Investor's Corner

What’s Happening in Montebello? Major Changes Landlords Need to Know (2026 Update)

Fri, 24 Apr 2026 22:24:47 GMT

What’s Happening in Montebello? Major Changes Landlords Need to Know (2026 Update) by Shant Sherbetdjian

The City of Montebello is going through a noticeable shift and if you own apartment buildings here, you’re going to feel it. With new leadership at the City Council level and policy changes already taking effect, we’re seeing a clear push toward increased revenue generation and one of the biggest impacts is hitting apartment owners directly.

A New Direction at City Hall

Over the past few months, Montebello has welcomed a new City Council member who is already influencing policy decisions and priorities.

While change at the city level isn’t unusual, what is significant is the direction:

A focus on “full cost recovery” for city services
A shift toward increased fees and taxes
A stronger emphasis on funding public services through local revenue sources

This is where landlords, and especially apartment owners, come into the picture.

Business License Fees Just Changed (Effective Feb 1, 2026)

As of February 1, 2026 , the City officially implemented new business license tax amounts , following City Council approval in late 2025.

For apartment owners, this is one of the most impactful changes we’ve seen in years.

What’s Different?

Fees are now being applied more aggressively on a per-unit basis
Many owners are reporting costs averaging around $171+ per unit annually
Larger properties are seeing significant jumps in operating expenses overnight

�� Example: A 20-unit building could now be looking at $3,400+ annually just in business license fees.

Why the Increase? The City’s Position

The City is positioning these increases as necessary to support essential services, including:

Police departments
Fire services
General city operations

This aligns with a broader “full cost recovery” model which means the City aims to pass the true cost of services directly onto businesses and property owners .

Why Apartment Owners Are Hit the Hardest

Unlike other businesses, apartment owners:

Are charged per unit (not per business)
Cannot easily absorb rising costs without impacting operations
Already operate under state rent control constraints like AB 1482

Under AB 1482, rent increases are capped annually (typically 5% + CPI, up to 10% max )

➡️ That means: You can’t simply pass these new costs onto tenants freely .

The Bigger Picture: What This Means for Investors

This isn’t just about one fee, it's about a shit that is coming.

1. Rising Operating Costs

Expect:

Increased annual expenses
Lower net operating income (NOI)
Downward pressure on property values (if rents can’t keep up)

2. More Cities May Follow

Montebello could become a case study for nearby cities looking to:

Close budget gaps
Shift costs onto landlords
Expand fee-based revenue models

3. Investment Strategy Needs to Adjust

Now more than ever, investors need to:

Underwrite deals with higher expense assumptions
Re-evaluate cash flow projections
Focus on value-add opportunities to offset rising costs

Final Thoughts: Stay Ahead of the Curve

Montebello is changing and it is changing quickly.

For landlords, this is a reminder that:

Local policy matters just as much as market fundamentals
City-level decisions can directly impact your bottom line
Staying informed is no longer optional—it’s critical

Need Help Navigating These Changes?

If you own property in Montebello (or are considering investing), now is the time to re-evaluate your strategy .

�� Send an email to Shant Sherbetdjian at ss@remaxcir.com
�� DM us @socalaptgroup on Instagram
�� Text our Landlord Hotline at 626-650-957

�� Text our Landlord Hotline at 626-657-8150

We’re actively tracking these changes and helping our clients stay ahead—not behind.

Shant Sherbetdjian

Realtor/Apartment Specialist
Southern California Apartment Group

California Apartment Owners in 2026: What Landlords Need to Know Now to Protect Value

Tue, 03 Feb 2026 22:28:22 GMT

California Apartment Owners in 2026:

What Landlords Need to Know Now to Protect Value

California Apartment Owners in 2026: What Landlords Need to Know Now to Protect Value

California apartment owners are operating in one of the most regulated rental housing environments in the country and 2026 is shaping up to be another pivotal year. Between evolving rent control laws, stricter eviction rules, inspection mandates, and shifting market conditions, landlords who fail to plan risk falling behind.

Whether you own a small duplex or a large apartment portfolio, understanding what’s coming and how to prepare is no longer optional. This guide breaks down what California apartment owners need to know now to protect cash flow, stay compliant, and preserve long-term value.

The Regulatory Landscape Is Not Slowing Down

Over the past few years, California landlords have experienced an aggressive expansion of tenant-focused legislation at both the state and local level. While some proposed measures have stalled, many are expected to resurface, often stronger than before.

Key trends apartment owners should be tracking include:

Continued pressure to expand rent control and vacancy restrictions
Increased tenant protections tied to eviction procedures
New inspection programs and compliance requirements
Growing enforcement activity at the city and county level

For owners, this means compliance costs are rising and mistakes are becoming more expensive.

Rent Control: What Apartment Owners Should Expect Next

Statewide rent control under AB 1482 continues to cap annual rent increases, but local jurisdictions are pushing further. Several California cities and unincorporated areas are exploring tighter controls, reduced allowable increases, and expanded tenant protections.

Apartment owners should be aware that:

Rent increase limits may tighten in certain jurisdictions
Notice requirements are becoming more technical and easier to challenge
Improper increases can lead to penalties, refunds, and legal exposure

Owners who rely on outdated assumptions or generic templates risk serious consequences. A proactive rent strategy, built around accurate compliance, is critical moving forward.

Evictions in California: More Rules, More Risk

Evictions remain one of the most misunderstood areas of apartment ownership in California. While “just cause” laws are now standard, local overlays continue to complicate enforcement.

Landlords must navigate:

Proper service methods and timing
Documentation requirements
Tenant defenses that are expanding, not shrinking

Even when tenants are clearly in default, procedural errors can reset the clock or derail a case entirely. Owners should ensure eviction processes are reviewed regularly and updated to reflect current law.

Inspections, Maintenance & Habitability Enforcement

California cities are increasingly shifting enforcement responsibilities onto property owners through inspection programs and habitability ordinances.

What this means for landlords:

More mandatory inspections sometimes annually
Increased exposure for deferred maintenance
Heightened scrutiny of building systems, balconies, and life-safety components

Failing an inspection doesn’t just mean repairs, it can trigger re-inspections, fines, or tenant leverage. Proactive maintenance planning is now a defensive strategy, not just an operational one.

How Regulations Are Impacting Apartment Values

Regulation and valuation are directly connected. As operational constraints increase, apartment owners are becoming more selective and pricing reflects that reality.

We are seeing:

Increased sensitivity to rent control exposure
Greater discounts for heavy compliance burdens
Strong demand for properties with operational flexibility

For some owners, this environment creates opportunity. For others, it creates urgency. Understanding how regulations affect your asset’s value today, not just in theory, is key to making informed decisions. Properties in cities with strict rent control often trade differently than similar assets in, East Los Angeles, Montebello, Alhambra, Covina, Burbank, Pasadena, or select San Gabriel Valley markets. Understanding how your city impacts value is essential when planning refinances, sales, or long-term holds.

Join Our Upcoming Landlord Seminar

With so many regulatory changes impacting California apartment owners, staying informed is more important than ever. That’s why Southern California Apartment Group will be hosting an upcoming Landlord Seminar, designed to give owners practical, real-world guidance on navigating today’s multifamily landscape.

