
How to Prepare for an Eviction Lawsuit
When a landlord’s tenants are no longer paying rent or are conducting themselves in a manner that violates their rental agreement, eviction may be necessary. If you are a landlord and find yourself in this situation, here is how you should prepare for an eviction lawsuit.
Don’t Do it on Your Own
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6 Mistakes to Avoid When Buying a Residential Property
Purchasing a home is one of the biggest financial decisions that you will likely ever make. For that reason, it should be taken very seriously. Unfortunately, if you don’t have a plan ahead of time it can be quite easy to make a big mistake that may impact your financial health for...
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What to Know About Closing on Real Estate in Rhode Island
Buying a piece of real estate can be a really exciting – yet stressful – time. When you have made an offer on a property in Rhode Island and the seller has accepted it, it’s not the end of the process. Between the time that the contract has been accepted and the...
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RI Supreme Court Finds Implied Warranty of Habitability Means Strict Time Limit for Buyers’ Claims
When you purchase a home, there are certain expectations that you have regarding its safety. That’s why buyers in Rhode Island have protections from loss if the home is not only unsafe but also defective or has additional unforeseen issues that require resolution. The buyer can look to the purchase contract...
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What Is a Quiet Title Action?
Choosing to buy a home is one of the biggest decisions you can make and you want to go about it the right way. That’s where a closing attorney comes into play. He or she can assist you with dotting the i’s and crossing the t’s in order to ensure that...
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Tips for Buying Your First Investment Property
Before buying your first investment property, there are three key considerations that will improve your odds of successfully building a robust and cash flowing real estate portfolio. These three key tips for first-time investment property buyers are:
Make sure your personal debts are manageable.
One of the major advantages of real...
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Why Real Estate Investors Like Leverage
Real estate as an asset class does not provide exceptional, life-changing returns on its own. For many, the 3-8% return is simply not enough to justify the investment. Given real estate investing considerations such as low liquidity, concentration risk, and ongoing management demands, many investors may prefer to simply buy publicly traded...
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The Benefits of Depreciation for Real Estate Investors
Real estate investors frequently cite depreciation as one of the major benefits of owning investment real estate. However, if you’re unfamiliar with real estate investing or accounting, you may have questions such as “what is depreciation?” and “what are the benefits?” We hope that the below sections provide insight into depreciation...
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Understanding Title Insurance
If you own real estate and have a mortgage, you have undoubtedly been exposed to title insurance. Even if you have never purchased real estate, you have likely heard of title insurance – whether seeing title insurance agencies or hearing “title insurance” in passing. Despite the ubiquity of title insurance, many...
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Reverse Mortgages
Reverse mortgages have gained and waned in popularity over the years. While you may not understand how reverse mortgages work, you may remember the many celebrities who have been featured in reverse mortgage commercials, including Tom Selleck, Henry Winkler (“The Fonz”), and Jerry Orbach from Law & Order. Reverse mortgages...
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Understanding Tenancies and Tenants’ Rights
Acquiring residential real estate in the form of single-family and multi-family properties is a common method to build wealth and generate a strong and consistent cashflow. As a residential real estate investor, you need to understand the basic aspects of tenancies and the rights that your tenants will have. Landlord-tenant laws...
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Understanding the Difference Between Condos, Co-ops and HOAs in Rhode Island, Massachusetts and Connecticut
While condos and homeowners’ associations (“HOA”) are quite common, co-operatives are less common and often misunderstood. Many readers may be asking themselves how these three are different. While all three achieve similar goals of ensuring a quality living experience for residents and owners, the ownership structures and related peculiarities are tremendously...
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