As your market leader in Long Beach fourplexes, we are tracking statistics, trends, and important information affecting Long Beach 4-plexes. In this 2020 Quarter 1 Market Update, we will discuss:
- COVID-19 Rent Collection
- Increased Long Beach 4-plex Inventory
- Market Response to COVID-19
- Rent Repayment Forms for Owners
With California in the midst of a housing crisis, the State has taken several steps to encourage the creation of housing through the passage of several bills such as California Senate Bill 1069 and Assembly Bill 2299. More specifically, these bills allow property owners to build Accessory Dwelling Units, also known as ADUs. Here is everything you need to know about ADUs.
Statewide rent control is here. Many owners are unaware of the new rent control law, what it entails, and how it affects their property values and management methods. For buyers, this new law will change the way that they forecast future rents and initial investment. This information and these resources are extremely important for all owners and investors to understand.