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“How Long Do I Have To Wait Before Starting The Eviction Process?” ~ Planlord ▶️ 4

Show Notes

Depends on your reason for eviction. Assuming it’s for failure to pay rent many jurisdictions have a mandatory grace period that you have to wait. For example in Maryland landlords have to wait out a mandatory five day grace period. If you do not know your jurisdictions grace period contact an attorney.

If you want to file for breach of lease you may be required to side your tenant a notice before starting the eviction process. Where I practice we generally have to send a 30-day notice. In extreme situations, we can wait 14 days.

If you want to evict a tenant for holding over you may be required to send a notice. In most jurisdictions where I practice in Maryland, we have to use a 30-day notice. In some, we have to use a 60-day notice. Know your jurisdiction’s rules.

Lastly, if you want to evict a non-tenant or a squatter many jurisdictions do not require notice and you can just start the legal process by filing for wrongful detainer (or whatever your jurisdiction calls it). But even then your jurisdiction’s rules may differ.

Contact an attorney to find out just how many days you need to wait to begin the eviction process in your jurisdiction.

If you’re in Maryland or DC, feel free to contact me.

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“Can I Sell High Quality Wholesale Leads With My Real Estate LLC?” ▶️ Planlord® Vlog #3

“Can I sell high-quality wholesale leads with my real estate LLC?” » Planlord® Vlog #3

 

So I like this question because I’ve identified three separate issues.

(1) Can I sell leads & the difference between what I call “public” vs “private” leads.

(2) How do I protect myself when selling leads from (unhappy) buyers?

(3) Is the purpose of my LLC broad enough to encompass real estate lead brokering activities?

Disclaimer: this is legal information. Not legal advice. For legal advice contact an experienced real estate attorney.

Disclaimer, this is legal information, not legal advice. For legal advice contact

Written synopsis for those who don’t won’t to watch the video.

(Just watch the video. I just threw this post together.)

So. I there are three issues in this question. Can I sell wholesale leads? (if you do it right, yes). (2) How do I protect myself when selling leads to end users. And (3) can you sell them using your real estate LLC? The answer is maybe.

#1 Selling Leads, and the difference between public and private leads.

So selling leads is what I like to call “lead brokering.” This is how Zillow and many other real estate websites make money. It’s legal for them to sell the information that they collect because the people that they collect information from have checked off in the terms & conditions that it is okay for them to sell their information.

So if you have one of those investor lead generation websites where you are gathering leads, then you need to have the appropriate terms and conditions. Feel free to contact an attorney such as me if you need help with the process.

Do not sell people’s information without first getting permission. It’s a bad idea.

#2 How Do I Protect Myself When Selling Leads From Unhappy Buyers

Same way you protect yourself when selling any product or service. With a contract outlining what the buyers can expect. Need help with a wholesale leads contract feel free to contact me.

#3 Can I Use A Real Estate LLC To Sell Wholesale Leads

Can I sell wholesale leads using my real estate LLC? The answer to this is it depends. Again, you can definitely sell things using an LLC. But the issue here is that if you registered the purpose of your LLC as a “real estate investing activities.” Then I don’t think that description adequately fits selling wholesale leads. That sounds more like selling marketing services than real estate investing services.

If the purpose of your LLC is for “any legal purpose” than yes, you can act as a lead broker. So the worst case scenario is you can file to amend your articles to encompass lead brokering activities. Which is something I can also help with.

 

“How Do I Evict A Family Member With An Oral Lease” ▶️ Planlord Vlog #2

Disclaimer – This is legal information, not legal advice. For legal advice contact a component real estate attorney in your jurisdiction.

In the second vlog of the ask of the real estate attorney series I was asked:

“Is the process of evicting a family member without an oral lease agreement the same as evicting a squatter?”

Well, (at least where I practice law) whether or not someone is a family member does not change the appropriate cause of action to evict them.

I weigh in on the different causes of actions to evict this hypothetical family member and how I would decide what cause of action to file.

Check out the links below for videos on:

“How To Put A Property In A Trust For Me And My Husband” ▶️ Planlord® Vlog #1

How To Put Property In Trust For Me & My Husband

Disclaimer: This is legal information, not legal advice. For legal advice contact an experienced real estate attorney.

In the inaugural episode of the Ask a Real Estate Attorney Vlog Episode 1, I answered, “How do I put a property in trust for me & my husband?”

Particularly I talk about the process of creating the trust and then the subsequent steps to transfer the deed into the trust via deed transfer.

For a much more in-depth explanation on the benefits of trusts check out my video and blog post on revocable living trusts.