I’ve said it before, owning and managing real estate is challenging. Particularly residential real estate. I hear it from my Property Owner and Property Manager clients. I experience it when I am involved in negotiating in landlord/tenant disputes. Some of the pitfalls property owners have to watch out for are illustrated in a Wednesday, September 6 DepartmentContinue reading “Real Estate Investors & Property Managers Should Avoid These Pitfalls: DOJ and Landlord Settle Allegations of Family Discrimination.”
Tag Archives: real estate development
Cautionary Tale for Real Estate Investors: Yesterday California Investor Sentenced to Prison for Bid Rigging at Foreclosure Sales.
There are many pitfalls for real estate investors who purchase distressed property. In today’s market, good deals for real estate investors are getting harder to come by. With distressed property becoming a scarce resource and competition ever increasing, some real estate investors have resorted to less than legal acts to boost their profit. Investors should know thatContinue reading “Cautionary Tale for Real Estate Investors: Yesterday California Investor Sentenced to Prison for Bid Rigging at Foreclosure Sales.”
Business Law Update: Court Lessons on Personal Guarantees.
In the world of lending if a business wants to secure financing, you will be hard-pressed to find a bank that is not going to require some collateral, including a personal guarantee of the debt by the principal owner(s) of the business. businesses don’t want to sign personal guarantees; it’s why businesses take on theContinue reading “Business Law Update: Court Lessons on Personal Guarantees.”
Real Estate Law Update – a Court Case Discussing Laches.
From a lawyer’s perspective, real estate disputes are often messy. The parties are often driven by emotion. The facts are often complex. Simply put – it is usually a mess. Often the doctrine of laches gets raised in such a lawsuit. A few years back I wrote a post about the legal (technically, “equitable”) doctr ineContinue reading “Real Estate Law Update – a Court Case Discussing Laches.”
Real Estate Investors and Property Managers Should Keep Track of this “Bed Bug Bill”
During the school year I mentor students at a local school in the West side of Grand Rapids. This school has a great supportive community behind it – as you can see from the photo I took a few years back. I recall a conversation with one student whose family was transient – moving quiteContinue reading “Real Estate Investors and Property Managers Should Keep Track of this “Bed Bug Bill””
Recent Michigan House Bill Would Repeal Prohibition on Rent Control – A Response to the Affordable Housing Crisis?
On March 30, 2017 House Bill 4456 was introduced. The Bill would repeal Michigan’s prohibition on Rent Control. The Bill was presumably proposed in response to the affordable housing crisis in Michigan and all across the United States. Other local governments across the U.S. are exploring legislative avenues to address the housing crisis. According toContinue reading “Recent Michigan House Bill Would Repeal Prohibition on Rent Control – A Response to the Affordable Housing Crisis?”
Real Estate Law Update: A Discussion on Laches
A few years back I wrote a post about the legal doctrine of Laches and how laches relates to real estate disputes. Since then, I consistently get a lot of hits on that post – and a lot of searches for “laches in real estate.” Why? I don’t know. Maybe because its an unfamiliar term, unless youContinue reading “Real Estate Law Update: A Discussion on Laches”
LINC Real Estate Development News, and Lessons from Recent Court Decision
Happy Friday! News in local real estate development…. Yesterday, the Grand Rapids Planning Commission approved a $15 Million Project. Article here. The Project, 70 housing units with retail on the first story, is being developed by LINC – a Grand Rapids based non-profit focused on Community Revitalization. LINC is great example of a local non-profit doingContinue reading “LINC Real Estate Development News, and Lessons from Recent Court Decision”
Purpose Driven General Counsel 