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Coaching
Beginners Crash Course For REITs and Dividend Income
By
Elizabeth Whitman
| March 3, 2020
US Real Estate
HUD Approves Settlement of Fair Housing Complaint Against OneWest Bank
By
Elizabeth Whitman
| August 1, 2019
On July 29, 2019, the U.S. Department of Housing and Urban Development (HUD) announced that it has approved a conciliation agreement settling a Fair Housing complaint against CIT Bank, N.A., dba OneWest Bank (CIT). California Reinvestment Coalition (CRC) had accused CIT of violating the Fair Housing Act (FHA) in its positioning branch location, marketing, and mortgage […]
Multifamily
,
Residential
HUD Says Maine Landlord Wouldn't Allow Disabled Vet to have Assistance Animal
By
Elizabeth Whitman
| July 15, 2019
HUD recently charged a Maine landlord with housing discrimination for not allowing a disabled veteran to have an assistance animal in his apartment. According to HUD’s Charge of Discrimination (HUD Charge) against Roderick Apartments, LLC, Jo Roderick told the veteran that once she allowed a tenant to have an assistance animal, and other tenants wanted […]
Home Buying
,
Mortgage
,
Residential
Ohio Bill Would Create Credit Protection Type Laws for Land Contracts
By
Elizabeth Whitman
| June 10, 2019
A land contract provides a rent-to-own structure which enables someone to purchase real estate with little to no cash down payment. Called contracts for deed or land installment contracts in some states, land contracts require the buyer to make monthly payments towards purchase of the real estate to the seller. Part of each month’s payments […]
Multifamily
,
Residential
,
US Real Estate
HUD Charges Idaho Landlord with Familial Status Discrimination
By
Elizabeth Whitman
| June 4, 2019
On May 31, 2019, HUD charged the owners and manager of an Idaho rental property with violation of the familial status provisions of the Fair Housing Act (FHA). HUD alleges they refused to rent a home to a couple with seven children. What is Familial Status Discrimination? When first adopted in 1968, the FHA only […]
Commercial Real Estate
,
Investing
,
Rental Properties
Five Things that Should be in Your Property Management Agreement
By
Elizabeth Whitman
| June 3, 2019
Most commercial real estate owners hire professional property management. Selecting a property manager is important because a good manager can help an owner maximize the return on its investment. But it's important that owners include key provisions in the property management agreement. 1. Manager Compensation Commercial property managers usually charge the owner a fee based […]
Commercial Lease
,
Commercial Real Estate
Understanding Subordination Non-Disturbance and Attornment Agreements
By
Elizabeth Whitman
| December 3, 2018
Commercial tenants may be perplexed when months or years after signing their leases they are asked to sign a Subordination Non-Disturbance and Attornment Agreement (SNDA). The landlord may tell tenants simply that they “need the SNDA for the mortgage lender.” Tenants may not have a choice but to sign the SNDA. A clause in their […]
Commercial Lease
,
Commercial Real Estate
,
Office
You Want Me to Move Where? Tenant Relocation Clauses in Office Leases
By
Elizabeth Whitman
| November 19, 2018
Many commercial real estate leases contain tenant relocation clauses, which allow the landlord to require that the tenant move to different rental space. Since relocations are uncommon, tenants may not pay attention to those clauses when negotiating their leases. However, the terms in the relocation clause can make–or break–a tenant’s business when triggered. Why Landlords […]
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