Where are the protections for landlords for squatters and deadbeats. Rents are high thanks to politicians moritorium on rent. We didn't see a moritorium on property taxes, insurance or mortgages did we.
that's exactly correct. And it's coming pretty soon, renters insurance, no different than auto insurance and it will pay landlords for damages and arrears rent, it'll be quite costly no different than auto insurance, and no different than a bank or finance company having a financial interest in that auto 'all' renters will be mandated to have such insurance, even the vast amount who are high-quality tenants...
The only reason calif is doing this is not to help renters, trust me. They know that many current landlords will sell and cash out. Then the new owners will buy at a higher price and guess what? HIGHER PROPERTY TAXES so Calif. gets more money. People are so blind, they cant see what the ultimate goal is here. I wish it was to help people, its just going to raise the rents and make it harder for people to get into a rental property.
@@anniebhere2cali has that ridiculous law that grandfathers in properties owned for 40 years at 1970 property tax rates. That is absolutely insane, especially in a supposedly progressive state
Basically lol. And let’s not forget it’s completely fine to move your 8 family members into a studio apartment and run up the water bill for the landlord.😎AWSOME!
The new law protects drug dealers and people who have constant domestic violence, you can’t evict troubled criminals. If a unit only allows 2-people for a 1-bedroom, you can now move in 10-more family members. Smooth move Newsom.
I'd like to see the "3 x the rent" income requirement that so many apartments have be made illegal. I currently pay half my income on rent, and in the past have paid as much as 3/4 of my monthly income on rent. I have never missed or been late with a rent payment. Eligibility to rent an apartment should be judged by rent payment history, not current income.
Nope. My properties my requirements. Sorry pal I know you are honest hardworking individual but many others aren't 🤷♂️ me and other landlords just don't wanna take any risk
Oh, my goodness, so one person can sign a lease and 12 people move in? Can't be evicted for criminal activity? Omg - this is not good. A landlord has no protection if their place gets trashed. This is a squatter's dream. I am not a landlord, but I am an excellent tenant and I care about my safety. These laws make it way too easy for a landlord to be taken advantage of, with no recourse, or protection, from nefarious and criminal element.
@KB-ke3fi less homeowners wanting to rent out their homes because of these stupid tenant laws. Good job useless governer. Now there will be no more houses to rent, just selling them. I'm one of them to of the many.
What good is a contract now a days if Big Brother is looking over you shoulder to tell you what you can and cant do with YOUR OWN PROPERTY!!!! George Orwellian society is getting closer and the phrase "You will own nothing and be happy" is becoming more and more a reality every day.
I think this may lead to higher rents because the landlords might try to make up the difference they aren’t receiving for extra deposit money. It’s already too expensive to rent in California. A lot of people can’t afford higher rents.
Sell your renal properties and go invest your money in Texas Alabama or Florida, Idaho south Caroline. If it’s too expensive to rent here then don’t buy rental property! Maybe families can start affording homes if investors didn’t buy them all up!! I hope it gets harder to rent in California! Go to a red state!
California already has some of the lowest property taxes in the nation. Where else have you seen "million dollar" houses that pay next to nothing in property taxes? What is lowering prop taxes for everyone going to do? They'll just hit you with a higher income, sales and transfer tax.
Mom and Pop Landlords are doomed here! We rented our home because of Military move and it is not a great experience. Why make it hard for landlords? The Government should do better to help renters. Scaring people out of renting homes here.
It seems that the state is against small landlords. Small landlords were not raising rents.as the big companies. Yet they are forced to give thousands of dollars to tenants for an eviction. While at the same time the government continues to raise property taxes, trash, electricity and other utilities. This will force many small landlords to sell their rental properties or to start increasing rents every year.
Exactly! Renting one on site property is lumped in with professional land lords! I had one really bad tenant who tried to make my life miserable! Yet I have to suffer because I have one rental property that I depend on for survival! Not fair!
@@StellarBoBellar maybe all tenants are scum and I'm not gonna feel sorry for the ones evicted and left on the streets. What an asinine comment you made.
1. No landlord is going to rent to someone with bad credit with only 1 month security deposit without making up the difference somehow 2. Landlords will therefore raise monthly rent on higher risk/lower income properties to cover getting screwed, so rent will go up for low incomers 3. The rest of the higher income properties, perfect credit will be required to rent there
Does the law cap income requirements? If not, expect those to increase to qualify. Further encourages smaller landlords to sell to bigger companies. Leading to less competition and higher rents.
@@StellarBoBellarThat wouldn't be smart. If our country didn't have landlords, where the heck do you think millions of people would live? Also, why the heck should the government tell someone how much they can charge for their property? If you have a car, should the government tell you how much you can sell it for?
