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  • Real Estate Mediations and Compliance with the Residential Purchase Agreement Mediation Requirement
    2025/04/02

    Join Real Estate Attorney, Real Estate Mediator and Real Estate Broker, Devin Lucas, discuss Real Estate Mediations and Compliance with the requirement for pre-litigation mediation under the California Association of REALTORS® Residential Purchase Agreement ("RPA").

    This is a LOT of information, normally an hour-long in-person presentation (even then, too short) into under 18 minutes.....

    We discuss
    1) What is Mediation
    2) Requirement for Mediation
    3) Who attends the Mediation
    4) Is an attorney required for Mediation
    5) Where to find a Mediator
    6) Costs for Mediation
    7) How to comply with the requirement for Mediation
    8) What if the other party does not respond or is being difficult in selection of a Mediator or scheduling?
    9) Attending the Mediation / process

    Visit our website for additional information on Real Estate Mediations

    https://lucas-real-estate.com/mediation

    Lucas Real Estate, A Professional Corporation
    Real Estate Law | Real Estate Transactions | REALTORS®
    2901 West Coast Highway Suite 200
    Newport Beach | California | 92663-4023
    O. 949.478.1623
    info@lucas-real-estate.com
    lucas-real-estate.com

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    18 分
  • California’s Price Gouging Laws: What Landlords in Newport Beach & Costa Mesa Need to Know!
    2025/04/02

    📢 Landlords, are you prepared for California’s price gouging laws during emergencies? 🏠🔥

    CRITICAL UPDATE – As with many laws, this topic is evolving. On February 4, 2025, Governor Gavin Newsom issued Executive Order N-17-25, which modifies California’s price gouging protections and changes two key topics in the article below: 1) “Housing” now applies to leases of ANY duration, not just under 12-months; and 2) various zip codes are now exempt from the HUD calculations. Read our updated article here: https://lucas-real-estate.com/february-2025-executive-order-on-price-gouging/ (article on updates to price gouging laws) and ensure to consult with legal counsel before proceeding on any aspect as these laws continue to evolve and additional aspects that continue to change over time may not be updated on this blog.

    This video was recorded as part of a presentation given by Devin Lucas on January 29, 2025, to a group of realtors. The session provides a detailed review of price gouging protections and how they apply to rental housing in Orange County, including analysis, real-world examples, and expert tips. The video also features an engaging Q&A session covering common landlord concerns.

    💡 We Cover:
    ✔️ What types of housing this law applies to (short-term vs. long-term rentals)
    ✔️ How rental price limits are calculated
    ✔️ The difference between county-wide FMRs and ZIP-code-specific Small Area FMRs (SAFMRs)
    ✔️ Real-world examples from Newport Beach & Costa Mesa
    ✔️ When the 160% HUD rule applies
    ✔️ Expert Q&A session with practical insights for landlords and property managers

    If you’re a property owner, property manager, or real estate investor, this video is a must-watch to stay compliant with California’s strict rental laws during emergencies.

    Lucas Real Estate, A Professional Corporation
    Real Estate Law | Real Estate Transactions | REALTORS®
    2901 West Coast Highway Suite 200
    Newport Beach | California | 92663-4023
    O. 949.478.1623
    info@lucas-real-estate.com
    lucas-real-estate.com

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    27 分
  • 2025 California Landlord-Tenant Law Updates | Screening Fees, Security Deposits & More!
    2025/04/02

    New landlord-tenant laws take effect in California in 2025, bringing significant changes that landlords, property managers, and realtors need to know. This video is part of a presentation given by Devin Lucas on January 29, 2025, to a group of realtors, covering these critical updates in detail.

    🏡 Topics Covered:
    ✅ New rules on application screening fees and how they impact landlords and tenants
    ✅ Security deposit changes, including mandatory photo documentation requirements
    ✅ Tenant credit reporting options and exemptions for small landlords
    ✅ Expanded lock-change protections for abuse victims
    ✅ Protections for small commercial tenants and changes to unlawful detainer timelines

    📍 Special focus on Orange County, Newport Beach, and Costa Mesa, with expert analysis, examples, and tips for compliance. The video also includes a detailed Q&A session where common questions are answered.

    💡 Need expert guidance? Lucas Real Estate specializes in landlord-tenant compliance, property management, and real estate legal consulting. Contact us today for expert advice!

    🔗 Read more in our blog: https://lucas-real-estate.com/blog/

    Subscribe to our newsletter: https://lucas-real-estate.com/newslettersignup/

    📞 Contact us: 949.478.1623 office | info@lucas-real-estate.com

    Lucas Real Estate, A Professional Corporation
    Real Estate Law | Real Estate Transactions | REALTORS®
    2901 West Coast Highway Suite 200
    Newport Beach | California | 92663-4023
    O. 949.478.1623
    info@lucas-real-estate.com
    lucas-real-estate.com

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    39 分
  • Understanding Capital Gains Taxes in Real Estate & IRS Section 121 Exclusion
    2025/04/02

    Questions about Capital Gains in real estate, calculations, rates, and potential exclusions? Selling your home? Learn how you could qualify for a $250,000 or $500,000 tax exclusion on capital gains under IRS Section 121—but only if you meet the two-part test! ✅

    In this episode, we break down:
    ✔️ What are capital gains taxes on real estate?
    ✔️ How the IRS Section 121 exclusion works (aka the Homeowners Exemption)
    ✔️ Who qualifies for the $250,000 (single) or $500,000 (married) exclusion
    ✔️ The Two-Part Test: Ownership & Use Requirements
    ✔️ Capital Gains Tax rates & how much you could owe
    ✔️ Exceptions & special considerations (military service, divorce, rental conversions & more)
    ✔️ Deductions & ways to reduce your taxable gain

    💡 Did you purchase a home before 1997? There are important considerations you need to know regarding the old capital gains rollover rules—we explain what it means for your sale today!

    📌 Thinking of selling real estate in California? At Lucas Real Estate, we specialize in real estate sales, legal & tax strategies, trustee sales, inheritance, Prop 19, and more. Book a consultation or learn more at: lucas-real-estate.com

    📩 Need expert real estate advice? Contact us at info@lucas-real-estate.com or (949) 478-1623

    📢 Subscribe for more real estate & tax insights! 🔔

    Lucas Real Estate, A Professional Corporation
    Real Estate Law | Real Estate Transactions | REALTORS®
    2901 West Coast Highway Suite 200
    Newport Beach | California | 92663-4023
    O. 949.478.1623
    info@lucas-real-estate.com
    lucas-real-estate.com

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    33 分