Entries by DeLeon Team

Expansion of Property Tax Transferability

By Michael Repka, Esq. (LL.M. (Taxation) — NYU School of Law) Since the passage of Prop 13 in 1978, California property tax on newly acquired property has been calculated based on the value of the property on the date of purchase. Although this value is adjusted every year, it can never increase more than 2% […]

Palo Alto Cultural History

By Michael Repka & Michelle Lee Palo Alto is often named among the best places in the country to live, and it’s easy to see why. The weather is near perfect, the city’s public schools rank among the top nationwide, and Palo Alto rests adjacent to esteemed Stanford University. World-class companies have also put down […]

DeLeon Insight September 2018

THE COMEBACK KID: JOSEPH EICHLER By Michelle Lee, DeLeon Marketing Dept A LOOK AT THE HISTORY OF EICHLER HOMES AND THEIR RESURFACING POPULARITY Grab a piece of paper or your smartphone and jot down some of the key elements that are must-haves for your dream home. Do you favor more traditional styles or post-modern designs? […]

Redwood City Continues to Boom

By Alex Seroff For many decades as municipalities surrounding Redwood City grew in size and prestige, it languished behind the rest of the Peninsula. However, times have changed and the renaissance of Redwood City is in full force. The first step was the revitalization of the downtown area. By 2006, the 20-screen movie theater, new […]

Long Listing Agreement Trap

By Michael Repka, Esq. In many ways, the deck is stacked against the Sellers when they sign a listing agreement with a real estate agent. Irrespective of whether the agent decides to use the Peninsula Regional Data Service (“PRDS”) form or the California Association of Realtors® (“CAR”) form, the Sellers will find that the agreement […]

The Ellis Act: A Valuable Option for Investing in Rent-Control Cities

By Colette Thomason, Esq. Property investors often shy away from purchasing a multi-family building in a city with rent control.  Rent control often means low rent which in turn, to a landlord, means low income.  At the same time, rent control protects long-term tenants from market value rent and eviction.  Between these two competing interests […]