All Forum Posts by: Aaron DiCaprio

All good input from @Thomas J. Clifford, @Steve Rozenberg, @Aaron K. and @Jordan Sinclair.  If you want to be successful in anything you do, you need to become an expert.  So, you should do what the others recommend.  I'd also add that you may even want to intern with a real estate law firm so that you can gain insight into that aspect of the business.  You should also look into taking courses on entrepreneurship and business finance which will help you plot your long term investing strategy and career goals. 

Best of luck to you,

Aaron

The below attorney was recommended by a local Philly attorney (Todd Baritz) who specializes in evictions.  Good luck!

Kevin I. Kane, Esquire
KANE & ASSOCIATES, CHARTERED
110 N. Washington Street, Suite 500
Rockville, Maryland 20850

Communication and trying to be fair is always a good start.  However, don't let them take advantage of you.  Speak with an eviction attorney so if you need to play hardball you can accelerate the eviction and ensure your cash flow doesn't take a hit.

Good luck,

Aaron

Get yourself a good local RE/eviction attorney.  Not only will they know the regs in your jurisdiction and have the whole eviction process down to a science, they'll presumably have good relationships with the judges presiding over your hearing and that can be very beneficial when dealing with a disgruntled tenant refusing to pay or leave.

Good luck,

Aaron 

It really depends on your comfort level and what's going on in your life. My wife and I had 2 remote rental properties (Denver and Alexandria, VA) and went through a handful of property managers before finding the right one. It's great if you can do it yourself but we have 3 young boys and time is always at a premium.

Hire a great PM, have a consultation with a RE/eviction attorney so you know who you can engage it dire times and also get rent default insurance that can reimburse your lost rent and legal expenses should there be a default.  All of the foregoing should help mitigate your risk.

A "co-investing" partner could work.  Just do your due diligence.

Best of luck,

Aaron

Sounds like the Baltimore area is a real challenge so you should definitely find a good PM and real estate/eviction attorney who know the nuances of landlord/tenant law in that jurisdiction.  And look into purchasing rent default insurance that reimburses for lost rent and legal expenses.

Good luck!

Aaron

They can always sue, it just depends on whether their allegations have any merit.  It sounds like they're blowing smoke.  Don't let them bully you and stick to your rights.  It's a good thing you denied them because if they threatening to sue over this matter just think about how painful it would be to have them as a tenant.

Best,

Aaron 

You need to look after your own best interests and get them out.  It's a shame that they're in that situation and you can give them some flexibility but at the end of the day you're a business owner.

Since these types of occurrences are unforeseeable, you should look into buying rent default insurance at some point to give you peace of mind.

Best of luck,

Aaron

Has anyone used Tenant Eviction Database (https://tenantevictiondb.com/)?  They're in CA and have access to eviction information that isn't readily available.  They also identify ghost evictions when a tenant doesn't pay and then the eviction gets dismissed because both sides come to a settlement.  Seems like a good source though they're only in CA at the moment.  Any thoughts?

Aaron 

Default is whenever a tenant cannot pay the rent.  And the nonpayment isn't a result of the landlord making the unit uninhabitable.  Skips, nonpays and evictions are all covered.