You know how California is, it is so amazing we have more people than housing. And instead of building up, which is starting to happen more, we think of a way to make existing square footage and street house more people. In January of 2020, ADU (Additional Dwelling Unit) and JADU (Junior Additional Dwelling Unit) became more mandated and allowed by the government for the cities to figure out. What does this mean and what does this look like? Let's break this down one by one: Additional Dwelling Unit - Detached The simplest way to separate them is Detached versus Attached. For this example, we will use a decent sized lot with a house in front and a small back house in the back. The back house would be the ADU. If you were leasing both homes out, you would receive two rents as the owner. Junior Additional Dwelling Unit - Attached A JADU is usually smaller than an ADU and attached to the home in question. For this example, imagine you have a 3 bedroom 2 bath home with a large ...

In a recent blog, we discussed more briefly about the Coronavirus (aka COVID-19). In this blog, I would like to provide a more company centric/industry specific update about the Coronavirus. This is the Coronavirus update for The Results Real Estate Group, a Real Estate Team at Realty Pro 100.  On the real estate end, things are going mostly normal. The office is practicing social distancing and open houses are still being attended. In this time, Home is the only for sure thing that can not change-so whether you are leasing or buying, there is very much a lot of enthusiasm for obtaining a safe place to harbor. Loans are very busy with interest rates being dropped again. Most things that can be handled over phone or email are being handled as such-and visitations are safe with distancing.  So, like the meme says, stay calm and keep moving forward. I am available by phone, email, social media and by visitation (as requested). I urge us all to stand together and get thr...

Is it just me or have you also noticed how ransacked most stores look-if they are even open? Or how we are creating Toilet Paper Millionaires and a generation of Coronial Babies? By the time you are reading this, it is very likely that everyone in the world knows (or thinks they know) about the Coronavirus (aka COVID-19). It has impacted lives around the world in Personal, Professional, and in some cases Tragic ways. I would like to take a moment to talk about what the Coronavirus is, the impact it is having, and what you can/should be doing about it. The best way to combat a virus, or anything for that matter, is to: 1. Inform yourself 2. Make a plan 3. Make that plan happen-the rest is out of your hands. Let’s start by getting to know the enemy a little bit. What is the Coronavirus? “It is a respiratory illness that can spread from person to person. The virus that causes the virus is a novel coronavirus that was first identified during an investigation into an outbreak in Wuhan,...

So, despite the fact that 2018’s Prop 10 failed by a wide margin with 59% against , the State of California has decided that they know better than the voters and have passed statewide rent control anyway, 25-10 for the bill. The bill will allow for rent increases not to exceed 5%+CPI (the consumer price index, which is confusing by itself), it DOES NOT exempt low unit landlords, and it is overlaid on top of existing rent control. It is no exaggeration to say that the state wants to be in the business of housing, to have all the liability be on the owners and for fees, licenses, point of sale retrofits going to the state. A quick history lesson , This is a stunning and generational about-face of the landmark 1995 Costa Hawkins legislation that the voters of the state of California agreed to allow rent control to die a slow death. This act did not allow the formation of new rent control by cities. This was written as a direct response to the Rent Stabilization Ordinance (RSO) ...

An oft discussed topic for old fogey real estate professionals that the young ‘uns should pay attention to is the special status that real estate agents have as independent contractors. In this country, Real Estate is a protected industry, mainly because it is seen politically as the main step in the ladder to the middle class. This has affected mortgage policy and real estate agents, they have been purposely given generous terms. The point of bringing these points up is that real estate does not exist in a vacuum, and it cannot exist as it does today without massive government backing, through regulation, taxation and legislation. The recent signing of Assembly Bill 5 (AB5) is a step to close this. Though the purpose of the bill is to target the ‘gig economy’ of Uber, Lyft, Doordash, Postmates and hundreds of others, there was a special exception for certain types of workers, including real estate. This policy codifies an earlier legal decision from the California Supreme Co...