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.
Governor Newson recently signed into law- AB12 that limits security deposits to one month of rent for buildings of 5 units or more. The law becomes effective June 1, 2024. Prior to the new law, owners could collect security deposits of two months rent for unfurnished units in buildings of all sizes. The effect of the law is to make larger buildings more attractive to tenants and smaller buildings, including rental homes, less attractive. It also shifts risk from tenants to landlords.
Pacific-Realtors.net wants to acquire a small real estate brokerage company in Los Angeles County or Ventura County. A company with 5 to 20 agents is ideal. For a confidential discussion, please contact Michael Chulak.
An estate sale is a sale or auction to dispose of a substantial portion of the personal property owned by a person who is recently deceased. Estate sales should be held by companies that specialize in such sales and who are both bonded and insured. See: Estate Sales and Auctions for details.
From time to time real estate agents who are representing a buyer will call the management company to inquire about something that requires an interpretation of the CC&Rs. When this takes place, the appropriate thing for the management company to do is to advise the caller that he or she needs to read the CC&Rs himself or herself and to obtain a legal opinion if necessary. It is not the roll of the management company to provide legal opinions to real estate agents. It is also not the roll of the management company to provide answers to simple questions that can be answered by reading the CC&Rs. Agents and buyers need to read the CC&Rs themselves.
With interest rates rising and home values declining, an increased percentage of home loan applications are being declined. If you are considering a real estate acquisition or refinance, see: Why Do Mortgage Lenders Reject Home Loan Applications?