The Downside of Being a Landlord

It’s 1am and your cell phone is ringing.  It’s one of your tenants.  A call at this hour, they’re not calling to say hi.  There’s a major problem.  What could it be?? You reach for the phone with a pit in your stomach.  Another day in the life of a landlord, right? Being a landlord… Continue Reading



FAST Evictions in New York

No landlord wants to evict a tenant, they would rather that the rent gets paid, the tenant complies with the lease terms, and the landlord leaves the tenant to quiet enjoyment, but sometimes landlords have no choice. What is a FAST Eviction?  It’s evicting a tenant as quickly as possible, which is what we do,… Continue Reading



Making the Jump to Commercial Real Estate

I see it happen to successful residential real estate investors all the time. They get to a point where they’re doing a little bit of everything – working on rehabs, picking up some residential rentals to hold, assigning some of their contracts when the numbers  make sense and looking at bigger deals.  They’re in a… Continue Reading



Landlords, Avoid Cash Flow Disruptions

A tenant has left and your rental unit has gone dark, or worse yet multiple rental units have gone dark.  Not only does this mean no rent for that time, but then there’re the costs of getting a new tenant – making the unit “rent ready”, advertising and broker’s fees, your time – the costs… Continue Reading



Setting Up an IRA LLC

If you’re thinking of using your retirement funds to help fund your real estate investing, it won;t be long before you come across the concept of a self-directed IRA LLC. Completing a real estate transaction with a self-directed IRA can be a slow and cumbersome process.  Since an IRA is a tax-deferred vehicle, governed by… Continue Reading



Choosing a Residential Real Estate Closing Attorney

The basic role of Real Estate Attorney in a residential real estate closing is to carry out the deal negotiated by the client – that is (i) reduce the client’s deal to writing in the Contract of Sale, (ii) describe to the client what the key terms of Contract of Sale means, (iii) to ensure… Continue Reading



The Commercial Mortgage Modification

Case Study: The following represents and actual commercial mortgage modification matter in which James E. Clark served as counsel.  Names of parties and other identifying information has been changed to protect the confidences of the parties.  The following represents a smapling of the type of work Mr. Clark has done in the past and in no… Continue Reading



Types of Deeds in New York State

Real estate deeds are legal instruments that are used to transfer ownership of real property including the land and its improvements (such as a house or buildings) and attachments.  Words used to effectuate the conveyance of property may be grant, assign, convey or warrant, but they basically all do the same thing, they transfer the… Continue Reading