Assembly bill 1731 is currently pending in the State legislature and could significantly impact short term rentals in San Diego County. This bill, proposed by Assemblywoman Boerner Horvath from Encinitas, if enacted, would permit short term rentals in the San Diego County coastal zones in owner-occupied residential properties only. This means, property owners in the coastal zone who want to …
After several months of public upset over the recently enacted Short Term Rental Ordinance O-20977 and O-20978, the San Diego City Council held a special meeting today to determine the fate of the ordinance. The Council was put to a vote on whether the STR Ordinance should be submitted to the public for a vote in an upcoming election, or …
Excited to be featured in this month’s SD Voyager Magazine as a spotlight business. You can check out my full interview in the link below. SD Voyager Magazine Interview
When you own real property, that asset will generally appreciate in value over time, particularly if you own property in San Diego. When you sell that asset, capital gains tax will be due on the sale based on the appreciated value. A 1031 exchange is the method by which a person can sell an existing investment property (“relinquished property”) and …
After many years of indecision, the City of San Diego finally passed an ordinance to restrict short term rentals on July 16, 2018. In a 6-3 vote, short term rentals are now only permissible in primary residences, and duplexes where the owner resides in one of the units. Primary residences can be rented out for a maximum of 6 months …
NOTE: This Article was authored by Ashley Peterson and published in the American Bar Association Young Lawyers Division “TYL In Focus” Real Estate Edition for June 2018. The original publication can be found here: TYL In Focus June 2018 Recurring questions in leasing surround the landlord’s pet policy: If there is a strict no-pet policy in a lease or declaration …
If you are considering selling your home without using a Real Estate Agent or Broker in order to save on commissions, there are three important things you need to know. First and foremost, you absolutely need the assistance of a real estate attorney to ensure the sale is done in compliance with all California laws. Real estate agents cannot give …
On September 29, 2017, Governor Jerry Brown signed into law Senate Bill 2 which added section 27388.1 to the Government Code. As of January 1, 2018, all county recorders in the State of California are required to impose a $75 fee to be paid at the time of recording for every real estate document being recorded, and for each parcel …
Over the last year, I have received an influx of calls from clients who are being audited by the City for failure to pay their transient occupancy taxes for short term rentals conducted in their property. Many of these clients are being audited for non-payment of taxes going back to 2007 which can amount to tens of thousands of dollars …
