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Featured Articles
Los Angeles Tenants Rights
December 19th 2008 - Los Angles Mayor Antonio Villaraigosa signed into effect a new law protecting tenants in buildings that have gone into foreclosure. Tenants of buildings in foreclosure cannot be evicted until the properties have been purchased by new owners. This new law will protect many renters who have become innocent victims of [...]
[Read More...]One Person’s Trash is Another Person’s Treasure!
Discover how you can help recycle construction or deconstruction products.
GO GREEN
Everyone has ideas about greening residential real estate, but what about commercial investment property going green. Share your experiences or questions…comment here!
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Mandatory Access for Telecommunications Providers?
Mandatory Access to Commercial Property for Telecommunications Providers?
How do the contracts between commercial or multi-family property owners affect Tenants? The FCC is asking for your comments on an issue that could affect who has access to your property.
[Read More...]To Exchange or Not to Exchange…that is the Question!
Whether ‘tis better to sell and pay taxes or by deferring gain to leverage your portfolio?
Section 1031 of the Internal Revenue Code provides that neither gain nor loss is recognized if property held for investment use in trade or business is exchanged for like property. The term “like kind” refers to the grade or quality of the property, not a specific type or class. Thus, single family rentals can be exchanged for a retail strip center, commercial or industrial property.
[Read More...]Calendar
TAX DEADLINE
Thursday, December 31st, 2009
Deduction deadline. The last date to make payments that can be deducted from your 2009 return.
Keogh plan deadline. The last date to establish a Keogh plan so you can deduct a Keogh plan contribution on your 2009 return.
County Recorders’ Office Closed
Friday, December 25th, 2009
County Recorders’ Office Closed
Friday, November 27th, 2009
County Recorders’ Office Closed
Thursday, November 26th, 2009
County Recorders’ Office Closed
Wednesday, November 11th, 2009
TAX DEADLINE
Thursday, October 15th, 2009
Income tax return due. Your 2008 income tax return is due if you filed an extension request using Form 4868.
County Recorders’ Office Closed
Monday, October 12th, 2009
TAX DEADLINE
Tuesday, September 15th, 2009
Estimated tax due. Your third-quarter estimated tax payment (using Form 1040-ES) for 2009 is due.
County Recorders’ Office Closed
Monday, September 7th, 2009
Manhattan Beach Parking and Public Improvements Commission (PPIC)
Thursday, July 23rd, 2009
The PPIC is responsible for public parking issues, capital improvement projects, traffic management, activities within the public right-of-way including encroachment permits, undergrounding of utilities and environmental enhancement.
City Chambers
1400 Highland Avenue
Manhattan Beach, California 90266
More Information
Real Estate
California Foreclosure Moratorium May Not Be Effective
Gov. Arnold Schwarzenegger signed into law a 90-day moratorium on California home foreclosures on Friday, but consumer advocates argue wide loopholes will prevent the legislation from significantly slowing repossessions.
[Read More...]Price Reduction on Westside Condo
The Listing Price for 2175 Beverly Glen #203 is now down to $565,000.
This extra large bright unit offers great flow for entertaining and you can’t beat the location. For more pictures of the unit visit 2175BeverlyGlen.com or call Phyllis Miller at 213.999.2425 for a private showing.
[Read More...]New Fannie Mae Guidelines Assist Investors
Effective March 1, 2009, Fannie Mae will start once again financing up to 10 properties for investors in order to help with lending recovery. See Fannie Mae for further details
New Federal Pool and Spa Safety Laws
In December, 2007, the Virginia Graeme Baker Pool and Spa Safety Act, 15 USC 8004) (the “Act”), was signed into law by President Bush. The main purpose of the Act is to increase the safety of pools and spas in the United States by requiring certain safety devices to prevent the tragic and hidden hazard
Understanding Proposition 110
Proposition 1101 is a constitutional initiative passed by California voters that provides property tax relief for severely and permanently disabled claimants when they sell an existing home and buy or build another. It allows the transfer of the base-year value of their existing home to a newly purchased or constructed home within select counties in the State of California. In addition, the initiative also provides relief for modifications that make a home more accessible for a severely disabled person.
Understanding Proposition 60
In most cases, these constitutional tax initiatives allow senior citizens to transfer the trended base value from their current home to a replacement property if certain requirements are met. This may result in substantial tax savings.
Who Qualifies?
If you or your spouse who resides with you is age 55 or older, you may buy or construct a new home of equal or lesser value than your existing home and transfer the trended base value to your new property.
[Read More...]Understanding Proposition 58
These constitutional initiatives provide property tax relief for real property transfers between parents and children and from grandparents to grandchildren. Collectively, they make it easier to keep property “in the family.”
In general, Proposition 58 states that real property transfers, from parent to child or child to parent, may be excluded from reassessment. Proposition 193 expands this tax relief to include transfers from grandparent(s) to grandchild(ren). In both cases, a claim must be filed within three years of the date of transfer to receive the full benefit of the exclusion.
[Read More...]Understanding Proposition 8
In 1978, California voters passed Proposition 8, a constitutional amendment that allows a temporary reduction in assessed value when a property suffers a “decline-in-value.” A decline-in-value occurs when the current market value of your property is less than the current assessed value as of January 1.
Investment Opportunities in Corona del Mar
There are uniques opportunities in this upscale community where duplex/condo conversions provide investment opportunities for the small investor. Corona del Mar is a fashionable beachside Orange County community with dazzling residential properties as well impressive shopping and entertainment options. Explore Corona del Mar
Grant Funded Through ‘The Recovery Act’ to Increase Jobs and Provide Boost to Local Housing Economies
May 9, 2009-As part of an innovative partnership aimed at job creation and easing the pressures on the housing market, the Department of the Treasury and Department of Housing and Urban Development (HUD) jointly announced programs that will provide billions of dollars