Property Management Blog

Blog Post Insurance Commissioner Implements Protections for California Homeowners Affected by Wildfires
By Legacy Property Management - Thursday, August 15, 2024

Insurance Commissioner Implements Protections for California Homeowners Affected by Wildfires

As of August 8, 2024, Insurance Commissioner Ricardo Lara has enacted a critical one-year moratorium aimed at protecting over 185,000 California homeowners from insurance cancellations and non-renewals due to recent wildfire emergencies. This order is a significant step in safeg...
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Blog Post Reminder: New Rent Caps in Effect Under AB 1482
By Legacy Property Management - Thursday, August 8, 2024

Reminder: New Rent Caps in Effect Under AB 1482

As of August 1, 2024, the updated rent caps under AB 1482, the California Tenant Protection Act of 2019, are now in effect. These new limits, based on the latest Consumer Price Index (CPI) figures for all California counties, will govern how much landlords can increase rents ove...
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Blog Post The 15 Most Expensive Housing Markets in the U.S.: Real Estate with the Highest Average Home Prices
By Legacy Property Management - Thursday, August 1, 2024

The 15 Most Expensive Housing Markets in the U.S.: Real Estate with the Highest Average Home Prices

The most expensive housing markets in the U.S. have average home prices that are almost three times the national average.Home prices may have peaked in the summer of 2022, but the most expensive housing markets in the U.S. remain shockingly high.The S&P CoreLogic Case-Shiller U....
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Blog Post The Best and Worst Times to Sell or Buy a House in 2024
By Legacy Property Management - Wednesday, July 24, 2024

The Best and Worst Times to Sell or Buy a House in 2024

One of the most common questions in real estate is: When is the best and worst time to sell or buy a house? The answer is complex, influenced by location, market conditions, personal preferences, and goals. However, there are general trends and patterns that can guide you in mak...
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Blog Post Navigating Insurance Challenges in Sacramento
By Legacy Property Management - Wednesday, July 17, 2024

Navigating Insurance Challenges in Sacramento

California’s rental housing owners are facing unprecedented insurance challenges due to significant shifts in the insurance market. These changes include reduced availability of insurance options and increased premiums. According to the California Apartment Association (CAA), ...
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Blog Post Top 10 Reasons Homeowners in Sacramento Love Our Property Management Service
By Legacy Property Management - Wednesday, July 10, 2024

Top 10 Reasons Homeowners in Sacramento Love Our Property Management Service

Owning a rental property can be a rewarding investment, but managing it can come with its own set of challenges. At Real Property Management Select, we pride ourselves on offering services that alleviate these challenges and enhance the homeowner experience. Here are the top 10 ...
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Blog Post New Law Limiting Security Deposits in Effect as of July 1, 2024, Sacramento
By Legacy Property Management - Thursday, July 4, 2024

New Law Limiting Security Deposits in Effect as of July 1, 2024, Sacramento

As of today, July 1, a new California law limiting security deposits to one month’s rent for both furnished and unfurnished units is now in effect. According to Mike Nemeth, Marketing and Communications Director for the California Apartment Association (CAA), this legislation,...
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Blog Post Bill Won’t Require Small Landlords to Accept Pets in Sacramento
By Legacy Property Management - Wednesday, June 19, 2024

Bill Won’t Require Small Landlords to Accept Pets in Sacramento

A recent legislative effort aimed at eliminating no-pet policies in rental housing will be amended to exempt smaller buildings, following advocacy by the California Apartment Association.Assembly Bill 2216: Key Provisions and AmendmentsAssemblyman Matt Haney’s Assembly Bill 22...
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Blog Post Can the Landlord Enter a Unit for an Inspection in Sacramento? Understanding California Law
By Legacy Property Management - Wednesday, June 12, 2024

Can the Landlord Enter a Unit for an Inspection in Sacramento? Understanding California Law

Question: Are Semi-Annual General Inspections of the Unit Allowed with Proper Notice?In Sacramento, California, the laws surrounding a landlord’s right to enter a rental unit are quite stringent. According to California Civil Code section 1954, the reasons a landlord may enter...
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Blog Post California Rental Market Bucks National Trend with Declines in Major Cities
By Legacy Property Management - Wednesday, June 5, 2024

California Rental Market Bucks National Trend with Declines in Major Cities

As rental prices across the United States continue to rise, with the national rent index for one and two-bedroom units increasing by 1.2% in May 2024, California’s largest cities are experiencing a different trend. According to a recent report by the rental platform Zumper, se...
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