AUGUST 2024

Los Angeles County Commits To Permanently Pay Private Attorneys To Fight Evictions

On July 16th and July 23rd, the Los Angeles County Board of Supervisors voted unanimously to make the Stay Housed L.A. right to counsel pilot program permanent. This decision, made without a permanent funding source, raises significant concerns about financial responsibility.

Understanding Stay Housed LA Pilot Program

Stay Housed LA (Opens in a new tab), started in July 2020, provides legal representation to low-income households facing eviction. Despite data showing 80% of evictions are due to non-payment of rent, the Supervisors opted to support legal aid over direct financial assistance to renters.

Financial Implications for Property Owners

The program will cost the County $21 million for fiscal year 2024-25, with $13.4 million allocated for attorneys’ fees. Only $4 million is designated for rental assistance. This decision means property owners may face prolonged legal battles while tenants remain unable to pay rent.

Increased Legal Battles: Expect longer, costlier eviction processes.
Financial Strain: Prioritizing legal fees over rental assistance exacerbates financial strain on property owners.
Need for Advocacy: Active engagement is crucial to influence policies affecting property owners.

How Property Owners Can Take Action

This fight isn’t over, as the County has only one year of funding. It’s crucial for property owners to stay informed about legislative changes, engage and advocate by contacting Supervisors to oppose the current funding allocation, and support advocacy groups like AAGLA to amplify our collective voice for fair solutions.

As your trusted partner, Power Property Management is dedicated to protecting your interests. We share your concerns about this new ordinance and its potential impact on property management. Thank you for your continued trust in Power Property Management. We will keep you updated on this and other important industry news.

FIGHT AGAINST PROPOSITION 33: URGENT CALL TO ACTION

We urgently need your support to combat the "Justice for Renters Act," now known as Proposition 33. Despite nearly 60% of California voters rejecting similar measures in 2018 (Prop. 10) and 2020 (Prop. 21), these harmful initiatives have resurfaced.

What Proposition 33 Means:

Imposes Rent Control: Controls prices on homes and new constructions.
Reduces Housing Supply: Discourages new builds and forces out landlords.
Worsens Housing Crisis: Increases costs, reduces availability.
Increases Local Costs: Adds millions in administrative expenses.

Critical Reasons to Act:

Empowers Bureaucrats: Unelected officials can impose fees without voter approval.
Harms Small Owners: Decreases property values and impacts savings.
Worsens Housing Problems: Discourages new builds, reduces rentals, increases costs.

Read the full details to understand the severe implications of Proposition 33 and join us in our fight to protect California's housing market.

ABOUT US

POWER PROPERTY MANAGEMENT is California’s premier, full service management company dedicated to providing the highest quality service available in property management, leasing and value add capital improvement projects. We personalize our approach based on our clients’ needs and deliver results to maximize your cash flow. As experienced leasing professionals our team is committed to protecting your assets while acquiring optimal rents. We work tirelessly to maximize awareness of your asset through aggressive marketing efforts in order to minimize the vacancy period and attract the right residents.

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