Proposed Tax Reform

November 27, 2017

 

Tax Reform & How It May Affect You

In recent months, the House and the Senate have been working on their own versions of new tax cut bills which aim to significantly alter our current tax system. These tax proposals may impact current and future home owners and buyers, as well as revenue from rental properties. The drastic changes are of major importance to the housing market, especially in California, so as always you should stay in touch with your tax accountant as to what degree of tax impact the new laws may have on your personal financial situation.

Preliminary reviews of the proposed reform determine taxpayers in wealthier and more populous states such as California, New York, and New Jersey would be hit the hardest by these bills, leading critics to claim they will do more harm than good. Home owners and buyers in these states are already faced with the highest real estate prices and rental rates in the United States. These individuals would likely be adversely affected by these changes as the proposed bills plan to make changes to property tax deductions and mortgage interest deductions.

 

What To Expect

There are two versions of proposed tax reform currently under consideration. The House bill will repeal state and local tax deductions, while capping property tax deductions at $10,000. The Senate bill will completely repeal state and local tax deductions, property taxes included.

Regarding mortgage interest deductions, both bills introduce a drastically different approach. The Senate has decided to leave the deduction as is, which real estate lobbyists have been pushing for. Whereas the House plans to halve the current cap for mortgage interest deduction from $1,000,000 to $500,000. As of 2017, the median home price in San Diego is $595,000, and this year over 60% of homes sold in Orange County sold for over $600,000.

While the overall impact of these bills is still not completely clear, one thing is for sure. The majority of home buyers in California, especially southern California and the SF Bay Area, would no longer be able to utilize the full advantage of a mortgage interest expense deduction. Apparently this bill only applies to new mortgages, existing mortgages will remain able to claim the deduction as it currently stands. One possible outcome to all of this is that the new home buying market may be further limited moving forward. This may actually serve to keep the rental market alive and well.

 

Located in Del Mar, California, North County Property Group provides real estate sales & leasing, property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served).

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Check out our sister vacation rental site at www.ncvacationrentalhomes.com and follow North County Property Group on our BlogFacebookTwitterYouTubeGoogle+Google PlacesLinkedInPinterest and Yelp!

Contact us today: (858) 792-5797      info@ncpropertygroup.com

Mold Prevention & Remediation

October 31, 2017

 

Why It Matters 

Mold can be a scary prospect for tenants and landlords. Left unattended and allowed to spread, mold can create serious health issues for your tenants as well as cause significant damage to your property which could lead to costly repairs. Having a certain set of procedures in place to handle any potential mold problems are necessary to avoiding any unnecessary financial headaches.

Where To Look

Certain parts of your home are more prone to mold than others. Mold typically grows in moist, dark, areas with little or no ventilation. Here are some common areas mold is found.

-Underneath/behind kitchen and bathroom sinks

-Behind walls which house plumbing

-Around windowsills

-Carpets/padding

-AC units

How to Prevent

Survey your home. Do you have water stains on the ceiling anywhere? Do you have any leaking pipes? If so fix them immediately. Ventilation is key. Humid, stagnant air is mold’s best friend. Check all exhaust fans and ensure they are in working order. Opening windows, using fans, and dehumidifiers are great ways to promote airflow and reduce moisture.

 

Remediation

Once notified about water damage or mold growth it is necessary to take action within 48 hours. Very minor mold issues can be taken care of personally, but needs to handled with caution as improper removal can cause spores to spread throughout your home. If you choose to self-remediate, wear protection such as a face mask designed for contact with mold like the P-100 respirator mask. Also cover your arms, legs, and hands to avoid all contact with spores. If the mold is moderate to severe, calling remediation professionals is necessary. Mold covering an area of 10 square feet or more, or for mold that you cannot locate, you should seek professional intervention. Make sure the remediation process is well-documented by taking notes, photos, and videos of the affected area, as well as following up once the process is complete.

 

Tenant Knowledge

Even if you take all the necessary precautions, mold growth can still occur due to tenant negligence. Making sure potential tenants understand how to properly care for a home in order to prevent mold is key. Having a mold inspection done prior to new tenants taking occupancy is key and can mitigate your liability in the occurrence of mold caused by your tenants. Also, requiring tenants to read and sign a mold and ventilation addendum alongside the lease agreement is one of the most important actions you can take as a homeowner. Ensuring your tenants are aware of the necessary precautions to avoid mold, as well as being obliged to notify you of any potential mold growth, is vital to maintaining a clean home.

 

Infographic courtesy of American Apartment Owners Association

 

Located in Del Mar, California, North County Property Group provides real estate sales & leasing, property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served).

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Check out our sister vacation rental site at www.ncvacationrentalhomes.com and follow North County Property Group on our BlogFacebookTwitterYouTubeGoogle+Google PlacesLinkedInPinterest and Yelp!

Contact us today: (858) 792-5797      info@ncpropertygroup.com

October Rental Listings from North County Property Group!

Get Your Family Settled Before the Holidays!

