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Neighborhood Spotlight: Los Feliz

In Spanish, the word “Feliz” means “Happy” and anyone who has spent much time in Los Angeles’ iconic Los Feliz neighborhood will tell you it is aptly named. In fact, the main street is Disneyland—the self-proclaimed happiest place on Earth—is actually modeled off this neighborhood’s historic charm from the 1920s and 1930s. The neighborhood was the shooting location of Double…

Los Angeles and it’s plan to reopen businesses, dining, and more!

Los Angeles County—the most populous county in the United States—is preparing for a gradual reopening, along with the rest of California. Though the COVID-19 outbreak has not yet been completely eliminated, there are many reasons for Angelinos to rejoice. “With vaccine supply increasing and by expanding eligibility to more Californians, the light at the end of the tunnel continues to…

Master of Your Domain: How to Make the Most of Your Sphere of Influence in 2021

Across industries, professionals’ Sphere of Influence (SOI) is made up of people over whom they have some influence. This can and does include coworkers, colleagues, and business associates, but it also includes friends, family members, and community members. In general, SOI spans all the people with whom we interact regularly, and who, more often than not, have a good understanding…

How to Find the Right Real Estate Agent to Sell Your House

A combination of record-low mortgage rates, low inventory, and the increased appeal of non-urban residential areas in a pandemic made 2020 a strong year for home sales. Existing home sales were generally up year over year — in October, by as much as 27%. Without a doubt, the combined effects of limited supply and increased demand made 2020 a sellers’…

The $300,000 Transfer: When an LLC Makes More Sense than an S Corp

Despite efforts in recent years to simplify it, the U.S. Internal Revenue Code (IRC) remains extraordinarily complex. There exist many distinctions that are hidden from plain view. Particularly when it comes to real estate, falling on the wrong side of one such distinction can be very costly. For owners of rental properties, S Corporations have a range of potential upsides…

10 Best Spots to View Holiday Lights in Los Angeles

Admittedly, New York City’s 5th Avenue probably has a lock on the most impressive urban holiday decor. Without the prototypical snow-covered streets, evergreens, and wind chill factor, outsiders might think that Los Angeles could never measure up. But we’re happy to report that, for those of us who know where to go, that could not be further from the truth….

Buyer’s Almanac: 5 Tips for First-Time Homebuyers

We know it better than anyone: Buying a home is a complicated process, especially if you’re doing it for the first time. Fortunately, your DRU Advisor is here to help simplify the process. To help you avoid common mistakes — e.g., buying the wrong home, or making a poor investment — we’ve polled our team and assembled five crucial pieces…

Foreclosure Crisis Looms as Federal Benefits Run Out

The V-shaped COVID-19 recovery many experts expected has regressed several letters in the alphabet, to K. In other words: High-income, affluent individuals will recover relatively quickly, whereas the lower-income population is at serious risk of plunging into poverty. People who derive their primary income from service industry jobs have been hit especially hard by the pandemic. For several months, unemployment…

SoCal Surge: Home Sales Up, Inventory Down

Home sales in Southern California have been rising since May. But as of the week ending Aug. 29 — in which buyers signed contracts for 3,770 properties — home sales were rising so quickly that they were outpacing available inventory. 3,770 new escrows represents a 0.7 percent rise week-over-week, and a 6 percent rise year-over-year. By contrast, the 25,800 homes…

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