Rentals can provide a good income stream but can become costly if improperly handled. Here are some of the most common mistakes landlords make that can lead to severe problems. 1. Poor Tenant Screening Good tenants pay their rent on time, keep your property in good condition, and don’t cause you any trouble. Bad tenants […]
You want to start a new business, which is exciting. But what type of structure is best? In California, like in other states, you can form an LLC or set up a corporation. Here are some of the differences between the two. Limited Liability Company (LLC) Typically, an LLC is run by business owners but […]
Short-term rentals, supported by online platforms such as Airbnb, have long been controversial. Travelers love them because they are often more affordable than hotels and give a sense of staying in a unique “home away from home.” However, they are not without their problems, and locals tend to look down on them. As their popularity […]
It’s curious how something so innocuous-sounding as a homeowner association can be so provocative. Yet, mentioning an HOA is enough to throw some people into a frenzy. For them, the HOA is antithetical to the idea that people should be able to use their property however they see fit. Of course, HOA advocates would quickly […]
California is in the middle of an affordable housing crisis. City populations have swelled, along with home rental prices. The effects of a general lack of affordable housing are dire, pushing residents toward financial hardship and even homelessness. In response to this crisis, state and local lawmakers are looking into accessory dwelling units (ADUs) to […]
Evictions are a nightmare, with many people rating it as the all-time most stressful experience of their lives. Even for the landlords themselves, usually, it is unpleasant and something to be avoided if possible. If you are a tenant on the receiving end of an eviction notice, here is some important information about unlawful detainers […]
Real estate investment can be a great way to grow wealth and even provide a steady stream of passive income. However, as every Californian knows, real estate prices in the state are often prohibitively expensive, leaving many people with few options. As a result, it is often necessary to look outside the state for more […]
As businesses grow, so do the legal complications and the potential pitfalls. For all but the smallest of these businesses, the question is not if your business needs a lawyer but when you should call in their services. Most small to medium-sized businesses don’t need to hire full-time, in-house counsel. Still, they should strongly […]
All real estate transactions are complicated, but commercial real estate tends to be much more so. Be it a lease or a purchase, the legal considerations are more complex, and there is generally more money on the line than in a residential real estate transaction. For these reasons, having the aid of a real estate […]
Property lines are not always where you think they are, and sometimes, the owner of a piece of real estate is not clear. Such boundary and title disputes can completely upend your life, so it’s worth looking at some of their root causes and what can be done to resolve them. What Is a Title […]
Real estate investment is often an excellent choice for protecting and growing your wealth over the long term. When they are well planned, such investments can grow steadily in value and predictably produce income. A tax-deferred exchange, often called a 1031 exchange, can be an incredibly useful tool for anyone looking to manage the tax […]
Property ownership in California can be quite a lucrative investment. However, when a property has more than one owner, it is not unusual for conflict between parties or for their interests to diverge. A partition action may be the only remedy when that is the case. What Is a Partition Action? A partition action is […]
A trust is one of the most effective tools for creating a successful financial plan. They can reduce the overall tax burden, provide for your loved ones, and give you some control to ensure your wishes are carried out after you’re gone. However, trusts are also complicated legal arrangements that can be confusing, leaving some […]
Proposition 13, or Prop 13 as it’s often called, is one of California’s more famous voter-approved propositions, as it has profoundly affected homeownership and the housing market in the state for over 40 years. Depending on who you ask, it’s been instrumental in keeping older people from losing their homes due to unreasonable tax increases, […]
Real estate sales and purchases are the largest financial transactions that most people will ever make, typically involving hundreds of thousands of dollars. On top of that, the process can be unfamiliar and complicated. For these reasons, real estate fraud is unfortunately common. How do you avoid becoming a victim of real estate fraud? The […]
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