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For HOAs, this means a significant shift in responsibilities, risk management, and long-term planning. 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. Why SB326 Was Enacted?
The Impact of SB-721 on California's PropertyManagement Industry Introduction Senate Bill 721 (SB-721) was enacted to improve building safety standards, particularly for balconies and elevated exterior elements. Licensed Contractors experienced in balcony and deck inspections. Who is Qualified to Conduct Inspections?
Issuing IRS Tax Forms: Am I Required to Issue a 1099 to all of my contractors as a landlord? The New Year brings with it tax time, and as a rental property owner you are responsible for ensuring tax laws are followed and IRS forms are issued. Do You Know What Rental Property Tax Forms You Need to File?
The new law, SB 745 takes it place and will be phased in through July 1, 2015. Exception: If anyone (retailers, wholesalers, managing agents, contractors, property owners) has the older models (not a 10 year battery), they may continue to install them until July 1, 2015. January 1, 2015. July 1, 2015.
Moreover, it’s 48% higher than the homelessness rate in 2015. Landlords and property investors would pay attention to these trends to protect their investments and make the right purchases moving forward. Are you a property owner in need of professional rental propertymanagement?
First of all, the resident manager is an employee and generally cannot be an independent contractor. Sick Leave “The Healthy Workplaces, Healthy Families Act of 2014.” Beginning July 1, 2015, employee who works in California for 30 days or more per year will get paid sick days. Please referral to [link].
This law applies to any lease executed, renewed or extended on or after 1st July 2015. However, this law exempts properties with less than five parking spaces or properties with subject to rent control. Landlords are required to pay onsite managers the prevailing minimum wage. According to senate bill No.745,
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