Prop 33 Unpacked: What California Property Owners Need to Know

In this episode of Property Pro Tips: Straight From the Pros, we’re joined by Tom Bannon, CEO of the California Apartment Association, as he breaks down the critical implications of Proposition 33 on California’s rental market. Tom explores the history of rent control, the concept of vacancy decontrol, and how Prop 33 could expand local government powers over single-family homes and smaller property owners.

Drawing on real-life examples from cities like New York and St. Paul, Tom highlights the unintended economic effects of rent control policies and offers a comparative look at their impact on housing markets. He also shares actionable steps for property owners and managers to take to oppose Prop 33. Wrapping up with a rapid-fire Q&A, Tom leaves us with a clear call to action for Californians: vote no on Prop 33.