It’s Official – California Has Statewide Rent Control

  • October 30th, 2019
  • devinlucas

It’s Official – California Has Statewide Rent Control… Many exemptions exist that will apply to most small owners; corporate owners are the primary target of the current law. … This New Statewide Rent Control Has Two Key Components: 1) Caps Rental Increases; 2) Requires “Just Cause” For All Evictions.

Davis Magnet School lottery is now open – Newport Mesa Unified School District

  • February 17th, 2019
  • devinlucas

Attention Newport Mesa parents…. Davis Magnet School lottery is now open.  Newport Mesa Unified School District (serving all of Newport Beach and Costa Mesa) has some amazing schools… including Davis Magnet School.  How do I get my child in?… you literally have to win the lottery.  Lottery applications are now open – now through March […]

1031 Exchange – Overview / How To

  • October 19th, 2018
  • devinlucas

There may be no better tax incentive for investment real estate than the 1031 Exchange.  Named in reference to section 1031 of the Internal Revenue Code, the “1031 Exchange” allows an income tax free (or tax deferred, see below) exchange of investment real estate with wide latitude as to what real estate can be purchased […]

2018 Tax Reform – Key Impacts on California Real Estate

  • June 15th, 2018
  • devinlucas

Newport Beach, Costa Mesa, Orange County and all California homeowners – and potential homeowners – have some significant tax changes to consider and plan for in 2018. H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on December 20, 2017, contains a large number of provisions that affect […]

California Propositions 60 and 90 – Property Tax Transfer to New Residence

  • April 4th, 2018
  • devinlucas

Proposition 60 allows the transfer of an existing Proposition 13 base year value from a former residence to a replacement residence within the same county, if certain conditions are met.  This benefit is open to homeowners who are at least 55-years old and are able to meet all qualifying conditions, (see below) and applies in […]

Real Estate Mediation And Compliance With The Requirement For Pre-Litigation Mediation Under The California Association of REALTORS® Residential Purchase Agreement (“RPA”)

  • March 10th, 2018
  • devinlucas

This article is designed to review and provide an overview of the real estate mediation process with emphasis on review and requirements under the California Association of REALTORS® Residential Purchase Agreement (CAR form “RPA”).  Real estate disputes and resulting real estate litigation come in all sizes and surround anything and everything imaginable pertaining to modern-day […]

Real Estate Tax Tip For Itemizers (aka Loophole ALERT) – Consider Paying Your Second Installment Property Tax Bill Early (as 2018+ is Now Capped)

  • December 27th, 2017
  • devinlucas

Consider prepayment of your property taxes in 2017. Newport Beach, California – H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on December 20, 2017, contains a large number of provisions that affect individual taxpayers, especially homeowners. As of January 1, 2018 – single or married – you […]