I was just speaking with title officer Brandon Miller from Fidelity Title about some of the different ways people can hold title to their real estate. He sent me this fantastic cheat sheet that I would like to share with you.
Why should people should put their home in a Trust? (This makes sure that if something happens to you, your loved ones have a directive on how to take care of your property. It keeps it out of costly and time consuming probate! PLEASE, if you love your family, get a trust.) Why do investors want a property to be held in an LLC? What protections does an LLC offer?
Below is a single sheet from Brandon Miller of Fidelity Title that makes it all clear and easy to understand.
The LADWP Home Energy Improvement Program or (HEIP) is a free program for energy efficient upgrades offered to residential customers. Once you are approved, they send trained energy technicians to your house for a comprehensive assessment of your entire house’s energy useage.
It took about a month to get approved for the program, and about 2 weeks after that they came out to my house. They took my house through a battery of tests checking my insulation, window and door sealing, sprinkler systems, toilets, shower heads and more. They did a combustion test on my hot water heater and stove. Checked my thermostat, tested all of my smoke detectors, replacing some with a 10 year battery model for free. They put in a new CO detector in a better position in my hallway and replaced nearly all of my lightbulbs with CLFs.
They did all of this 100% for free.
They might have done more, but, if you know me, I keep the place pretty energy efficient anyway. Had I not had proper insulation; if I didn’t have low-flow shower heads and toilets; they would have sent out a skilled technician to complete the upgrades. The products that they use are not high-end, but they will save energy and money. (And if you are about to sell and need these items for a city compliance certificate – here is your chance to get these things done for free!)
It is a fantastic program to see where your house is as far as energy useage. I was pretty proud that he said mine was one of the best houses that he had seen in my area. All in all, I was glad to have had an assessment and I know I will not run out of lightbulbs for the next 5 years.