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, [...]
For a lot of investors that come to AZREIA before they start buying homes, they know that they need to have a good lease and basic procedures set up for handling their rentals. Therefore, the initial question we get is as follows: what’s a landlord issue that is often overlooked, and can get me in [...]
It is never easy to make projections for what the upcoming year will bring and this year is no different. In fact, this year it is even harder to make projections because there are so many moving parts. We have federal and state elections, we have expiring moratoriums and we have more of a spotlight [...]
Q: I know it’s a seller’s market. I used a standard real estate contract to buy a home and at the last minute, the seller refused to close saying she has a better offer on the home. What can I do? I have heard of a lis pendens to stop the sale, but how does [...]
Q: I just bought a property at a traditional sale and the owner is refusing to leave. Are they protected by the CDC Order? A: Provided that you never entered into a lease with the former owner and they were supposed to transfer possession to you at close of escrow, then they are not protected [...]
In the past 8 months, there have been an incredible amount of changes to evictions. Overlapping rules being implemented by the state and federal government, has left a lot of property owners confused about their rights. Thankfully, due to the expiration of the Governor’s Executive Order on October 31 (when this was written in October, [...]