Good Life Property Management

?? Orange County Rental Providers: Stay Ahead of New Laws and Protect Your Investment! ?? Don’t get caught off guard by changing laws—click this link to stay in the loop https://lnkd.in/gTNcBqA2 In a market where laws and regulations are constantly evolving, staying informed is crucial for rental housing providers. We’ve created a one-stop resource to help you stay compliant and manage your properties with confidence. ?? Subscribe to our newsletter for expert updates on new regulations ?? Explore our OC resources for advice on managing your rentals and maximizing profits #OrangeCountyRentals #PropertyManagementTips #RentalHousingProviders #StayCompliant #OCRealEstate #InvestSmart #LandlordSupport #PropertyLaws

We are going LIVE on our INSTAGRAM at 10 am PST with Heather Ferbert, who is running for San Diego City Attorney to discuss housing issues you truly care about! Join us today! https://lnkd.in/gnuY_UeK

Is the point of life making money? Obviously not but it feels that way sometimes. I get FOMO at times. People are buying this asset or you could buy an apartment building. Crypto. Invest in this... It’s easy sometimes for me to fall into FOMO. But I quickly regroup… Get calibrated on my mission: My gift is bringing enthusiasm and positivity to people, projects, and ideas, that give me energy, in order to create opportunity for people to live a better life. I’m not buying X or investing in Y because it doesn’t give me energy. Or at least not as much energy as what I’m currently working on. I love rallying people around an important idea or purpose. That’s my jam. So anything that makes money but takes away my attention from my purpose, I don’t do. The reason I own Good Life is because it doesn’t feel like work. It feels purposeful.

99% of people get the 1031 exchange rules in California horribly wrong. So I researched and—here's how to take advantage of these rules: ? Step 1: Understand the Basics of 1031 Exchanges Most people simply try to swap one property for another without understanding the nuances. Instead, I consulted with my awesome team and we recommend the following actions: Thoroughly research IRS guidelines on 1031 exchanges. Consult with a qualified intermediary who specializes in 1031 exchanges. Understand the timelines and deadlines involved (45-day identification period and 180-day exchange period). Instant results. ? Step 2: Identify and Qualify Properties Once you've understood the basics, then you need to: 1: Identify multiple potential replacement properties within the 45-day identification period. 2: Ensure the properties qualify under IRS rules for like-kind exchanges. 3: Conduct due diligence on each property to avoid potential pitfalls. Our clients have achieved significant tax deferral benefits just by following this framework. ? Step 3: Execute the Exchange Properly Finally, to get ahead of the 99%, you need to execute the exchange correctly. That's easy to say, but not simple to do. Work closely with your qualified intermediary to ensure all paperwork is filed correctly. Keep meticulous records of all transactions. Stay informed about any changes in IRS rules or California-specific regulations. Find my document below with highlights of the 1031 exchange rules. It's hard—but worth it in the end.

Ever wondered why the topic of squatter rights keeps trending in rental property discussions? For those not in the know, squatter rights refer to legal protections for individuals who occupy property without the owner's permission. In California, evicting a squatter involves a legal process akin to evicting a tenant, typically taking 4-6 months. To combat this issue, California introduced Senate Bill 602 (SB 602) in 2024. This bill enhances property owner protections by allowing them to electronically submit Trespass Authorization Forms to the local Sheriff, expediting the removal process of squatters without court intervention. However, the process, requiring notarization and pre-filing, may be cumbersome for many. Here are the key highlights of this bill: Extends the maximum period for a property owner's request for law enforcement assistance in dealing with trespassers from 30 days to 12 months. Allows property owners to submit these requests for assistance electronically to law enforcement agencies. For properties that are permanently closed to the public and properly posted, allows requests for assistance to remain valid for up to 3 years. Authorizes local governments to accept electronic submissions of these trespass assistance requests from property owners. Removes a previous provision that would have allowed requests to continue after a change in property ownership if the new owner notified law enforcement.

99% of people get the 1031 exchange rules in California horribly wrong. So I researched and—here's how to take advantage of these rules: ? Step 1: Understand the Basics of 1031 Exchanges Most people simply try to swap one property for another without understanding the nuances. Instead, I consulted with my awesome team and we recommend the following actions: Thoroughly research IRS guidelines on 1031 exchanges. Consult with a qualified intermediary who specializes in 1031 exchanges. Understand the timelines and deadlines involved (45-day identification period and 180-day exchange period). Instant results. ? Step 2: Identify and Qualify Properties Once you've understood the basics, then you need to: 1: Identify multiple potential replacement properties within the 45-day identification period. 2: Ensure the properties qualify under IRS rules for like-kind exchanges. 3: Conduct due diligence on each property to avoid potential pitfalls. Our clients have achieved significant tax deferral benefits just by following this framework. ? Step 3: Execute the Exchange Properly Finally, to get ahead of the 99%, you need to execute the exchange correctly. That's easy to say, but not simple to do. Work closely with your qualified intermediary to ensure all paperwork is filed correctly. Keep meticulous records of all transactions. Stay informed about any changes in IRS rules or California-specific regulations. Find my document below with highlights of the 1031 exchange rules. It's hard—but worth it in the end.

As a leader in property management, Good Life has been closely observing the California home insurance crisis over the past few years. These changes are more than just industry trends. Rather, they directly impact the way homeowners and property investors will approach their insurance needs in California.

Big news, San Diego! Good Life Property Management is expanding to Orange County!!

Many landlords are worried about a squatter taking over their property. This information will help you be prepared and provide tips on how to avoid them.?

Navigating the murky waters of repair responsibilities in rental properties often transforms into a blame game between landlords and tenants. In our latest Newsletter, we dive deep into the dynamic between landlord and tenant responsibilities regarding rental property maintenance. Understanding who is accountable for what can significantly streamline the process of addressing repairs and maintenance issues, ensuring they are handled swiftly and effectively. Stay ahead of potential disputes with our comprehensive guide. #RentalProperty #LandlordTenantLaw #PropertyManagement #HomeRepairs