Page 91 - AAGLA-JUNE 2022

Member Update
Continued from page 88
might risk lowering the number of renters who can afford the higher price and thus affect how many renters apply or renew their lease. Depending on where your property is, this could be a positive or a negative.
If you choose to not take advantage of the current market, you could gain the benefit of a larger applicant pool. If you try raising the rent to above the current market price: it’s likely only renters with high paying jobs could afford the property. Your applicant pool could be smaller, but those who apply are likely to have a reliable financial situation and you’ll reap the benefits of earning a little more cash.
If you are considering raising rent prices, you have the option to only do so on properties that are currently unoccupied. This way, you don’t have to worry about pricing out your current tenants. Either way, with more renters moving, the ball is in your court.
About that Eviction Moratorium
Most eviction moratoriums have officially ended, with a sparing few continuing to hold out in 2022 such as in the County of Los Angeles and in the cities of Beverly Hills and Los Angeles. It is predicted that many of these stragglers will end before 2022 runs its course, baring unpredictable pandemic related events.
Sale
Nylon Carpet
$1.95 /sq.ft.* *Including installation
& 1⁄2” padding.
Commercial Carpet
$1.50 / sq.ft.* *Including installation
& jute padding. **Minimum 50 sq. yards
purchase required**
Serving California Since 1985
Store hours:
10:00 am– 5:00 pm (M - F) Weekends by appointment only
In Minnesota, the moratorium is scheduled to end in June 2022. In Massachusetts, landlords can’t evict if and only if their tenant has a rental assistance application in the works. For both San Francisco and Los Angeles, there is no degree of certainty that these moratoriums will end in 2022. Oregon’s moratorium is holding out until the end of June 2022 and the County of Los Angeles’s moratorium could continue for certain, low-income renters until June 30, 2023!
Now that the pandemic is near its hopeful close, many can breathe a little bit easier. The hardships of sheltering in place are over, and in most of the country, we can greet each other with full smiles (if you so choose). That means from here on out, it’s going to get much better.
Nicole Seidner is a copywriter at ApplyConnect, an affiliate of Contemporary Information Corporation (CIC). She holds a degree in Writing from Savannah College of Art and Design with a focus in creative nonfiction. Her free time is spent taking pictures of her dogs or reading deep- dive analysis on movies that she hasn’t seen. This article has been contributed by CIC. CIC and ApplyConnect are the preferred tenant screening service providers of the Apartment Association of Greater Los Angeles. For more information, go to https://aagla.org/cic-apply-connect.
COM
E AND VISIT OUR
R SHOWR
M
3
OOM
(3
10) 41
2-2424
delt
acarpet1@
979 S. La Brea Avenue Inglewood CA 90301
t
@
gmail.com
r
W arehouse, Inc.
Delta Car
pet
APARTMENT AGE • JUNE 2022 91