Important Update on Substantial Improvement Rules #realestate #propertyinvestment #renovation
🏢 Attention Southern California Multifamily Investors! 🏢
🚨 Important Update on Substantial Improvement Rules 🚨
Starting April 1, 2024, California has new regulations for multifamily property improvements. 🛠️ Here’s what you need to know:
🔸 Old Rules: 60-day notice + return last month’s rent + security deposit.
🔸 New Rules: 60-day notice + pulled permits for work + detailed scope of work explaining why it takes over 30 days.
⚠️ Why It Matters: These changes make the process more complex, so stay informed to maximize your property value and rental income.
👉 Example: We’re currently working on a project that started before the new rules, so we’re sharing our experience and tips to help you navigate these changes smoothly.
🎥 Watch the full video on our YouTube channel for an in-depth guide and more valuable insights!
Contact:
Kris German
The Apartment Dealer
(626) 427-0786
#MultifamilyInvesting #SouthernCaliforniaRealEstate #PropertyImprovement #LandlordTips #ApartmentRehab #RealEstateInvesting #InvestSmart #PropertyManagement
via YouTube