My policy when governments pass such legislation is "business as usual".

Legislation will play a big role moving forward for both residential and commercial properties. 

In light of all the recent threads about COVID-19, worrying about tenants not being able to pay rent, legislation that seems to screw over landlords month after month, and ethical dilemmas about where it is our obligation as landlords (or God's children) to cover the bills of tenants because of (fill in the blank)Cash flow is for poor investors or investors that are poor (Apologize in advance to the BP / GRE / Turnkey advertisers)Let me introduce to you a concept that is not often talk about, and probably frowned upon over the last 11 year bull market:Big A** Mortgage (BAM)Things most investors foolishly ignore..- Historic rent growth- Historic appreciation rate.- NOI per square foot- Operating expenses per sf- Capex per sfCash flow is for poor investors or investors that are poor.If you need or hoped for cash flow to pay your cable bill then you probably should not be investing in real estate.

BP is a GREAT resource.Still, it needs to be "married" with a source of education (I'm partial to Renatus, myself) so folks can have access to true experts who donate their time away from their own profitable businesses to keep students apprised of changes in policies, legislation, etc. at both the local and national levels, while at the same time having those educational resources organized into profession-specific areas like fix-and-flip, buy-and-hold, short term rentals (a.k.a.

Why not just show the landlord the legislation and take a stand?

It's best to stay away from this, except where a path to both meeting code and legalization may exist (for example, California's ADU legislation under which unpermitted garage conversions, units permitted as rec rooms, unpermitted additions, etc can become legal residential units once building code and some limited zoning requirements are met).The tricky part is to understand when zoning and building codes interact, i.e. when required renovations to bring a property up to code trigger the loss of legal nonconforming status.

That right is usually held by the legislative branch exclusively.

Sorry, Nancy Pelosi can't legislate natural selection away kids.... 

There just wasn’t enough info in your post to know if any of those might apply.Here’s a couple links where you can read more about this new law:https://a17.asmdc.org/issue/ab-1482-frequently-asked-questionshttps://cal-rha.org/legislative/ab-1482/

As we began to print more money, interests rate decrease and more liquidity is introduced through legislated stimulus packages, people will have more money and rents as well as property values will increase.