How much can I raise my rents?

In Southern California, the best answer is “It depends”. The statewide rent control (AB 1482) which took effect in January of 2020 allows for an annual rent raise of 5% plus cost of living based on The California consumer price index. In the city of Los Angeles and the unincorporated Los Angeles county areas, there is a moratorium on all rent increases.

If you are in Los Angeles, Orange Riverside or San Bernardino Counties, the 5% plus CPI (3.6%) will allow for an 8.6% increase. In incorporated cities in LA County, check with your municipality, but if there is a special restriction (West Hollywood, for instance), no increase is allowed.

Always check with your municipality, the Apartment Owners Association and your own legal counsel to verify the current situation, as it is subject to change. If you ARE able to increase rents, make sure you have the most up to date forms and you serve as required by law with the proper amount of time given before the new rent takes effect.

Make sure you are getting all you are entitled to If you miss a year, you can’t do a double increase the following year, so that money is lost. This can affect your income and property value. PRS PROPERTIES can help you with a rent survey to give you an idea of the current market rents for your property. We can also let you know what your building is worth.