Topics will include:

Current and upcoming landlord-tenant laws
Rent control and compliance best practices
Evictions, inspections, and risk management
Market trends and valuation considerations

Space is limited. If you would like to attend or receive details once registration opens, we encourage you to inquire with our office to be added to the interest list.

What California Apartment Owners Should Be Doing Now

The most successful landlords in today’s market are not reacting — they’re planning.

Smart next steps include:

Reviewing rent increase and eviction procedures annually
Budgeting for inspections and compliance upgrades
Stress-testing cash flow under conservative assumptions
Consulting professionals who specialize in California multifamily real estate

Being proactive doesn’t mean selling but it does mean understanding your options before they are limited.

Final Thoughts: Strategy Beats Reaction

California apartment ownership is no longer passive. Laws are changing, enforcement is increasing, and the margin for error is shrinking.

Landlords who stay informed, compliant, and strategic will continue to succeed even in a challenging environment. Those who wait until problems arise often find their choices narrowed.

If you own rental property in California, now is the time to review your position, understand your exposure, and plan ahead.

Have Questions or Want Seminar Details?

Every building and every city is different. If you have questions about how current or upcoming regulations may impact your property or would like information about our upcoming landlord seminar reach out to our team to inquire. Staying ahead starts with the right information. Call or text our number at 626-657-8150

Shant Sherbetdjian
Team Southern California Apartment Group

Office: 626-657-8150

City Council Update 11/12/25: A Meaningful Win for Housing Providers

Fri, 14 Nov 2025 20:14:40 GMT

City Council Update 11/12/25: A Meaningful Win for Housing Providers

City Council Update: A Meaningful Win for Housing Providers

Following November 12 ^th , 2025 City Council follow-up meeting, the motion on rent adjustments officially passed and the final version is significantly more moderated than what was originally proposed. This outcome reflects the power of coordinated advocacy, unified landlord turnout, and strategic collaboration across the housing provider community.

What Passed?

Under the adopted framework, annual rent adjustments for RSO properties will now include:

A rent adjustment range of 1% to 4%
A CPI capture of 90%
Removal of supplemental increases for landlord-paid utilities
Elimination of additional rent increases tied to dependent occupants

Next Steps?

The City Attorney will now draft the formal ordinance language before sending it to the Mayor for signature, a process expected to move quickly.

The final version of this motion is substantially better for landlords due to collective efforts:

The floor increased from 0% → 1%
The cap increased from 3% → 4%
CPI capture increased from 60% → 90%

This shift represents millions of dollars saved for owners citywide, a meaningful outcome made possible by strong participation, public testimony, and coordinated advocacy.

Landlords Being Present Made a HUGE Difference!!!

Landlords again demonstrated a powerful presence at City Hall, representing an estimated three-quarters of all attendees. Your voices were heard, and your engagement directly shaped today’s result.

A Special Thank-You to The Organizing Partners

This effort would not have been possible without key leaders who mobilized, organized, and unified the landlord community.

We extend our sincere appreciation to:

Vibrant LA
AAGLA
CAA
And especially, Nadav Zohar, Partner at Kimball, Tirey & St. John LLP, 915 Wilshire Boulevard, Suite 1650 | Los Angeles, CA 90017, 800.577.4587 x1524 | F 800.921.5131 | www.kts-law.com

Nadav played a major role in coordinating these efforts, from rallying housing providers across multiple neighborhoods to organizing transportation that ensured landlords could attend, participate, and make a meaningful impact at City Hall. His leadership and commitment were instrumental in driving a more balanced outcome.

Southern California Apartment Group will continue monitoring developments closely and will keep you updated as implementation details emerge.

The meeting's result is a powerful reminder that when landlords show up and speak up, policy outcomes shift.

Your trusted apartment specialist,

Shant Sherbetdjian
Team Southern California Apartment Group

Office: 626-657-8150

626-6

Big Changes Coming to L.A. Rent Control: What Landlords Need to Know Before July 1st 2025

Wed, 11 Jun 2025 22:50:17 GMT

Big Changes Coming to L.A. Rent Control: What Landlords Need to Know Before July 1st By Shant Sherbetdjian

If you own property subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), now is the time to act.

Beginning July 1, 2025, the allowable annual rent increase under L.A.’s RSO will be capped at 3%, with an additional 1% each if landlords pay for gas and electricity—for a potential maximum of 5%. But there’s a catch: the City Council is actively considering reducing that cap to j ust 2%, with a final vote expected before their July 2 recess.

What does this mean for you?

If you haven’t issued a rent increase notice for the current period (June 2024–June 2025), the window to do so closes after July 1, 2025
If the City votes to reduce the increase to 2%, that lower cap will impact all future rent adjustments under RSO rules.

This is an important talking point for landlords who are feeling the squeeze of increasing regulations. If you’ve been on the fence about selling an RSO-regulated building, this shift could be a key indicator that now is the time to explore your options.

Whether it’s a valuation, an exit strategy, or a 1031 exchange into a less restrictive market, we’re here to help you navigate the next steps.

�� Let’s talk before July 1st. Don’t miss the window to make an informed decision.

Your trusted apartment specialist,

Shant Sherbetdjian
Team Southern California Apartment Group

SB1157 Withdrawn: California Rent Cap Bill Paused Until 2026

Mon, 12 May 2025 18:28:06 GMT

SB1157 Withdrawn: California Rent Cap Bill Paused Until 2026

By Shant Sherbetdjian

SB1157 Withdrawn: California Rent Cap Bill Paused Until 2026

What Landlords Need to Know Right Now

California rental housing providers can breathe a temporary sigh of relief—Senate Bill 1157, which sought to dramatically lower statewide rent caps, has been withdrawn from the 2025 legislative calendar and reclassified as a “two-year bill.” While this pause doesn’t mean the bill is gone forever, it does give landlords more time to prepare and organize.

�� What Was SB1157 Aiming to Do?

SB1157 (previously known as AB1157, also called the Affordable Rent Act) proposed to cut rent cap limits in half for properties under the Tenant Protection Act (AB 1482).

Here’s a breakdown of the proposed changes:

Current Law (AB 1482)

Rent cap = 5% + CPI (max 10%)

SB1157 Proposal

Rent cap = 2% + CPI (max 5%)

This would’ve drastically changed the way landlords operate across California, especially in high-CPI areas where increases have already been tight.

Why Was SB1157 Pulled?

The bill faced strong opposition from landlord groups and industry associations, including:

The California Apartment Association (CAA)
The Apartment Association of Greater Los Angeles (AAGLA)

These groups argued that lowering rent caps even further would:

Discourage investment in new and existing rental housing
Exacerbate the housing shortage
Push mom-and-pop landlords out of the market entirely

Lawmakers responded to the pushback by shelving the bill—for now.

⏳ What Happens Next?

SB1157 is now considered a “two-year bill”, meaning it may be reintroduced in 2026
It is currently inactive for 2025
Landlords should remain informed and stay politically engaged, especially with elections approaching

�� Want a Simple Breakdown?

Tune into our YouTube Channel where Mary from our office breaks it all down—what SB1157 would’ve done, why it was pulled, and what you should keep in mind going forward.

�� Watch now: Click here to watch on YouTube

What Should You Do as a Landlord?

