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Five Minute Friday #51: Extension of California's Eviction Moratorium Through June 30, 2021

By Bob Preston Thursday, January 28, 2021

On January 28, 2021, California Governor Gavin Newsom extended the state's eviction moratorium through June 30, 2021, by signing legistlation enacting the new SB 91.

In this FMF, Bob Preston does his best to review key elements of SB 91 which combines with the previously passes AB 3088 to provide tenants with rent cap and eviction protections.

Pauses evictions for tenants with an inability to pay all or part of rent due to COVID-19 financial distress.
Establishes a State Rental Assistance Program, allocating $2.6 billion in federal rental assistance to be received by California.
The program will aid tenants most at risk with unpaid rent but will also assist eligible property owners with 80 percent rent reimbursement for amounts owed to them within defined dates.
Prohibits landlords from selling or assigning rental debt to other creditors.
Prohibits landlords from using COVID-19 financial distress as a negative factor in screening rental applications.

View the Full State of California Press Release

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Author

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Bob Preston

President & Broker

Bob Preston is the lead consultant and creator of Property Management Brainstorm, founded to specialize in guidance for teams building property management companies and real estate investment strategies. Bob is a nationally known figure in the property management industry with over 20 years of experience in building and growing property management companies. He was the founder and broker/owner of San Diego's leading and property management company, North County Property Group, before successf...

Bob Preston is the lead consultant and creator of Property Management Brainstorm, founded to specialize in guidance for teams building property management companies and real estate investment strategies. Bob is a nationally known figure in the property management industry with over 20 years of experience in building and growing property management companies. He was the founder and broker/owner of San Diego's leading and property management company, North County Property Group, before successfully negotiating the sale of the business to PURE Property Management in 2022. He then remained with PURE as Western Regional Director, during a period of explosive growth for the company, overseeing operations for 28 branch office locations and over 12,000 doors. More recently, Bob has decided to focus on his consulting business, Property Management Brainstorm, to help others succeed in this dynamic and exciting industry.

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