Diamond Hills Management

09/19/2022

We now serving in Bay Area for Home Improvement, feel free to message us any details. Free consultation

09/19/2022

We specialize Home Improvement in Bay Area now! Please message if you have questions!

01/02/2018

Great news! We have extended the holiday promotion to at the end of this month!

01/02/2018

Beginning January 1st, 2018, a seller of residential real property within a common interest development (i.e.: condos, townhomes, etc.) shall disclose to the prospective buyer(s) the existence of any solar energy system owned by the seller and the related responsibilities for owning such systems.

12/29/2017

Reminder the new tax starts on all recordings on and after this coming Tuesday:

Under this Act there will be an additional $75.00 fee per instrument, per each single transaction per parcel of real property assessed on top of the regular recording fee. While it is not clear the position each County is taking on the new law, it is evolving daily, this is we do know:
• The fee applies to ALL documents recorded in connection with real estate that are not defined as exempt
• There is a maximum charge of $225 per transaction on all documents recorded concurrently on that parcel. After the maximum has been met add the following on any additional documents (Exempt from fee per GC 27388.1 (a) (1); fee cap of $225 reached”)
• Post-closing “trailing” documents that are not recorded concurrently with the closing docs are charged separately and not covered under the $225 cap
• Documents with multiple titles will be charged per title. (e.g. (1) Substitution of Trustee and Full Reconveyance. The charge would be $75 x 2 titles = $150. (2) Deed of Trust, Assignment of Rents, Assignment of Leases and Security Agreement (4 titles) would be charged the maximum $225.)
EXEMPTIONS:
• Sale transactions where Transfer Tax is assessed are exempt from the additional fee
1. The deed reflecting the transfer tax on the face of the document is automatically exempt Additional documents that are part of that transaction must have the exemption stated on the document or on a cover page attached to that document.
• Re-recordings to correct an omission in a previously recorded document

12/28/2017

How Landlords Can Make Sure Tenants Take Care of Their Property

Problems with a property due to tenant negligence can require time consuming, costly repairs. And when you've invested lots of time and money into making your property look good in the first place, the last think you want is for your investment to go to waste.
Fortunately, you can take steps to help ensure that every tenant you place in your properties will take care of it as if it were their own home. By the time you're done reading this post, you'll have the knowledge you need to motivate your tenants to keep your property in good shape.
1. Screen all potential tenants thoroughly.
2. Build healthy tenant/landlord relationships.
3. Know the neighbors.
4. Give tenants detailed cleaning instructions.
5. Avoid waiving the security deposit whenever possible.
6. Inspect your property regularly
7. Make repairs fast.
8. Include all of the right lease clauses.

12/28/2017

Interesting article about rising construction costs are hurting first-time homebuyers. http://ow.ly/gHz730hsch5

12/27/2017

Is it worth investing in solar panels for your homes?

There are many reasons why homeowners go solar, but improving the environment and cutting energy costs are the most common. Many people are aware that solar is a great home efficiency upgrade and are eager to reduce their carbon footprint while also improving property value.
Whether your motivations for going solar are economic, environmental, or personal, this sizable list of solar power benfits will have something for everyone. Here are the top ten reasons why solar energy is good for your home and more popular than ever in the United States.
#1 Drastically reduce or even eliminate your electric bills.
#2 Earn a great return on your investment.
#3 Protect against rising energy costs.
#4 Increase your property value.
#5 Boost U.S. energy independence.
#6 Create jobs and help your local economy.
#7 Protect the environment.
#8 Demonstrate your commitment to sustainability.

12/26/2017

The start of a new year is the perfect opportunity to take a step back and ask, “How do the larger forces at play in the real estate market impact my job on a daily basis—and how can I leverage this knowledge to stay one step ahead of the competition?”

We know that you don’t have the time to find out what hundreds of experts foresee for the 2018 real estate market. That’s why we’ve done the research for you--and we’ve boiled everything down into 7 quick predictions to help you prepare for the challenges you can expect to face.

Prediction #1: In 2018, average home prices and rents will begin to moderate across the country after years of steep growth.

Prediction #2: San Francisco, New York City, and other primary markets that have seen extreme price growth will gradually glide back down to more sustainable rates. Meanwhile, secondary markets like Raleigh, Charlotte, and Nashville will see an uptick in interest in 2018.

Prediction #3: Our already-tight housing market will feel the impact of the construction labor shortage and natural disaster rebuilding efforts. Affordable single-family homes will only become more difficult to find across the U.S. in 2018.

Prediction #4: In primary markets like San Francisco and New York, rather than competing on rents, property managers and landlords should consider which amenities and concessions can help them to attract and retain residents in 2018.

Prediction #5: In secondary markets like Raleigh, Charlotte, and Nashville, strong rent growth and rising occupancy rates present a great opportunity for property managers and investors looking to grow their businesses in 2018.

Prediction #6: A smart strategy to attract and retain residents in 2018 should include digital capabilities like mobile communication, electronic payments and leasing, and online maintenance ticketing systems.

Prediction #7: Renters’ demographics will become more diverse than ever before, challenging property managers to adapt their amenities to cater to residents of all ages and abilities.

12/26/2017

How does the new Tax Bill affects the homeowners??
There few things major things can affect the homeowners. New home buyers after 2017 would now only be able to deduct interest on the first $750,000 of mortgage debt on a newly-purchased home.
Current homeowners would not be affected by the lower cap. Their cap is still $1,000,000.00

LIMIT ON PROPERTY DEDUCTION
Taxpayers will no longer be able to fully deduct state and local property taxes plus income or sales taxes.
Instead, the legislation allows individuals to deduct up to $10,000 in state and local income and property taxes or state and local property and sales taxes.

Are you improving that house?
Great! You get to keep deducting interest on home equity loans up to $100,000 -- as long as you're using the money for home improvements. But home equity loans and their low interest rates are often also used for purposes that have nothing to do with adding a new kitchen or bathroom -- like consolidating debt, or financing a big purchase, or paying for your child's education. If that's what you're using a home equity loan for, you're not going to be able to deduct the interest.The agreement also suspends the deduction for interest on home-equity loans through 2025.

12/25/2017

12/22/2017

Pet-proofing your rental property tips.
There are ways to pet proof your rentals can be helpful as some landlords and property managers are concerned about opening their properties to pets. However, they also know they can attract and keep more good tenants if they are a pet-friendly property. The maintenance checkup focuses on ways to pet proof your rental property to be sure you are protecting your investment and income as well as keeping your tenants happy!

http://rentalhousingjournal.com/articles/2017/12/11/13-ways-pet-proof-your-rental-property