100% Of Rent Owed Will Be Paid To Rental Housing Owners Thanks To Governor Newsom’s New Plan

GoldenWest Management


May 13, 2021

Could the financial struggle of rental housing owners in California soon be over?

Thanks to a recently announced plan by Governor Gavin Newsom, the answer may be yes.

The Governor hopes to end the financial struggle of rental property owners in California, especially those who have been sheltering tenants without being paid rent, by paying 100% of the back rent that’s owed them.

This announcement was welcome news to rental property owners because many have been providing housing to tenants who have paid little to no rent for most of the last 12 months.

Under the Governor’s plan, the State of California is going to use $2.6 billion in rental assistance from the Federal Government to help get landlords in California get back on track financially.

How Will The Money Be Spent?

Besides paying money to landlords that will help them to catch up financially from all rental arrears that are attributable to the Pandemic, the money will also be spent to pay a landlord’s past due utility and water bills as well.

If the Governor’s plan is successful, likely, landlords will not have to accept 80% of the rent owed, while forgiving 20% of a tenant's back rent because, under the new plan, a landlord is going to be paid 100% of what’s owed them.

Funds Will Be Distributed As Quickly As Possible

Once the rental assistance money is in the hands of state officials, the goal is to distribute that money as quickly as possible to landlords across the State who has been impacted by Covid-19.

This is exciting news for landlords, especially ‘mom and pop’ landlords in California who has been struggling financially as the eviction moratorium has been extended.

As we get closer to the start of summer 2021, it’s likely, landlords in California will be back on track financially, and the state isn’t stopping there because officials overseeing the distribution of the rental assistance money also have a goal to distribute more money to COVID-19 impacted renters as well.

Contact GoldenWest Management

At GoldenWest Management, you can count on us to rent your investment property for top dollar while providing your tenants with excellent service and support.  

To learn more about the property management services that we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online. 



Hello, I'm
GoldenWest Management
Connect With Me
GoldenWest Management

Your Neighborhood Property Managers

Rent It Like You Mean It

Contact GoldenWestContact GoldenWest

GoldenWest Management

(951) 833-4162


864 Grand Ave. #315

San Diego, CA 92109

Contact Us To Unlock Full Website

GoldenWest Management

(866) 545-5303


8560 S. Eastern Ave. #110

Las Vegas, NV 89123

Rent It Like You Mean It

Let's Work Together

Complete the form below and we will reach out right away to connect about all of your Real Estate needs!

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.


Your information has been received.

We will be in touch with you shortly. We appreciate your patience and look forward to connecting with you!

x out