Let's say that you're looking for a landlord lawyersomeone to represent you, give you advice, review forms, or any number of things you might need help with as a landlord. How will you know what to ask in order to make sure you find the right one?
I promise you they will all seem confident and fully qualified. But how well do they really understand real estate investors and your needs as a landlord? To answer this, I'm listing 5 questions to be sure to ask whenever you're interviewing a potential landlord lawyer.
Question #1: How much of your practice is devoted to real estate law?
This will tell you how much they actually know about real estate law. Note: Paying an attorney to spend time learning the law is not very fun!
Question #2: How many of your clients are landlords or investors?
The wants and needs of investors are very different than those of regular homebuyers and sellers. They will need to be well-versed on landlord-tenant law in your state.
Question #3: Are you familiar with creative real estate strategies?
By this, I mean techniques like assigning contracts, buying subject-to, and lease/optioning properties. If you don't recognize these terms, I would earn them right away as they are all no-money-down strategies that really work.
Question #4: Do you personally own investment properties?
This isn't essential, but it will mean they know what it's like to be in your shoes and will probably have the solutions to common landlord challenges already figured out.
Question #5: How available are you for contact?
Nothing is worse than needing an important answer and not being able to get a hold of your attorney. Make sure they can get back to you by phone or email in a day or so.
They don't have to answer all of these with flying colors. But ask them all anyway. Maybe call three to five landlord lawyers and ask each of them the same questions, then compare results. They have helped me build the right dream team and I hope they do the same for you. Happy investing!
I promise you they will all seem confident and fully qualified. But how well do they really understand real estate investors and your needs as a landlord? To answer this, I'm listing 5 questions to be sure to ask whenever you're interviewing a potential landlord lawyer.
Question #1: How much of your practice is devoted to real estate law?
This will tell you how much they actually know about real estate law. Note: Paying an attorney to spend time learning the law is not very fun!
Question #2: How many of your clients are landlords or investors?
The wants and needs of investors are very different than those of regular homebuyers and sellers. They will need to be well-versed on landlord-tenant law in your state.
Question #3: Are you familiar with creative real estate strategies?
By this, I mean techniques like assigning contracts, buying subject-to, and lease/optioning properties. If you don't recognize these terms, I would earn them right away as they are all no-money-down strategies that really work.
Question #4: Do you personally own investment properties?
This isn't essential, but it will mean they know what it's like to be in your shoes and will probably have the solutions to common landlord challenges already figured out.
Question #5: How available are you for contact?
Nothing is worse than needing an important answer and not being able to get a hold of your attorney. Make sure they can get back to you by phone or email in a day or so.
They don't have to answer all of these with flying colors. But ask them all anyway. Maybe call three to five landlord lawyers and ask each of them the same questions, then compare results. They have helped me build the right dream team and I hope they do the same for you. Happy investing!
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