Sep 24, 2021
In this episode, we’ll be taking you through a real estate legal class. Today, I have the pleasure of hosting my attorney, Julie Anderson. Julie is the reason why I can go to sleep peacefully without worrying about my real estate investments. Julie and I have worked together for over a decade. Her knowledge of real estate law is vast.
We are living in difficult economic times due to the Covid-19 pandemic. Landlords are taking losses since their tenants are unable to pay their rent. According to Julie, this shouldn’t be the case at all. Landlords deserve better than this. In this episode, we’ll be looking at how to protect yourself as a real estate investor.
Julie will educate us on the eviction moratoriums, pitfalls that a rookie investor is likely to fall into and share eight tips that real estate investors can apply in their investments.
Grab a pen and notebook and listen to this legal class.
Key Talking Points of the Episode:
[01:53] Getting to know Julie Anderson and what she does
[02:30] How Covid-19 has changed Julie’s business
[04:38] Rent relief
[06:55] Evection moratoriums that have been in place since last year in March
[16:18] What is a HUD complaint?
[25:52] What is creative loitering, and how are people in the legal world using it?
[29:42] Pitfalls that a rookie investor can fall into
[32:40] what does the CDC order mean?
[40:21] Is there a back load of foreclosures that we should be worried about?
[44:18] Key tips that can help investors solve their real estate burden
[44:34] The importance of communicating with your tenants
[45:09] Filing of evictions
[46:09] Paying close attention to your tenant’s behavior
[47:30] Becoming a social worker as a landlord
Quotable Quotes:
“The biggest kink in the system, is that landlords can’t do anything to help themselves unless their tenant cooperates.”
“The true discipline of success in real estate investing is to face the reality that you’re in.”
“We serve at the pleasure of the court. If you want to file a lawsuit, you serve at the pleasure of that judge.”
“Communication is the first casualty of all relationships.”
“The key to success is the discipline of facing the reality.”
“You need to continue to be an advocate for yourself and continue to file cases or at least have a conversation with your lawyer, depending on your industry.”
8 Key Tips TO PROTECT YOURSELF FROM LITIGATION, or A SUB-PAR RENTER:
(1) Communication
(2) Don't wait to File
(3) Tenant Behavior
(4) Rental Assistance
(5) Screening
(6) Changing Times - Lawyer up!
(7) Jobs verification
(8) Collaborate with professionals
Connect with Julie Anderson:
Website: https://mokslaw.com/
Do not forget the read Julie’s free resources https://mokslaw.com/julies-blog/