Category Archives: Industry News

Latest news, laws , legislation affecting the Property rentals and Prperty management Industry.

Do You Need a License to Be a Property Manager in California?

    Do You Need a License to Be a Property Manager in California? Everything landlords and aspiring managers need to know about licensing laws in CA. California Property Management Licensing Basics In California, property management is considered a real estate activity, which means that individuals or companies who manage properties for others in exchange…

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5 Proven Ways to Slash Vacancy Time in Stockton—Fast!

Vacancies cost Stockton landlords an average of $1,500–$2,000 per month in lost rent—the city’s typical asking range for apartments and single-family rentals. (Average Rental Price in Stockton, CA & Market Trends – Zillow, Stockton, CA Housing Market: 2025 Home Prices & Trends | Zillow) With the local rental-unit vacancy rate sitting near 4.2 %—well below…

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The True Cost of Self-Managing Your Rental Property vs. Hiring a Professional

The True Cost of Self-Managing Your Rental Property vs. Hiring a Professional Owning rental property can be a lucrative investment, but how you manage it can significantly impact your bottom line. Many property owners debate whether to manage their rental property themselves or hire a professional property management company. While self-managing might seem like a…

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Prop 33 Defeated: A Victory for Responsible Housing Policies

In a decisive vote, California residents have rejected Proposition 33, also known as the “Justice for Renters Act.” As of November 6, 2024, 61.6% of voters opposed the measure, with 38.4% in favor. The final results will be certified on December 3, solidifying another victory for responsible housing policies in the state. 1. What Was…

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Why Prop 33 Could Mean Trouble for California’s Housing Market

  Why Voting "No" on Prop 33 is Crucial for California’s Housing Future In November 2024, California voters will decide the fate of the Costa-Hawkins Rental Housing Act, a law that has safeguarded landlords and maintained rental stability since 1995. This pivotal legislation exempts certain properties, such as single-family homes and apartments built after February…

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California Extends Deadline for Mandatory Balcony Inspections in Multifamily Buildings

California Extends Deadline for Mandatory Balcony Inspections in Multifamily Buildings In a significant move for property owners across the state, Governor Gavin Newsom has signed legislation extending the deadline for mandatory balcony inspections in California's multifamily buildings. The bill, AB 2579, authored by Assemblywoman Sharon Quirk-Silva (D-Fullerton), provides property owners with additional time to comply…

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