A new statewide rent control law went into effect for California in 2020, and it’s called the Tenant Protection Act or AB1482. There’s more involved than just rent control, and if you’re feeling overwhelmed and confused about what this new law means for you and your rental properties in San Diego – you’re not alone. As we implement and execute these new regulations, there are bound to be questions that can only be decided in court.
At Mercer Properties, we’ve been leasing and managing homes in the San Diego area for more than 30 years. This experience has taught us a lot about how to effectively advertise a rental property. You might have the best rental property on the market, but if no one knows about it, that great property will remain unoccupied, and you won’t earn any money on it.
A real estate concept that you may not be aware of is called active participation. This allows someone to deduct up to $25,000 of rental real estate losses when they meet certain criteria.