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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

As we approach the November 2024 elections, one of the key ballot measures that could significantly impact the real estate market in California is Proposition 33. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. Vacant units, allowing landlords to reset rent prices to market rates.

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What You Need to Know About LA’s Renter Protections

Beach Front Property Management

Your 2024 household income must be at or below 150% of the Area Median Income. Just Cause Eviction Protections in LA Starting January 27, 2023, Los Angeles implemented eviction protections for renters, extending these safeguards to almost all rental properties, including single-family homes and condominiums.