Russia, China, Cambodia and a few other countries tried this in the 20th century, it was a spectacular failure that saw the deaths of over a hundred million people. Do you want to try it again? I believe North Korea still has this system, maybe you could move there and try it out for yourself. Get back to me and let me know how it worked out for you. @@StellarBoBellar
Make it too unfriendly for small landlords, and they will decide it's not worth it and sell out. The likely buyer will NOT be another small landlord for the same reasons it was sold. Instead, it will be a large landlord/corporate housing trust, or a well-heeled owner-occupant. Either way, the affordable rental housing stock is reduced. They think they are "protecting" the renting class. How mistaken they are...
That's usually the way with left-wing regulations. They are devised by people who don't understand investment, in fact they hate it. So the regulations end up having the opposite effect of that intended, while a bunch more bureaucrats get jobs implementing the new laws.
It’s only to attract voters. 40% of voters are renters but only 5% of voters are landlords, so it’s a no-brainer for politicians to make pro-tenant laws.
Renters, and their untrained pets, can easily cause much more damage than a single month's rent worth. That's what deposits are for, to cover the ruined carpets, kicked in doors, holes in walls.
Landlords are selling out and leaving the state, and this video shows one of the reasons why. Government setting the rules for rents never helps tenants; just look what rent control did to NYC.
The only thing that all of these laws do is take rights & freedoms away from property owners. A property owner cannot give notice to tenant to leave so that they or their family members can move in. It's their property and the state of CA is saying they can't move back in. And what property owner wants criminals living on their property. The property owner should have a responsibility to the neighbors and the neighborhood. It seems only criminals have rights in this state.
These changes will probably make housing more expensive as small landlords exit the market due to risk and increased legal cost. That was probably the underlying objective. Decrease the number of investment properties as small landlords divest.
Small landlords will definitely exit the market. It's just too risky to rent out a place if you aren't a big company with many rentals. The big companies will raise the rents of all renters until they have enough profit cover the renters that "don't work out". Anyone who thinks this will be a good thing for the average person just doesn't understand what is going to happen. This means rents have to be extra high for any small landlords. The monthly rents will be going up to cover this stuff.
It’s Not that simple. Thanks to yet another law, landlords are Forced to take Sec 8 tenants irrespective of them having Bad credit. Can no longer even consider their FICO score. Now Mexican city council members & county board members want landlords to provide AC to all tenants. It Never ends. In L.A., couldn’t evict for 3 yrs, and couldn’t increase rent for 4 yrs now they have allowed us to raise rent 4 %. F you!
If a property owner has to pull their rental house off the market because they can't charge $3k more than they would have normally, then they have a failing business model and need to find another line of work 🤷♀️.
@@HanginInSF No, they won't. They will capitalize on slightly less revenue. Just like a business selling their customer's unpaid debt to a debt collecting agency, that business would rather get 80% of their intended revenue than none. It will discourage some investment companies, but there are a hundred others there to take its place. San Diego has the highest rental prices in the nation, California has the highest population of all US states, and the largest economy year after year. 12% of Americans are Californian. The markets in SF, LA, OC and SD are too big for this to have any significant deterrent to investment companies.
So you would rather live in a prison style boxed apartment than rent a home? You want the option of renting a home taken away? Why does that make you happy?
@@hiiiimymelody Not in the city of SF. Draconian rent control laws there discourage owners from renting their places out. It's gotten so bad that now the city has passed an 'Empty Homes Tax' that just took effect yesterday. Not making this up.
Trying to keep owners from moving into their own homes is beyond the pale. The tenant advocates complain about landlords but when the owners would rather house themselves or family members than be landlords in this state that speaks volumes as to how toxic this state has become towards the people who have invested their money to provide housing for others to live in. It is a shame because if this continues the only rental housing built will LIHTC project which in California can cost $450,000-$990,000
rent should be according to income and match the renters' needs, especially for those starting all over again. what happened to 675 or 775 rent for two bed room and studio. we need to bring this back into all communities of California.
I’m a landlord. Now with the new law, I can only afford to rent to people with a 720+ credit score. In the past I was able to rent to shakey applicants by just charging more deposit to mitigate the risk. Now I just keep my places vacant as long as it takes until a very strong applicant applies. No problem for me, but a problem for a lot of tenants that now don’t qualify anymore.
So, what happens when the renter breaks the windows or anything amouting to thousands more than 1st months rent? I just cant think how stupid CA is now.
Property taxes are already low for millions of people in CA, because under Prop 13 some pay a lot and others pay almost nothing. You won't remove them, but you can at least even them out across the board according to market value.
