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Real Estate Tax Attorney on must know new laws (#002)


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Brooke Pollard talks about split value property issues, appreciation of the commercial and residential property, and writing off property value on your taxes. She dives into details of Prop 13 split wealth tax write-offs and the differences for residential and commercial properties. Brooke offers advice on Prop 13 and how this tax law will affect commercial investment.

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Brooke Pollard on Potential Split Roll Legislation Impact (002 1)

Brooke Pollard on 1482 Imposes Rent Control #1 (002 2)

Brooke Pollard on 1482 Imposes Rent Control #2 (002 3)

Brooke Pollard on 1482 Protects Retail Investors (002 4 )

Brooke Pollard on 1482 has Eviction Restrictions (002 5)

Brooke Pollard on LLC vs Individual Ownership (002 6)

Brooke Pollard on Risks Protected by LLC Ownership (002 7)

Brooke Pollard on Top Legal Mistakes Made by Investors (002 8)

Brooke Pollard on INVESTimate Comprehensive Data for Investors (002 9)

Podcast Description

Brooke Pollard talks about split value property issues, appreciation of the commercial and residential property, and writing off property value on your taxes. She dives into details of Prop 13 split wealth tax write-offs and the differences for residential and commercial properties. Brooke offers advice on Prop 13 and how this tax law will affect commercial investment.

Brooke Pollard is a partner at TLD Law Firm, with four offices in SoCal: Long Beach, Irvine, Downey, and Beverly Hills. The firm is NAMWOLF Certified, a majority female-owned law firm. Before becoming an attorney, Brooke had a career in banking. She transitioned into law as she wanted to assist businesses and business owners in SoCal to achieve a higher level of business.

Rents, landlord, taxes, and tenants, how do all these factors play out? Find out what Brooke recommends and how the new bill which may pass in California can affect an investor or landlord in one or all of these categories. Rent control laws vary depending on your city and type of apartment complex.

Listen in to find out what types of investments are incentives to invest in at this time, the best way to hold a title when buying property under your business umbrella, and how you should ensure your company so as not to get sued against your personal holdings and assets.

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In This Episode:

  • [02:57] Brooke’s current business portfolio, types of business she assists.
  • [04:24] What split value entails in the realm of California commercial real estate.
  • [06:40] Details of California’s Prop 13 and how this tax law can affect your tax filing for 2019.
  • [08:20] As a real estate investor, what do you need to be aware of in regard to Prop 13?
  • [10:45] Tax bill 1482 and rent control in California: what you need to know.
  • [13:29] Fallout and effects of tax bill 1482 on single home residential investments and commercial apartment investments.
  • [17:25] Is rent control positively or negatively affecting affordable housing in Southern California?
  • [21:44] How the new bill 1482 is retroactive to last quarter of 2019 for apartment complexes.
  • [22:27] Brooke gives advice on how you should hold your title under your business umbrella.
  • [27:25] Insurance policies and adequate coverage for your personal and business assets.
  • [30:04] Does the number of investment properties change the type and amount of insurance you should carry?
  • [33:34] Check your rent agreements, lease agreements for up-to-date, accurate information and other details to cover yourself and your property investment.
  • [36:48] The numbers game when covering for taxes on your property investment.

Guest Bio

Brooke Pollard has exceptional knowledge in the area of property taxes, property tax appeals, and claim-for-reassessment exclusions during transfer of real property into and out of legal entities. She processes and reviews commercial lease and purchasing agreements, and works with publicly traded companies needing local representations for lease and purchase negotiations for developed and undeveloped properties.

She graduated from Loyola Law School in May 2007. While at Loyola Law School, Brooke clerked for the Hon. Richard Aronson, California Court of Appeals, Fourth Appellate District, Division Three, and worked for an estate planning firm in Costa Mesa. Before entering law school, Brooke was a Financial Services Officer at a large local bank specializing in small and growing businesses.

Brooke received her Bachelor’s degree in Economics from the University of California at Los Angeles. While at UCLA, Brooke actively participated in the school’s athletic program and was the first female manager of the men’s UCLA basketball program.

Link & Resources

Eyes Wide Open Real Estate Investment on YouTube

Eyes Wide Open Investing

TLD Law Firm

Brooke Pollard at TLD Law

Email Brooke Pollard

Email Don Ganguly

Connect with Don Ganguly on LinkedIn.

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