Real Estate and Property Management Blog - California

 

Our Real Estate and Property Management Blog is added to several times each month so please visit it often. If you would like to respond to any blog, please contact us. Our Articles for Buyers. Sellers, Landlords, and Agents are also added to and updated regularly.

Lender’s Questionnaires Requirements

April 28, 2025

We are not aware of any lenders that accept completed lender’s questionnaires or even copies of documents from board members. Their concerns are the inability to sell loans in the secondary market and possible fraud . Lenders know that HOA management companies are reliable sources of authentic documents and an accurate source of unbiased truthful information. See: Lender’s Questionnaire – Purpose.

W-9 Forms Required

April 11, 2025

W-9 forms are required to be submitted to the management company by all vendors and contractors before payments can be made. This applies to all invoices submitted regardless of the amount and regardless of whether the party is incorporated or not. This policy is intended to protect our management clients.

Mortgage Rates are Falling Quickly

March 19, 2025

Mortgage interest rates have declined this last month and are continuing to fall. This is a good time to contact a mortgage broker about refinancing. See: Reasons to Use a Mortgage Broker.

Dollar Limit for Unlicensed Contractors Increased

March 13, 2025

Under prior law, unlicensed individuals could perform construction work if the total cost of labor, materials, and other project expenses did not exceed $500. Under AB 2622, the threshold was raised to $1,000, effectively allowing unlicensed persons to handle more small jobs without violating the California’s Contractors State License Law.

The new exemption applies only if no building permit is required. If the scope of work triggers a building permit (electrical rewiring, plumbing changes, or structural modifications) an unlicensed person cannot legally accept the job. In such cases, a licensed contractor is mandatory.

Also, unlicensed persons under the exemption cannot employ any other person to perform or assist with the work. When another person is brought on board whether paid or unpaid, the exemption no longer applies, and a contractor’s license is required.

Probate Real Estate Sales

February 14, 2025

Pacific-Realtors.net can assist personal representatives of estates sell probate properties located anywhere in California. See: Probate Real Estate Sales for information about our unique qualifications, frequently asked questions and answers, and a glossary of probate terms.

What is a referral agent and how do referrals work?

November 30, 2024

A referral agent is a real estate licensee who wants to make money in real estate, but does not want to sell, show property, or pay desk, MLS, or Board of Realtors fees. Referral agents make money by referring their friends , relatives, and others in their sphere of influence to a full-time real estate agent with Pacific-Realtors. net who will service the client. Referrals can be prospective buyers or sellers of homes, apartment buildings, commercial properties, or land.

As a referral agent, you are paid a percentage of the fee earned by the company.

If you would like to become a referral agent, we can assist you, including helping you obtain a real estate license. For more information: SCReferralAgents.com.

Selling a Home with Leased Solar Panels

November 30, 2024

When it’s time to buy or sell a house with existing solar panels, any lease will appear on the title search. See: Selling a Home with Leased Solar Panels for additional information.

Land Sales Agent Needed

November 30, 2024

Our firm is in need of a licensed agent or broker with experience in representing buyers and sellers of land in California See: California Land Brokers. We have been representing buyers and sellers of land for 36 years.

Management of Apartment Buildings

November 21, 2024

Our apartment division has more than 36 years of experience managing income producing properties including apartment buildings. See our website for a complete list of services provided: Pacific Apartment Management.

Responding to Our Blogs

November 18, 2024

If you would like to respond to any of our blogs, please contact us by email. We will promptly respond.

Pacific-Realtors.net
818-991-5200