If you own rental units or are thinking of buying them in the unincorporated areas of LA County, listen up:
On Tuesday, Sept. 11th the Los Angeles County Board of Supervisors voted to place an emergency moratorium on rent increases in areas of Los Angeles County that are unincorporated. In our region, that would include places like parts of La Crescenta, most of Altadena, North East Pasadena and other areas that do not have a ‘city’ government.
A simple way to think about this is if the Sheriffs are patrolling there, it is probably unincorporated.
-The action creates a 6 month period for the Supervisors to create a longer term plan, that needs to be voted on.
-During the next 6 months, annual rent increases are capped at 3% AND they have a new set of rules about evictions.
-Applies only to multi-family buildings built prior to 1995
-Does not apply to single family homes, town homes, or condominiums
Because there are so many moving parts to this and it is a temporary action, there are more questions than answers at this time.
Nancy has been licensed to sell real estate since 1991. This includes sales experience in residential, land and investment properties. Due to her vast experience and expertise in the handling of complicated real estate transaction, she as the chosen as the Official Real Estate Sponsor of the Pasadena Bar Association for 5 years.
Nancy approaches each home sale as a new work that will be given a glorious Premiere! The staging, set design, and presentation all result in her listings being the “buzz” all over town. Nancy harnesses the power of the Internet to give her listings a competitive edge. She sees the Web as the most valuable way to respond to the constantly changing real estate climate. Nancy has the experience, knowledge and flexibility to harness the power of the Web in real estate transactions to get her sellers’ properties the best exposure, worldwide.
Like most people in this field, Nancy had another career before entering real estate. After graduating from Northwestern University School of Music, she attended the Juilliard School. Nancy went to Europe for the summer to continue her vocal training and stayed for 12 years! She sang professionally as a lyric soprano soloist in Austria, Switzerland, and Germany. Nancy is fluent in German and has a very good ear for languages! Her years of living abroad have given her a deep understanding of Buyers and Sellers from varying cultures and traditions. This experience is a valuable tool in understanding client needs and translates into a superb skill in negotiating on behalf of her clients. The experience of living in Europe as well as recent trips to visit family in Asia, she has a deep understanding of varying architectural and decorating styles.