When you want to buy a property, it is always in your best interest to get an inspection. It is usually not a requirement, but some lenders may make it mandatory. Even if you do not have any obligation to get one, you should still do it. A property inspection gives...
If you plan to rent property in California, you must understand the various protections for the renter and the owner. Under the Tenant Protection Act, multiple protections are in place that restrict what property owners can and cannot do regarding their property when...
When purchasing real estate, most people and investors require financing through a traditional lender. As you research your options, you may see two different terms: preapproval and prequalification. While some lenders may use both terms interchangeably, they...
The security deposit is the money you take from your tenant to protect yourself if the tenant breaks any lease terms. You can use the deposit to pay for damages, cleaning, key replacement or to pay for unpaid rent. It is vital to understand security deposits before...
While purchasing a new piece of property can be an exciting venture, you also have to watch out for various risks. The more you watch out for, the less likely you will make a mistake that may compromise your investment. If the seller has unresolved problems with the...
When investing in real estate, most people perform a title search to check for any tax liens. However, if someone does not do a check or if someone misses a lien on the property, it can become a problem later for the buyer. If you have an interest in real estate...
You will need to secure a mortgage loan and obtain title insurance in order to purchase property. Perhaps the home you wish to buy has been unoccupied for more than a year. Should you file a quiet title action to address any possible claims to the title? About a quiet...
During real estate transactions, one goal is to avoid litigation. This is particularly, true during a construction transaction because construction defects can destroy a building’s useful life. However, construction litigation can be avoided with inspections....
For Los Angeles property owners and people who rent those properties, understanding the eviction process is essential. From the perspective of the property owner, the right of eviction is a vital aspect of owning the property and maintaining it. This is true no matter...
Every year, homeowners and business owners get a real estate tax bill. And, every year, it goes up and up, regardless of the state of the property or what you think the property is worth. However, you may be able to reduce your real estate tax bill if you appeal it....