A.B. 1482 Update – California’s Statewide Rent Control and How it Impacts You
Tuesday, March 26 @ 11:00 am - 12:00 pm
| Free for AAGLA MembersUpdate on California’s A.B. 1482 State Rent Control Law
Patti is Back! A.B. 1482 Was Amended for 2024…Get the Details Right Here!
Date / Time: 11:00 a.m. – 12:00 p.m. (Noon), on Tuesday, March 26, 2024
How to Attend: Please login to register
Cost: FREE to all AAGLA members
The Tenant Protection Act of 2019 (“TPA”), also known as Assembly Bill 1482, is the state law that imposes both Rent Control and Just Cause Eviction protections absent a local ordinance that provides these protections. During 2013, the Legislature also passed Senate Bill 567, which imposes even greater restrictions on so-called, “no-fault” evictions for owner move-in, substantial remodel, or removal of a property from the rental market. Senate Bill 567 is effective as of April 1, 2024.
Statewide rent control and tenant protections under the TPA are generally applicable to most multifamily rental properties constructed more than fifteen years ago with few exceptions for duplexes where the owner is one of the occupants. In certain circumstances, the Tenant Protection Act applies to single-family residences owned by corporate owners. The TPA imposes annual limitations on rent increases, the payment of relocation fees, and just cause eviction rules for rental properties covered under it.
Our leading multifamily industry expert, Patti Widget, the founder of Widget’s Way again, joins us for another amazing presentation that will help YOU to better survive. During this webinar, Patti will help explain this “layer” of regulation imposed by the Tenant Protection Act and help you to understand how it “fits in” between local ordinances and exempt rental properties. PLEASE, join us for what will most certainly be an informative online seminar via ZOOM.
During the webinar, we will also cover the following:
- Which rental properties are covered under Assembly Bill 1482, the Tenant Protection Act? How much can YOU increase rent this year?
- What’s changed for this year due to Senate Bill 567? Can you still move into your own property? How can you substantially remodel your property?
- How are tenants being protected from “no fault” evictions for owner move-in or substantial remodel? How much do YOU have to pay in relocation fees to get them out?
- How can YOU evict your tenant for cause…learn your options and develop your strategy.
- And wait…there’s always so much more. YOUR questions will help lead the discussion. ASK Patti anything – she will address your questions for one full hour!
This will be a live, interactive, online learning session. Live Q&A will take place throughout the online seminar. Please join us for what will surely be an extremely informative and entertaining presentation by Patti Widget. Please log in to register on our website at www.aagla.org. If you have any questions, please contact Events Manager, Diana Alcaraz, via email at . We look forward to seeing you. Please stay diligent and be healthy!
WARNING: THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM YOUR LICENSED PROFESSIONAL.
Seminar Leader:
Patti Widget, Property Management Expert, Widget’s Way
Patti “Widget” has nearly 25 years of experience as a regional property manager. Patti teaches a wide range of classes on property management topics; she is a keynote speaker on property management and housing issues and has published numerous articles for apartment associations. Patti is a repeat guest speaker at UCLA. She also holds various certifications in the industry related to her field, such as a CA licensed Real Estate Broker, CCRM, lead based paint certified renovator from the EPA, Fair Housing and more.
Moderator:
Daniel Yukelson, AAGLA Executive Director
Daniel Yukelson is the Executive Director of the Apartment Association of Greater Los Angeles (AAGLA). As Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies. Prior to joining AAGLA, he served as the Chief Financial Officer for Oasis West Realty, the owner of the Beverly Hilton Hotel and Waldorf Astoria Beverly Hills where he was involved in the planning, construction and opening of the Waldorf Astoria. Prior to that, he was the Chief Financial Officer for 15-years of Premiere Radio Networks, the largest U.S. radio network. Yukelson also served as a Planning Commissioner for 6 years in the City of Beverly Hills.
Presenting Sponsor:
Housing Authority of the County of San Bernardino
The Housing Authority of the County of San Bernardino (HACSB) proudly assists low-income households to attain safe and stable housing through a variety of rental assistance programs funded by the U.S. Department of Housing and Urban Development (HUD). Through these programs, we serve approximately 24,000 people, most of whom are seniors, individuals with disabilities, veterans, and children.
As the largest provider of affordable housing in the County, the Housing Authority of the County of San Bernardino assists approximately 26,000 people, most of whom are seniors, individuals with disabilities, veterans and children. HACSB develops and owns affordable rental properties throughout the County. However, the majority of HACSB’s work is to provide rental assistance to low-income families renting from private market landlords. HACSB’s core work is to provide rental assistance to prevent homelessness among low-income households. The affordable rental housing programs they administer provide a critical safety net for households in San Bernardino County, where it takes nearly twice the minimum wage to afford rent for a two-bedroom apartment. For more information, go to https://hacsb.com/ or call (909) 890-0644.
Title Sponsor(s):
Robert Hall and Associates
In 1971 Robert Hall had a dream to create an accounting firm that offered the businesses and residents of Los Angeles, high-quality tax services. He recognized that each business is unique and the traditional “cookie-cutter” tax preparation approach was not serving their best interests. Out of this desire to better serve the accounting and tax preparation needs of Californian businesses and individuals, Robert Hall & Associates was born.
In the beginning, Robert Hall started preparing fellow teacher’s taxes out of his garage. As demand for his services grew, the accounting firm expanded to include more talented tax preparers with experience in a variety of industries. Today, Robert Hall still diligently works to prepare taxes and personally trains each tax consultant in order to achieve a higher standard of quality. Because of his tireless efforts, the Los Angeles accounting firm has grown to become an industry leader that prepares roughly 10,000 tax returns annually. Robert Hall & Associates has grown to not only provide accounting services to Los Angeles, but also to Orange County and the San Fernando Valley and other areas within California. It offers accounting and tax services to a variety of industries, such as: real estate, small business, entertainment, healthcare, law enforcement/firefighters, and education.
Real Estate Transition Solutions
Real Estate Transition Solutions (RETS) is a consulting firm specializing in tax-deferred 1031 Exchange strategies and Delaware Statutory Trust investment property. For over 26 years, we have helped investment property owners perform successful 1031 Exchanges by developing and implementing well-planned, tax-efficient transition plans carefully designed to meet their objectives. Our team of licensed 1031 Exchange Advisors will guide you through the entire process, including help selecting and acquiring passive management replacement properties best suited to meet your objectives. To learn more about 1031 Exchanges and Real Estate Transition Solutions, visit www.re-transition.com/aagla or call us at (866) 352-3354.
