flooding

Water and Homeowners Insurance

by Susanne Romo When most people think of home insurance and claims, fire or burglary is usually the first thing that concerns people.  But what might surprise you is that neither of those claims is the most common.  Water is. And your homeowner’s policy may or not cover the damage.  The bottom line your claims adjuster will need to know is —- ...

Condo owners should buy secondary insurance

BY BARBARA HOLLAND Posted: Aug. 11, 2012 | 2:04 a.m. Q: I currently own a condominium that I rent to my granddaughter. Last Sunday, the girl who lives in the condo above mine called me and said she heard running water, and asked if would come over and see if we could figure out where it was coming from. I went over and we looked in all the storage ...

John M. Compagno

John M. Compagno The IRS Needs to Know Article San Francisco Phone: 415-743-6990 Email: john.compagno@hklaw.com Web: http://www.hklaw.com If you’re the owner of even a single unit of rental property, starting this year you must start tracking all vendors doing at least $600 worth of work for you. Federal law now requires you to send them ...

No mention of MID in State of Union Speech

  President Barack Obama talked about the need to reduce the federal deficit and simplify the tax code in his state of the Union speech last night but in leaving out the specifics of how he would accomplish those goals he left it unclear whether changes to the mortgage interest deduction (MID) would be part of the mix. Source: Web: www.realtor.org