Managing a property is time-consuming, especially if you own multiple properties or live at a distance from your assets. Many property owners see their rental income as a means to enjoy their lives, rather a full-time job of maintenance and problem-solving. If you see owning property as the means to more leisure time, hiring a property manager is essential.

A professional property manager handles everything from rent collection to maintenance, making your life easier and freer, with fewer headaches. But not all owners need a property manager and not all property managers are created equal. The big questions you need to answer before making that investment are “When is it time to hire a property manager?” and “What should I look for when hiring one?”

Join Us for Cocktails and Appetizers at the Beautiful Hotel Maya

Date: May 24, 2023 | Time: 5:00 P.M. to 7:00 P.M.

Location: 700 Queensway Drive, Long Beach, CA 90802

Cost: FREE for AAGLA Members and Invited Guests | $25.00 for Future Members

Register Today: www.AAGLA.org/events | Diana@AAGLA.org

Join your fellow housing providers for a “meet and greet” with Mayor Rex Richardson of the City of Long Beach. During this FREE, member exclusive event, you will hear Mayor Richardson’s views on the future of housing and affordability challenges in Long Beach and Los Angeles County. Mayor Richardson will be joined by other City of Long Beach Officials from the City’s Housing Authority and Health and Human Services Department.

ABOUT MAYOR RICHARDSON

Rex Richardson is the 29th Mayor of Long Beach: a husband, father, and trailblazer as the first Black mayor in the city’s history.

Since taking office, Mayor Richardson has led with his Opportunity Beach Agenda—the first 100-day plan ever presented by a Mayor of Long Beach. He is tackling major issues like homelessness, building an economy where everyone thrives, creating safe and healthy communities, investing in youth, and supporting a sustainable and resilient city.

In 2014, Richardson became the youngest person in history elected to the Long Beach City Council. In 2016, he was elected to a two-year term as Vice Mayor, also the youngest in city history. He was then re-elected to the Long Beach City Council in 2018 and re-elected as Vice Mayor in 2020. Regionally, Mayor Richardson has served as past President of the Southern California Association of Governments and as a board member of the South Coast Air Quality Management District. His vision is to advance the leadership of Long Beach as the second-largest city in the region, which also holds the second-largest port in the State and the fastest-growing aerospace cluster in the nation.

Moderator – Daniel Yukelson, Executive Director, Apartment Association of Greater L.A.

By Max Glassburg

If improving renter retention feels a bit like chasing your tail, you might just need a few simple renter engagement ideas to keep people around, bring in positive property reviews and cultivate the apartment community of your dreams. The good news is that resident satisfaction is actually pretty high across the board. In fact, most U.S. residents are satisfied with where they live. Some are unhappy, but many sit somewhere in the middle.

What did we do to deserve it? For years, we worked two jobs, our real 9-5 job and our rental property owner job. We saved and sacrificed to invest in income property so that someday, with any luck, we will have more than just Social Security to retire on. Our ulterior motive is nothing more than to provide for ourselves and family, and to invest in and house members of our local community. Sometimes, our investments would house ourselves and our families. Nothing more, nothing less.

You’ve seen ads for rental insurance. But do you know what it covers OR if you can require tenants to get it? 

Rental insurance is a specific type of policy that covers possessions within the home as opposed to the home itself. It is highly beneficial to your residents in the event of flood or similar disaster since you are not responsible for damage to personal possessions – only the property itself. Some property owners may require tenants to obtain rental insurance. Even if you don’t require your residents to have renal insurance, you can advise them to get it. 

By Will Swaim

We’ve seen Gov. Gavin Newsom impose questionable — even dangerous and illegal — policies by declaring states of emergency or merely “crisis” with regard to Covid, climate and energy. He’s done it again on the issue of housing. The problems of housing affordability and homelessness constitute a crisis so compelling, the governor says, that they can be solved only by forcing cities to permit the construction of 2.5 million new homes by 2030.

By Nate Bernstein, Esq.- Managing Counsel of LA Real Estate Law Group

If your case or law and motion matter in Superior Court does not settle, you run the gauntlet and risk of having a judge decide the issue before the court.    

                 It is important to understand that judges are overworked, and by some standards under paid for their long hours.  Judges are human beings, and are not paper pushing robots.  Because they see issues over and over again, they bored with the mundane, and like to hear interesting issues- such as a products liability case where the air bags failed to deploy.   Judges rely on their staff research attorneys  a great deal to complete research and decide legal issues. The research attorneys will do extensive research, will work up the matter,  and make recommendations to the judge.     The judge may not have time and resources to read all or some of the papers that you file in court for a hearing- it may not be humanly possible to ready 15 motions in limine before trial starts.     

The national index for one- and two-bedroom rentals remained flat month-over-month, pointing to a possible inflection point between supply and demand following several months of near-flat rent increases. One-bedroom rentals remained unchanged (0.0%) from January 2023 at $1,492 per month, while two-bedroom rentals increased just 0.1% to $1,824, respectively.  

Zumper monthly rent data provides insights to where the Consumer Price Index is heading. Year-over-year rent-price increases continued to decelerate from post-pandemic-era increases in 2021 and 2022. However, average rents for one-bedroom rentals still increased 7.3% year-over-year (YOY), while the average rent for two-bedrooms increased 6.8% YOY.  By comparison, rents for one- and two-bedroom rentals had increased 12.8% and 13.8% YOY from 2021 to 2022, respectively—a good sign for renters if the trend continues.

Brittany Benz

For residential property management, leasing season runs from May through September, with July and August typically seeing the most volume. To maximize profits and see greater levels of success during this critical time, property management teams need to be ready long before the season begins. In addition, resources need to be fully committed and optimized during peak times in order to meet high prospect demand and expectations.

Keep reading to discover leasing season strategies that will give your team a competitive edge and boost efficiency before and during leasing season. 

Why do West Coast cities seem so incapable of dealing with the homelessness crisis?

By Irene Smith, JD, PhD, San Jose Area Rental Housing Provider

It’s easy to blame government incompetence, but there’s something even more fundamental at work: Martin vs.Boise,e a landmark case from the 9th Circuit Court of Appeals. That’s a 2019 legal decision that ruled homelessness is not a crime and that unless shelter is provided, people may sleep in public spaces. Worthy sentiments, to be sure. It certainly should not be a crime to be homeless.

San Jose does not have enough shelter for every unhoused person. [Editor’s Note: Nor do any other West Coast cities and counties.] So, unhoused persons live in parks and along creek sides and the City uses re-traumatizing abatements to clean encampments instead of offering quick shelter.