Blog Posts in Category: Residents

07/29/2021

The Pros and Cons of Owning Multiple Rental Properties

The Pros and Cons of Owning Multiple Rental Properties

Being a rental property owner is something many strive for in their lives. Most of the time, financial advisors recommend owning a rental home is a great investment strategy in building wealth. But, “with great power comes great responsibility,” as you’ll always be required to adhere to the ever-changing local and statewide housing policies and laws. Owning multiple rental properties only ups the stakes, and as with anything else, there are plenty of pros and cons — but that’s where hiring a Property Management company plays a role; we’ll get into that throughout this article too.
Related: How to Hire a Property Manager (Webinar)   more...

07/15/2021

The Latest COVID-19 Tenant Relief Act Extension

The Latest COVID-19 Tenant Relief Act Extension

The California Apartment Association has published an array of compliance materials — including an Industry Insight document, an FAQ, and related forms — to help rental housing providers comply with AB 832, legislation signed into law earlier this month that extends the state’s COVID-19 eviction moratorium by three months.
The moratorium had been scheduled to expire with SB 91 on Wednesday, June 30th, 2021 but will remain in effect through September 30th, 2021. AB 832 also expands the existing State Rental Assistance Program to provide landlords with 100% of rent owed by qualifying residents. Compliance materials: The California Apartment Association has published an Industry Insight document and an FAQ to help rental housing providers comply with AB 832. If you are a CAA member, the Industry Insights are accessible for your viewing.   more...

03/10/2021

Everyday Tips to Curb "Zoom Gloom"

Everyday Tips to Curb "Zoom Gloom"

Photo by Andrea Piacquadio from Pexels
As people spend more time on their computers and mobile devices than ever before, many have experience tech fatigue. The concept has been around long before the pandemic outbreak, but it has become mainstream.   more...

02/23/2021

Golden State Stimulus package provides relief for small-businesses, low-income residents and more!

Golden State Stimulus package provides relief for small-businesses, low-income residents and more!

Photo by Vladimir Solomyani on Unsplash
Gov. Gavin Newsom signed a $7.6 billion coronavirus relief package into law on Tuesday, February 23rd. The relief package provides much-needed relief to the California small businesses and stimulus payments to low-income residents who may struggle with rent payments.   more...

01/30/2021

SB 91 provides $2.6 billion in federal funds for unpaid rent

SB 91 provides $2.6 billion in federal funds for unpaid rent

Gavin Newsom (CC BY-SA 4.0) by Gage Skidmore
Governor Gavin Newsom and the top two legislative leaders of California state have succeeded in passing SB 91. The legislation, SB 91, won overwhelming bipartisan approval Thursday in both houses of the Legislature. SB 91 replaces California’s COVID-19 Tenant Relief Act of 2020, or AB 3088, which expires this Sunday.   more...

01/29/2021

Living in a San Francisco Victorian is more affordable than it has been in years

Living in a San Francisco Victorian is more affordable than it has been in years

Photo by Tyler Shores from Pexels
Throughout the year, rent declines have been so substantial that the median two-bedroom apartment in the city is now renting for the median price of a one-bedroom a year ago.   more...

01/29/2021

Gov. Newsom urges swift distribution of federal rent relief

Gov. Newsom urges swift distribution of federal rent relief

Photo by Jorge Maya on Unsplash
On Wednesday, January 6th, 2021, Gov. Gavin Newsom pushed for the rapid distribution of $2.6 billion in federal rent relief headed to California from the latest COVID-19 economic stimulus package. Newsom’s office said the funds should help low-income Californians and small-scale landlords struggling financially from the pandemic.   more...

01/27/2021

How to move as safely as possible during the COVID-19 pandemic

How to move as safely as possible during the COVID-19 pandemic

Photo by Alex Mecl on Unsplash
When COVID-19 first hit, all plans inevitably were put on hold. As experts announced that it was safest to stay still, stay home. But months later, we’ve had to figure out how to move forward — safely. For some, that means physically moving.   more...

01/26/2021

New COVID Relief Bill Covers up to 80% of Unpaid Rent

New COVID Relief Bill Covers up to 80% of Unpaid Rent

Photo by Jorge Maya on Unsplash California plans to extend eviction protections through the end of June while using federal money to pay off up to 80% of unpaid rent owed by tenants. Gov. Gavin Newsom and the top two legislative leaders of California state announced Monday night.
The proposal, which must be approved by the state Legislature, would extend a state law scheduled to expire next Monday that prevents landlords from evicting tenants who could not pay their rent between March and August because of the coronavirus pandemic.   more...

11/11/2020

Hayward City Council Votes NO on 2% Rent Caps!

Hayward City Council Votes NO on 2% Rent Caps!

