Q: I am getting into buying real estate. What is the most important part I need to do? A: This is always a difficult thing to answer, as there are so many important things to be aware of when buying property. From inspections, to knowing the rights of the occupants, there are limitless issues that [...]
Q: I am buying a house and the seller wants to stay in the property. What is the best way to structure the transaction such that I don’t have problems in the future if they fail to move? A: This is not a one-answer-fits-all scenario and how you proceed depends upon what you are concerned [...]
Q: I own a commercial office building with four suites. One of the offices is delinquent in rent for 3 months. Can I file an eviction action or am I affected by the eviction moratoriums? A: A commercial lease (e.g. office, retail) is not governed by any current eviction moratorium. Therefore, an owner has a [...]
Q: You previously wrote about challenging a CDC declaration signed by a resident. What does that process entail? A: To challenge a CDC declaration, an owner has to show that there are false statements in the declaration signed by the tenant. There are 5 factors that are in the CDC declaration, but there are only [...]
Q: Do any of the new rules and laws relating to evictions, affect my ability to sell my home with a resident in it? A: No, the eviction moratoriums that have been enacted have no legal bearing on the potential sale of the property. However, it has a practical bearing on the issue. The buyer [...]
Q: I am buying a portfolio of homes from another investor. When should I notify the residents and what do I have to say? A: When you buy one property (or multiple) you step into the shoes of the former landlord and you take on their rights and obligations. As soon as the escrow closes, [...]