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Archive for April, 2013

Pending Legislation Seeks to get a Handle on Short-Term Rentals in San Francisco – By Noni Richen

Posted on 01. Apr, 2013 by .

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San Francisco is the nation’s top destination for travelers of all ages. Our city’s attributes, within tight geographical boundaries, make for hotel rates that exceed those of many other cities, thereby creating an incentive for visitors to seek alternatives to pricey hotels.

The short-term rental is a form of lodging that is very attractive to visitors, permanent renters [...]

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Death Tax Rates in 2013 – by Edgar Saenz, Esq.

Posted on 01. Apr, 2013 by .

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The fiscal cliff deal reached by Congress and the White House at the start of the year gave long-absent stability to estate tax rates and exemptions.  Here are the highlights:

The federal estate or death tax rate for persons dying in 2013 is 40 percent.  The exemption is $5.25 million.  There is no state death or inheritance tax.  Thus, if the value of decedent’s estate is $5 million, no estate tax [...]

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How to Protect Your Real Estate Assets in Two Simple Steps – By Blair Jackson, J.D.

Posted on 01. Apr, 2013 by .

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If you haven’t been sued yet, you haven’t lived long enough.  As a real estate investor, you are walking around with a target on your back because you’re easy to identify, easy to sue,and appear to have a deep pocket. 

Everyday real estate investors can lose all of their [...]

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It’s Here! The FREE “Million Dollar Trade Show and Landlording Conference”!

Posted on 01. Apr, 2013 by .

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Thursday, April 25th at theLong BeachConvention Center Hall C

Mark your calendars for Thursday, April 25th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Long Beach. You will meet just about every contractor and vendor you will ever need… it’s called the Million Dollar Event of the year. Be sure to attend  and who knows, you may even go home with the New iPad or [...]

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More Data Suggests a New Housing Boom Has Begun – By Cullen Roche

Posted on 01. Apr, 2013 by .

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A version of this article first appeared on February 7, 2013 in the Daily Crux, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com.

From PragCap

If you’re looking for things I’ve been wrong about recently you can chalk housing up on the list.  Last year I said I expected housing’s downside was fairly limited and said that long-term buyers shouldn’t hesitate to buy, but that the market was likely [...]

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Something to Think About #7 – Secular Shift – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 01. Apr, 2013 by .

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If you’ve missed some of the prior articles, basic “beginner” guidelines on successful investing are in my book “Stairway to Wealth” available at www.LuLu.com.

Arithmetic

Net Operating Income (NOI) divided by Price equals Cap Rate. Ex 1: If we have an investment valued at $100,000 and it pops out a $5,000 NOI, we’re making a 5% cap rate ($5,000 divided by $100,000 = 0.05).  Ex 2: If we paid $50,000 for the investment [...]

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Wanted: A Loyal Opposition – By Jon Coupal

Posted on 01. Apr, 2013 by .

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 At the core of this advice from the “School of the Obvious” is that the GOP must get more votes.  However, to accomplish this, they are told that they need to act more like Democrats.  If all that counts is being elected and getting the salary and the perks that go with it, then what the advice really boils down to is that everyone should just [...]

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Small Claims Court Update – By: Melissa V. King, Esq.

Posted on 01. Apr, 2013 by .

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Q: In San Diego, what is the maximum amount that can be awarded in Small Claims Court?

A:  The maximum amount an individual may be sued for in Small Claims Court is now $10,000.      As of January 1, 2012, SenateBill 221 increased the Small Claims Court jurisdictional limit from $7,500 to $10,000.

While there are two exceptions to this jurisdictional increase, it is likely that neither is helpful to a landlord or property owner being sued by [...]

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Legal Question and Answers – by Dennis Block

Posted on 01. Apr, 2013 by .

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Question One: I served my tenant with a 60-day notice to vacate. After 30 days, the tenant vacated without any notice. I deducted one month’s rent from her security and she is now threatening to take me to small claims court. Her position is that since she found an acceptable apartment within the 60 days, she is free to move at anytime. Is she correct?

Answer One: Your tenant is wrong. When you served the 60-day notice to vacate, she was responsible for the rent during this entire period. Since she just left after 30 days, she is liable [...]

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House Prices, Real House Prices and Price-to-Rent Ratio – By Bill McBride

Posted on 01. Apr, 2013 by .

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There is a clear seasonal pattern for house prices, and earlier this year I predicted that the Case-Shiller indexes would turn negative month-to-month in October 2012 on a Not Seasonally Adjusted (NSA) basis.  That is the normal seasonal pattern.
Also I expected smaller month-to-month declines this winter than for the same months last year. Sure enough, Case-Shiller reported that the Composite 20 index NSA declined slightly in October 2012, and also declined slightly again in November 2012 (a 0.1% decline).  In November 2011, the index declined 1.3% on [...]

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