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The California Apartment Association is calling on its members to continue writing letters to  help defeat a bill that would require landlords to pay interest on security deposits. The legislation, SB 603 by Mark Leno, D-San Francisco, would also dramatically increase penalties when they fail to return the deposits as required by law. On Monday, May 13, Leno passed on his first opportunity to present SB 603 for a vote on the Senate floor. His next opportunity comes Thursday, May 16. The CAA letter-writing campaign to defeat the bill appears to be working. If you haven’t yet written a to… Read More

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As investors buy homes, renovate the properties and place them on the rental market, several types of businesses are profiting. This Fox Business article looks at who is winning and why.

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Los Angeles, Riverside, San Diego, Sacramento, San Francisco, San Jose each take their place among the hottest markets of 2012. Check out this slide show on The Wall Street Journal’s Market Watch.

Tagged: Greater Inland EmpireLos AngelesSan DiegoSan Francisco Apartment AssociationTri-CountyOrange County

A bill that would require installation of water submeters on all new multifamily units no longer would ban ratio-utility billing systems — also known as RUBS. SB 750 by Senator Lois Wolk, D-Davis, advanced from the Senate Judiciary Committee on Tuesday and heads to the Senate floor without the troubling provision. RUBS are used by property owners to divide the water bill among tenants, based on the number of renters in the building or square footage. Three primary areas of concerns remain for CAA: The early date for the installation of submeters, now Jan. 1, 2014. The limited availability of… Read More

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A bill that would require landlords to pay interest on security deposits advanced Tuesday from the Senate Judiciary Committee and is headed for the Senate floor for a vote as early as next week. The legislation, SB 603 by Mark Leno, D-San Francisco, does not make financial sense for tenants or landlords. Under SB 603, a tenant would receive less money in interest than the costs incurred by his or her landlord to account for and return the security deposit. Along with the requirement for interest payments, the bill includes a second troubling proposal: With no consideration for the owner’s… Read More

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A CAA-opposed bill that would have encouraged jury trials in eviction cases — greatly delaying a landlord’s ability to speedily eject a nonpaying tenant — failed in the Assembly Judiciary Committee on Tuesday, May 7, and cannot return until at least next year. AB 969 by Assemblyman Tom Ammiano, D-San Francisco, focused on cases in which a tenant claims he or she withheld rent because a landlord failed to make repairs to an apartment. Under current law, a tenant already can use this argument in court to fight an eviction. The tenant, however, must be current on rent to do… Read More

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If it were the Giants vs. the A’s, we’d be headed for extra innings. But we’re talking apartments here, and when it comes to the pace of rental revenue growth, the cities are in a dead heat for first place. For the first quarter of 2013, Oakland and San Francisco were even for annual rent growth among the nation’s largest markets, according to propertymanagementinsider.com.

Tagged: San Francisco Apartment Association

A judicial panel has rescheduled oral arguments in Stanford University vs. Christine Marie Ham, a case that threatens to make evictions more difficult and time-consuming. California’s Sixth District Court of Appeal will hear the arguments at 9:30 a.m. Tuesday, May 14, at 333 W. Santa Clara St., San Jose. In the case, Ham, an ex-tenant at Stanford, argues that the University did not take sufficient steps to reach her in person before posting eviction paperwork on her front door and mailing them to her rental unit. A process server for Stanford made five attempts — at different times and days… Read More

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The Assembly Housing and Community Development Committee today stubbed out a bill by Assemblyman Marc Levine that would have banned smoking in apartments, condos and townhomes. “Assembly Bill 746 would have created an enforcement nightmare for property managers while infringing on the privacy rights of law-abiding tenants,” said Debra Carlton, senior vice president of public affairs for the California Apartment Association. “We also want to remind Californians that property owners already have the right, thanks to legislation we sponsored, to ban smoking at individual properties.”

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The California Apartment Association is calling on its members to continue writing letters to  help defeat a bill that would require landlords to pay interest on security deposits. The legislation, SB 603 by Mark Leno, D-San Francisco, would also dramatically increase penalties when they fail to return the deposits as required by law. On Monday, […]

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