Just weeks after Los Angeles voters backed a new measure that puts a one-time transfer tax on property sales above $5 million (to generate money for affordable housing and homelessness prevention), the city’s affluent homeowners are already exploring potential ways of avoiding the tax. Known as Measure ULA (for “United to House LA”) the ordinance…
DetailsApartment hunting can be challenging for electric vehicle owners since they see charging stations as a necessity, not an amenity, in the community. Electric vehicle charging stations, and other next-gen amenities, can be effective tools for marketing a property, but only if used effectively. The landscape of property management and ownership is expected to undergo…
DetailsOn September 13, Governor Newsom signed into law AB 2559, a bill sponsored by Assemblyman Chris Ward, “to standardize reusable screening reports (RTSR) for rental applicants that can be used multiple times within a 30-day window.” Their purpose is to reduce a tenant’s cumulative financial burden of rental application screening fees, which may be as…
DetailsComing Next Month! The FREE “Million Dollar” Trade Sholl want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month. The big show will be held on Wednesday, April 19 at the Los Angeles Convention Center in West Hall A! You’ll meet vendors galore with new products…
DetailsOne of the many benefits to owning rental property, and a key to running a profitable investment is the deductions. The deductions include expenses related to buying, maintaining, and managing the property. As a real estate agent, I’m not licensed to give tax or legal advice. This article is meant to be a helpful aid…
DetailsThis is part one in a series shining a light on the landlords of Alameda County who are being hurt by this unconstitutional ban. John Williams has a simple dream: selling his rental property in the Bay Area and opening a small flower shop in Savannah, Georgia. For years, it was just a hypothetical fantasy,…
DetailsIn the Great Recession, millions of borrowers with weak credit and little reserves had loans with high rates. In a horrifying spiral, many lost their jobs and then their homes or fourplexes. The market was flooded with foreclosures and short sales. My friends, clients, and competitors bought local homes at massive discounts. They expected values…
DetailsBelow are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: As always, any update on the lawsuits against the eviction moratoriums in Oakland and Alameda County? Answer 1: In the City of Alameda’s lawsuit against the Alameda County moratorium (City of Alameda…
DetailsDecember has delivered a powerful punch of storms to California. But the wet weather comes with a dry dose of reality: The state’s largest reservoirs remain badly depleted, projected water deliveries are low, wells are drying up, and the Colorado River’s water, already diminished by a megadrought, is severely overallocated. Throughout California, urban water managers…
DetailsThere are a number of potential benefits associated with exchanging into a Delaware Statutory Trust (DST) 1031 property. However, it is important to note that these potential benefits should also always be carefully weighed with the potential risks that are possible with DST investments, and as with all real estate investments, investors should consult their…
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