Stay compliant with the existing AB 1482 rent cap structure
Evaluate whether your property falls under AB 1482 (many exemptions still apply)
Stay tuned to further legislative developments as the 2026 session approaches

�� Need help understanding how this affects your property? Call us at 626-657-8150 or email us at ss@remaxcir.com directly and we would be happy to help!

Your trusted apartment specialist,

Shant Sherbetdjian
Team Southern California Apartment Group

We’re here to walk you through it. Contact Southern California Apartment Group for a free consultation on your property’s rent control status and how to stay compliant while protecting your investment.

How to Notify the City of Los Angeles About an Eviction Notice

Thu, 27 Mar 2025 21:28:10 GMT

How to Notify the City of Los Angeles About an Eviction Notice by Shant Sherbetdjian, Your Trusted Apartment Specialist

Attention Apartment Owners in the City of Los Angeles:

If you’re a landlord issuing an eviction notice in Los Angeles, you’re now required to notify the Los Angeles Housing Department (LAHD)—and you don’t want to miss this step!

Here’s what you need to do:

After serving your tenant a 3-Day Notice to Pay or Quit, you must submit a copy of that notice to LAHD within 3 business days . If you don’t comply, the City may find an excuse to halt your eviction process, so it’s critical to get this right.

-How to Submit: Upload the notice online via this link: https://housing.lacity.org/eviction-notices .

-Instructions: Follow the attached step-by-step guide for uploading the notice ( click to download).

-Account Setup: If you don’t have an LAHD account, click “Sign Up Here” on the portal page to create one. Instructions for account creation are attached.

Meet the 3-day deadline to avoid any hiccups with your eviction.

Your trusted apartment specialist,

Shant Sherbetdjian
Team Southern California Apartment Group

New Updates to L.A.'s Tenant Anti-Harassment Ordinance: What Property Owners Need to Know

Thu, 14 Nov 2024 16:27:28 GMT

New Updates to L.A.'s Tenant Anti-Harassment Ordinance: What Property Owners Need to Know by Shant Sherbetdjian, Your Trusted Apartment Specialist

On November 6th, the Los Angeles City Council unanimously approved major changes to the Tenant Anti-Harassment Ordinance (TAHO), which will impact rental housing providers significantly.

Once signed by Mayor Bass, expected by November 18, 2024, these revisions will enforce mandatory damages at triple compensatory levels, covering claims for mental and emotional distress, with civil penalties starting at $2,000 per violation.

What These Changes Mean for Property Owners

The Apartment Association of Greater Los Angeles (AAGLA) has raised strong objections to these changes. According to AAGLA, the high mandatory damages could create a “Cold War” between rental housing providers and renters. Property owners may feel hesitant to address common issues, such as late rent, repair access, or tenant disputes, fearing accusations of harassment that could lead to costly penalties even for minor misunderstandings or disputes.

Opposition and Advocacy Efforts

AAGLA's advocacy emphasized that the triple damages and $2,000 penalties may prove especially punishing for small, local property owners who lack the financial resources of larger corporations. AAGLA also advocated for judges to have the discretion to consider each case’s unique circumstances and the owner’s ability to pay, but the council voted against this approach. Most notably, Council Member Eunisses Hernandez led the push for these changes, with only three council members—Monica Rodriguez, John Lee, and Traci Park—opposing the amendment.

Additional Provisions and Concerns

Beyond the damages and penalties, the ordinance introduces new limitations, prohibiting owners from inquiring about tenants' criminal histories. AAGLA was the only organization voicing opposition to these changes, with limited support from individual property owners.

A Call to Action for Rental Housing Providers

We urge rental property providers to share their personal experiences and concerns with the City Council. As policy changes like this reshape the landscape of rental property management, it’s essential that property owners voice their perspectives to ensure fair consideration and balanced policy.

For further guidance on how these changes may impact your properties or specific tenancies, please consult with a qualified attorney.

Your trusted apartment specialist,
Shant Sherbetdjian
Team Southern California Apartment Group

Will 2024 Elections Effect Property Values?

Thu, 26 Sep 2024 19:05:45 GMT

The Looming Threat: How Vacancy Control Could Devastate Apartment Values After the Elections - Property Values Can Fall 30-40% by Shant Sherbetdjian

As the upcoming elections approach, California's rental property owners face an unsettling possibility: the implementation of vacancy control. For many in the real estate industry, the passage of such legislation could have dire consequences on apartment values, potentially sparking one of the most significant value drops we've seen in years.

The Impact on Apartment Values

If vacancy control passes, the potential financial fallout for property owners could be significant:

Revenue Compression : With restricted ability to raise rents upon vacancy, apartment owners will be stuck with state mandated rental rates. This leads to compressed revenues, which directly impacts property values. The market valuation of an apartment building is often tied to its net operating income (NOI), and any reduction in rental income could cause a corresponding drop in value.

Investor Flight: A market where revenue potential is tightly regulated will become less attractive to investors, both small and institutional. Real estate investors may shift focus to other states or asset types that promise better returns, leaving California’s multifamily housing market in a downward spiral.

Maintenance and Upkeep Challenges: Reduced revenue also means less money for necessary property maintenance. Buildings could fall into disrepair, further depressing values. Without the ability to raise rents, there will be little incentive for landlords to invest in improvements, leading to the deterioration of housing stock.

Buyer Hesitation: Prospective buyers may become wary of investing in rental properties subject to vacancy control, which would reduce demand in the market. Fewer buyers mean downward pressure on prices, as sellers may be forced to lower their expectations to close deals.

Why This Matters Now

While discussions around vacancy control have been ongoing for years, many political analysts believe the upcoming election could be a tipping point. Proponents argue it’s a necessary measure to combat rising rents, but opponents point out that it could lead to a rental market freeze, discouraging new development and exacerbating the housing shortage.

What Landlords Can Do to Prepare

Stay informed: Keep up to date on local laws and regulations that could affect your properties. Make sure you VOTE!
Evaluate your portfolio: Reach out for a free property evaluation with Shant Sherbetdjian at Southern California Apartment Group.
Enhance tenant retention: Retaining tenants at current market rental rates could become crucial to maintaining steady income. Offering incentives for renewals and providing top-tier property management could go a long way.

Conclusion

The potential passage of vacancy control is a serious concern for apartment owners in California. The consequence could be a massive drop in property values, causing ripples across the real estate market. Staying informed, prepared, and engaged is key for landlords who want to navigate the uncertainties ahead.

Your trusted apartment specialist,

Shant Sherbetdjian

Team Southern California Apartment Group

Los Angeles Unincorporated Areas Launch New Rental Housing Inspection Program

Mon, 05 Aug 2024 20:47:00 GMT

Los Angeles Unincorporated Areas Launch New Rental Housing Inspection Program by Shant Sherbetdjian

Starting November 2024, rental property owners in the unincorporated areas of Los Angeles County will see a change in their responsibilities. The Los Angeles County Department of Public Health will begin administering a comprehensive Rental Housing Habitability Program (RHHP), following the enactment of two key ordinances—Chapter 8.53 and 8.55 of the Los Angeles County Code—by the Los Angeles County Board of Supervisors on April 23, 2024.

