Landlord & Investor Q&A August 2018: Presented by Attorney Jim Clark

In this segment Jim Clark answers the most popular questions that come up through his interactions with landlords and real estate investors through his presentations to local organizations, networking, one on one conversations as well as direct posting through his web site and social media. This month the following questions are addressed: The best way… Continue Reading



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



woman reading eviction notice

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. Fast Evictions: They’re All About Speed, Strategy, and Tact It’s evicting a tenant as quickly as possible, which… Continue Reading



commercial real estate building

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



happy couple paying landlord

Landlords, Avoid Cash Flow Disruptions

A tenant has left and your rental unit has gone dark. Or, worse, you were forced to evict several tenants. Losing tenants is a landlord’s worst nightmare, but at a certain point, you must accept responsibility. For the time being, this means that you are losing a major source of income. You must also consider… Continue Reading



seniors meeting with advisor

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. What is an IRA LLC? Completing a real estate transaction with a self-directed IRA can be a slow and cumbersome process.  Since an IRA is… 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



real estate title deed

Types of Deeds in New York State

In order to be a successful landlord or real estate investor, you need to take a look at the minute details in each transaction. Even when everything else about a deal checks out, it’s possible for a seemingly trivial detail to cause issues in the future. When you are purchasing or selling property, it’s imperative… Continue Reading



Probate vs. Non -Probate Assets

Probate assets are those assets of a decedent that become property of the estate of a decedent and subject to distribution to the beneficiaries of the estate under the terms of the decedent’s will or the state intestacy statute.  Non probate assets are those assets that are not a part of the estate subject to… Continue Reading