On April 18, 2019, the New York City Council passed the Climate Mobilization Act, which seeks to reduce New York City’s greenhouse gas emissions. The 10-bill legislation is the largest single carbon reduction effort that any city, anywhere, has enacted. The Act, which will require buildings that are 25,000 square feet or larger to make a substantial reduction of fossil-fuel consumption, has raised concerns from New York City landlords. Continue reading “Landlords Fear Impact of NYC Greenhouse Gas Emissions Standards”
Tag: tenant issues
Asset Protection for Landlords
If you have nothing, then you have nothing to lose. Landlords, on the other hand, have a lot to lose. Run of the mill asset protection planning doesn’t cut it for landlords. In my experience, generic asset planning falls short either in the way it constricts a successful real estate operation or in the way it doesn’t fully protect. The risks landlords face are different than other individuals and the business of being a landlord is different than other businesses. So what kind of risks are we talking about? And how do we protect against those risks? Continue reading “Asset Protection for Landlords”
When a Commercial Tenant Goes on Offense
We were nearly a year into a heated battle with a retail tenant. In court, I was representing the landlord. Each side had hundreds of thousands of dollars on the line and the whole case was now turning on the judge’s interpretation of a few words in the lease. This was a Yellowstone Injunction case, and any commercial landlord who has been in the business for some length of time has either heard of or experienced one of these. They’re not pretty. Continue reading “When a Commercial Tenant Goes on Offense”
Timing the Cycles and Patterns
Much of your success in real estate depends on timing. As a real estate investor, you should strive to find order in the cycles and patterns of the market. Should you pull the trigger on that seemingly lucrative commercial real estate deal? If you evict your messy, property-damaging tenants now, will you be able to find a suitable replacement? Striking at the right moment can often mean the difference between success and failure. But, knowing when to hunker down and be patient is equally important. Continue reading “Timing the Cycles and Patterns”
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 website and social media. Continue reading “Landlord & Investor Q&A August 2018: Presented by Attorney Jim Clark”
You Are the Reason for Your Tenant Woes
Tough words to hear, but true. I work with landlords every day, and I see all kinds of ways they get into trouble. Some troubles come from natural disasters and others come from malicious tenants, but all of it causes much distress to landlords. Continue reading “You Are the Reason for Your Tenant Woes”
Beware the Ides of March
Beware the ides of March. These famous words mark the day that Julius Caesar was tragically assassinated to death by his Senate. Caesar’s stabbing followed a period of unrest in ancient Rome and eventually led to Rome’s transformation from a republic to an empire. However, the ominous origins of this phrase are rooted in literature. In Shakespeare’s culturally transcendent Julius Caesar, the prophetic soothsayer warns Caesar about this day by cautioning him to “Beware the ides of March.”
Shakespeare’s words apply to the real estate world, too. At a certain point, investors, home flippers and landlords need to pause, assess, and exercise caution– and to back away from any dangerous edges. Continue reading “Beware the Ides of March”