Understanding the New Rental Housing Inspection Program

The RHHP is designed to enhance the safety and habitability of rental housing across all unincorporated areas of Los Angeles. This initiative applies to all rental properties, including single-family homes, ensuring that every rental unit meets the necessary health and safety standards.

Key Aspects of the Program:

1) Annual Inspections: Starting November 2024, the Department of Public Health will conduct inspections of all rental units. The RHHP has a process for completing a prescheduled inspection of each rental unit once every 4 years. Public Health will also respond to housing habitability made by tenants.

2) Funding the Program: To fund this new initiative, rental property owners will be assessed an annual fee of $86 per rental unit. This fee will appear on the property tax bill issued for 2024-25 by the Los Angeles County Treasurer - Tax Collector.

3) Cost Sharing with Tenants: Property owners are authorized to pass 50% of the annual fee to their tenants. This translates to a monthly charge of $3.58 per rental unit, which owners may begin collecting starting July 2024 .

Implications for Property Owners :

Financial Impact: The annual fee is an additional cost that property owners need to account for in their budgeting and financial planning. However, the ability to share this cost with tenants helps to mitigate the financial burden.
Compliance Requirements: Owners must ensure their properties meet the health and safety standards set by the inspection program to avoid penalties and maintain good standing.

Big Changes Coming to Rent Increases in LA County

Fri, 07 Jun 2024 21:28:40 GMT

Big Changes Coming to Rent Increases in LA County

On Tuesday, June 4th, the LA County Board of Supervisors made a close decision (3-2) to lower how much landlords can raise rent in the unincorporated parts of the county. Supervisors Barger and Hahn voted against it.

Here's what the new rules mean for landlords:

Starting January 1, 2025, landlords can only increase rent by 60% of the Consumer Price Index (CPI), up to a maximum cap of 3% but no minimum floor, meaning the allowable rental increase could be lower than 3% if the CPI is low.
For example, if the CPI is 4.275%, landlords can only raise rent by 2.57% (60% of 4.275%).
If the CPI is 5% or higher, the rent increase can be the maximum 3%.
If the CPI is very low, rent increases could be close to zero since there is no minimum increase anymore.

Special rules apply to different types of landlords:

Small landlords (fewer than 10 units): Can raise rent by an extra 1%, up to a maximum of 4%.
Luxury landlords: Can add an extra 2%, with a maximum increase of 5%.

Who are luxury landlords? These are owners of high-end rental properties, typically offering premium amenities and services. Their units are often in desirable locations and priced significantly above the average market rent. Examples include high-rise apartments with concierge services or upscale townhouses with extensive facilities.

Until the end of 2024, the current max rent increase of 4% still applies.

What Can You Do as a Landlord?

I f you're a small landlord, this new motion could have serious impacts on your ability to cover rising costs like maintenance, taxes, and the new Rental Housing Habitability Program.

Here’s how you can act:

Speak Out: Contact Supervisors Mitchell, Solis, and Horvath, who supported this motion, and express your concerns. Let them know how this amendment could make it hard for small landlords to stay in business.
Demand a Study: Ask for a thorough economic cost study by qualified economists to assess the real impact of these changes on both landlords and tenants.
Stay Informed: Follow updates on this motion and be prepared to voice your opinion when it comes up for a final vote.

This motion isn’t finalized yet. It requires another vote when the amendment draft is ready, so there’s still a chance to influence the outcome.

Contact Information to:

Supervisor Holly J. Mitchell (2nd District)
Phone: (213) 974-2222
Email: hollyjmitchell@bos.lacounty.gov
Supervisor Hilda L. Solis (1st District)
Phone: (213) 974-4111
Email: firstdistrict@bos.lacounty.gov
Supervisor Lindsey P. Horvath (3rd District)
Phone: (213) 974-3333
Email: ThirdDistrict@bos.lacounty.gov

Get Ready: November 2024 Elections Set to Possibly Shake Up Rent Control Laws!

Thu, 11 Apr 2024 20:37:23 GMT

Get Ready: November 2024 Elections Set to Possibly Shake Up Rent Control Laws!

Dear Investor,

As the one of the leading apartment agents in Southern California, we at Shant Sherbetdjian’s Southern California Apartment Group are concerned about the ongoing threat posed by rent control initiatives. Today, we want to shed light on the danger facing property owners and landlords in Southern California.

Michael Weinstein, President and Founder of the AIDS Healthcare Foundation (AHF) has once again spearheaded a rent control initiative for the upcoming November ballot. Over the past decade, Weinstein and AHF have aggressively pushed for restrictive rent control measures through Propositions 10 and 21 in 2018 and 2020. Despite pouring millions of dollars into these campaigns, both initiatives were defeated at the polls.

Undeterred by past failures, Weinstein and AHF are now promoting the "Justice for Renters Act," a proposal that threatens to further erode landlords' rights and destabilize the rental market. The choice of name is not accidental. The name "Justice for Renters Act" is a deliberate choice meant to win public support while hiding the harm it could cause property owners. If passed, this act would:

• After a tenant moves out, the city may have the authority to regulate the rent for your unit, similar to New York City's "vacancy control." This means you might not have the freedom to set rental rates based on market conditions.

• Revoke Costa-Hawkins Law, bringing new residential developments, single-family homes, condominiums, and accessory dwellings under rent control.

• Put all rental properties under local rent control rules, allowing them to impose strict annual rent limits, even on units previously exempt.

Property owners could face significant financial losses, with estimates suggesting a potential erosion of 40% or more of the equity in rental properties if vacancy de-control is eliminated. Moreover, the removal of Costa-Hawkins—a state law that currently exempts certain properties from rent control—could further exacerbate the situation, leading to increased uncertainty and financial hardship for landlords.

It's essential for landlords and property owners to stay informed and engaged in this critical issue. At Shant Sherbetdjian’s Southern California Apartment Group, we're committed to providing assistance and resources to help navigate these challenging times. Whether you have questions about the potential impact of rent control initiatives or need guidance on protecting your property rights, don't hesitate to reach out to us. We're here to support you every step of the way.

In conclusion, we encourage fellow landlords and property owners to remain vigilant about all new communications and express your opinions on safeguarding the interests of all stakeholders.

For further information or assistance, please feel free to contact us at any time.

Your trusted apartment specialist,

Shant Sherbetdjian

Team Southern California Apartment Group

UPDATE 07/12/2024:

“Justice for Renters Act” is p roposition 33 on the Ballot! This prop threatens California rental property owners by seeking to repeal the Costa-Hawkins Rental Housing Act’s protections and expanding local rent control laws. It aims to eliminate the right to raise rent to market rates after a tenant vacates, imposing “vacancy control” instead. This measure would also extend rent control to single-family homes, condominiums, and new rentals, significantly reducing rental income and potentially decreasing property values by up to 40%, similar to impacts seen in New York.

Landlord Coffee Talk Episode 4

Tue, 06 Feb 2024 20:29:25 GMT

Landlord Coffee Talk Episode 4: Electrical Panel Request to Repair & The Potential Risks for Landlords ☕

Join us for an exclusive session of Landlord Coffee Talk! ☕ In Episode 4: “Electrical Panel Request to Repair and Unveiling The Electrical Risks for Landlords," where we unravel the mysteries of Apartment Building Electrical systems

�� Key Discussion Points:

Part 1️⃣ Studio Discussion - The Panel Predicament:

Join us in the studio as we address a pressing concern for apartment owners – those intimidating letters from insurance companies urging updates for blacklisted electrical panels. Dima will shed light on why these panels are concerning and discuss potential risks associated with them. We'll also explore cost-effective ways to tackle this issue without completely removing the electrical panel.

