AB 1482 in Walnut Creek: What Multifamily Owners Need to Know

AB 1482 in Walnut Creek: What Multifamily Owners Need to Know

California's AB 1482, also known as the Tenant Protection Act, affects how multifamily owners manage rent increases and tenancy terminations. Whether the law applies to a particular Walnut Creek rental depends on several factors, and mistakes can lead to disputes, penalties and unexpected costs. This guide from Castle Management provides a general overview of how to evaluate whether AB 1482 applies to your property. It is not legal advice. Because tenant protection laws are detailed and subject to change, consult a qualified attorney abou…

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Commercial Lease vs Residential Lease: Key Differences for Mixed-Use Owners

Commercial Lease vs Residential Lease: Key Differences for Mixed-Use Owners

A mixed-use building can be an attractive investment, combining ground-floor shops or offices with apartments above. However, managing both commercial and residential spaces requires a different approach than managing a single-use property. This from Castle Management guide explains the key differences between commercial and residential leases and what they mean for new mixed-use property owners in the East Bay and Walnut Creek area. It is intended for general education, not legal advice. Use it to prepare for discussions with a qualifie…

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Inherited a Duplex or Fourplex? Your First 30 Days as a Multifamily Owner

Inherited a Duplex or Fourplex? Your First 30 Days as a Multifamily Owner

If you inherited a duplex or fourplex with tenants in place, spend your first 30 days on three things: switch the insurance to a landlord or multifamily policy, collect every lease and deposit record, and confirm who holds each security deposit. The tenants' leases came with the building, so you can't rewrite them. You can only run them. Castle Management has managed East Bay income property since 1986, and this is the order we'd work in for an heir who never planned to be a landlord. Learn How We Can Help You Maximize Your Investmen…

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Concord, CA Rent Rules for Multifamily Owners: Rent Caps, Just Cause, and Local Requirements

Concord, CA Rent Rules for Multifamily Owners: Rent Caps, Just Cause, and Local Requirements

Concord apartment owners answer to two sets of rules. California's Tenant Protection Act (AB 1482) caps annual increases at 5% plus CPI, with a 10% ceiling, on covered buildings older than 15 years. Concord adds its own Residential Tenant Protection Program: rent stabilization, just cause for eviction, and an annual Rent Registry. Castle Management has managed East Bay income property since 1986, and this is how the rules stack up for a Concord building. Learn How We Can Help You Maximize Your Investment’s Potential! Contact Us 925-…

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Leasing-Only vs Full-Service Property Management in the Bay Area

Leasing-Only vs Full-Service Property Management in the Bay Area

An owner with one condo in Walnut Creek has different needs than a partnership with a 40-unit building in Concord. That’s why leasing-only and full-service property management are different services, not simply two pricing tiers. Leasing-only helps you find a tenant. Full-service management handles the asset after the lease is signed. At Castle Management , we’ve managed East Bay income properties since 1986, while our parent company, Castle Companies, has been building in the Bay Area since 1966. We regularly work with both individual owner…

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