Page 28 - AAGLA-JULY 2022

Multifamily News
Beverly Hills Seeks Data from Rental Property Owners
to Help Create Local Rental Assistance Program
The City of Beverly Hills is seeking data from housing providers on unpaid back rent to assist withfuturediscussionsrelatedtoapossible,locallyfundedrentalassistanceprogram. Inrecent discussions on the possible assistance program, members of the City Council acknowledged the tremendous adverse impacts felt by both tenants and housing providers throughout the pandemic. Inrecognitionoftheseimpacts,theCityCouncilheldadiscussionoftheproposed assistanceprogramatitsJune21,2022meeting. Inamessagesenttoownersinthecity,thecity requested information on unpaid rent: “Any information that housing providers can provide on unpaid back rent would be of great utility to the City Council. In order to facilitate the submission of this data, the City has created a survey.
AAGLA’s Income Property Management
Expo: A HUGE Success
On May 24, 2022, the Los Angeles Area’s largest annual property
management exposition, the Income Property Management
Expo presented by the Apartment Association of Greater Los
Angeles, returned to the Pasadena Convention Center following
a two-year hiatus. More than 100 of the rental housing
industry’s top vendors were in attendance along with local area
real estate experts and thousands of income property investors.
Dozens of free seminars featuring renowned legal experts Mike
Brennan and Dennis Block, property management expert Patti
Widget, and experts from various other leading real estate
experts on Section 1031 exchanges, Section 8 housing, and more.
The Expo was kicked-off by presentations by Daniel Yukelson,
AAGLA’s Executive Director, and Jeffrey Prang, Los Angeles
County Assessor who discussed the many issues associated
with Proposition 19, the so-called “death tax.” Be sure to attend
the next AAGLA Expo taking place at the Pasadena Convention
Center in October. Management Expo.
SMART SAVER TIP OF THE MONTH
Brought to you by Livable
As apartments are now doubling as workspaces, it’s a good time to remind residents of the simple ways they can save energy. CheckoutthisinformativelistfromOregon’sKGW8andforwardyourfavoritesontoyourresidents. Lookingformorewaysto save?ComesavewithLivable-learnhowwecanincreaseyourprofitmarginstodayatwww.livable.com. TofindouthowLivable 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
One of the key decisions you must make when your property is ready to hit the market is determining the best rental pricing. An easy way to determine this is analyzing comparable properties (“comps”) in the area. You could analyze how long a property stays on the market and adjust your target pricing accordingly. RentSpree provides a detailed rent estimate report available for purchase directly from the RentSpree dashboard. View vacancy trends, rent amounts for comparable properties, and data specific to the neighborhood. Set the right pricing with our easy-to-read reports, accessibleinminutes! TolearnhowRentSpreecanhelpyoufindthebestrenters,visithttps://aagla.rentspree.com
Joshua Edgerton and Leonardo Rivas, Pro Paint Sales and Service Specialists from Behr Paints, paint a portrait featuring the AAGLA Logo while attending the Income Property
28 JULY 2022 • WWW.AAGLA.ORG