Part 2️⃣ On-site Exploration - Inside the Electrical Realm:

Embark on an exclusive tour of an 8-unit apartment building with us, gaining insights into its electrical system and the challenges posed by aging panels. Dima will guide us through the exploration, providing valuable tips for ensuring the safety and efficiency of your building's electrical infrastructure.

��️ Special Guest: Dima Polishchuck from AA Electric, a seasoned 2nd generation apartment building electrician.

Don't miss out on expanding your knowledge! Tune in to Episode 4 of Landlord Coffee Talk and join a community of forward-thinking apartment owners. ��☕ #fedralpacificpanels #apartmentbuilding #LandlordCoffeeTalk

�� Don't forget to like, share, and subscribe to Landlord Coffee Talk for more valuable discussions with industry experts!

�� Connect with us:

For inquiries and future topics, reach out to ms@remaxcir.com

TEXT YOUR QUESTIONS TO: 626-650-9547

Presented Buy:

Shant Sherbetdjian

Senior Vice President of Investments

RE/MAX Commercial & Investment Realty

99 South Lake Avenue, Suite 504

Pasadena, CA 91101

Office #1: (626) 657-8150 l Office #2: (213) 233-4389

Cell: (310) 968-6049 l Fax: (818) 647-0355

ss@remaxcir.com l DRE # 01713570

Find out more, visit us at www.socalaptgroup.com

Guest Speaker:

Dima Polishchuck

AA Electrical Services, INC

Office: 818-426-6810

Cell: 818-437-6736

www.myaaelectric.com

Landlord Coffee Talk Episode 3

Wed, 17 Jan 2024 20:16:45 GMT

Landlord Coffee Talk Episode 3: Exploring DSTs - A Candid Conversation ☕

Join us for an exclusive session of Landlord Coffee Talk! ☕ In Episode 3: "Exploring DSTs - A Candid Conversation," we dive into the world of Delaware Statutory Trusts. �� Discover what sets DSTs apart from conventional property ownership and who stands to benefit the most. ��

�� Key Discussion Points:

1️⃣ What exactly is a DST and how does it differ from traditional ownership?

2️⃣ Who's the ideal candidate for a DST?

3️⃣ Explore the advantages of DSTs for hands-off property management.

4️⃣ Navigate challenges and seize opportunities in transitioning to a DST investment strategy.

��️ Special Guest: Louie Goros, a seasoned real estate expert, joins us to share insights into incorporating DSTs into your investment portfolio.

Don't miss out on expanding your knowledge! Tune in to Episode 3 of Landlord Coffee Talk and join a community of forward-thinking apartment owners. ��☕ #DSTInvesting #RealEstate #LandlordCoffeeTalk

�� Don't forget to like, share, and subscribe to Landlord Coffee Talk for more valuable discussions with industry experts!

�� Connect with us:

For inquiries and future topics, reach out to ms@remaxcir.com

TEXT YOUR QUESTIONS TO: 626-650-9547

Presented Buy:

Shant Sherbetdjian

Senior Vice President of Investments

RE/MAX Commercial & Investment Realty

99 South Lake Avenue, Suite 504

Pasadena, CA 91101

Office #1: (626) 657-8150 l Office #2: (213) 233-4389

Cell: (310) 968-6049 l Fax: (818) 647-0355

ss@remaxcir.com l DRE # 01713570

Find out more, visit us at www.socalaptgroup.com

Guest Speaker:

Louie A. Goros

Managing Director

Kingsbarn Real Estate Capital

620 Newport Center Dr. Suite 1100

Newport Beach, CA 92660

D: (424) 343-9000 M: (630) 247-5881

Easily Access Your Tax Bill: A Quick Guide for Apartment Owners

Thu, 28 Dec 2023 20:25:00 GMT

Easily Access Your Tax Bill: A Quick Guide for Apartment Owners by: Shant Sherbetdjian | 12/28/2023

Dear Valued Investors,

As tax season approaches, we understand the importance of having easy access to your property tax information. To streamline this process for our apartment owners, we're excited to share a quick and convenient method for obtaining a duplicate tax bill. You can now effortlessly retrieve your tax information by following a few simple steps on the Los Angeles County Treasurer and Tax Collector's website.

How to Obtain Your Duplicate Tax Bill:

The Los Angeles County Treasurer and Tax Collector's website has an efficient online system that allows you to obtain a copy of your tax bill with just a few clicks.

Here's a step-by-step guide

Visit the Website:

Open your preferred web browser and go to the official website of the Los Angeles County Treasurer and Tax Collector at https://ttc.lacounty.gov/request-duplicate-bill/

Enter Your APN Number:

Locate your Assessor's Parcel Number (APN) on your property documents or tax statements. Enter this unique identifier into the designated field on the website.

Verify and Confirm:

After entering your APN, double-check to ensure accuracy. Click on the submit or search button to proceed.

Access Your Duplicate Tax Bill:

The website will retrieve your property tax information associated with the provided APN. You should then be able to view and download a duplicate copy of your tax bill.

If You Don't Know Your APN (also referred to as an AIN Number/ Assessor Identification Number):

Visit the County Assessor's Website:

If you're unsure of your APN, log onto the county assessor's website at https://portal.assessor.lacounty.gov/

Enter Your Property Address:

Use the search feature on the website to find your property by entering the address.

Retrieve Your APN/AIN:

The website will provide you with your Assessor's Parcel Number (APN) or Assessor Identification Number (AIN).

We hope this guide makes it easier for you to access your property tax information as needed. Embracing digital solutions can simplify processes and save you time. If you have any questions or require assistance, feel free to reach out to Southern California Apartment Group, Team Shant Sherbetdjian’s office. We wish you a smooth and stress-free tax season!

Best regards,

Shant Sherbetdjian

Southern California Apartment Group

Landlord Coffee Talk Episode 2

Thu, 07 Dec 2023 20:08:29 GMT

Landlord Coffee Talk Ep 2: Navigate Loan Resets | Master the Transition: Fixed ➔ Variable Rates ☕

Join us for another insightful episode of Landlord Coffee Talk as we sit down with special guest Gil Figueroa, a seasoned expert from First Commercial Capital. In this episode, we delve into the intricacies of resetting loans and discuss what landlords need to be aware of when their fixed rates are set to transition to variable rates within the next 2 years.

�� Key Topics Covered:

*Will my mortgage rate double with the current interest rates?

Am I required to pay my loan down if I do not meet the lender's debt ratio requirement after the reset?
Will I be blacklisted with the lender if my loan does not meet debt ratio requirements after the reset?

*Will rates continue to climb up?

�� About Our Guest:

Gil Figeroa is a respected expert in the finance industry, specializing in multiunit lending. With years of experience, he brings a unique perspective to the challenges landlords face during loan resets.

�� Don't forget to like, share, and subscribe to Landlord Coffee Talk for more valuable discussions with industry experts!

