still recovering from 2017 and 2018 fires, including the Mendocino Complex, Carr, Tubbs, Nuns, Atlas and Thomas fires.

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A grassroots campaign led by the California Apartment Association has helped stop a tenant-unionizing bill that sought special protections for renters’ rights groups. SB 529 by Sen. Maria Elena Durazo, D-Los Angeles, died on the Senate floor this week, lacking the votes needed to proceed to the Assembly. Sen. Maria Elena Durazo Prior to sweeping amendments to the bill this month, SB 529 would have allowed tenant groups to withhold rent payments in response to grievances or complaints against a landlord. The bill at one point specified rent increases over the rate of inflation as justification for a rent strike… Read More

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At its Legislative Conference, the California Apartment Association spent Wednesday morning providing a crash course on the most significant legislation facing the rental housing industry in 2019. By the afternoon, more than 400 rental housing professionals, thoroughly prepped by CAA’s public affairs team, were ready for their walk to the Capitol, where they went from office to office, advocating for their industry in one of the busiest years in recent memory for landlord-tenant legislation.   The program started at 10 a.m. in a sprawling ballroom in the downtown Sacramento Sheraton Grand. Over the next two hours, CAA’s government affairs leaders… Read More

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