Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

Overall, it was good to me, but it was certainly more work than market rate tenants, simply because I effectively had small turns every year with the inspection repair lists.  

A positive answer reinforces their suitability as a renter.Tips for Conducting Effective Reference Checks Effective reference checks help you select reliable tenants who will respect your property and fulfill their financial obligations.

The silver lining to that is that, because rents increases have been suppressed for a while, there should be some upward pressure on them to snap back up after home prices start to rise again, which is effectively happening now because rates finally went down.

What are some of the most effective marketing strategies used by property managers of multifamily properties 30 units and up to attract tenants? 

3) Aside from washing the walls or getting a full repaint quoted, would it be reasonable to deduct the expected cost of "Kilz" paint/odor sealant brand for effected square footage?

@Jonathan BockMost probably dont know that their marginal tax rate is different from their effective tax rate.

Is now a bad time to buy because of the presidential election? Is there a large possibility of prices dropping?

If the husband leaves early, he is likely in violation of the lease agreement and remains liable to pay rent while the tenancy remains in effect.

With over 10 years of experience in managing and renovating properties, we understand the intricacies of effective rental management.