Bay Area apartment rents are on the rise, fed by the contrasting economic forces of a booming tech recovery and the steady flow of foreclosures that is turning former homeowners into renters. The San Jose metro area, which includes Silicon Valley, weighed in with the highest average rent — $1,759 a month — among 43 metro [...] Read the full article.
The NPMA Releases First-Ever Comprehensive Global Bed Bug Study to Determine Extent of Resurgence Survey conducted in partnership with the University of Kentucky reveals growing epidemic A new survey conducted by the National Pest Management Association (NPMA) and the University of Kentucky, confirms what pest management professionals across the U.S. and [...] Read the full article.
Non-Resident Withholding Requirements for Property Management Companies The California Franchise Tax Board (FTB) now requires that property management companies who collect residential rent for out-of-state owners are required to withhold and remit seven (7%) percent of the rent when the rent exceeds $1500 for the calendar year. Read the full article at http://www.naylornetwork.com/CAA-nwl/articles/index-v2.asp?aid=116878&issueID=22007 Read the full article.
The California Apartment Association has launched a new web site with lots of great information for investors and residents alike. http://www.caanet.org/ Read the full article.
1031 Exchanges promote buying and selling activity by allowing deferral of gains when making like kind exchanges. Elimination of this code which will decrease property values and increase barriers for owners looking to trade up. Read the full article.
The City of San Jose has annexed our location from county to city and has assigned us a new suite number. We are physically in the same location, however our new suite number is 1250. Read the full article.
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