How Much Can a Landlord Raise Rents? (2024 Update)

We dive into the complexities of rent control laws in California. Learn about the AB 1482 law, how CPI affects rent increases, and exemptions for certain properties. Whether you're a new landlord or an experienced property owner, this episode provides valuable insights to help you navigate the ever-changing landscape of real estate in California. #realestate #CPI #rentcontrol #rent #landlord #realestateinvesting
0:00 - Introduction and Announcements
1:15 - About Juan Huizar and His Background
8:45 - Importance of Rent Control and AB 1482 Law
11:30 - CPI and Rent Increase Calculations
14:00 - Exemptions to Rent Control Laws
17:45 - Cities with Their Own Rent Control Laws
20:15 - Understanding Single-Family Home and Condo Exemptions
22:45 - New Construction Exemptions
25:00 - Importance of Knowing Your Rights as a Housing Provider
30:45 - Advice for Property Owners Considering Selling
37:00 - Encouragement for Tenants to Become Property Owners
41:00 - Benefits of Homeownership and Fixed Mortgage Rates
47:00 - Conclusion
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Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing.
Juan specializes in selling multifamily apartment units as well as residential properties. He prides himself in locating value-added properties that maximize the client’s investment yields. Juan is a detail-oriented entrepreneur.
Today he handles everything from finding, funding, designing, managing, and selling investment properties. His diverse experience in commercial and multifamily real estate allows him to develop and navigate a wide range of projects.
BRE 01417642​​​
www.SageREGroup.com
Follow me on social media:
Instagram: / multifamilylongbeach
Facebook: / sageregroup
LinkedIn: / juanhuizar-sagerealestate

[@lettyesparza9398]

Very informative 👏

[@SageRealEstate]

Glad it was helpful!

[@franksanchez8556]

Really enjoy your vids. You know what would be a great vid for you to do. A breakdown of the neighborhoods in long beach that you want to invest in but more importantly stay away from investing in. Would be awesome if you can screen share and pull up a map too

[@SageRealEstate]

Thanks Frank for the suggestion. Stay tuned.

[@susiefrades-white3088]

Thank you. I own a small 10 unit complex that was mis managed for 36 years. My dad built it 42 years ago and it was neglected so badly and rents never ever raised so tenants have stayed there for decades. I am dealing with an uphill battle trying to appropriately raising rents within the law. 4 of my tenants are only paying 985 after two rent raises the last two years. Market rate for these units is 2550.00 I am feeling defeated. They all KNOW that they have banked away thousands and thousands and thousands away because of this. They complain about a 10 percent increase in spite of these facts.

[@SageRealEstate]

Unfortunately, we see this all the time. Let us know how we could help.