|
Dear PSRAR® Newsletter Readers,
THE NEXT COUPLE OF NEWSLETTERS WILL BE "WORKS IN PROGRESS," as the Newsletter is currently being revamped for new and improved content. Over the next couple of weeks, the Newsletter will not have the streamlined LEARN MORE button after each headline, wherein you will click to view the article in its entirety; rather, temporarily in each section, the entire article will be displayed, bringing you weekly updates ranging from MLS and Continuing Education reminders to Special Events and Breaking News. We are confident that you will enjoy the finished product and look forward to your feedback!
Thank You For Your Patience,
Morgan Janney
Newsletter & Website Task Force Chairperson
|
|
|
CAR Tech Summit Link
Which tech tools can top-producing REALTORS® not live without? How do some of the busiest, most successful agents around use technology to boost production? For answers to these questions and more, join C.A.R.’s CEO Joel Singer and a panel of powerhouse, tech-savvy REALTORS® for the next Top Producers virtual event.
Register Now
|
|
|
CalMatters Vaccine Distribution
How will vaccines get into the arms of people in low-income communities? And the 40% allotment also raises questions about whether other Californians will be pushed lower on the priority list — particularly people with high-risk health conditions
Read More
|
|
|
Commercial Discussion Topics
- Calvin Schnure: Commercial real estate and REITs: How do we distinguish the permanent shocks vs transitory shocks from the pandemic?
- Lawrence Yun: Economic Recovery Guaranteed but will Commercial Real Estate follow?
- Gay Cororaton: Opportunities in Multifamily and Office Commercial Real Estate
- Brandon Hardin: A Healthier Retail and Better Industrial
Learn More
|
|
|
|
Meteorologist Patrick Evans of KESQ will host our Bunny Basket Bonanza fundraiser, wherein he will auction off baskets one at a time, filled with gifts, in an attempt to raise money for the Cathedral City Boys & Girls Club.
The baskets will be sponsored by the Real Estate brokerages throughout
Greater Palm Springs, and a very large trophy will be awarded to the brokerage whose basket fetches the highest price. An extravagant ‘Date Night’ themed basket will be created by PSRAR’s Industry Partners that will include everything from a bottle of champagne to a Couples Massage.
Additionally, as this is a fundraiser for the Boys & Girls Club of Cathedral City, we encourage direct donations throughout the months of February and March, 24/7, wherein anyone donating $100 or more will receive a personalized ‘Certificate of Thanks’ from the Boys & Girls.
|
|
|
Past Presidents will Convene Biannually at PSRAR'S Presidents Council!
’Hey Gang, so I made a motion, which was carried, at the January PSRAR® Board of Director's meeting to form a 'Presidents Council' consisting of all active, primary PSRAR® Past Presidents. The current President will always serve as the Council Chairperson, and meetings will be held biannually. In 2021 the meetings are slated for March 31st and September 30th, and the goal is to allow the Past Presidents to weigh in on the Association's current State of Affairs. As past leaders, their spheres of influence are vast, and listening to their input firsthand may provide sage advice to the current leadership team. To the best of my knowledge, among our esteemed Past Presidents who will serve on the 2021 Presidents Council are Karen Joy Tabbah, David Cantwell, Jim Franklin, Scott Lyle, Becky Bowles, Dwayne Carrier, Mary Ellen Hill, Jim Webb, Kevin Stern and John Burge. Have a terrific week, and I’ll see you at the Caravan Meeting tomorrow at 9AM!
James Ronald Whitney
President, PSRAR®
WhitneyJRW@aol.com
|
|
|
|
NEW CA LAW EFFECTIVE JANUARY 1ST, 2021
I received an email from a member asking me about rental restrictions in CID’s...(Common Interest Developments), that includes anything with an HOA. AB 31-82 in civil code 4740, 4741 California Law has been passed and is effective as of 1/1/2021. It prohibits CIDs from having unreasonable rental restrictions...in a nutshell, unreasonable is considered anything more than 30 days. That means that the CC&Rs in some associations need to be changed to comply with the new law. Example: At Sundial, where I live, (a PUD...Planned
Unit Development) the rule was that any rental had to be for 6 months or more...that has to be changed to 30 days or one month. Most likely an Association will need to have a vote of the homeowners to change this rule in the CC&R’s document unless the Board of Directors has in their By-Laws the ability to automatically make changes according to the law. Next week I will be writing about ADU/JADU in Planned Unit Developments, another recent change in the law. You can find this legal change in Civil Code 4751. This new law is not applicable to condos. Do you know how to tell a condo from a PUD? Answer: If the legal description says Lot # it is a PUD. Sundial is a PUD and as such, you are able to obtain FHA financing.
Karen Joy Tabbah, DRE #00407860
Past President PSRAR 2020, 2004 & 1994
Karenjoy@karenjoyproperties.com
|
|
|
|
The Vote Is In!
