The world is changing faster than we can track. So much has changed since my last update on March 13. I was in court that day for a commercial landlord. I would not have known that a few weeks later I would be working remotely due to Executive Order 2020-21 – placing law firms underContinue reading “Landlords and Real Estate Investors: Legal Update under #COVID19”
Tag Archives: property owner
Michigan Business Law Update on Bill that would allow LLCs to evict tenants without Attorneys. Despite Opposition, Bill Moves Forward.
Happy Friday! It is summer – my favorite time of year. There really is no better place to be during summer than Michigan. I hope you are all enjoying it. For those keeping track of House Bill 4509 proposed on April 25, 2019 that would allow some LLCs to evict tenants in limited circumstances withoutContinue reading “Michigan Business Law Update on Bill that would allow LLCs to evict tenants without Attorneys. Despite Opposition, Bill Moves Forward.”
Real Estate Law Update for Investors and Landlords when Holding Security Deposits.
Happy Friday, all! Last weekend I was in Chicago for the Big Ten Tournament and got to see the river turned green. It was an amazing sight – particularly if you are a Spartan fan like me. I was reviewing a recently published Court of Appeals decision that affects any real estate investor, property managerContinue reading “Real Estate Law Update for Investors and Landlords when Holding Security Deposits.”
Legal Update for Real Estate Investors: Fraud, Harassment, and a Bill to Penalize Falsely Representing Need for a Service Animal.
A beautiful end to Tuesday. Here’s a profound truth those in the real estate industry will readily acknowledge: Owning and Managing Real Estate is uniquely challenging. I hear it from my Property Owner/Manager clients. I experience it when I am involved in negotiating in landlord/tenant disputes. If you own or manage investment real estate, youContinue reading “Legal Update for Real Estate Investors: Fraud, Harassment, and a Bill to Penalize Falsely Representing Need for a Service Animal.”
Real Estate Investors: Update on Bill Allowing Single Member LLCs To Evict Tenants without Legal Representation
A common scenario in my legal practice: Investor purchases property in an LLC. Investor locates a tenant. Tenant falls behind in rent. Investor hires attorney to evict Tenant. Why hold real estate in an LLC? Most of my investor clients own investment real estate in a Limited Liability Company. This is for liability protection. OnceContinue reading “Real Estate Investors: Update on Bill Allowing Single Member LLCs To Evict Tenants without Legal Representation”
Landlords/Investors/Property Managers: Single Member LLCs Could Evict Tenants without Legal Representation under House Bill
A common scenario in my legal practice: Investor purchases property in an LLC. Investor locates a tenant. Tenant falls behind in rent. Investor hires attorney to evict Tenant. Why hold real estate in an LLC? Most of my investor clients own investment real estate in a Limited Liability Company. This is for liability protection. Once aContinue reading “Landlords/Investors/Property Managers: Single Member LLCs Could Evict Tenants without Legal Representation under House Bill”
Community Development: The Tension Between Real Estate Entrepreneurship and Keeping Families In Affordable Housing.
This morning I read a MIBiz article by Nick Manes titled: “Hungry investors seek Grand Rapids housing deals, rankling longtime residents” The article does a good job of addressing the “tension” that I wrote about in a previous post. New investment in downtown Grand Rapids is exciting. But, as Nick Manes puts it, the flip-side ofContinue reading “Community Development: The Tension Between Real Estate Entrepreneurship and Keeping Families In Affordable Housing.”
Real Estate Law Update: Michigan Supreme Court Holds Full Credit Bid did not Bar Contract Claim against Third-Party.
Happy Friday, all! Real Estate Investors and anyone involved in the foreclosure process is aware that a “full credit bid” at the foreclosure sale by the bank/mortgage holder “extinguishes the underlying debt.” You can check out my prior posts on this subject. A case that has been on appeal for years is Bank of AmericaContinue reading “Real Estate Law Update: Michigan Supreme Court Holds Full Credit Bid did not Bar Contract Claim against Third-Party.”
Michigan Real Estate Law Update: Landlords May Send Eviction Notice by E-mail
Happy Friday! I’ve previously posted on the Michigan Bill introduced in the House that would allow Landlords to send Tenants eviction notices by E-mail – check out that article here Yesterday, the Governor signed the Bill into Law. The Story was reported by the Midland Daily News The Law allows service via e-mail based uponContinue reading “Michigan Real Estate Law Update: Landlords May Send Eviction Notice by E-mail”
Michigan Real estate law update: House Passes “Notice to Evict by E-mail” Bill
Happy March Madness Friday! Yesterday House Bill 4038 allowing eviction notices to be sent to residential tenants by e-mail passed the Michigan House. Now on to the Senate. You can check out the latest Legislative Analysis here The Passed Bill looks a bit more complicated (as anticipated) than the original bill that was proposed backContinue reading “Michigan Real estate law update: House Passes “Notice to Evict by E-mail” Bill”
Purpose Driven General Counsel 