The following information is provided for general educational purposes only. This does not constitute specific legal advice and each family and client’s situation is unique.
As the poet Robert Frost wrote, “Good fences make good neighbors.” The exact boundary line between properties can cause problems, especially if the survey or legal description needs to be clarified or contains errors. As part of our real estate services toolbox, a qualified real estate attorney can help resolve disputes and issues associated with disputed boundaries.
The Law Offices of Scott G. HOH represent many property and property investment clients. Scott Hoh and his wife own and operate their rental properties, and they know the difficulties of being a landlord. Pennsylvania’s Tenant-Tenant Law, as well as other civil procedure rules, have very specific requirements for the legal eviction of a tenant. The law attempts to balance rights between landlords and tenants. Additionally, other fair and state housing laws and related statutes apply to landlord-tenant matters. We can help speed up the eviction process. It is illegal for a landlord to take matters into their own hands and force the removal of a tenant without penalty.
The Law Offices of Scott G. HOH works with real estate investors and owners with the goal of keeping owners out of trouble and helping to improve the return on investment in rental property management. It is easy to set up an LLC or other corporate entity, and the new LLC must be set up before purchasing. In general, it is fine to have multiple properties in a single LLC, but when the number of properties exceeds 7 or 8, it makes sense to form a different LLC. Insurance is great coverage against liability. Regardless of the form of ownership, work with an experienced real estate investor insurance brokerage to ensure that an umbrella insurance policy is established to have ample coverage for all rentals.
The answer is sometimes yes, sometimes no; it depends on the circumstances. As described above, the Law Offices of Scott G. HOH can handle all aspects of a real estate transaction and can perform the closing in the event the title insurance company does not have the closing. However, we also love working with great real estate agents who work very hard for what they do. Brokers can market a property to a broader audience and list a property on the multiple listing service (MLS). The MLS platform is the best way to get a property in front of the most serious and qualified buyers. As a law firm, we do not market properties, and we are not a real estate brokerage with access to the MLS. If a buyer is identified or if a seller wants to try to market a property on their own for a few months, we can handle all other aspects of the sale. If the goal is to market a property to the widest possible audience, paying the 6% commission (3% to the seller’s agent and 3% to the buyer’s agent) is generally money well spent.