Protect Your Property Values and Rights as a Housing Provider - Vote No on Prop 33

The Azucena Group of Marcus & Millichap is urging real estate investors to VOTE NO on Prop 33. This proposition aims to dismantle the Costa-Hawkins Act by granting local governments authority to impose rent control on all housing types and restrict an owners' ability to raise rents for new tenants. Such changes could significantly impact your ability to maintain control over the rental income and management of your investment. Prop 33 would also add an additional layer of bureaucracy that will make it harder for property owners to make timely decisions about their investments.

How Prop 33 will Impact Your Investments

• Cities and counties can control your rents for any housing type.

• Governments can limit rent increases for new tenants.

• Prevents the state from limiting local rent control leading to radical rent controls in certain municipalities.

• Apartments would become a less desirable asset class and income would remain stagnant leading to loss of value.

• Landlords would invest less in renovations leading to deteriorating neighborhoods.

REMEMBER TO VOTE THIS ELECTION! You have until November 5, 2024, to make your voice heard and ensure Prop 33 doesn't pass. You can vote by mail or head to the polls on Election Day.