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What Does Balcony Inspection SB326 Mean for HOAs and Community Boards?

American Apartment Owners Association

SB326 was introduced in response to several tragic incidents involving the collapse of elevated structures in California, the most notable being the 2015 Berkeley balcony collapse that killed six people. Vendor Selection and Project Oversight HOAs must work with licensed professionals and reputable contractors. Why SB326 Was Enacted?

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Softening Rental Markets According to the report, apartment growth has stalled. However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Yes, many new apartments may become available according to the 2024 rental market predictions. It dropped from 15.3% to just 0.4%.

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New Laws for LA Landlords

Real Property Management Choice

This law applies to any lease executed, renewed or extended on or after 1st July 2015. This applies to all landlords and they should NOT use the new license to deny a prospective tenant an apartment during the screening process. Smoke Alarms This law became effective 1st July 2014. According to senate bill No.745,

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LA On-Site Property Manager Compensation 2016

Real Property Management Choice

First of all, the resident manager is an employee and generally cannot be an independent contractor. If an owner wishes to trade off an apartment rent value, the minimum wage value cannot exceed $564.81 Example: Manager (one person) receives a 2 bedroom apartment. hours per month in exchange for the apartment.