Page 28 - AAGLA-JAN 2022

Multifamily News
Under the ordinance, rent increases are limited to just 3% annually or 80% of inflation, whichever is less, for buildings built before 1995 and for mobile home parks established before 1990. The ordinance also includes just cause eviction rules which limit the circumstances under which a housing provider may evict a renter who has lived in the property for at least 30 days. Additionally, the ordinance provides an allocation of pandemic relief money towards creating an “eviction defense fund” and hiring a consultant until the City creates a new rent control board and a rent registry for apartments and requires that City staff study how the intended measures will be implemented. The new ordinance took effect November 19, 2021.
JLS Palms Real Estate Offers Electric Vehicle
(E.V.) Charging Stations to Property Owners
JLS Palms Real Estate, a Los Angeles based real estate investment and property management company, has contracted with a Los Angeles based company which installs Electrical Vehicle (E.V.) chargers for free to property owners. The company states that it will take care of all paperwork, permitting, hardware, software, wiring, conduit, and electrical breaker changes for property owners.
Installing E.V. chargers add a free amenity at multifamily rental properties and may be the deciding factor in leasing to a good renter when filling a vacancy. E.V. adoption is set to explode in the coming years as gas prices are at all-time highs, environmental awareness grows, and more and more drivers make the switch. Federal, state, and local financial incentives can add up to tens of thousands of dollars, and in some cases up to $17,000, off the purchase of a new E.V. The company advises that current rebates to install chargers will not last forever, and in fact, many are being reduced and phased out soon.
Currently, free E.V. chargers are being offered to customers of the Los Angeles Department of Water and Power (L.A. DWP), and beginning next year, JLS Palms Real Estate expects that similar incentives will be available for Southern California Edison customers in Los Angeles, Riverside, Orange, and San Bernardino Counties.
JLS Palms Real Estate will help qualified rental property owners obtain and install free E.V. chargers at their properties. These free, E.V. chargers are amenities that generate cash! Residents pay for the use of the E.V. chargers via a mobile app and property owners havetheleewaytosettherates. Foradditionalinformation,contactJonathanatJLSPalmsRealEstateat(424)326-3120orvisittheir website at www.jlspalms.com/ev-chargers.
SMART SAVER TIP OF THE MONTH
Brought to you by Livable
Lower maintenance and water usage by replacing thirsty lawn spaces with native, drought-tolerant plantings. Most lawns need 1 to 1.5 inches of water each week. Native plants generally need to be watered every 2 to 3 weeks during long stretches without rain, and not at all once they are established. Plus, no more mowing! To find out how Livable can save you money, check out http://www.livable.com/AAGLA/ or call (877) 789-6027.
TENANT SCREENING TIP OF THE MONTH
Brought to you by RentSpree
An important part of the tenant screening process is the credit history check. It not only allows an applicant to demonstrate why they are the best prospective tenant for your property, but also allows you to learn important information about their ability and history to meet financial obligations. RentSpree utilizes a “soft credit” inquiry which does not damage credit scores nor leaves a mark on future reports. This not only makes renters more likely to apply, but the report is also good for 30 days and can be used on applications to multiple properties at once! To learn how RentSpree can help you find the best renters, visit https://aagla.rentspree.com
28 JANUARY 2022 • WWW.AAGLA.ORG