If you're in Commercial Real Estate; whether you are an investor, a broker, a lender, whatever it may be, you have heard about the AB1482 Bill, A.K.A...California Rent Control.
In this Episode of Value Add With K&K, we break down the truth behind the bill being passed and how it will not only affect investors/owners, but the tenants as well.
That is right! Tenants once believing that having Rent control will benefit them, well if you were a tenant living under the radar and not having a yearly rent increase, chances are that the next time you sign on that lease, you will be getting a rent increase because now it is law...guess not many people read the fine print of the bill.
We also answer the question that we get a lot from friends and clients..."What are K&K going to do when Rent Control passes?"...uhmmmm the same thing we have been doing day in and day out and engraving into everyone. We are going to continue investing into properties.
*We break down what the AB1482 Bill is.
*Answer when rents can be adjusted to market value.
*The type of properties that will be affected.
*Any type of exceptions.
*Eviction
*How it will effect property values.
*How it can impact you as an investor
*Disadvantages to value add properties
...and further questions you may have.
If you have any other questions, feel free to reach out to us through comments, direct message, email or phone!
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