Fannie and Freddie Set Timeline Requirements for Short Sales
BY: CARRIE BAY Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days. The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring greater transparency to [...]
Property Managers, Landlords and Real Estate Investors – How to Get Tax Help from the IRS
Property managers, landlords and real estate investors, when tax season is in full swing, the Internal Revenue Service receives millions of calls and thousands of taxpayer visits daily. For faster service, avoid peak times like Monday and Friday mornings when wait times are usually longest. Better yet, get the help you need online 24/7 without [...]
Owner’s Corner: Work Order Moderation
Posted by Jerry in Apartments on March 24, 2012
Recent enhancements within our system now allows for increased transparency within the maintenance and work order process. We have enabled a feature that allows for the work order to be reviewed and approved. Previously, our system sent out an email to notify you that there was a new work order for your property. With these [...]
Could smoking be banned in SD apartments?
Posted by Jerry in Apartments on February 29, 2012
Written by Lily Leung Smoking in apartments and condos in the city of San Diego could be banned if a proposed ordinance becomes official. The proposal, which was recently reviewed in a City Council committee, would give non-smoking tenants the power to make their living environments smoke-free. Right now, landlords have the choice to designate [...]
Review your 2011 1099-MISC and supporting 2011 financial documentation online on your Owner Portal
Posted by Jerry in Uncategorized on February 4, 2012
Your 2011 1099-MISC for the rental income received has been uploaded successfully to your Owner Portal. Additionally, Income Statements separated by building (if applicable), as well as Income Statements for the entirety of 2011 and Year End Owner Statements have also been uploaded to your portfolio. Your accountant will need to review these documents while [...]
SDCAA – STOP SB 184
Posted by Jerry in Apartments, Legal on January 25, 2012
by ogalvez@sdcaa.com Stop the bill to reauthorize RENT CONTROL in California!! What SB 184 Does The bill overturns a court case that affirmed California’s now 16-year-old law, Costa-Hawkins, prohibiting rent control on newly constructed apartment units. The result would be an insidious new form of rent control – capping rents on units for as long as [...]
2011 Year End Tax Tips for Landlords, Real Estate Investors, Vacation Home Owners
Landlords, Real Estate Investors, Rental Property Owners, Vacation Home Owners – it is important to prioritize end of the year tax planning. You can keep more money in your pocket by taking advantage of available tax benefits and by tapping into new tax saving opportunities. Take action now to SAVE on taxes! ACT BEFORE DECEMBER 31, 2011 [...]
Request for Proposal (RFP) Service
Posted by Jerry in Uncategorized on November 13, 2011
Pacific Legacy Property Management, as well as Pacific Legacy Maintenance Services, has build a solid foundation with reputable vendors that can get the job done. As a service to our vendors, our owners, our residents, and the community, we have build this page to assist with the Request for Proposal (RFP) process.
New Reports Urges More Detailed Utility Metering to Improve Building Efficiency
Posted by Jerry in Apartments on November 9, 2011
ScienceDaily (Nov. 9, 2011) — A new interagency report recommends systematic consideration of new metering technologies, called submetering, that can yield up-to-date, finely grained snapshots of energy and water usage in commercial and residential buildings to guide efficiency improvements and capture the advantages of a modernized electric power grid. Commercial and residential buildings consume vast amounts [...]
San Diego Residents Encouraged to Check Water Bills
Posted by Jerry in Apartments on November 3, 2011
By ogalvez@sdcaa.com SDCAA is encouraging all owners, managers and tenants in San Diego to check their water bills for billing errors. According to an article published this week many ratepayers have been overcharged and are unable to pay their bill online. In some cases, this has caused water shutoffs. The City of San Diego launched a [...]