Proposition 33: A Step Back in California's Housing Crisis
California’s housing crisis is bad enough—Proposition 33 will only make it worse. It will raise housing costs, fail to help renters, create budget deficits, and give bureaucrats more control. That's why a broad coalition opposes it.
Proposition 33 will drive up the cost of housing even further
Proposition 33 is bad for renters and will not provide any immediate relief for people facing higher housing costs
Proposition 33 will make California's housing crisis far worse and will not help in any way with the current housing shortages
Proposition 33 could create budget deficits for local governments by the tens of millions of dollars each year
Proposition 33 puts bureaucrats in charge of housing
Proposition 33 is opposed by a diverse, broad based coalition because it's deeply flawed.
Let's keep the momentum going and stop the madness before it begins—make sure to VOTE "NO" on Proposition 33!
WHAT IS RENT CONTROL?
If you own rental properties in Los Angeles, it's important to know whether they fall under the city’s Rent Stabilization Ordinance (RSO). This applies to units built before October 1, 1978, and some that replaced demolished RSO units. If your property doesn’t qualify under RSO, newer regulations like the Just Cause Ordinance (JCO) may apply, which took effect in January 2023 and protects tenants in newer buildings. Knowing these regulations ensures you stay compliant with the city’s rent and eviction laws.
Key Takeaways
Rent Stabilization Ordinance (RSO)
Applies to properties built before October 1, 1978. It regulates rent increases and limits evictions.
Annual Rent Increases
These are capped under the RSO, typically adjusted based on inflation.
Relocation Assistance
If a tenant is legally evicted for reasons such as condo conversion or major renovations, property owners may be required to provide relocation assistance.
Exemptions:
Properties built after 1978, single-family homes, and certain affordable housing units may be exempt.
For more information on your rights and responsibilities as a rental property owner, visit the LA Housing Department's website.
Stay informed to stay compliant!
MOLD SAMPLING TECHNIQUES FOR PROPERTY OWNERS
If you're a property owner, mold growth can be a serious concern. Mold inspectors use techniques to confirm and identify mold growth:
Tape and Swab Samples: Taken from visible mold sources, these offer the most conclusive results.
Air Samples: Used when mold is suspected but not visible. Air samples are compared to outdoor air to determine mold spore levels.
All samples are sent to a lab for analysis, providing vital information on mold type and levels. Regular mold inspections keep your properties safe and compliant.
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.
