City and County of San Diego COVID-19 Eviction Moratorium

On March 16, 2020, California Governor Newsom issued Executive Order N-28-20 as updated on March 27, 2020 Executive Order N-37-20. This Order suspended any provision of state law that would preempt or otherwise restrict a local government from imposing limitations on residential and commercial evictions on the basis of non-payment of rent due to financial hardship from a substantial decrease …

City of San Diego Going After Transient Occupancy Taxes for Month-to-Month Rentals

The City of San Diego has recently started going after property owners who are conducting month-to-month rentals claiming they owe transient occupancy taxes, and are required to obtain a transient occupancy certificate.  I have received several calls from homeowners in the last six months who are being notified by the Office of the City Treasurer that they are operating a …

Assembly Bill 1731 Threatens Short Term Rentals in San Diego County

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 …

City of San Diego Repeals Short Term Rental Ordinance

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 …

Introduction to 1031 Exchanges of Real Property

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 …