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In addition to raising wineglasses, attendees at the California Apartment Association’s Beyond the Vine event raised plenty of money for political action. All told, about $100,000 poured in. Joshua Howard, executive director of CAA’s Tri-County Division, thanked participants on behalf of the CAA Tri-County Board of Advisors and Political Action Committee. “CAA members enjoyed a beautiful setting, perfect weather, fine wines, and gourmet food,” Howard said of the event, held Sept. 26 at Hakone Gardens in Saratoga. “The evening also brought together leaders from the multifamily industry and more than 20 elected officials from across Silicon Valley for spirited conversation… Read More

Tagged: Tri-County

Rents are rising at a slower pace in the Bay Area as more people make the leap into homeownership and new rental housing enters the market, says Joshua Howard of the California Apartment Association. “Still, quite frankly, we don’t have enough rental housing in Silicon Valley to meet the demand,” said Howard, executive director of CAA’s Tri-County Division, in an interview with the San Jose Mercury News. He also pointed to reductions in rent subsidies and the loss of redevelopment agencies for the slowing of rent increases. According to the Mercury News article, Bay Area rent prices rose in the… Read More

Tagged: Tri-County

At the California Apartment Association, we advocated for and against dozens of bills this year that could affect the rental housing business. In most cases, Gov. Jerry Brown agreed with us. While some bills below will affect multi-family housing more than others, each is important to landlords, tenants, and California as a whole. Check out the following roundup of laws taking effect in 2014, their anticipated impacts, and where CAA stood on them. Subdivision Maps: Extensions — AB 116 (D-Bocanegra) — CAA position: Support — Like other legislation before it, AB 116 extends the life of expiring subdivision maps by… Read More

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Question: How long do I have to mail the tenant the itemized security deposit? Answer: You need to send an accounting for the use of the security deposit within 21 days from the date you took back possession. If you do not have all of the amounts or receipts in time, you should give the tenant an estimate and then send the final amount within 14 days after you receive the final amounts and/or receipts. Question: I have a lease with a tenant that terminates next month, and he has been given notice that the  lease is not being renewed.… Read More

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Despite the federal government shutdown, the Fresno Housing Authority will do its best to keep providing core services to residents, landlords and public partners. That’s the main message in a letter that the Housing Authority’s chief executive officer, Preston Prince, sent to landlords and community partners Tuesday, Oct. 1. Luckily, the U.S. Department of Housing and Urban Development has provided a large portion of the October money for Housing Assistance Payments to landlords. The Fresno Housing Authority will cover the additional $1.7 million. If the federal government remains closed, however, HUD may be unable to authorize normal funding to housing… Read More

Tagged: Greater Fresno

Once again, the California Apartment Association has taken a successful swing at homelessness. CAA Tri-County’s 24th Annual Charity Golf Tournament raised money through sponsorship, golf foursomes and raffles. The generosity paid off during the Housing Industry Foundation’s September Summit gala in Burlingame. Anna Kramer, chairwoman for CAA Tri-County, presented a donation of $57,000 – among the highest amounts since the tournament was organized in 1990. “I’m sure everyone in the rental industry would agree with me that the last several years have been good for our industry,” Kramer said. “We’ve seen strong markets, solid growth and healthy transactions. But sadly… Read More

Tagged: Tri-County

Among large metros, Oakland nabbed the No. 1 position on the list of the country’s annual rent growth-leaders as of the third quarter, according to MPF Research. Pricing for new leases in Oakland grew 7.9 percent during the past year. While San Francisco ceded the top spot to Oakland, pricing power remained strong with rates up 6.6 percent annually. Rents climbed 5.9 percent in San Jose, according to MPF. Other strong performers in rent growth included the Southern California trio of Orange County, San Diego and Los Angeles, which just missed MPF’s top-10 list. “Improving performances in Southern California are… Read More

Tagged: Rental Housing Assn. of AlamedaSan Francisco Apartment AssociationTri-County

Question: If a resident dies and was on a lease, does the estate still owe rent up until someone new moves in? What about a month-to-month agreement? Obviously the person couldn’t give a 30-day notice.  Answer: Death does not terminate term lease obligations. The resident’s estate remains responsible through the end of the lease term, unless the resident’s estate relinquishes possession of the premises to the landlord, and the landlord is able to re-lease the premises to a new tenant. Month-to-month residential tenancies terminate 30 days after the last rental payment by the deceased tenant (Civil Code §1934). A 30-day… Read More

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Update: On Sunday, Oct. 13, Gov. Brown vetoed Assemblywoman Toni Atkins’ inclusionary zoning bill, AB 1229. The story below was published earlier this month. *** Right or wrong, the specter of rent control has hovered over AB 1229. Owners of existing rental property, however, shouldn’t sweat it. Toni Atkins’ inclusionary zoning bill, which remains on Gov. Brown’s desk, wouldn’t change a thing for landlords with property in either rent-control or non-rent-control jurisdictions. The bill centers on a method for requiring affordable housing in new construction projects and would reaffirm a tool that more than 170 jurisdictions have used to provide… Read More

Tagged: San Diego

Southern California lawmakers and rental housing VIPs gathered in San Diego on Friday, Sept. 27, to discuss this year’s action in Sacramento, share a meal and mingle. It all happened during two lively hours as the California Apartment Association-San Diego held its first Legislative District Leadership Breakfast at the Westgate Hotel. Assemblywoman Lorena Gonzalez, who represents the 80th District, said she strives to keep the needs of both renters and property owners top of mind. “Obviously, as renters, we care about the rights of our tenants and being able to live in places that are nice and where they can… Read More

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