​ With all the uncertainties that Covid has brought amongst us, one thing that is certain is the downward spiraling effects of Biden’s proposal to cut 1031 exchanges. The Internal Revenue Code section 1031 allows real estate investors to avoid paying capital gains taxes when they sell a property and reinvest those proceeds in a different property or properties of qualifying like-kind exchange. With the new Biden plan, those transactions are set to be eliminated. Increasing ta

The era of pandemic rent declines appears to be over. After falling through much of the COVID-19 crisis as people relocated to suburbs or moved in with relatives, rents in big cities including Los Angeles, San Francisco and New York are now on the rise. And experts say that prices are likely to keep swinging upward. “Landlords are really eager to charge more rather than charge less,” said Rob Warnock, research associate with rental website Apartment List, whose data show the