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These reforms included: Banning minimum lot sizes for ADU construction Eliminating impact fees for smaller ADUs Easing parking requirements Removing owner-occupancy rules Allowing multiple ADUs on certain lots In 2023, Los Angeles County issued over 45,000 ADU permits, much more than the 10,000 permits issued statewide in 2018.
Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too. To learn more, check out our blog post on 1031 exchanges.
Over the years, we’ve received numerous accolades, including the Best Property Manager for the Best of North State 2022 and 2023. We were also honored as the 'Best Business' of 2023 by the Redding Chamber of Commerce by solidifying our position as a trusted partner for both property owners and tenants.
One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Many PMs outsource things like plumbing, HVAC, and other contractor work. At Second Nature, our renters insurance program has 100% compliance.
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