�� Connect with us:

For inquiries and future topics, reach out to ms@remaxcir.com

TEXT YOUR QUESTIONS TO: 626-650-9547

Guest Speaker:

Gil Figueroa

First Commercial Capital, Inc.

14241 E. Firestone Blvd.

Suite 400

La Mirada, CA 90638

Gil@Firstcommercialcapital.com

Direct: 562-754-5626

Office: 562-293-4076

Efax: 562-381-8501

UPDATE: RSO Properties in the City of Los Angeles: UP TO 6% Rental Increase as of 02/2024!

Mon, 04 Dec 2023 22:51:52 GMT

UPDATE! RSO Properties in the City of Los Angeles: Up to a 6% Rental Increase as of 02/2024 by: Shant Sherbetdjian | 12/04/2023

Dear Valued Investors,

We are thrilled to bring you the latest update regarding the Rent Stabilization Ordinance (RSO), set to take effect on February 1, 2024. In an effort to keep you well-informed, we are pleased to announce a significant change to the RSO guidelines that will impact landlords of RSO properties. Starting February 1, 2024, landlords will be permitted to implement permissible rent increases, with the maximum allowable increase being raised to 6%.

Let's break down the details of this exciting development:

Annual Allowable Rent Increase:

Up to 6%Under the updated RSO guidelines, the base rental increase is set at 4%. Landlords can now add an additional 1% each if they provide mastered metered gas and mastered metered electrical services. This flexibility allows for a total allowable increase of up to 6%.

Effective Period: February 1, 2024, through June 30, 2024

This adjustment applies to rent increases taking place between February 1, 2024, and June 30, 2024. We encourage landlords to take note of this period for planning and implementation.

Providing Notices: Immediate Action Allowed

Landlords may commence providing notices to tenants effective immediately. However, it is crucial to ensure that the date of the rental increase is not before 02/01/2024.

No Banking or Retroactive Increases

To maintain fairness and transparency, it's essential to highlight that no banking or retroactive rent increases will be permitted.

Written Notice Requirement: 30 Days in Advance

To comply with the ordinance, landlords are required to furnish tenants with a written notice at least 30 days before implementing any rent increases. This notice should comprehensively outline the new rental amount, effective date, and any applicable additional charges for gas and water services.

Stay Connected with Us

Our commitment to keeping our investors well-informed remains steadfast. Should you have any questions or need clarification, please feel free to reach out to Shant Sherbetdjian and his dedicated staff. They are available at your convenience and eager to assist you.

Shant Sherbetdjian

Southern California Apartment Group

Landlord Coffee Talk Episode 1

Wed, 15 Nov 2023 19:19:15 GMT

Landlord Coffee Talk Episode 1: Apartment Insurance Unveiled: Navigating the Challenges! ��

In this segment, we delve into the numerous challenges currently faced in the insurance landscape. We address key inquiries such as:

*What are some of the causes that are preventing insurance companies from underwriting properties they are presently insuring?

*Why have electrical panels become a significant concern?

*What factors contribute to the recent surge in insurance premiums?

TEXT YOUR QUESTIONS TO: 626-650-9547

Guest Speaker:

Gino Mattunts

Safecal Insurance

Commercial Lines Specialist

818-244-0555 Office

818-244-0550 Fax

818-681-1119 Cell

www.safecal.com

CA-DOI Individual License 0K55178

gino@safecal.com

California's New Security Deposit Legislation: What You Need to Know

Sat, 16 Sep 2023 22:45:10 GMT

California's New Security Deposit Legislation: What You Need to Know

As of September 15, 2023, California is close to implementing significant changes to its security deposit laws. The state legislature has passed Assembly Bill 12 (AB 12), a piece of legislation sponsored by Assemblyman Matt Haney, D-San Francisco. AB 12, which is currently awaiting the governor's signature, would limit security deposits for both furnished and unfurnished rental units to a maximum of one month's rent. This is a big shift from existing law, which currently allows landlords to charge up to two months' rent for unfurnished units and three months' rent for furnished ones.

Current Law vs. Proposed Changes

Presently, California landlords can request a security deposit of up to two months' rent for unfurnished units and three months' rent for furnished ones. AB 12 aims to standardize this practice, ensuring that all tenants are only required to pay a security deposit equivalent to one month's rent, regardless of whether the unit is furnished or unfurnished.

Exceptions for Small Landlords

AB 12 recognizes the unique challenges faced by small landlords and makes allowances for them. Under the proposed legislation, small landlords can still collect a security deposit of up to two months' rent. To qualify for this exception, landlords must meet specific criteria:

They must be either a "natural person," a limited liability company, or a family trust.
They should own no more than two residential rental units.
Their rental properties, collectively, must include no more than four dwelling units offered for rent.

* It's important to note that this exception does not apply when the prospective tenant is a military service member.

Timeline for Implementation

Assuming Governor Newsom signs AB 12 into law, it won't take immediate effect. The new security deposit rules are slated to come into force on July 1, 2024. This grace period allows landlords and tenants ample time to adjust to the changes and ensures a smooth transition.

What This Means for Landlords

Landlords, especially small-scale property owners, should also take note of these impending changes. While the bill accommodates small landlords with the option to charge up to two months' rent as a security deposit, it's essential to review your property portfolio and ensure compliance with the criteria outlined in the legislation. Understanding these criteria and potential exemptions will help landlords navigate the evolving rental landscape.

Stay tuned for updates as we await the governor's decision on this crucial piece of legislation.

Our offices at Southern California Apartment Group and Shant Sherbetdjian would be happy to provide you with more insight on the proposed changes. Be sure to give our office a call at, 626-657-8150, to discuss further.

Sincerely,

Shant Sherbetdjian

Southern California Apartment Group

Mastering Fair Utility Billing: Exploring the Benefits of RUBS for Multi-Family Properties

Tue, 29 Aug 2023 18:24:49 GMT

Mastering Fair Utility Billing: Exploring the Benefits of RUBS for Multi-Family Properties by Shant Sherbetdjian

"RUBS" stands for "Ratio Utility Billing System." It's a method used by property owners and managers to allocate utility costs among individual units or tenants in multi-family buildings. The idea behind RUBS is to fairly distribute the costs of utilities like water, electricity, gas, and other shared amenities based on the proportion of usage by each tenant, rather than charging a flat fee or including utilities in the rent.

Here's how the typical RUBS process might work:

Measurement : The property owner or manager determines the total utility costs for the building, often by obtaining meter readings for each utility.
Allocation : The total utility costs are then divided among the tenants based on factors like the square footage of their units, the number of occupants, or some other relevant measure.
Billing : Each tenant is billed their portion of the total utility costs based on the allocated formula. This billing is usually added to their monthly rent invoice.
Transparency : Property owners or managers should communicate clearly with tenants about the RUBS system, how the allocation is calculated, and provide transparency about the utility charges.

It's important to note that the legality and regulations surrounding RUBS can vary by location and jurisdiction. Some regions might have specific laws governing how utility costs can be allocated and billed to tenants. Therefore, if you are considering implementing a RUBS program, it's recommended to consult with legal professionals who are well-versed in property and real estate laws in your area.

Our offices at Southern California Apartment Group and Shant Sherbetdjian would be happy to provide you with some insight on how you as the property owner can benefit from this program. Be sure to give our office a call at, 626-657-8150, to discuss further.

