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 may decide to their pull units off rental the market rather than be forced to limit rents to such a degree.
AB 1482 discourages the creation of rental housing. Establishing restrictive rent caps and “just cause” eviction standards creates a disincentive for developers to build rental housing.
AB 1482 doesn’t address the core cause of the housing affordability crisis, which is the lack of supply.
AB 1482 does NOT prevent local jurisdictions from enacting rent control, contrary to what others are saying.
Source: CAR Government Affairs