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Understanding Los Angeles Rent Control: What Property Managers Need to Know

Los Angeles’ rent control policy has been in the headlines recently, fueled by the first major overhaul of the ordinance in 40 years. Though rent control is a key aspect of being a property owner and landlord in the region, the city council’s decision concurs with the Housing and Homelessness committee’s findings that “extraordinary” increases

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HOA balance sheet

The Difference Between Operating Funds and Reserve Funds

Homeowners Association Boards (HOAs) have a fiduciary responsibility to make decisions that are in the best interests of their homeowners. They act on behalf of the association, must put the community’s needs first, and always act in good faith. Operating funds and reserve funds are equally crucial to the community’s health, and the HOA board

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