At a signing ceremony in Oakland on October 8, Governor Gavin Newsom signed AB 1482 – Rent Caps and Just Cause. If you are confused about how this new law may affect rental property that you own, please contact us at Pasas Property Management. Here are some basics you need to know: Rent increases in any 12-month period will be limited to 5% plus the change in inflation from April 1 of […]
Summer is a great time for music! Grab friends, family and a picnic – then go check out one of these free summer concerts. Point Loma Summer Concerts. Select dates at Point Loma Park (1049 Catalina Boulevard). https://www.plconcerts.org/ Bird Park Summer Concerts. Select Saturdays in July and August. 5:30-7:30 pm. Bird Park, 28th and Thorn Street (next to Morley Field.) http://www.explorenorthpark.com/post/bird-park-summer-concerts Coronado Summer Concert Series. Sundays, through Sept. 1, 6 pm. Spreckels Park, 7th […]
Imagine buying a property with bitcoin proceeds and then finding out the IRS wants 20%. The IRS has made it clear over the last few years that bitcoin and other digital assets are on its radar. In 2018, the IRS released a notice to remind taxpayers that crypto transactions have tax implications. Read the full article HERE.
The San Diego City Council recently approved a ban on discrimination against recipients of Section 8 housing vouchers. The ordinance allows landlords to use credit scores and other legal means to select tenants. But they cannot say “no” to an applicant based solely on whether they pay rent with a government subsidy. The new ordinance will take effect in 2019. Learn more by clicking here.
Do you know the rules when residents request to have a emotional support or companion animal in their rental home? We recently read an article about this topic on Property Management Insider. Many rental properties are becoming pet friendly, but how do you handle pets that come as a companion animal and your rental property has a no-pet policy? It’s a hot topic, and property managers need to make sure […]
Anyone who may be buying or refinancing a home is always interested in current interest rates. Here’s an article from MPA (Mortgage Professional America) that suggests the Fed may delay a rate hike. The full text can be found here. China’s central bank devalued its currency Tuesday, a move that could delay a Fed interest rate hike, according to economists. “What is of interest is how the U.S. will react […]
Pasas Properties has compiled a great list of can’t miss San Diego summer events. Each month we’ll post the next months events. Or, download the Pasas Properties Guide to San Diego Summer Events to view the entire summer now. Enjoy! JUNE: Humphrey’s Concerts by the Bay, June 3 – Sept 6 San Diego Greek Festival, June 5 San Diego County Fair, June 5-July 5 Toast of the Coast Wine Competition – County Fair, June 13 San […]
Here is some information we recently found on “Keep Your Home California” Transition Assistance Program (TAP). Keep Your Home California is a free service for homeowners who have suffered a financial hardship, to help them stay in their homes, maintain an affordable mortgage payment and avoid foreclosure. The funds come from the Transition Assistance Program (TAP), part of the Keep Your Home California Program. There are a variety of programs available […]
The Home Affordable Refinance Program or “HARP” is available to homeowners who are current on their mortgage payments, but have been declined for traditional refinancing due to declining home value. HARP is available to homeowners who struggle to make ends meet. Many residents dip into savings, retirement, liquidate investments and make significant changes in their lifestyle in an attempt to remain current on their mortgage payments, as falling behind means […]
Even though the number of foreclosure filings has risen dramatically in recent months in some parts of the country—specifically in judicial states—the ratings agencyDBRS expects total foreclosure filings to show evidence of a steady decline in 2013 when compared to 2012. This is due to “the record number of servicers that are using short sales as their primary loss mitigation tool to prevent delinquent loans from entering foreclosure,” the agency’s […]