Steve Welty Issue# 43 April 2025 Happy Saturday, Housing Heroes! Checking in with some positive updates following our earlier newsletter on AB 246. I’m pleased to share that, after significant opposition from housing providers all around California, this bill has taken a turn that bodes well for us. What’s New with AB 246? Assembly Bill 246, initially introduced by Assemblyman Isaac G. Bryan, originally aimed to impose a one-year rent freeze in Los Angeles County after wildfire emergencies, a...
14 days ago • 2 min read
Steve Welty Issue# 42 April 2025 Happy Saturday, Housing Heroes! Heads up - April has brought two legislative updates for housing providers in California. We’re talking about fresh requirements for positive rent reporting and another one concerning security deposit documentation. What’s the Deal with AB 2747? Effective April 1, 2025, AB 2747 requires many housing providers to offer tenants the option to have their on-time rent payments reported to at least one credit bureau. This applies to...
21 days ago • 2 min read
Steve Welty Issue# 41 March 2025 Happy Saturday, Housing Heroes! Heads up, big news on the legislative front that could impact landlords across California. Assembly Bill 246, introduced by Assemblyman Isaac G. Bryan, is stirring up debate by proposing a statewide rent freeze for a full year. If enacted, this law would lock in rental rates at the levels charged as of January 7, 2025 and impact housing providers throughout LA County and potentially set a precedent affecting housing providers...
28 days ago • 2 min read
Steve Welty Issue# 40 March 2025 Happy Saturday, Housing Heroes! Heads up—if you’ve been curious about 1031 exchanges and how they might work for vacant properties, it’s time to tune in. A 1031 exchange is one of the best tax breaks available exclusively to housing providers and investors. It lets you sell an investment property and buy another without having to pay capital gains tax right away. What’s the Deal with Vacant Homes? You might be wondering: Can a house that’s been empty for years...
about 1 month ago • 2 min read
Steve Welty Issue# 39 March 2025 Happy Saturday, Housing Heroes! Heads up, if you’ve been putting off your tax planning and ignoring your rental property expenses, it’s time to tune in. With Tax Day looming on April 15, 2025, there’s no better moment to review every deductible expense that can help you reduce your year-end tax liability. This comprehensive guide, inspired by best practices in our industry, dives deep into the myriad of write-offs from mortgage interest to vacancy losses that...
about 1 month ago • 3 min read
Steve Welty Issue# 38 March 2025 Happy Saturday, Housing Heroes! Heads up, if you’ve been ignoring potential changes to eviction law, it’s time to tune in. Senate Bill 436 dubbed the “Last-Minute Rent Payment Bill” could allow tenants to avoid eviction by paying overdue rent right up until the moment of lockout. This proposal, inspired by similar “right to redeem” measures in other states, aims to prevent avoidable evictions by giving tenants a chance to catch up on rent even after a court...
about 2 months ago • 2 min read
Steve Welty Issue# 37 February 2025 Happy Saturday, Housing Heroes! Pests are an unavoidable aspect of property management, but they don’t have to be a nightmare. Whether it’s ants marching across your kitchen or a mouse finding its way in during a cool evening, keeping your property pest-free is key to a happy home. Today, we’re sharing some down-to-earth, practical tips to help you tackle pest issues head-on. Pest Control Best Practices Ants The Issue: Argentine ants love Southern...
about 2 months ago • 3 min read
Steve Welty Issue# 36 February 2025 Happy Saturday, Housing Heroes! Heads up, if you’ve been dragging your feet on balcony inspections, there’s some breathing room, but not much. Senate Bill 721, aka the “Balcony Inspection Bill,” had a looming deadline of January 1, 2025, but it’s now been extended by one year. The new deadline? January 1, 2026. This law, signed in 2018 after a tragic balcony collapse in Berkeley killed six people, requires regular inspections to keep balconies and other...
2 months ago • 2 min read
Steve Welty Issue# 35 January 2025 Happy Saturday Housing Heroes, We recently onboarded a new client, and getting landlord insurance for their property was a huge challenge. Most providers weren’t writing new policies in California, had sky-high deductibles, or refused to add their property management company as additionally insured. After a long search, we finally found coverage, but the process was frustrating and way harder than it should be. Unfortunately, this isn’t just a one-off issue....
2 months ago • 2 min read