General Real Estate
“Time is money.” These simple words take on special significance in the real estate investment world. Whether your business is a few rent houses or a multimillion-dollar portfolio, consistent positive cash-flow from your properties is the lifeblood of your business. Interruptions in that rental cash flow can be a serious business problem. In today’s increasingly regulated real estate market, it’s important to have seasoned legal advisers who understand the unique legal needs of landlords and property owners.
Murrah & Killough, PLLC, assists not only with the regulatory needs of a real estate investor but also the practical business requirements of running a real estate investment company. Our proven methods help landlords remove problem tenants effectively.
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Starting the eviction process can be as simple as sending us the documents that you’d typically have in your possession for any rental or foreclosure property, such as a copy of the deed, lease, ledger, copy of late notice or demand for payment. We find that about 25% of tenants vacate or pay after receiving the three-day notice letter. These tenants typically call us, and we work with them to get you paid, keep them in their homes or apartments and retain a paying renter at your property. We believe it’s always a good day when everybody wins. Because we handle hundreds of evictions each year, we have the resources, staff and efficient processes to keep your costs down.
Upon receiving the paperwork, the court notifies the tenant of their hearing date. Another 25% of tenants typically vacate or pay at this stage, so by this time, 50% of tenants have either paid or vacated the properties. At the hearing, the judge rules on the eviction. If the tenant remains, a writ of possession is filed, and, when issued, the deputy performs the lockout, and the property is returned to the property owner. In the event of an appeal, Murrah & Killough, PLLC, will appear in court representing the property owner’s interest. Upon judgment, we will request the writ, and, post-lockout, the property will be returned to the property owner.
At Murrah & Killough, PLLC, we understand that every property and borrower comes with a unique set of facts, and therefore the lender’s duties and prudent course of action will vary. All relevant laws and administrative rules are considered when analyzing each foreclosure. We provide our clients with guidelines to handle their foreclosures and legal advice to adapt procedures when necessary. At Murrah & Killough, PLLC, we have the checks and balances in place to make sure that no step in the process is overlooked. Most importantly, we maintain constant communications with our clients so that we know when to alter or stop a course of action in a timely manner.