@@jameslocklear5298 Is that what I said???? Reread the original comment and my reply. In her original comment she said "REMOVE PROPERTY TAXES". I said "Are you going to pay for all of the services that you receive?". If you knew what services property taxes provide, you'd know that we cannot remove property taxes without removing services that everyone benefits from. smfh
I Strongly disagree with you my friend. You clearly are Not an income Property owner. If a tenant only pays 1 month rent for a deposit and then Stops paying rent during the lease, here are a few expenses the landlord will incur: - rent to cover the months of rent the tenant failed to pay - attorneys fee to get the POS out of the property - minimum of 3 months to get to court in front of a judge - once landlord gets judgement receives against tenants, now he has to clean the unit and remove all the garbage that was left inside because tenants that failed to pay rent always leave the unit in pristine condition . Landlording is not for everyone, it takes a special breed to deal with Societies Garbage
Funny that all of the landlords are complaining about this law hurting them while they’ve hurt so many renters by maximizing rent increases every year. Want to buy a house? Save money but let me increase your rent 10% every year.
@@JO-om9wd It's not the government's job to build houses. The houses that have been provided by the government are the worst houses in the worst communities. Additionally, it's not a landlord's job to do what your family should have done.
With caps on how much rentals can be raised in some jurisdictions, it's prudent to always raise somewhat or even to the max. Reason being the landlord can't catch rates back up later without jumping through significant hoops, such as taking off market (good luck getting the current renters out), doing a significant remodel, etc. Even when caps don't exist, property taxes continue to increase, often significantly, along with so much else. On top of that, supply and demand. Millions of migrants entering need housing increasing demand and driving up prices further throughout the U.S. including even smaller backwater locales.
1. the RIGHT SOLUTION to making a place to live more affordable is to: - fix all the beuracracy around california's home building requirents - stop letting hedge funds buy single family homes - stop letting individuals own 26 homes each and enslave the public - stop letting foreigners buy them all up - stop letting people flip them 2. The WRONG SOLUTION is all these rental laws that dont work and only increase rent, credit requirements, proof of income.
As a landlord, I would actually be ok with a single month's rent as a security deposit IF and ONLY IF a tenant can be evicted within a month. Those days are long gone in California. In practice, the problem with such a "small" deposit is that tenants can and do remain in possession of the rental unit for easily 4-6 months AFTER the landlord starts an eviction. Deposits simply don't even begin to cover the risks (lost rents, attorneys fees, court costs, damages) that California's lawmakers have provided to tenants.
I've decided all these laws are written by big rental corporations in order to drive individual landlords out of the business. This is going to increase rents already in the short-term to cover for the renters that trash homes or stop paying for months or longer. Once the corporations are all that's left they'll all make sure they're on the same page and rents will go up even more. So congrats Phyllis, you're about to spend *way* more money than that one-time security deposit.
Renters have way too many rights now, at the expense of owners. I hope a lot of landlords get out of the business due to things like this and further cramp the supply. CA is great if you are poor and want handouts, otherwise it's anti business all the way. Unless you are big business, that is.
Housing shouldn't even be a business, this attitude is why this country is so screwed up, we feel the need to monetize every inch of society to the extreme.
I'd convert them to condos and be done with whining tenants. If my rentals were single family homes. I'd sell and hope an owner occupant would buy it. I did sell a rental property in San Diego because of these leftist laws. One less rental on the market......
As a landlord I have never charged more than one months rent for a deposit and I prorate the first months rent based on the move in date. I also do a lot of work prescreening so that applicants who are clearly not qualified are not charged for the background a credit check. Once the pre screening is done and the background and credit checks are complete I offer renters a prerent walk through and then select the most qualified applicants. This usually takes me around a month to find a great tenant. As landlords we must treat all applicants with respect and it is on us to find renters who respect us and the home as well.
As a landlord I see one huge advantage for me: with all these crazy pro-tenant laws I’m one of the few landlords left, most competition is getting out of California. So now I can raise my rents drastically. It’s a whole lot more risk now, but also way more profitable as long as you only rent to people with high credit scores and stable job histories, no evictions, high income, etc.
Anytime the government comes in and tries to dictate the market it only causes pain for everyone involved. This will not help renters. It will only make it harder for landlords.
Rent cost should be capped! Unchecked capitalism and greed is putting way too many hard working folks out on the streets. That being said, stricter penalties should be enforced against squatters that don't pay rent and destroy or damage the property that they are occupying.
how about also groceries, fuel, home repair supplies? nice try cupcake, that's simply called socialism, try this on for a change; work 'within' that capitalist system to ensure a 'bountiful' supply of rentals which means 'competition which means lower and lower rents no different than any other commodity. But to do so one can never-never support or vote democrat -- never...