Measure B passes in Cathedral City! As of Thursday, the count was 4465 in favor of Measure B and 2457 against Measure B. While there are still votes to count, it is almost impossible for Measure B to fail at this point. Measure B will allow the City to enforce Ordinance 842 that bans (ok, in the words of the ordinance “Does not Allow”) rentals of fewer than 28 days in R-1 residential areas, mainly Single-Family Residences. Current STR permitted properties can still do short term rentals until 2023, so for about 2 additional years. It does allow STRs in HOAs that allow it and “home shares” where someone representing the homeowner is there at all times during the rental. This ordinance can be changed at any time by a 3-2 vote of the City Council and does not require a vote by the citizens of Cathedral City. For example, once the Ordinance is effective, the next day the council could vote to ban STRs in an HOA. How does this affect Realtors? For one, a potential buyer should be informed of this restriction on their property before they begin a search in Cathedral City. In addition, there will probably be several hundred properties that come on the market over the next 2 years, as the owners cannot afford to maintain the property without the additional income. While prices probably won’t change much, the number of sales should show a slight increase.
More sales equals more income for us. What happens if a homeowner rents the property short-term anyhow? They could be fined as much as $5.000.00 per day if they operate without a permit, which will not be available. The City will now have to have an enforcement program to track down violators and fine them. Failure to pay the fine could become a lien on the property, affecting a future sale. Where was PSRAR in this? We supported the “No on B” group to protect the property rights of the homeowners. The owners should have the right to rent the property to whomever they want, whenever they want and for any length of time they want. If you are interested in hearing more about our investment in this vote and what went wrong, please feel free to join our LGR Committee meeting Tuesday, March 16th, 2021 at 2:00 PM. The Zoom link is on the PSRAR.org website calendar.
Jim Franklin
GOVERNMENTAL AFFAIRS - DIRECTOR
jim@franklinps.com
|
|
|
|
CATAPULT’S SPRING SEMESTER BEGINS APRIL 7, 2021
The first winter semester of Catapult has been completed and the reviews are in! “Very enjoyable.” “Educational.” “I always take away so much information.” “It was very informative and presented very well!” “Robert gives us a clear and comprehensive understanding to all of the elements of the forms and subject matter being discussed. He welcomes and encourages all participation. Robert is also available before and after the training for any follow-up questions and/or solutions! Good job!”
Catapult is for new licensees, seasoned agent updates, or for anyone needing just a plain old kick in the pants! Look out for the Spring semester of Catapult beginning April 7, 2021. Based on the feedback and suggestions of our participants, some modifications are being made to enhance the content and your experience!
What does it cost? I never thought you’d ask!
MEMBERS: $99
INDIVIDUAL MODULE: $20
NON-MEMBERS: $125
INDIVIDUAL MODULES: $25
This course is available to anyone in the Coachella Valley and beyond! Please feel free to reach out to me at robert@dwellingre.com or amy@psrar.org for more information.
Robert Cipolloni
EDUCATION COMMITTEE CHAIRPERSON
Robert.Cipolloni@CBRealty.com
|
|
|
GLIDE - It isn’t just for PEADs!!!
Did you know Glide is a free member benefit of CAR available to all CAR members? Glide is the simple way to fill out your PEADs and hopefully you have experienced this by now. But Glide.com is a great way to fill out your AVID using your phone or iPad. Easily add photos to your AVID, complete it on-site and even send it for signature from your cellphone. And if you haven’t been sending your Sellers their TDS & SPQ’s through Glide.com, you are missing out! Never get an incomplete Seller disclosure again. The online questionnaire walks your Sellers through a simple Question & Answer session and fills the forms out for them.
Visit glide.com
Its easy, and FREE
Frank Alvarez
MLS COMMITTEE CHAIRPERSON
frank@franksellsps.com
|
|
|
RESALE PROPERTIES AND NEW HOME SALES ARE UP!
Psst-Have You Heard the Latest? Housing Sales are HOT! HOT! HOT! (yep, we've all heard it), and it does apply right now to both New Homes and Resale properties (yea twice for sales agents and realtors!). But what does that mean for continuing this trend? Is there enough product on the market (especially since it takes a while for new homes to be built?)? All will be revealed in future segments in this column, so stay tuned for all the latest gossip (which will actually be more fact than fiction!
Gretchen Guttierrez
CEO DESERT VALLEY BUILDERS ASSOCIATION
GG@TheDVBA.Org
|
|
|
PSRAR Welcomes our New Members
- Eric Cleveland--BHGRE I Leaskou Partners
- John Jacobs BHGRE I Leaskou Partners
- Roberta Albano California Curb Appeal Real
- Edwin Cervantes Redfin
- Maria Roman Realty ONE Group Homelink
- Jonathan Tsai Red Apple Real Estates
Tammy Franklin
MEMBERSHIP COMMITTEE CHAIRPERSON
Tammy@FranklinPS.com
|
|
|
|
|
|
|
