A.D. CANTELMO REALTY/TONY CANTELMO
TONY CANTELMO, BROKER
DRE# 01339902

Unmatched Customer Service

Clients deal only with the Broker
Broker Tony Cantelmo handles all properties personally. When you have questions, Tony will Give you answers

No Long Term Contracts
Clients are never asked to sign long term contracts. Cancel anytime with 30 day notice

No Surprise Fee's
Our Management fee is very competitive. There are no surprise Add-On fees to pad the bottom line

Open 7 day a week
Contact Tony 7 days a week. If you have hours that do not coincide with normal business hours, no problem

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Fee's, Accounting & Bookkeeping

Landlord Monthly Management Cost
The cost of Management per month is 6% of monthly rent

Tenant Move in Cost
To acquire a new Tenant and move them into a Property, the cost is 1/2 of one months rent.

Owner Distribution
We distribute owner funds quickly, using Direct Deposit. Once we transfer the money, the funds will be available in 2 to 3 business days

Monthly and Year End Reports
We email monthly accounting reports and year end Income/Expense and Schedule E Assist Reports. 1099's are mailed in a timely fashion.

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OWNERS NAME Required
PHONE NUMBER Required
E-MAIL ADDRESS
RENTAL PROPERTY ZIP CODE Required
ABOUT YOUR PROPERTY Required
HOW DID YOU HEAR ABOUT US
 
 


Tenant/Property Service

 
Marketing Property
We Market your Property on all the Major Real Estate Websites, Including, Zillow, Trulia, Realtor.com and The Multiple Listing Service (MLS).

Showing Your Property
We make sure your Property is shown to all Interested, qualified Parties. We never allow Unchaperoned showings

Screening Tenants
We have a detailed Tenant screening process. We run Credit, Criminal and Eviction checks. We check rental history and use our more than 10 years of Management experience to place the best Tenant possible in your Property.

Maintaining Your Property
Maintaining your Property is very important for Long Term Profitability. Our Broker, Tony Cantelmo is also a State Licensed General Contractor. (CSLB# 709714). He understands your home and has knowledgeable Vendors who he has done business with for years.






A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California


California Proposition 60 and 90



I talked about proposition 13 and how important it is to California Home owners. There are two other propositions that also are very important to home owners 55 years and older. With prop 13 the property  tax base is the year you purchased your home. Proposition 60 and 90 deals with selling your primary residence and taking your tax base with you.

Proposition 60 allows transfers of base year values within the same county (intracounty). Proposition 90 allows transfers from one county to another county in California (intercounty) and it is the discretion of each county to authorize such transfers. As of September 19, 2013, only nine counties have passed an ordinance authorizing intercounty transfers;  The following nine counties in California have an ordinance enabling the intercounty base year value transfer: Alameda Orange San Mateo El Dorado Riverside Santa Clara Los Angeles San Diego Ventura.

Here is the link to frequently ased questions for prop 60 and 90 http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm#2

These two propositions are important because it allows people 55 and older to be able to sell their home and move either to the same county or to another county and still keep their original tax base. In my capacity as a Real Estate Broker and in Property Management in Orange County Ca. I have deal with these types of sales. The most important thing is to follow the rules to the letter, or you will be surprised with a tax bill.

Here are the eligibility requirements I have taken from the California www.ca.gov web site.

You, or a spouse residing with you, must have been at least 55 years of age when the original property was sold.

The replacement property must be your principal residence and must be eligible for the homeowners' exemption or disabled veterans' exemption.

The replacement property must be of equal or lesser "current market value" than the original property. The "equal or lesser" test is applied to the entire replacement property, even if the owner of the original property purchases only a partial interest in the replacement property.

Owners of two qualifying original properties may not combine the values of those properties in order to qualify for a Proposition 60 base-year value transfer to a replacement property of greater value than the more valuable of the two original properties.

The replacement property must be purchased or built within two years (before or after) of the sale of the original property. To receive retroactive relief from the date of transfer, you must file your claim within three years following the purchase date or new construction completion date of the replacement property.

Your original property must have been eligible for the homeowners' or disabled veterans' exemption either at the time it was sold or within two years of the purchase or construction of the replacement property.

The original property must be subject to reappraisal at its current fair market value at the time of sale, unless the buyer(s) of your original property also qualify the property as a replacement property for a base year value transfer due to disaster relief or a base year value transfer for a severely and permanently disabled person. Therefore, most transfers between parents and children will not qualify.

This is a one-time only benefit. Once you have filed and received this tax relief, neither you nor your spouse who resides with you can ever file again, even upon your spouse's death or if the two of you divorce. The only exception is that if you become disabled after receiving this tax relief for age, you may transfer the base year value a second time because of the disability, which involves a different claim form

As a business, Property Management in Orange County California It is important to understand that these two propositions only apply to your primary residence, not investment property.

siness is Property Management in Orange County Califonia


California Proposition 60 and 9



I talked about proposition 13 and how important it is to California Home owners. There are two other propositions that also are very important to home owners 55 years and older. With prop 13 the property  tax base is the year you purchased your home. Proposition 60 and 90 deals with selling your primary residence and taking your tax base with you.

Proposition 60 allows transfers of base year values within the same county (intracounty). Proposition 90 allows transfers from one county to another county in California (intercounty) and it is the discretion of each county to authorize such transfers. As of September 19, 2013, only nine counties have passed an ordinance authorizing intercounty transfers;  The following nine counties in California have an ordinance enabling the intercounty base year value transfer: Alameda Orange San Mateo El Dorado Riverside Santa Clara Los Angeles San Diego Ventura.

Here is the link to frequently ased questions for prop 60 and 90 http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm#2

These two propositions are important because it allows people 55 and older to be able to sell their home and move either to the same county or to another county and still keep their original tax base. In my capacity as a Real Estate Broker and in Property Management in Orange County Ca. I have deal with these types of sales. The most important thing is to follow the rules to the letter, or you will be surprised with a tax bill.

Here are the eligibility requirements I have taken from the California www.ca.gov web site.

You, or a spouse residing with you, must have been at least 55 years of age when the original property was sold.

The replacement property must be your principal residence and must be eligible for the homeowners' exemption or disabled veterans' exemption.

The replacement property must be of equal or lesser "current market value" than the original property. The "equal or lesser" test is applied to the entire replacement property, even if the owner of the original property purchases only a partial interest in the replacement property.

Owners of two qualifying original properties may not combine the values of those properties in order to qualify for a Proposition 60 base-year value transfer to a replacement property of greater value than the more valuable of the two original properties.

The replacement property must be purchased or built within two years (before or after) of the sale of the original property. To receive retroactive relief from the date of transfer, you must file your claim within three years following the purchase date or new construction completion date of the replacement property.

Property Management in Anaheim Ca.

Your original property must have been eligible for the homeowners' or disabled veterans' exemption either at the time it was sold or within two years of the purchase or construction of the replacement property.

The original property must be subject to reappraisal at its current fair market value at the time of sale, unless the buyer(s) of your original property also qualify the property as a replacement property for a base year value transfer due to disaster relief or a base year value transfer for a severely and permanently disabled person. Therefore, most transfers between parents and children will not qualify.

This is a one-time only benefit. Once you have filed and received this tax relief, neither you nor your spouse who resides with you can ever file again, even upon your spouse's death or if the two of you divorce. The only exception is that if you become disabled after receiving this tax relief for age, you may transfer the base year value a second time because of the disability, which involves a different claim form

As a business, Property Management in Orange County California It is important to understand that these two propositions only apply to your primary residence, not investment property.



A.D. Cantelmo Property
Management Specializes in Property Management in Orange County Ca.


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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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