Owning a rental property can be a lucrative business for California residents, but many do not fully realize the numerous responsibilities that come with being a landlord. These go beyond maintaining residential premises that are safe and comfortable for tenants. In...
Death disclosure requirements for Calif. real estate transactions
When you purchase real estate in California, the seller and/or listing agent must disclose any material defects. A material defect is a problem or issue with the property that could negatively affect your decision to buy. The law requires sellers to disclose material...
What should I know about mediating real estate disputes?
Mediation is a form of alternative dispute resolution. It often gets credit for reducing the costs and time investment of litigation. However, you may not always wish to go through mediation to handle your real estate disputes in California. Unfortunately, you may not...
How can you avoid landlord and tenant disputes?
California landlord and tenant relationships can be complicated. Most landlords want to keep the relationship as smooth as possible. The most vulnerable times for a property owner and tenant is the move in and move out times. If a tenant moves out, you need to make...
Do landlords need a reason to terminate a lease?
If you rent a California residence, then odds are you want to feel secure in your house or apartment. You do not want to have to worry about finding a new place to live at a moment’s notice. The housing market is difficult to navigate when you have a lot of time to...
How are trade laws affecting real estate?
The economy is a tricky thing. When one segment has an issue, it tends to bleed into the other segments. That is what is happening with the real estate market in California thanks to issues with trade in the U.S. economy. According to The Mercury News, new trade wars...
Tips for finding (and keeping) good tenants
Owning residential real estate in a state like California can be a great investment. That said, becoming a landlord can also be a source of great frustration without having the right tenants occupying your building. As noted by RentPrep, there is most certainly a...
Lead paint and property management issues
California property managers have certain responsibilities regarding the health and safety of the people who live in their properties. One of the most practical ways to manage the risks associated with rental property is to ensure there are no dangerous substances or...
Limit risks when establishing a limited liability company
Starting a business or establishing a partnership has the potential to bring both financial and legal risks to all parties involved. This is why it is critical for parties to do their due diligence to limit their risks and proceed thoughtfully. It is prudent for all...
Buyers may soon have more opportunities in the LA market
It is difficult, if not impossible, to find property in Los Angeles that is in the exact right location and within your budget. The LA market is among the most expensive in the country, but the market could be shifting soon. If you have been hoping to buy, your chance...