If you are a landlord in California, you may be interested......The California Association of Realtors has asked agents to urge our government officials to vote "NO" on AB 1482. Here are some reasons why...... The bill does not allow for “pass throughs” for repairs, such as a broken HVAC system or leaky roof. A small property owner has no way to offset these repair costs and is unable to absorb such costs under such restrictive rent caps. As a result, small property owners ma

As we know rents in California and on the Central Coast are high and we continue to have a shortage of affordable options. It looks like we aren't alone but 5 of the top 10 cities for highest rents in the US were in California and they continue to rise. The national average rent climbed to a record high of $1,409 in July, up 2.8 percent year over year according to RentCafe reports. The largest apartment rental increases were in Orlando (7.7 percent year over year); Las Vegas

With housing shortages in our local area and across California, rising rental prices and home values are creating a challenging environment for both the young and old. A 2 bedroom, 2 bath house in Pacific Grove can easily rent for $3000. A 3 bedroom home in Pebble Beach can rent for $3500-$5000 depending on location. Although home ownership requires money for repairs and maintenance, the balance between renting and owning may be tipping. Here is some information from Harvard

Finding a positive cash-flow residential rental property can be challenging especially on the Monterey Peninsula. In the following study, only 9.4% of zip codes surveyed yielded a positive net cash flow of $5000 or more. ATTOM Data Solutions, a real estate tracking firm, identified the places where landlords can still find income-producing properties. The research team looked at 8,841 U.S. ZIP codes to find the best rental properties with cash-producing opportunities. Researc