Your “Estate”, meaning your assets and family matters are not static. They are dynamic with activity and changes. Your Estate plans should be dynamic as well. A well-constructed estate plan is one that not only directs your estate’s distribution after death, but one that works for you during your lifetime. Create a Will The first…
Dear AOA: As a property owner of a small apartment building, the maximum 3% increase fails to keep up with annualized operational cost to maintain any kind of income property. Please don’t leave this to guess work that 3% should be enough for us to keep with the cost of providing proper maintenance, trash and…
Below are questions asked by rental property owners regarding California property management, followed by answers provided by the law firm of Simone and Blevins By Franco Simone, Esq. and Lera Blevins, Esq. Question One: I served my residential tenant with a 60-day notice to quit. He called me during the notice period to tell me…
The Tax Cuts and Jobs Act (TCJA) of 2017 ushered in groundbreaking changes to the federal estate and gift tax system, creating a unique opportunity for savvy investors to preserve wealth. A pivotal highlight was the dramatic increase in the lifetime exemption amount—from $5.6 million for individuals to $11.18 million for couples, adjusted for inflation.…
What Trump’s Economic Policies Mean for You By Henry Rohlfs, Forecasts and Trends In a recent edition of Forecasts & Trends, I mentioned a report by the Committee for a Responsible Federal Budget that projected Trump economic proposals would increase the national debt by as much as $8 trillion over four years. Today we’ll look at a different…
We encourage you to seize this exceptional opportunity to expand your knowledge, network with industry experts, and discover strategies that can transform your approach to property management. Spaces are limited, so ensure your participation by registering in advance. Bring a friend along, and together, let’s embark on a journey of empowerment at the FREE “Bay Area Landlording Power Conference”!…
As housing affordability challenges continue to intensify, a new generation of would-be homeowners is finding it harder than ever to purchase their first property. Faced with soaring home prices and stagnant wages, many millennials and Gen Z individuals are remaining renters for much longer than previous generations. This growing segment of the population, unable to…
There appears to be no limit to the hubris of Gov. Gavin Newsom. While the state continues to suffer from failed progressive policies that hemorrhage productive citizens and businesses leaving California, Newsom is laser-focused on being the most prominent figure of the Trump resistance. Just two days after Donald Trump’s victory for the nation’s highest…
Property management CEOs have been faced with increased operating expenses that include annual wage increases in the five percent to seven percent range, in addition to increased health insurance and annual bonuses paid to keep existing experienced staff. If you include new taxes on gross income, new laws that increase wages and benefits for employees…
Happy New Year everyone! Please use the below as a suggested guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year. Our goal is your continued success! NEW 2025 RESIDENT MANAGER LAWS: For your protection, you should have a written, legal Resident Manager’s agreement containing all of the…