2012 CAA Los Angeles Event Calendar
CAA-LA is once again is once again offering eight exciting events for 2012. CAA-LA events are a great way to network, mingle and support the local Los Angeles rental housing industry.
For the 2012 Event Calendar click here.
For 2012 Sponsorship Opportunities click here.
Advertise with CAA-LA in 2012
CAA-LA's 2012 Media Kit is now available. To learn how to reach the premier property managers and owners in Los Angles County click here.
Congratulations to 2011 Signature Award Winners
On Tuesday, December 6th, nearly 400 guests enjoyed a festive evening to honor the best in the Los Angeles rental housing industry at the Pacific Design Center in West Hollywood. Congratulations to all the 2011 Signature Award Winners:
Downtown Property of the Year: Canvas LA
West Los Angeles Property of the Year: Archstone Marina del Rey
Mid City Property of the Year: 7950 West Sunset
West San Fernando Valley Property of the Year: The Pointe at Warner Center
East San Fernando Valley Property of the Year: Avalon Glendale
South Bay Property of the Year: Pacific Place
Property of the Year: 100 Units or Less: Blue Beverly Hills
Best Restoration/Rehab: Roosevelt Lofts
Best New Construction: Reveal
Best Marketing Department: Archstone
Volunteer of the Year: Michael Farahnik, Starpoint Properties
Industry Partner of the Year: North Star Moving
CAA Introduces New Outreach Booklet: Rental Housing: A Smart Choice for Californians
CAA has created a new easy to use booklet called “Rental Housing: A Smart Choice for Californians”.
The booklet focuses on the many advantages of renting for Californians including :
• Renting provides residents with flexibility and mobility.
• Renting makes life easier as renters are free of maintenance responsibilities.
• Renting makes financial sense as renters do not have to pay homeowners insurance or property taxes.
• Renting reduces financial risk and worry of selling a home upon moving.
The booklet is designed for you to share with prospective renters in your leasing offices or community rooms. Download the booklet by clicking here.
CAA will also deliver the booklet to State and City elected officials along with decision makers to advocate for rental housing in California.
City of Los Angeles Rent Stabilization Update
The City of Los Angeles Housing Department (LAHD) has released their January 2012 update with changes that went into effect on January 1, 2012. To read more click here.
Letter from LAHD Regarding 2012 Annual Bill
The Los Angeles Housing Department (LAHD) is reminding all multi-family rental property owners in the City of Los Angeles of the annual fees that are due each year for rental unit(s) at your rental property as there have been some important changes that impact the 2012 Annual Bill. As the payment deadline for these fees approaches, it is important that you understand what your obligations and requirements are, under the Los Angeles Municipal Code (LAMC), so that you can continue to collect rental income from your property, and avoid any penalties. To read more about the new LAHD annual fees for the RSO and SCEP, as well as additional changes due to the Ordinance amendments and frequently asked questions click here.
2012 Economic Forecast Booklet Now Available
The California Apartment Association, Los Angeles Division (CAA-LA) is pleased to present our 2012 Economic Forecast booklet with analysis from leading Los Angeles economic, business and political leaders.
To download the CAA-LA 2012 Economic Forecast booklet click here.
To view a presentation by Gerd-Ulf Krueger with Housing Econ click here.
To view a presentation by Jay Parsons with MPF Research click here.
Annual Rent Increase for LA Rent Controlled Units
The annual rent increase for units subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) will be 3% effective July 1, 2011. For more information click here.
Santa Monica Rent Control Board Approves 3.2% Rent Increase
Earlier this year, the Santa Monica Rent Control Board approved a 2011 General Adjustment of 3.2%, with a $52 ceiling. This means that tenants’ Maximum Allowable Rent (MAR) may go up by either 3.2% or $52, whichever is lower. This is the amount by which MAR will be adjusted; owners are not required to increase actual rents. Low-income tenants who are over 62 or are disabled may apply for a waiver of monthly registration fees, which can lower total monthly rent payments by $13 per month. For more information click here.
LA City Council Rejects 50/50 Split of SCEP Fees
The LA City Council rejected the proposal on Tuesday, October 25th to split the Systematic Code Enforcement Program (SCEP) fees between tenants and landlords. Thank you to those who attended the hearing, wrote e-mails and made phone calls to your elected officials.
Councilmember Richard Alarcon introduced a motion (seconded by Councilmember Ed Reyes) that would have requested that the SCEP fees be shared by the property owner and resident. Currently, rental housing owners are allowed to pass through 100% of the SCEP fee to their residents.
Alarcon’s motion failed on an 8-5 vote:
No: Cardenas, Englander, Krekorian, Parks, Perry, Rosendahl, Wesson, Zine
Yes: Huizar, Koretz, Garcetti, Reyes and Alarcon
The Council also approved increases to the Rent Stabilization Program (RSO) Fee to $24.51 per unit annually and an increase to the SCEP fee to $43.32 per unit annually. Both increases go into effect on January 1, 2012.
CAA-LA Advocates on City of LA Multifamily Waste Franchising Issue
The Los Angeles City Bureau of Sanitation is proposing a franchise system for waste haulers who want to provide waste services to multifamily housing buildings in Los Angeles. While the proposal is still in draft form, early indications show that the department will possibly propose dividing the city into six waste sheds and allowing up to five haulers to serve each waste shed. The city would additionally require that haulers provide recycling services to multifamily buildings.
CAA-LA has voiced concerns that the proposal, as presented, could result in higher fees and a loss of hauler relationships that our members currently have which result in volume discounts. At public meetings, CAA-LA has expressed concerns regarding the proposed franchise system, especially as it pertains to limiting competition, increasing costs and difficulties with providing recycling services. CAA-LA will keep you informed as this issue moves forward. |