Below are questions asked by rental property owners regarding California property management and resident manager laws followed by answers provided by Attorney Franco Simone. Q: I am a landlord and heard that the state of California extended the protections of the COVID-19 Tenant Relief Act. Is this true? A: Yes, on March 31, 2022, California…
DetailsDelaware Statutory Trust (DST) 1031 exchanges have never been more popular, and one of the reasons behind this growth and investor appeal is the power and flexibility of real estate syndication. Real Estate syndication is a major underlying principle for how a Delaware Statutory Trust 1031 investment is structured, and why they continue to grow…
DetailsHome – it’s the place you go to relax and get away from the stress of everyday life and it doesn’t matter if your home is a place you own or rent. Your home is your castle. Unfortunately, according to the U.S. Centers for Disease Control and Prevention, 47% of all injuries requiring medical attention…
DetailsMore than nineteen million Americans have a hoarding disorder which is a mental condition that is protected by the Americans with Disabilities Act and it is characterized by the building up of excessive clutter in the home to the extent that it is impossible to use it for its intended purposes. Because hoarding is protected…
DetailsRichard Beckman Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: My Unlawful Detainer was rejected by Alameda County although I was evicting for violations by a tenant at will (tenant was former owner prior to me purchasing SFH at auction). …
DetailsMore than 42 years ago, California voters overwhelmingly enacted Proposition 13 in response to out-of-control property taxes. Even with the passage of time, Prop. 13 remains very popular among citizens of all political stripes. Nonetheless, many politicians and bureaucrats hate Prop. 13 because it prevents them from taking unlimited cash from the taxpaying public. In…
DetailsSome years back, I had an experience that taught me just how crucial a reliable property manager is for owners of out-of-state real estate. I’m a property manager by trade, but I’ve also dabbled in the ownership of rental assets over the years. One property I used to own was a mixed-use building in Georgia,…
DetailsAll Delaware Statutory Trust 1031 Exchange real estate investments must be accompanied by a unique Private Placement Memorandum (PPM) as part of its due diligence and marketing presentations. However, even more importantly, all potential investors must make a point to read thoroughly the contents of the PPM in order to get a full picture of…
DetailsAustin Bowlin IRC Section 1031 is undeniably one of the most generous sections of the tax code; however, the IRS rules and timing requirements to complete a tax deferred 1031 exchange are stringent. Navigating the 1031 process can be complex and a misstep can result in either a failed exchange or the purchase of replacement property that is not suitable. Experienced real estate…
DetailsOnly 16% of nearly half a million renters who applied for rent relief from the state of California have been paid, according to a new analysis released in March. And the clock is ticking: Under state law, landlords will be able to evict tenants who failed to pay rent by April 1. Of more than 488,000…
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