Sincerely,

Shant Sherbetdjian

Southern California Apartment Group

Navigating Current Challenges: Apartment Owners and the Complex World of Insurance

Tue, 15 Aug 2023 20:30:38 GMT

Navigating Current Challenges: Apartment Owners and Complex World of Insurance by: Shant Sherbetdjian 08/01/2023

Dear Investor,

Owning and managing apartment properties is no easy feat, especially when it comes to insurance. In today's rapidly evolving real estate landscape, apartment owners face a myriad of challenges with their insurance policies that require careful consideration and strategic planning. In this blog post, we will delve into the key challenges apartment owners encounter and explore strategies to navigate these complexities.

1. The Price of Protection: Rising Premiums

The first challenge on the radar for apartment owners is the steady rise in insurance premiums. Factors such as increasing property values, a surge in natural disasters, and evolving underwriting standards have all contributed to the upward trajectory of insurance costs. Apartment owners must grapple with the task of securing adequate coverage while managing escalating premiums. It is recommended for owners to pay close attention to their renewal policy documents and reach out to their insurance agent 45-60 days upon renewal to discuss possible renewal options with other carriers that can maximize coverage and minimize premium costs.

2. Tenancy Tangle: Addressing Tenant Issues

Tenant-related challenges can significantly impact insurance policies. Damage caused by tenants, disputes, and rental income loss due to tenant incidents require comprehensive coverage. Ensuring adequate protection against these scenarios is a puzzle that apartment owners must piece together. Not all insurance policies are created equal. Most common insurance policy forms exclude tenant related perils. Shant Sherbetdjian recommends reviewing your current insurance policy exclusions and reach out to your insurance agent on file to discuss proper coverage.

3. Deciphering the Dialect: Lack of Understanding

Insurance policies are notorious for their complexity and jargon. Apartment owners may struggle to comprehend the fine print, terms, and limitations of their policies. This lack of understanding can have profound implications when it's time to make a claim. Shant Sherbetdjian recommends reviewing your current insurance policy documents and reach out to your insurance agent on file to discuss the terms you are unable to understand.

Conclusion

The realm of insurance for apartment owners is no walk in the park. Navigating the challenges of rising premiums, natural disasters, liability, cybersecurity, and tenant issues requires a meticulous and proactive approach. By staying informed about changing regulations, seeking specialized coverage, and partnering with experienced insurance professionals, apartment owners can navigate the maze of insurance complexities and safeguard their investments in today's rapidly changing real estate landscape.

Sincerely,

Southern California Apartment Group

Shant Sherbetdjian

City of Los Angeles: Can I Recover Seismic Retrofit Costs for my Multi-Unit Property?

Tue, 15 Aug 2023 19:43:54 GMT

City of Los Angeles: 7% Can I Recover Seismic Retrofit Costs for my Multi-Unit Property? by: Shant Sherbetdjian 08/11/2023

Dear Investor,

I wanted to bring to your attention a recent consultation I had with a client who owns an 8-unit property located in Van Nuys, CA. This property is subject to the mandatory Seismic Retrofit Ordinance that came into effect on November 22, 2015.

I have attached a picture of the building for your reference. As you can see, it is a wood-frame structure with open-front walls. According to the Department of Building and Safety, this design poses a potential earthquake hazard and is considered unsafe in the event of an earthquake.

The total cost of the retrofit for my client's property amounted to $95,000, which has placed a significant financial burden on him. Additionally, the rents for all the units are well below the market rates. However, I have informed my client that he does have the opportunity to recover a portion of the retrofit costs through The Seismic Retrofit Work Cost Recovery Program.

Effective from November 22, 2015, the City of Los Angeles implemented mandatory standards for reducing earthquake hazards in existing wood-frame buildings with soft, weak, or open-front walls, as well as non-ductile concrete buildings. Under this statute (Ordinance No. 183893), the Department of Building and Safety has identified approximately 12,000 buildings that fall into this category and sent courtesy notices to the respective property owners in March 2016.

The costs associated with a seismic retrofit job can be excessive. To assist property owners in recovering these expenses, The Seismic Retrofit Work Cost Recovery Program was introduced on February 12, 2016 for City of Los Angeles building owners only. This program allows for a temporary rent surcharge to be imposed on tenants, based on the following guidelines:

1. Approval from the Los Angeles Housing Department (LAHD) to pass through up to 50% of the total seismic retrofit costs, divided equally among all rental units.

2. A maximum monthly rent increase of $38 for a period of 120 months. The recovery period may be extended until the full approved amount is collected.

If you require more information on how to apply for The Seismic Retrofit Work Cost Recovery Program, please feel free to email Shant Sherbetdjian or call the office directly, and we will be delighted to provide you with the necessary details regarding the program.

Sincerely,

Southern California Apartment Group

Shant Sherbetdjian

RSO Properties in the City of Los Angeles: 7% Rental Increase as of 02/2024!

Tue, 15 Aug 2023 19:29:54 GMT

RSO Properties in the City of Los Angeles: 7% Rental Increase as of 02/2024 by: Shant Sherbetdjian | 08/15/2023

Dear Investor,

Under the new Rent Stabilization Ordinance (RSO) that will come into effect on February 1, 2024, landlords of RSO properties will be allowed to resume permissible rent increases.

According to the new updated RSO guidelines, the annual allowable rent increase from February 1, 2024, through June 30, 2024, will be 7% unless otherwise amended by the City Council. In addition, landlords may add an extra 1% for gas and 1% for electric service if they provide these services to the tenant.

However, it is important to note that no banking or retroactive rent increases will be permitted. To ensure transparency, landlords are required to provide a written notice at least 30 days in advance for all rent increases. This notice should clearly outline the new rental amount, effective date, and any applicable additional charges for gas and electric services.

CLICK HERE FOR A COPY OF THE NOTICE

Shant Sherbetdjian and his staff are committed to keeping our investors well-informed and up to date. If you have any questions or need further clarification, please do not hesitate to reach out to me. I am available at your convenience and would be glad to assist you. I eagerly anticipate the opportunity to dive deeper into this matter during our discussion.

Sincerely,

Southern California Apartment Group

Exploring Insights and Innovation: Highlights from the April Apartment Owners Convention

Tue, 02 May 2023 23:47:38 GMT

Exploring Insights and Innovation: Highlights from the April Apartment Owners Convention: By Shant Sherbetdjian | May 02, 2023

In the dynamic world of real estate, staying updated with the latest trends, technologies, and vendor offerings is crucial for success. The Apartment Owners Convention held in April was a prime opportunity for industry professionals to gather, learn, and network. As an attendee, I had the privilege of immersing myself in a wealth of knowledge and engaging with numerous vendors. In this blog post, I'll share my experiences, insights, and key takeaways from this enriching event.

1. Learning from Industry Experts

One of the most valuable aspects of the convention was the diverse lineup of speakers and panel discussions. Industry experts shared their insights on a range of topics, from property management best practices to sustainable building solutions. These sessions provided a deeper understanding of current challenges and opportunities within the apartment owners' sphere.

