It’s hard to imagine anything more callous than the government sending a giant tax bill to a bereaved family, but thanks to Proposition 19, many California families will have that unfortunate experience. Prop. 19, which passed by a razor-thin margin in the November election, expanded a tax break for some homeowners but repealed an important…
In an effort to increase housing near mass transit hubs, Supervisor Rafael Mandelman is drafting legislation to make it easier to build fourplexes within a half mile of a major MUNI or BART station. Besides new construction of fourplexes, homeowners could legally convert their existing home, at least in theory, into fourplexes. The push for…
Having a written criteria list for your rental applicants is pertinent in your rental business and serves several purposes. By attaching a copy of your rental criteria to each blank application form, you are informing your applicant of a list of conditions that must be met for them to be considered as a future tenant…
California housing is crowded, expensive and difficult to find, but if a package of bills proposed by prominent Senate Democrats becomes law, some cities could look very different a decade from now. Duplexes and small apartment buildings would spring up from single-family lots. Public housing projects, effectively stifled since the 1950s, would dot the landscape…
The new state law which has opened up far more options for the creation of Accessory Dwelling Units (ADUs), including creating ADUs in multi-unit/apartment buildings, has been in effect for over a year now. However, just like with the rest of life, the process of obtaining an ADU permit has changed a bit due to…
If you are considering a transition from active property management to something more passive, it pays to know your options. A 1031 Exchange can be a great strategy to defer taxes on your relinquished property. Landlord responsibilities on qualifying replacement properties, however, can differ widely depending upon how you own the exchange property. For tax…
The pandemic closed the country down for most of 2020 but sadly it did not slow down filing of the drive-by ADA lawsuits. Courtrooms may still be closed to the public; however, the plaintiffs, apparently, are able to still file these lawsuits electronically and are doing so daily. Currently, the most popular businesses being hit…
The Existing Building Energy and Water Efficiency (EBEWE) ordinance is a new law that affects certain buildings in the City of Los Angeles. The EBEWE program is overseen by Los Angeles Department of Building and Safety (LADBS). The law covers many types of real estate including office, industrial, commercial, and multifamily residential properties and contains two…
This article is an in-depth exploration of the concepts “Test Only” and “Conflict of Interest” in the mold services industry. Test Only Property Managers need to perform a certain amount of due diligence when investigating the occurrence of tenants who complain about mold. Sometimes there is a problem, other times there is not. A…
On March 25, 2021, Senator Sanders re-introduced the “For the 99.5 Percent Act.” And now, more than ever, property owners need to worry that it will pass this year and devastate the inheritance you can leave for your heirs. Any hope that the Republicans can hold this off in the Senate pretty much disappeared a…
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