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Updated over 10 years ago on . Most recent reply

User Stats

500
Posts
243
Votes
Alex Chin
  • Seattle, WA
243
Votes |
500
Posts

Building your legal team*

Alex Chin
  • Seattle, WA
Posted

I am a perspective buy-and-hold investor in the Seattle area with ambitions of building a sizable rental portfolio. However, as someone new to the game and trying to do his due diligence and real estate education first, I would like to ask experienced landlords how they went about building their team on the legal side of things?

Was it important for you as an investor to have a attorney in-place and ready before you bought your first property or was her/his presence on your team something that happened as necessary?

Did you go to family and friends for recommendations first or hit up the ol' Google search?

Thank you, any advise or stories of how you got started here are appreciated, read, and hopefully responded to in a timely manner.

*by team I mean your informal or formal collection of managers, attorneys, accountants, and advisers who help you run your business

Most Popular Reply

Account Closed
  • Professional
  • Yona, Guam
30
Votes |
62
Posts
Account Closed
  • Professional
  • Yona, Guam
Replied

If you are in a large market like Seattle, then you can find specialists. This means there is most likely an attorney that does evictions for a flat fee. 

I have used 3 different attorneys at the same time. One for evictions. One for a case involving insurance companies and a tenant claim, and one for business reasons. I have a good one for each of these. I avoid the jack of all trade attorneys. Our business attorney is awesome at business stuff but can't do evictions as fast and as good as the eviction guy. You get the point. I have better luck with specialists.

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