Eviction Notice crossed out to signal do not evict

It’s Official – California Has Statewide Rent Control

  • February 3rd, 2020
  • 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.

Forming an LLC to Hold Real Estate in California

  • December 11th, 2016
  • devinlucas

Forming an LLC (a Limited Liability Company) to hold real estate has long been a common approach for estate planning, tax, liability and privacy concerns. While this practice is perfectly legal in California and elsewhere, there are some considerations and tax implications. High-end properties, especially those purchased in all-cash transactions, such as many homes in […]

Feds Expand Reporting Requirements In All Cash Purchases to Some Areas of California

  • August 4th, 2016
  • devinlucas

The U.S. Treasury in late July announced its intention to expand its Geographic Targeting Orders (GTO), temporarily requiring U.S. title insurance companies to identify the natural persons behind shell companies used to pay “all cash” for high-end residential real estate in six major metropolitan areas, including five in California. Expanding the GTOs is a continued […]