New CA Landlord Laws Regarding Bed Bugs

Friday, December 22nd, 2017

December 22, 2017

The subject of “bed bugs”  is not pleasant, but it has become a hot topic and area of concern in rental properties all across the USA. For property management companies, like North County Property Group, being on top of new California landlord laws is crucial. At North County Property Group, we track all real estate laws and local ordinances to make sure our client properties stay within compliance.

CA Civil Code §1954.603

A new landlord law has recently been instituted in California know as Civil Code §1954.603. As of July 2017, all landlords are required to attach a Bed Bug Disclosure as an addendum to all new residential leases (view Bed Bug Disclosure Addendum at this link).  Landlords will also be required to provide notice to all existing tenants by January 1, 2018. The notice includes information about bed bug appearance, life cycle and reproduction, bed bug bites, common signs of infestation, and infestation treatment requirements.

Sounds ominous, right? This is a new standard of information and care that landlords are expected to follow, but in reality, bed bug infestations are quite rare. Any and all bed bug pest control matters, however, must be handled with full knowledge of all aspects of information entailed in this EPA website: https://www.epa.gov/bedbugs

Responding to all reports of bed bugs, and working quickly to treat properties suspected of infestation under the prescribed guidelines, is imperative. Having a professional property management company working for you is a great move. North County Property Group can diligently handle all reports to ensure your properties are in compliance!

The full text for these new laws as published by the California legislature can be read here: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201520160AB551

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

Related articles

Proposed Tax Reform

Tuesday, November 28th, 2017

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

Is it Time for a Utility Conservation Upgrade?

Thursday, August 31st, 2017

Aug 31, 2017

Energy and utility usage is among the criteria used by prospective tenants when making a rental home decision. In vacation rentals or homes where owners keep utilities in their own name, monthly utility bills are one of a property owner’s single biggest expenses! Improving your property’s efficiency on energy and water consumption will not only make it more attractive to prospective tenants but will add significant resale value in the event you someday plan to sell the property.

Here are several utility consumption improvements that ultimately pay for themselves:

Install a Drip System: Do you know that companies charge twice for the water used every month — once to pump it into the house and again to pump it out as sewage? Water company logic is that every gallon of water that you run out of your faucet is going to go back down the drain. But if you use water to irrigate your lawn or garden, that water never makes it into the sewer system. So, with a drip or mesh system in your yard you not only reduce water consumption but also save on sewer charges. Especially in today’s drought conditions in Southern California, drip systems are the right thing to do!

Smart Home Products: Smart home products are the new rage, especially when integrated into WiFi enabled devices such as Amazon Alexa and Echo. From a cell phone or with a simple Alexa command, many items in a home can be controlled to turn on/off, up/down, or open/ shut including lights, fans, TVs, switches, thermostats, garage doors, sprinklers, locks, security systems and more. Smart thermostats such as those from Next learn a residents’ behavior on their own and adjust accordingly to save between 10–12% on heating and 15% on cooling each year. If you don’t have one now, a programmable or smart thermostat can play this role for your home automatically.

Energy Star Products:  You’ve probably heard of Energy Star, the partnership between the EPA and the U.S. Department of Energy that identifies energy-efficient products. Energy Star ratings are seen on large appliance items like water heaters and clothes dryers but also on relatively inexpensive items utilized throughout a home. LED light bulbs, for example, are a simple way to save real money on energy. The EPA provides the Energy Star label only when the device is tested and determined recoup the investment with subsequent power or water savings within a 5 year horizon.

Motion Sensor Light Switches: These handy little devices are quite simple in nature. Simply install them where your regular light switch goes and they’ll automatically turn off lights on the line when no motion is detected. Similarly, the lights will switch back on when the resident walks into the room. This is particularly handy when returning to the home with grocery bags in both hands!

Hibernation or Time-Out Features on Electronics: Hibernate feature in laptops and desktops allows saving of existing work and also electricity!  Even TVs, home theater amplifiers, set top and cable boxes, PlayStations, and the like will consume energy when not in sleep mode. This type of idle power usage is known as “phantom energy”. It occurs when electricity is used even when equipment is turned off. Phantom energy is not insignificant – according to some experts it can account for as much as 15% of the total energy consumption of an electronic device! The best way to avoid phantom energy consumption is to put all devices on a switched line or power strip … all devices can then be turned completely off with one flip of the switch.

Low-flow shower heads: These only cost about $40 and can be installed throughout your home. Save an estimated $250 per year for each traditional shower head replaced!

Window Weatherstrip, Caulk, and Seal: Replacing old, drafty, single pain windows isn’t cheap (about $4000 to install 8 mid-level windows), but you’ll save up to $465 per year for each 2000 ft.2 area—while increasing the property’s value. Another lower cost alternative is to simply have a handyman check all windows for drafts and small openings on seals and points of closure. Inexpensive weatherstripping, expanding foam or caulk can be easily used to seal cracks around windows and door frames where heat or cool are may escape from your home.

Solar panels: State and federal subsidies have drastically reduced the cost of solar panels. They’re a big upfront investment; but with subsidies and cost savings, they can be paid off in as little as 4 years.

NCPG works with our clients to assist in getting estimates on utility consumption saving devices or appliances in their homes. One of our staff members is always available to to discuss what is best for a home and recommend an energy vendor to meet a property owner needs!

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

North County Property Group’s New Location!

Tuesday, June 14th, 2016
North County Property Group, Del Mar Headquarters

North County Property Group’s New Office Location in Del Mar, CA in “The Timbers”

June 6, 2016

North County Property Group has moved! Our new Del Mar, CA corporate office is located in the iconic Timbers building, visible and recognizable from Interstate 5 between Via de la Valle and Lomas Santa Fe. NCPG made the move to the new location to be more central to our portfolio properties in both directions along the North County I-5 Coastal Corrridor between Hwy 56 and 78.

Timbers front entrance

Front Entrance to The Timbers

 

 

Come visit us at our new location:

North County Property Group

445 Marine View Ave, Suite 240

Del Mar, CA 92014