The housing market right now is anything BUT capitalism. Government regulation and federal reserve intervention led to the 2008 recession and ongoing issues ever since.
If all tenants are given a notice of eviction stating "Change of Use" as the reason, contact a tenant attorney before vacating the units. This reason is often used when building owners want to increase the rent more than allowed by CA Rent Control. An attorney will check to verify that the owner has submitted required paperwork with local government offices for the change in Use of the building.
I am all for restricting the amount of the security deposit, as sometimes in order to move you will have to have a a significant amount, but everything else is plain outrageous!!!!!!, these lawmakers are nuts!
Across the board rent reductions are needed now!! People are getting screwed renting a place. And don't forget about the never ending rent increases after you move into a place. Nothing is mentioned about that bit of robbery, huh?
If you're getting "screwed", buy your own house. You can't be telling people how much to charge for something that they bought. That's not "robbery". You have a choice. Do you want someone to tell you how much to sell your stuff for?
If landlords do not California laws protecting tenants they should sell their rental housing units and reinvest the proceeds in red state property or in an investment they have more control over. Housing in California is outrageously expensive and tenants who have to come up with confiscatory rental payments deserve the rights to be autonomous and not subject to exploitation.
They’re making the landlording business worse and worse, and then they wonder why nobody wants to provide rentals anymore? How about encouraging rentals to create an oversupply of rentals so prices can come down due to competition?
The solution would be to build more housing. Sadly the California legislature has put so many roadblocks in the way of developers to make it economically feasible.
Those roadblocks not only prevent new housing from being built, it raises the cost of new housing and reduces the supply of housing....further increasing costs.
here in Shasta County, they keep building 450k+ homes, in a county with a median income of 60k. The culprit? County Permit Fees. 50k in permit fees, for a 1500 sq ft house
I left CA after I retired, but I remember all of those new condos being built around downtown san Jose that they could not sell so they turned them into tax credit rentals. I was tickled to tears about that. 😂😊
It's the local legislature, voters, and property owners who keep blocking new construction. Look up how many lawsuits there are between the state and local governments. Cities/towns in CA are doing everything they can to block the supply and keep their property values astronomical. Look at how many people are crying over ADUs, or trying to block new construction through bs environmental regulation.
Property Owners will just be more selective and just shovel that deposit amount into your first months rent. The real answer is to get out of areas you can’t afford.
Security deposit should be capped at one month rent or $500. Landlords should be able to remove tenants for any reason but they should require a 4 month notice. Landlords don't want to remove quality paying tenants because they just lose money. If you are a tenant that is destructive, don't follow rules, excessively loud or intrusive to other tenants you should lose the privilege.
The massive divide between rich and poor is because of the massive divide between people. Some people work, study, invest, while others waste their lives demanding everything to be given to them. If rent is too expensive, then buy a place. If that is too expensive then either increase your income or move to a place where property isn't the most expensive in the country. These threads are always full of the useless left, who think that it's everyone else's responsibility to work hard, invest in property, and then rent it to them at a below market rate
I agree with deposit but not the eviction with so much criminal activity, another so many situations a landlord have a right to evict someone specially if they’re not paying their monthly rent, I don’t think it’s fair for the landlord as they have their own bills to pay as well
I get the spirit of the laws to help out tenants but there should be enhanced protections for landlords too. The eviction process takes forever which can put mom and pop landlords in a bad financial positon. The should at least be able to stop repairs, stop providing utilities, and access to the unit after 2, if not 1 month of missed rent. I understand some landlords have properties to spare where squatters take up space but what about those that simply go out on vacation and return to their house taken over? There should be a streamlined and defined process to legally remove squatters. There needs to be a balance because although some landlords are assholes, some are simply trying to pay the mortgage and avoid missed payments being the reason for foreclosure.
I lived in a ConAm property from 2014-2021. They required 3 months rent deposit before signing lease.most of the 3 bedroom apartment are over$350++, so do the math, and it musy r in money order before moving in
Not everyone is supposed to have everything... Some things are meant for certain people... If you don't know that you're forcing yourself to learn the laws is nature the hard way
Laws should put rent control back in place. No more rediculous rent raises. And lower the rents back down where they belong. Landlords have become greedy pigs!!
it’s inconceivable that landlords are actually crying about this. what is wrong with you people? you have to be very dead inside to be upset by something this basic
Keep driving out those “mom and pop” landlords, California. Soon enough, you’ll have nothing but corporates who want a profit. The “mom and pops” are more interested in preserving capital, except that, thanks to Prop 19, you’ve made it less likely the next generation of “mom and pops” will find rental properties worth holding. Here come the corporations.
