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In the Silicon Valley, apartment rent prices jumped an average of $134 in the second quarter. “It shows there’s plenty of demand,” says Joshua Howard, executive director of the California Apartment Association’s Tri-County Division. “With the lack of homes available for sale, more people are renting. And with home prices going up, some consumers are figuring out it’s less expensive to make a rent payment.” For more specifics on average rents in the state’s top markets, check out this article in the Silicon Valley Business Journal. Despite high demand, occupancy dropped slightly in the Silicon Valley, something Howard attributes to… Read More

Tagged: Tri-County

In the Silicon Valley, apartment rent prices jumped an average of $134 in the second quarter. “It shows there’s plenty of demand,” says Joshua Howard, executive director of the California Apartment Association’s Tri-County Division. “With the lack of homes available for sale, more people are renting. And with home prices going up, some consumers are […]

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The San Diego U-T reports that despite rising rental prices, vacancies continue to shrink, a trend especially evident in the downtown area. The article also offers a forecast for demand — both single-family homes and rentals — construction and financing.

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The California Apartment Association and Vallejo Fire Department have extinguished some confusion over the city’s new Fire and Life Safety inspection program. After notifying property owners in mid-January that annual inspections would begin, the Vallejo Fire Department began the checkups on multifamily residences this past spring. The Vallejo Fire Department had not conducted fire inspections in more than 15 years, and most small-income property owners had no idea what to expect. Moreover, the Fire Department hadn’t told owners they could schedule and be present for the inspection. Instead, fire inspectors began arriving unannounced and listed violations in poor handwriting that… Read More

Tagged: Contra CostaSolano

California lawmakers this year introduced an array of bills that would lower the voting requirement to approve taxes for local infrastructure, schools, libraries, and the like. But the chances of these bills passing the Legislature – at least this year — are slim at best. That’s reassuring to the California Apartment Association and other business groups in a coalition that’s opposed the measures, which would amend the state Constitution and undermine Proposition 13. Each requires a two-thirds vote of the Legislature, and the support of voters, to become law. Senate President Pro Tem Darrell Steinberg has said lawmakers have bigger… Read More

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For a community to stamp out crime, it takes all kinds, from street cops to soccer coaches to neighborhood watch captains. They’re the pillars of crime suppression, intervention and prevention. These front-line crime-fighters need back-up, so to speak. Keeping criminals behind bars and at-risk youth on the right path costs money. And in Antioch, the City Council made the right move last month by asking voters to help raise the needed dollars. The California Apartment Association applauds the council’s unanimous vote to place a half-cent sales tax on the November ballot. This offers a community-wide opportunity to tackle a community-wide… Read More

Tagged: Contra Costa

The July 2013 Issue of Rental Housing Today provides you with updates from our 19th Annual Summer Scramble, Inaugural Legislative District Leadership Conference and our Semi-Annual Strategic Planning Meeting. To those of you who participated in this year’s golf tournament, we thank you for making it a huge success and for supporting HomeAid Inland Empire.This edition is packed full of education and information, with three of the articles described below.  It also includes the Membership News, Legislation, Legal Issues and Maintenance columns that you count on seeing in each issue. Feature A Brain Warm-Up for the Annual Budget Exercise If… Read More

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Boring community room at your apartment complex? Borrow a page from the Big Apple, where apartment lending libraries have emerged as a quiet, thoughtful amenity, according to the New York Times. With some space, bookshelves and paperbacks, you’re on your way to adding a cheap and easy amenity to your rental property. Check out these tips from Zillow to get started.

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Make a difference and support CAA Tri-County’s 24th Annual Charity Golf Tournament. Proceeds benefit the Housing Industry Foundation in its mission to prevent homelessness. Showcase your company as an industry leader and sign up today to sponsor and/or play at this sell-out event that draws more than 200 high-level rental industry executives. If you do not wish to golf, attend the exciting post-tournament networking reception/auction.  Sponsors must be CAA Tri-County members in good standing through July 31 to participate. To attend What: CAA Tri-County’s 24th Annual Charity Golf Tournament When: Monday, July 15, 2013 Where: Los Altos Golf & Country… Read More

Tagged: Tri-County

The San Jose City Council has approved a pilot program to allow rental property owners to self-certify their compliance with the city’s Multiple Housing Occupancy Permit requirements. This move, proposed by Vice Mayor Madison Nguyen, could save rental property owners time and money while allowing the city to focus its inspection efforts on those rental properties that truly pose safety issues to the occupants and the community. The pilot program was included in Mayor Chuck Reed’s 2013-14 budget this month and begins a process for Code Enforcement to work with CAA Tri-County to develop a program that will likely allow… Read More

Tagged: Tri-County