Tax reform proposal would cut many real estate deductions
Many long-standing home real estate tax benefits would be eliminated or sharply reduced under Rep. Dave Camp's tax overhaul plan.
WASHINGTON — You may have seen reports about a major tax reform proposal floated recently by Rep. Dave Camp of Michigan, the chairman of the House Ways and Means Committee.
A spacious retreat in the woods
The nine-bedroom home in the San Bernardino Mountains features a lodge-like living room centered on an oversized stone fireplace.
A children's bunk room that sleeps 12, maids quarters and a guesthouse mean there's plenty of room for the ski crowd at this three-story retreat on a wooded lot in the San Bernardino Mountains. The lodge-like living room, with soaring ceilings and wooden beams, centers on an oversized stone fireplace.
'Supernatural' star Jared Padalecki sells Valley house
The 1924 Spanish-style home, featuring vaulted beam ceilings and stained glass, has been fully renovated.
Jared Padalecki, who stars on the long-running CW series "Supernatural," has recorded a very down-to-earth house sale in the San Fernando Valley for $2.4 million.
Can landlord be liable for property manager's unlawful action?
A building's owners get a complaint saying their property manager sexually harassed a tenant. Are they liable?
Question: My wife and I purchased a 10-unit residential building as an investment. This is our first time owning a rental property, and we quickly realized it's a lot of work. We hired a property manager to deal with all of the details, and for a while everything seemed to be fine. Last week, however, we received a notification from the Department of Housing and Urban Development that one of our tenants had filed a complaint against us, claiming that our property manager had sexually harassed her. We know nothing about this — can we be liable for what the property manager did here? We hired him so that we wouldn't have these kinds of headaches!
Getting better financial data from homeowner association
If homeowners are unable to determine their association's financial health from the reports provided, the board has failed to meet its legal obligation.
Question: Our board is very lax when it comes to financials. We don't get timely information, and the information we do get from management and our treasurer is so sparse that owners and the board alike don't have any idea where our association stands. Is there some kind of format that financial statements must follow?