Rent Relief for Landlords and Tenants

Whether it’s a health-related event or a significant financial hardship, COVID-19 has affected all of us. As the nation continues to recover, the state of CA is committed to keeping families housed and recognizes that renters and landlords have enough to worry about. By implementing the COVID-19 rent relief program, the state wants to make…

Read More

Development Spotlight: Ladera

Ladera at Righetti is a collection of 64 single family homes located at the south end of San Luis Obispo within the Orcutt Area Specific Plan. The Orcutt Area Specific Plan is an area that has been slated for residential development for the last few decades and a few years ago, construction of homes finally…

Read More

Proposition 19, Simplified

Proposition 19 Simplified With California voters passing Proposition 19 in November 2020, there are various provisions home buyers and sellers should be aware of when considering a move. Let’s take a look at some of the basics How does Proposition 19 change the rules on tax basis portability? Prop 19 allows a homeowner who is…

Read More

How to Win a Bidding War in a Hot Market

Given low interest rates and an overall lack of inventory to choose from, many buyers are finding themselves in multiple offer situations and bidding wars to get the home of their dreams. This often times give a Seller more leverage in negotiations, leaving Buyers to find creative ways to make their offers more attractive. Let’s…

Read More

September 2020 Real Estate Update

The California housing market continued to improve in August, with the median home price breaking $700,000 to hit a new record. August sales topped 465,400, the strongest pace in 10 years, and the second straight month over 400,000 as motivated buyers flooded the market. According to C.A.R.’s weekly data, home sales in California have fallen in recent…

Read More

Understanding 1031 Exchanges

The 1031 Exchange is one of the single greatest wealth building tools available to the real estate investor. Internal Revenue Code Section 1031 allows investors to defer the payment of capital gains taxes when selling an investment property and exchanging into another investment property. While there are a few different ways to complete a 1031…

Read More

Cal Poly to be Virtual in Fall, 2020?

With the announcement last week that most Fall 2020 classes at Cal Poly will be held virtually (along with the other 22 campuses in the California State University system), many students and landlords are left scratching their heads at how to plan for the future. While uncertainty is rampant regarding the coronavirus and its effects,…

Read More

Q&A: The CA Moratorium on Evictions

With many industries in California shut down due to Governor Newsom’s Shelter At Home Order, many landlords and tenants are trying to figure out what to do when a tenant can’t pay rent. Here’s an excerpt from the California Association of REALTORS legal department updated 4/13/2020 regarding this issue. Does the Governor’s order establishing a…

Read More

How COVID-19 Affects Real Estate

We are in uncharted territory – that much is clear. After a Shelter-in-Place order was announced by SLO County on March 18th and a subsequent statewide order was announced on March 19th, the real estate community has been left to decipher whether or not sales activity are deemed “essential”. The California Association of Realtors® (C.A.R)…

Read More

Cal Poly’s 2035 Master Plan

With more than 21,000 students enrolled at Cal Poly, the effect those students have on local housing can not be understated. Last year, Cal Poly released the 2035 Master Plan detailing how the university will grow and improve over the next two decades. The document provides for an anticipated increase in demand for academic facilities,…

Read More