- True Property

?? January Rent Report, Relief Efforts & 2025 Legal Changes: What You Need to Know!

?? Support Wildfire Victims Join us in making a difference through donations and offering your vacation rentals to families in need. Together, we can help our community rebuild.

?? January Rent Trends Californias rental market shows mixed trends, with some cities experiencing rent drops while others see increases. Stay informed on where to find affordable options and opportunities.

?? Stay Ahead of 2025s Real Estate Changes Major regulatory updates are coming! Learn about new rules on tenant screening, move-in documentation, and small business tenant protections to stay compliant and ahead of the curve.

?? Relief Efforts & Housing Support ??

This month, were focusing on wildfire relief efforts and housing opportunities for those in need. Heres how you can make a difference:

?? Relief Donation Drive Support wildfire victims by donating essential items (excluding clothing). Drop off your contributions at our Newport Beach locations from 10 AM 4 PM daily.

??? Vacation Rentals for Relief Have a vacation rental or vacancy? Offer a safe and comfortable space for displaced families. Your home could provide much-needed stability during this challenging time.

?? Donation Drop-Off Locations:
2919 Newport Blvd, Newport Beach
840 Newport Center Dr., Ste 160 (Equity Title Suite), Newport Beach, CA 92660

Our team, led by Allie Poore, is committed to delivering these donations directly to those in need. Lets come together to support, shelter, and uplift our community! ??

?? Donate or List Your Rental Today!

?? January Rent Report: California’s Rental Market Trends ??

As of January 2025, California’s rental market continues to exhibit mixed trends across its major cities. While some areas have seen slight declines, others are experiencing increases, reflecting the state’s diverse economic landscape.

Statewide Overview

The median rent price in California for January 2025 is $2,753, which is $47 less than in January 2024.

zillow.com

City-Specific Trends

Los Angeles: The average rent decreased by 0.6% last month, bringing the median rent for a one-bedroom apartment to $1,843.
apartmentlist.com
Santa Monica: The overall median rent is $2,449 per month, reflecting a 1.5% year-over-year decrease.
smdp.com

National Context

Nationally, January saw a 0.2% decrease in rent prices, continuing the rental market’s off-season into the start of 2025. Year-over-year growth remains negative at -0.5%, but is slowly approaching positive territory.

apartmentlist.com

Implications for Renters and Property Owners

These trends suggest a stabilizing rental market in California, with slight declines in some areas and modest increases in others. Renters may find more favorable conditions in cities experiencing decreases, while property owners should stay informed about local market dynamics to make strategic decisions.

For those seeking opportunities in this evolving market, True Property Management is here to assist you in navigating these changes effectively. ??

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?? Stay Ahead of 2025s Real Estate Changes! ??

California is rolling out major real estate regulations in 2025, bringing new rules on tenant screening fees, mandatory photo documentation, and protections for small businesses. These updates aim to promote transparency and fairness but also introduce new responsibilities for property managers and rental property owners (RPOs).

?? AB 2493 Tenant Screening Fee Rules: Refunds required for unselected applicants unless criteria are met; no fees unless a unit is available.
?? AB 2801 Move-In/Move-Out Photo Documentation: Mandatory photos at tenancy start, move-out, and post-repairs to prevent disputes.
?? SB 1103 Small Business Tenant Protections: Extended lease protections, notice requirements, and translation mandates.

Understanding these changes is crucial for compliance. Let True Property Management guide you through these updates with ease! ??

Vacation Rentals

1926 W Oceanfront, Newport Beach

Summer is around the corner and there are three Vacation Units Available – Book A, B, or C now! Use the link below!

Book Now

2812 1/2 Oceanfront, Newport Beach

This three bedroom, 2 bath upper unit is in a prime location! Located on the boardwalk and close to shops and restaurants! Very spacious living area and plenty of room for guests. Linens are not provided. No smoking. Call rental office for pet policy. 10% city tax and $1000 security deposit apply to all reservations. A cleaning fee and a booking fee will be deducted from the security deposit. This property rents for 9 months during the off season, call the rental office for details. This is a Friday to Friday rental during summer months. No Air-Conditioner, but fans are provided as well as the ocean breeze!

Book Now