October 9, 2017

Fall 2017 is here and we have several new listings immediately available which are available for move in before the holiday season!  These rental housing options are immediately available for move-in!  Watch the virtual tours below and contact us right away at 858-792-5797 if anything looks like it is of interest for you, a client, or a friend! You can also submit your rental application by clicking the link immediately below each virtual tour video:

 

Custom Southwest Escondido – Single Level Home on 1/3 Acre, Cul-De-Sac

$3,750/month, immediately available.  Custom single level home on 1/3 acre, located in desirable Lomas Serenas neighborhood. This stunning and newly upgraded home is located on a private cul-de-sac and features soaring ceilings, ample natural light from large windows and numerous french doors, crown molding, granite counters, travertine flooring, crystal chandeliers, huge backyard, and an over sized finished garage with built-in shelving and work area.

Click here to view the property page on our company website or to submit your rental application: 464 Old Via Rancho Drive, Escondido, CA 92029

 

Charming La Jolla Ranch Style – Lower Hermosa, Near Wind N Sea

$5,750/month, immediately available.  Location, location, location! This charming La Jolla rental home is on a lovely street in the highly desirable Lower Hermosa neighborhood, within walking distance (one block) to the stair-steps access of “Wind N Sea Beach”.

Click here to view the property page on our company website or to submit your rental application: 6323 Avenida Cresta, La Jolla, CA 92037

 

Del Mar Mesa Estate – Panoramic Views!

$7,975/month, immediately available.  This elegant and highly upgraded 5,417 Square Feet home is located in the prestigious and highly desirable Del Mar Mesa neighborhood in Carmel Valley (San Diego, CA). The home sits on a 3-acre lot along a hill-top mesa with cool ocean breezes.

Click here to view the property page on our company website or to submit your rental application:  6420 Mesa Norte Dr, San Diego, CA 92130

 

Del Mar Village – Ocean And Sunset Views!

$5,950/month, immediately available.  Location, location, location! Coastal Del Mar townhome, rarely available and a great opportunity for experiencing beach community living! This must see townhome is located in the prestigious, secure and highly desirable Del Mar Woods complex, West of Interstate-5 and Coast Highway 101, walking distance to Del Mar Village and beaches!

Click here to view the property page on our company website or to submit your rental application: 262 Surfview Ct. , Del Mar, CA 92014

 

Solana Beach / Del Mar Furnished Condo with Spectacular Ocean Views!

$4,750/month, immediately available.  Fully furnished in the heart of Solana Beach / Del Mar! This 1547 sq. ft. 3 bedroom (2 bedrooms plus office), 2.5 bath, 2 car garage is perfect as corporate housing placement or executive relocation temporary living situation for 6+ months. The unit comes fully furnished in a cozy and functional casual beach eclectic style.

Click here to view the property page on our company website or to submit your rental application: 342 Shoemaker, Solana Beach, CA 92075

 

Oceanside White Water Ocean View Condominium

$3,500/month, immediately available.  Boasting panoramic ocean and white water views, just steps from the beach, this spectacular 5th floor corner condo is a delightful unfurnished long term rental (furniture show is owner’s and will be removed prior to tenancy). Built in 2008 in upscale Oceanside Terraces, this gorgeous beach unit is “Like New” with upgraded wood flooring, gourmet kitchen with granite counters and stainless steel appliances.

Click here to view the property page on our company website or to submit your rental application: 301 Mission Ave, Unit 508, Oceanside, CA 92054

 

Furnished Carlsbad Condo – Ocean and Sunset Views!

$2,850/month, immediately available.  FURNISHED SEASONAL/VACATION RENTAL – ONE MONTH MINIMUM between October 1, 2017 and March 31, 2018. Beautifully remodeled and furnished, upstairs Carlsbad condominium, 2 BR / 2 BA, ocean and sunset views! Centrally located with easy access to Interstate-5 and close proximity to LEGOLAND, La Costa Resort and Golf, and Carlsbad State Beach. Short driving distance to other San Diego area destinations and family theme parks.

Click here to view the property page on our company website or to submit your rental application: 6571 Paseo del Norte Unit F, Carlsbad, CA 92011

 

You can also view all of our Long Term rentals at the Featured Listings page of our company website:  Click Here to View All NCPG Rental Properties

Located in Del Mar, California, North County Property Group provides real estate sales & leasing, property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served).

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Follow North County Property Group on FacebookGoogle Places,  TwitterLinkedInPinterest and YouTube.

Learn More about North County Property Group!

Call us today for a free consultation!

Located in Del Mar, California, North County Property Group provides real estate sales & leasing, property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served).

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; E-mail: info@ncpropertygroup.com to learn how we’re redefining real estate sales and leasing, property management, and vacation rentals in North County San Diego.

Check out our sister vacation rental site at www.ncvacationrentalhomes.com and follow North County Property Group on our BlogFacebookTwitterYouTubeGoogle+Google PlacesLinkedInPinterest and Yelp!

Contact us today: (858) 792-5797      info@ncpropertygroup.com