Septic Systems and Residential Properties


You love the house, and it checks almost everything off your list, including a few extras like space for your home theater projector. The only potential downside is the home comes with a septic system. Having a septic system isn’t necessarily a downside, but there are a few things to know before purchasing the property. […]

10 Jan 2023

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Septic Systems and Residential Properties

Last Update: 4:01 pm | By: Michael

You love the house, and it checks almost everything off your list, including a few extras like space for your home theater projector. The only potential downside is the home comes with a septic system. Having a septic system isn’t necessarily a downside, but there are a few things to know before purchasing the property. Schedule an Inspection An inspection may be a requirement before you can take possession of the property. Laws and regulations vary by state, so check with your real e. . . . . .

Builder Upgrades: Which Ones are Worth the Cost

Last Update: 8:40 pm | By: Michael

Some homebuyers want a brand new house. There’s something exciting about being the first to live in the home. If you are looking for a new build, chances are your realtor is taking you to plenty of model homes. These properties typically come with top-of-the-line fixtures, appliances, and an extra room utilized as a den, or entertainment room with surround sound and theater-like projectors that can add to the desirability of the home. Before you fall in love with marble countertops and mosa. . . . . .

FTB WITHHOLDING REQUIREMENT

Last Update: 3:38 am | By: Michael

Many real estate investors are not aware they are required to withhold a percentage of the gross income collected from tenants of their rental properties if the landlord is considered a non-resident by the state. (Title 18  of the California Code of Regulations (CCR) section 18662-1(a)(1)) states persons having the control, receipt, custody, disposal, or payment of items of income, commonly termed “withhold at source" must withhold 7% of all rents collected if the sum exceeds $1,500 in a c. . . . . .

Homeowner Upgrades That Will Encourage Buyers To Place A Bid On Your Home

Last Update: 12:55 am | By: Michael

The Mindset for Upgrades When homeowners think of upgrades, their minds wander to the obvious tried and true options, like changing out kitchen appliances, pressure washing the exterior, swapping out the door and cabinet hardware, and updating finishes throughout the house. We’re here to show you a few options you might not have thought about the first brainstorm around. If an idea appeals to you, start working! The sooner you implement the updates, the sooner you can earn more for your . . . . . .

Real Estate Investing & Economic Phases

Last Update: 1:03 am | By: Michael

Real estate investing is, in essence, the art of determining the value of a cash-flow asset through a progression of time that includes: past, present, and future. An investor must have the mindset to comprehend the economic phases of the real estate market in order to better determine how the asset will perform on an ongoing basis. The residential home market is more localized and impacted from community/regional economic data; however, the multi-family and commercial markets are driven by t. . . . . .

AB 1482

Last Update: 1:03 am | By: Michael

What is AB 1482? This Assembly Bill passed in 2019 and became law effective January 1, 2020. It is a state wide rent control measure that cap rent increases at 5% plus CPI (Consumer Price Index) and restricts the eviction of tenants for reasons other than just cause. Landlords of Single Family Dwelling and Unit In HOA's There is an exemption for owners of single family residences and landlords with tenant who reside in Common Interest Developments as long as the owner is not a corporati. . . . . .

Why 1031 Exchanges Rule the Rental Property Investment World

Last Update: 1:04 am | By: Michael

The growing frustration over the pro-tenant political atmosphere in California has been further fueled in recent years by AB 1482 and more recently by the COVID-19-related legislation of AB 3088, SB-91, and now AB 832. Not to mention the 140 local moratoriums throughout the state that continue to handcuff landlords from evicting tenants and in some cases even preventing them from raising rents. Many are fed up with holding residential investment assets in the state and have decided it is time to. . . . . .

Forced Appreciation Strategies

Last Update: 1:11 am | By: Michael

Revenue collected on rental property investments is the lifeforce that drives the asset. When rents are below market, the lifeforce the encompasses the financial stability of the property becomes compromised. Obviously, every property incur expenses that eat away at the scheduled gross income, some of which are tied to inflationary treads subject to increases such as utilities, trash collection, and property taxes. When an investor, broker, or accountant puts together a statement of return on th. . . . . .

Eviction Moratorium Update

Last Update: 1:04 am | By: Michael

When SB-91 expires, landlords will be required to adhere to the local or county moratoriums. Los Angeles City Moratorium: Landlords cannot evict for non-payment of rent (unless landlord has good reason believe the breach for non-payment 'cause' is non-COVID-related). Landlord cannot evict for un-authorized occupants/pets, but can evict for Non-COVID related nuisances (criminal activity). Landlords can implement a rent increase for non-RSO properties in the city of LA. Los Angeles County Mo. . . . . .

La Mirada HOA Sales Transaction & AB 2912

Last Update: 12:14 am | By: Michael

A client of ours was a party to an transaction and new to HOA’s so we wanted to be sure they had as much information as possible to get them off on the right foot. We made the usual inquiries during the due diligence – contingency period (solvency review of financials including budget, reserve study, governing doc provisions and so on). I wanted to ensure my client was aware of their right to inspect association documents such as: copies of contracts, governing documents, tax returns, min. . . . . .

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