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State Rent Caps Have Landlords Considering Whether Or Not To Raise Rent... Now




Governor Gavin Newsom (R) and San Francisco mayor London Breed (L) look on as they visit the Alice Griffith Apartments on August 22, 2018 in San Francisco, California.
Governor Gavin Newsom (R) and San Francisco mayor London Breed (L) look on as they visit the Alice Griffith Apartments on August 22, 2018 in San Francisco, California.
Justin Sullivan/Getty Images

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Governor Gavin Newsom is expected to sign Assembly Bill 1482 into law, which will enforce a 5 percent rent cap and expand “just cause” eviction policies for the state. How are landlords reacting?

The bill was introduced as a way to help alleviate growing concerns of housing affordability in California. But how property owners decide to respond to the bill may determine whether or not it will be effective at providing greater protection for tenants in unaffordable housing markets. Landlords may raise their rent prices to the maximum allowed if they don’t have an option to raise prices in the future. Some are suggesting landlords may get rid of low-paying tenants and hiking up rent prices to get around state rent cap laws. Others see the bill as a non-issue that will not deter landlords from operating business as usual. We’ll talk to what landlords across the Southland are doing in anticipation of the new law.

If you’re a landlord, how do you think this bill will affect you? Do you feel the need to adjust your rental prices according to the state rent caps? Will enforcing a state rent cap help alleviate housing unaffordability in California? Call to tell us what you think at 866-893-5722. 

Guests:

Dan Yukelson, executive director of the Apartment Association of Greater Los Angeles, an organization advocating for multifamily owners, managers, developers and suppliers in the city and county of Los Angeles

Debra Carlton, senior vice president of state public affairs for the California Apartment Association, the state’s largest landlord organization. CAA represents both small (owners of single family rents and small apartment complexes) as well as the largest apartment builders and owners in the state. 



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