2. Exploring Cutting-Edge Technologies

The convention also served as a hub for innovative technologies transforming the real estate landscape. From virtual property tours to AI-driven property management platforms, vendors showcased tools that promise to enhance operational efficiency and tenant experiences. Interacting with these technologies was an eye-opening experience, highlighting the importance of staying tech-savvy in an ever-evolving industry.

3. Networking and Building Connections

In a field as interconnected as real estate, networking is key. The convention floor was abuzz with professionals from various segments of the industry, offering ample opportunities for meaningful connections. From property managers to suppliers and investors, engaging in conversations with like-minded individuals broadened my perspective and potentially opened doors for future collaborations. Shant Sherbetdjian even ran into some of his clients!

4. Vendor Interactions: A Glimpse into Innovation

Meeting with vendors was undoubtedly one of the highlights of the event. The exhibit hall was a treasure trove of products and services catering to the specific needs of apartment owners. From energy-efficient appliances to security solutions and property management software, each vendor had something unique to offer. Engaging in discussions with them not only deepened my understanding of the market but also provided insights into potential enhancements for my properties.

5. Navigating Sustainable Solutions

Sustainability is no longer a mere buzzword; it's a driving force behind modern real estate practices. Several sessions focused on sustainable building materials, energy-efficient technologies, and eco-friendly property management strategies. These discussions left me with a renewed commitment to integrating environmentally conscious practices into my own properties.

6. Adapting to Changing Tenant Expectations and Laws

As tenant demographics shift and preferences evolve, staying attuned to their expectations is paramount. Learning about the latest trends in tenant engagement and satisfaction underscored the need to remain responsive in a competitive market.

Conclusion

Attending the April Apartment Owners Convention was a richly rewarding experience. The knowledge gained, connections forged, and insights garnered have left an indelible impact on my approach to property ownership, management and as a real estate agent. As the real estate landscape continues to evolve, events like these prove to be invaluable touchpoints for staying ahead of the curve and embracing innovation. I look forward to implementing the lessons learned and watching my client's properties flourish in this ever-changing industry.

Sincerely,

Southern California Apartment Group

Shant Shertbetdjian, Mary Sherbetdjian, Gayane Adamyan

Investor's Corner

What’s Happening in Montebello? Major Changes Landlords Need to Know (2026 Update)

What’s Happening in Montebello? Major Changes Landlords Need to Know (2026 Update) by Shant Sherbetdjian

A New Direction at City Hall

Business License Fees Just Changed (Effective Feb 1, 2026)

What’s Different?

Why the Increase? The City’s Position

Why Apartment Owners Are Hit the Hardest

The Bigger Picture: What This Means for Investors

1. Rising Operating Costs

2. More Cities May Follow

3. Investment Strategy Needs to Adjust

Final Thoughts: Stay Ahead of the Curve

Need Help Navigating These Changes?

California Apartment Owners in 2026: What Landlords Need to Know Now to Protect Value

California Apartment Owners in 2026:

﻿ What Landlords Need to Know Now to Protect Value

City Council Update 11/12/25: A Meaningful Win for Housing Providers

City Council Update 11/12/25: A Meaningful Win for Housing Providers

Big Changes Coming to L.A. Rent Control: What Landlords Need to Know Before July 1st 2025

Big Changes Coming to L.A. Rent Control: What Landlords Need to Know Before July 1st By Shant Sherbetdjian

What does this mean for you?

SB1157 Withdrawn: California Rent Cap Bill Paused Until 2026

SB1157 Withdrawn: California Rent Cap Bill Paused Until 2026

By Shant Sherbetdjian

�� What Was SB1157 Aiming to Do?

Why Was SB1157 Pulled?

⏳ What Happens Next?

�� Want a Simple Breakdown?

What Should You Do as a Landlord?

How to Notify the City of Los Angeles About an Eviction Notice

How to Notify the City of Los Angeles About an Eviction Notice by Shant Sherbetdjian, Your Trusted Apartment Specialist

New Updates to L.A.'s Tenant Anti-Harassment Ordinance: What Property Owners Need to Know

New Updates to L.A.'s Tenant Anti-Harassment Ordinance: What Property Owners Need to Know by Shant Sherbetdjian, Your Trusted Apartment Specialist

Will 2024 Elections Effect Property Values?

The Looming Threat: How Vacancy Control Could Devastate Apartment Values After the Elections - Property Values Can Fall 30-40% by Shant Sherbetdjian

Los Angeles Unincorporated Areas Launch New Rental Housing Inspection Program

Los Angeles Unincorporated Areas Launch New Rental Housing Inspection Program by Shant Sherbetdjian

Understanding the New Rental Housing Inspection Program

Implications for Property Owners :

Big Changes Coming to Rent Increases in LA County

Big Changes Coming to Rent Increases in LA County

What Can You Do as a Landlord?

Get Ready: November 2024 Elections Set to Possibly Shake Up Rent Control Laws!

Get Ready: November 2024 Elections Set to Possibly Shake Up Rent Control Laws!

Landlord Coffee Talk Episode 4

Landlord Coffee Talk Episode 3

Easily Access Your Tax Bill: A Quick Guide for Apartment Owners

Easily Access Your Tax Bill: A Quick Guide for Apartment Owners by: Shant Sherbetdjian | 12/28/2023

Landlord Coffee Talk Episode 2

UPDATE: RSO Properties in the City of Los Angeles: UP TO 6% Rental Increase as of 02/2024!

UPDATE! RSO Properties in the City of Los Angeles: Up to a 6% Rental Increase as of 02/2024 by: Shant Sherbetdjian | 12/04/2023

Annual Allowable Rent Increase:

Up to 6%Under the updated RSO guidelines, the base rental increase is set at 4%. Landlords can now add an additional 1% each if they provide mastered metered gas and mastered metered electrical services. This flexibility allows for a total allowable increase of up to 6%.

Effective Period: February 1, 2024, through June 30, 2024

This adjustment applies to rent increases taking place between February 1, 2024, and June 30, 2024. We encourage landlords to take note of this period for planning and implementation.

Providing Notices: Immediate Action Allowed

No Banking or Retroactive Increases

Written Notice Requirement: 30 Days in Advance

Stay Connected with Us

Landlord Coffee Talk Episode 1

California's New Security Deposit Legislation: What You Need to Know

California's New Security Deposit Legislation: What You Need to Know

Mastering Fair Utility Billing: Exploring the Benefits of RUBS for Multi-Family Properties

Mastering Fair Utility Billing: Exploring the Benefits of RUBS for Multi-Family Properties by Shant Sherbetdjian

Navigating Current Challenges: Apartment Owners and the Complex World of Insurance

Navigating Current Challenges: Apartment Owners and Complex World of Insurance by: Shant Sherbetdjian 08/01/2023

City of Los Angeles: Can I Recover Seismic Retrofit Costs for my Multi-Unit Property?

City of Los Angeles: 7% Can I Recover Seismic Retrofit Costs for my Multi-Unit Property? by: Shant Sherbetdjian 08/11/2023

RSO Properties in the City of Los Angeles: 7% Rental Increase as of 02/2024!

RSO Properties in the City of Los Angeles: 7% Rental Increase as of 02/2024 by: Shant Sherbetdjian | 08/15/2023

Exploring Insights and Innovation: Highlights from the April Apartment Owners Convention

What Landlords Need to Know Now to Protect Value