Investing in San Diego is a great idea, and there are plenty of opportunities in the residential real estate market. You’ll find there are single-family homes in established neighborhoods as well as newer, HOA neighborhoods, and multi-family buildings that have two, five, or even more than 100 units. Deciding which type of investment is best for you depends on several factors.
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.
Understanding the difference between tenant damage and normal wear and tear is important when you’re renting out a property in San Diego. According to California law, tenants are responsible for paying for any damage that they cause to a property, but the landlord is required to handle any issues ta are considered normal wear and tear.