All Forum Posts by: Gus Delgado

Thank you all for the feedback! Seems like there are some deals to have in DC. TOPA still a concern but how much of a concern is it for the buyer? It seems like this would be more on seller side.

Currently looking into the DC market for multifamily, but seeing a lot of negative information related to fraud, TOPA, pandemic relief for tenants, etc. I would love to talk to someone that has experience on this market and could tell me a bit more about it. 

I would love to meet up if in the area!

I have a question regarding tenant's bankruptcy. I received a noticed from the US Bankruptcy Court that one of my tenants file for bankruptcy on the 1s of this month. Prior to this, he had told me that he was going to be late on rent due to something else, well, he finally paid the full rent and late fee on July 12th, but I am not sure what should I do next. I read the contract and we have the following section on bankruptcy. 

31. BANKRUPTCY. Subject to the requirements of the Bankruptcy Code, in the event the Tenant is adjudicated as bankrupt, (or makes an assignment for the benefit of creditors), this Lease, at the option of the Landlord, shall terminate upon 30 days written notice and the Dwelling Unit shall be surrendered to the Landlord, who reserves the right to repossess the Dwelling Unit subject to the applicable provisions of law.

Should I follow the steps on the contract? Should I continue renting to him since he is paying? Or should I talk to him and ask for additional security deposit since we received the bankruptcy letter? Not sure which option to take. To be honest, when we received the bankruptcy letter I thought about sending him a letter to let him know that he had to surrender the property, because I thought he was not going to pay, so when he paid the full month and late fee, this kind of threw me off, not sure how to proceed.

Much appreciate the help from this forum

Glen, thanks for the link and the information, we'll start following the process mentioned on the link. We were thinking lawyer simply because we live in Northern VA and would be hard for us to handle the process from far.

Hi All, wondering if anyone knows of a good lawyer that can help with an eviction process in the north chesterfield, VA area.

Greatly appreciate the information...

Thank you!! I have filled out and sent that form to the tenant already, so I now have 10 days to figure out if I want to do this with a lawyer, or do it myself.... 

This looks promising.... I will be calling them.... www.BaltimoreRentCourtAgents.com

Thanks for the information, I currently have the property under an LLC.

Thanks for the feedback!!!

Anyone has experience with an eviction process in Maryland? Currently following the steps below:

https://learn.eforms.com/how-to-evict/md/?gclid=CjwKCAiAjrar...

Any feedback would be greatly appreciated.