It is a rainy Monday afternoon. It has been dark all day long. I took this picture earlier today and the rain isn’t letting up. As a way to distract from the gloomy weather I thought it might be a good opportunity to share some of my thoughts about a court case that came out aContinue reading “Real Estate Law Update: Real Estate Investors Be Careful When Interacting with Occupants of Foreclosed Property.”
Tag Archives: real estate investment
Real Estate Investors: In Your Efforts to Make a Profit Be Wary of Cutting Corners.
Let me illustrate a picture for you: Let’s say you are a real estate investor. You show up for a foreclosure sale. There are several people present to bid on a specific piece of property. One of those guys winks at you, motions you to come over (in a clandestine sort of way). The guyContinue reading “Real Estate Investors: In Your Efforts to Make a Profit Be Wary of Cutting Corners.”
Real Estate Law Update: Bill Moves Forward Allowing Single Member LLCs To Evict Tenants without Legal Representation
UPDATE ON PROPOSED House Bill 4463 – Would Allow LLCs to Evict wi thout Legal Representation. House Bill 4463 was introduced in March and referred to the committee on law and justice. The Bill would allow owners of a single-member LLC (or a married couple under certain conditions) to file their own eviction actionsContinue reading “Real Estate Law Update: Bill Moves Forward Allowing Single Member LLCs To Evict Tenants without Legal Representation”
Real Estate Investors & Property Managers Should Avoid These Pitfalls: DOJ and Landlord Settle Allegations of Family Discrimination.
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.”
Real Estate Investors and Property Managers Should Keep Track of this Bill to Make Veterans a Protected Class in Housing Discrimination.
On August 16, 2017 HB 4872 was introduced into the Michigan House of Representatives. The Bill amend the “Elliott-Larsen civil rights act,” and would provide that veterans are included in the list of those protected by Michigan law against housing discrimination. The Bill would define Military Service as: “STATUS OF BEING AN ACTIVE DUTY MEMBERContinue reading “Real Estate Investors and Property Managers Should Keep Track of this Bill to Make Veterans a Protected Class in Housing Discrimination.”
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.”
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””
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”
News for Residential Real Estate Investors: DOJ receives Verdict against Landlord Disability Discrimination.
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. I believe that is why, at least in West Michigan, there is an opportunity for goodContinue reading “News for Residential Real Estate Investors: DOJ receives Verdict against Landlord Disability Discrimination.”
Purpose Driven General Counsel 