The Hayward City Council demonstrated wisdom and long-term thinking last night in voting not to accept the Staff recommendation to limit future rent increases in Hayward to the Consumer Price Index - capped at 5%, with a floor of 2%.
The Hayward City Council held a meeting last night to vote on whether or not to accept a recommendation that limits rent increases to the Consumer Price Index (inflation) with a ceiling of 5% and a floor of 2%. Had the measure passed, rent increases in 2021 would have capped at 2%.   more...

08/06/2020

Maintenance vs. Emergency: Curbing Mold Growth During Summer

Maintenance vs. Emergency: Curbing Mold Growth During Summer

Martin Grube, FEMA - 44263 - Mold Remediation Awareness, marked as public domain, more details on Wikimedia Commons Overview: During the humid summer months, mold can be an unwanted guest. Taking the steps to prevent mold before it can grow out of control is essential. We’re already partway through the summer, but there are things we can do and change to protect our home from mold damage. Stopping mold before it starts, or even in its beginning stages, before it has the chance to grow, will help prevent a greater problem down the road.
Some mold can also be identified by smell. In general, the smell of mold is unpleasant and smells like something is moist in the room. Some people compare it to the smell of wet socks, or rotten wood or paper. When mold eats, grows, and multiplies, it releases Microbial Volatile Organic Compounds (MVOC). There are many of these compounds, or chemicals, that are released as mold grows, but some of the most common have smells that are pungent and musty. Their scent is also described as earthy or meaty, likened to the smell following rain. Others have an acetone-like, or camphor-like odor, with some described as herbaceous, nutty, or fatty. Another MVOC releases an alcohol fermentation smell.   more...

07/14/2020

Renters were particularly optimistic about home buying, according to the latest Fannie Mae survey

Renters were particularly optimistic about home buying, according to the latest Fannie Mae survey

After diving to nearly the lowest level in its history in April, an index measuring consumer viewpoint in the housing market bounced back significantly in June. Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher than a year ago. Renters were particularly optimistic about home buying, and it shows.
Home price gains continue to accelerate, so low mortgage rates are giving buyers much-needed help. The share of consumers who think it’s a great time to buy a home increased from 52% to 61% month to month, according to the Fannie Mae survey, while fewer Americans believe it was the wrong time to buy. Renters drove much of that improvement.   more...

06/05/2020

4 Tips for DIY Spring Pest Control

4 Tips for DIY Spring Pest Control

Like clockwork each spring, pests will find a way to sneak in through the tiniest of cracks and crevices in your home, and you'll try your best to fight them off. Fortunately, taking just a few proactive steps before summer arrives can limit the number of bugs and rodents that come inside. Here are four tips to make your home a bug-free zone this spring and summer:
1. Fix Leaks and remove any standing water: Residents should notify property management of any roof leaks or other exterior leakage as soon as possible. Bugs enjoy the water, and any water sources close to your home will attract pests. Standing water in lawn furniture, plant containers, and toys can become a breeding source for mosquitoes and harmful micro-organisms. While carpenter ants and termites can tunnel through moist wood much like rodents and other animals.   more...

06/05/2020

Energy Tips and Tools While Residents Spend More Time at Home

Energy Tips and Tools While Residents Spend More Time at Home

As Bay Area residents do their part by turning their residences into virtual places of business and e-learning hubs, they must think about energy use. Whether using energy to power appliances and technology or light, heat or cool their homes, this increase in residential energy use could result in higher costs.
Since California's shelter in place rule went into place in March, the California Public Utilities Commission (CPUC) has seen residential electric usage already increase by 15-20% compared to the same time last year. Two programs currently exist which may help residents who are feeling the energy burden, including:   more...

05/29/2020

10 Very Common Rental Property Repairs

10 Very Common Rental  Property Repairs

As a Property Owner, one of your most significant responsibilities is to keep up the property and repair things when they break. Although this can be high-priced and stressful if you budget and successfully plan for maintenance, you will have funds saved to handle these issues. Repairs tend to scare new landlords, but most maintenance issues are typically simple to repair. Even though you will rarely foresee when these issues happen, you can predict that they certainly will.
1. Appliances Not Working Appliances have a lot of moving parts, and as such, tend to break down fairly often. Although the landlord can fix some issues, many problems will require a professional appliance repair representative. Unless a new appliance is needed, the typical cost to fix is between $50 and $100 per hour, and most repairs take about an hour. Used appliance stores exist in almost every town, and especially in the case of stoves, can be just as good as new.   more...

Effective August 3, 2021, all visitors to our office are required to wear a face-covering over mouth and nose by the order of Alameda County Health Officer Order 21-03. Those who do not comply with this requirement will be refused entry.
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