photo of couple with real estate agent at a kitchen table reviewing documents

The Ultimate Home Seller Checklist: Newport-Mesa Edition

  • April 16, 2025
  • devinlucas

Thinking of selling your home in Newport Beach or Costa Mesa?
From pricing and preparation to marketing and negotiation, our Ultimate Home Seller Checklist walks you through every step of the process—backed by the local expertise of Lucas Real Estate Group. Whether you’re handling a trust sale, family transfer, or traditional listing, we help you maximize value while minimizing stress.

alarm clock and post it note infographic with "reminder" Attention California LLC Owners: Two Key Tax Reminders You Don’t Want to Miss

Attention California LLC Owners: Two Key Tax Reminders You Don’t Want to Miss – 1) Annual $800 Minimum Fee, and 2) Form 568 – Due April 15th

  • April 4, 2025
  • devinlucas

If you own a California LLC — even one with no income or used solely to hold real estate — you’re still required to file Form 568 and pay the $800 minimum annual franchise tax. This blog breaks down the two most critical filing requirements for LLC owners, especially those using an LLC for privacy, rental properties, or estate planning purposes. Don’t risk penalties or suspension — find out what’s due, when, and how to stay compliant.

infographic on "5 Stylish Tips to Elevate Your Small Outdoor Space in Newport Beach and Costa Mesa"

5 Stylish Tips to Elevate Your Small Outdoor Space in Newport Beach and Costa Mesa

  • March 31, 2025
  • devinlucas

Ready to refresh your outdoor space for spring?
Even the smallest patio or balcony can become a stylish retreat with a few thoughtful upgrades. From cozy furniture ideas to creating privacy with lush greenery, we’re sharing five easy ways to elevate your outdoor living—tailored for homes in Newport Beach, Eastside Costa Mesa, and the surrounding coastal communities.

Discover how to turn your space into a sunny sanctuary, whether you’re prepping to sell or simply soaking up the SoCal lifestyle.

Home Buyer’s Checklist: Touring Homes Like a Pro

  • March 31, 2025
  • devinlucas

Tour Homes Like a Pro: What Every Newport Beach Buyer Should Know
Ready to move beyond online listings and start touring homes in person? Whether you’re buying in Newport Beach, Eastside Costa Mesa, or surrounding coastal communities, this step-by-step checklist will help you evaluate properties with confidence. Learn what to look for — inside and out — and how to spot red flags before making an offer. Written by local real estate attorney and broker Devin R. Lucas, this guide blends real-world experience with professional insight to help you make smart, informed decisions in today’s competitive market.

Think Your Property Tax Bill is High? Check Out Orange County’s Biggest Bills!

  • March 12, 2025
  • devinlucas

Think Your Property Tax Bill is High? These OC Landowners Pay Millions!

Before you complain about your tax bill, consider this—Irvine Company alone pays $192 million in property taxes this year. Disney? $81.5 million.

The Top 20 taxpayers contribute nearly $500 million, funding schools, roads, and public safety. Yet, Orange County only gets 5 cents of every tax dollar, far less than LA (21 cents) and San Diego (12 cents).

“Without these contributions, many local agencies wouldn’t have the funds for public services,” says OC Treasurer Shari Freidenrich.

Want to see the biggest tax bills in OC? Read on.

info graphic with photo of a home being swapped for another, with text "1031 exchanges: can you defer taxes on an empty home"

1031 Exchanges and Vacant Properties: Can You Defer Taxes on an Empty Home?

  • March 12, 2025
  • devinlucas

Can a Vacant Property Qualify for a 1031 Exchange?
The IRS focuses on investment intent, not just rental income, to determine eligibility. Key factors include the original purpose of acquisition, tax treatment, marketing efforts, and whether the property was ever used personally. Court cases like Alderson v. Commissioner and Reesink v. Commissioner have ruled that properties held for appreciation—despite never being rented—can still qualify.
Read the full article for key legal precedents and expert guidance.

piggy bank with text reminder that property taxes due April 10, 2025

California Property Taxes: Second Installments Due By April 10, 2025  

  • March 11, 2025
  • devinlucas

The deadline is fast approaching! If you own property in California, your second property tax installment is due by April 10, 2025. Missing this deadline could result in steep penalties—up to 10% of your tax bill plus additional fees. Don’t wait until the last minute—make sure your payment is postmarked or received online by 11:59 p.m. on April 10 to avoid unnecessary costs.

Not sure if you’ve received your bill? It’s your responsibility to check—the county won’t remind you! Visit www.octreasurer.com to confirm your balance and payment options.

Questions about property taxes, Proposition 19, or real estate matters? Lucas Real Estate is here to help. Contact us today at [email protected] or 949.478.1623.

Photo of money and a house with the text "UPDATE: March 7 2025 Executive Order Further Extends Price Gouging Protections"

UPDATE: March 7 2025 Executive Order Further Extends Price Gouging Protections

  • March 9, 2025
  • devinlucas

Governor Gavin Newsom’s Executive Order N-23-25, issued on March 7, 2025, extends rental price gouging protections in Los Angeles County until July 1, 2025. These protections cap rent increases at 10% and prohibit evictions aimed at re-listing properties at higher prices.

However, some properties are now exempt from HUD Fair Market Rent (FMR) calculations—specifically newly constructed units and high-value single-family homes (4+ bedrooms) in select Los Angeles ZIP codes. Importantly, these exemptions do NOT remove the 10% cap on rent increases and do NOT allow landlords to raise prices beyond prior rates if the property was rented or listed in the last year.

For landlords, property managers, and investors in Newport Beach, Costa Mesa, and beyond, these updates carry critical implications for leasing strategies, property valuations, and rental pricing. Orange County remains fully subject to price gouging laws, with no exemptions.

📖 Read our full article to understand how these changes impact your real estate business.