Rental Property Attorneys for Landlords in Plano (Kendall County), Illinois

 Posted on March 15, 2023 in Real Estate

Legal obligations specific to landlords include evicting tenants from their residences, safeguarding their assets, establishing enterprises, and estate planning. Landlords have had difficulties, particularly after Covid-19, which increased tenants' confidence. In addition, due to rent arrears and onerous government regulations, it has become challenging to own residential property, particularly in Montgomery and the surrounding counties of Kane and Kendall Counties, Illinois.

Landlord Evictions, LLC assists landlords with the landlord eviction procedure, including drafting eviction notifications. Every day, we handle eviction cases of all complexity levels. We also help with the complicated legal duties that landlords and property owners must follow. Read further under what we at Landlord Evictions, LLC specialize in and how our attorneys can help landlords and rental property owners in Montgomery and the neighboring areas of Kane and Kendall Counties.

How we help rental property owners in Montgomery

As mentioned before, with the preparation of eviction notices and the landlord eviction procedure, we help landlords in Montgomery and the neighboring areas of Kane and Kendall Counties with drafting and executing these important documents appropriately. We deal with eviction cases every day, from straightforward to complicated. We also take care of all of the landlords' and property owners' legal requirements, including, but not limited to, the following:

• Tenant Eviction from rental properties;

• Asset Protection and Wealth Preservation Planning for Owners of Rental Property;

• Estate Planning and Trust Services for Landlords;

• Real Estate Closings: Purchases and Sales of Real Estate, Including Rentals, Investment Properties, and 1031 Like-Kind Exchanges;

• Coordination of real estate, estate planning, and asset protection goals; business formation and LLC structure advice; implementation of series LLCs; 

• and tax planning for real estate owners and investors.

Attorneys for Rental Property Evictions in Montgomery

Being a landlord, which is already a tricky business, is made much more difficult by understanding complex and rental property eviction procedures. In addition, uncooperative and disruptive tenants restrict cash flow, making the landlord industry unprofitable. 

The eviction procedures in Montgomery and the neighboring Kane and Kendall Counties are generally understood among landlords. However, when a residential eviction is required, Illinois state law prohibits landlords from locking out tenants, turning off the heat and water, or conducting self-help evictions. Landlord Evictions, LLC helps with the home eviction process in the Montgomery, Kane, and Kendall Counties. Our eviction attorneys have years of experience and are qualified to assist with the proper procedures.

Rental property owners and residential landlords in Montgomery, Kane, and Kendall Counties areas who must initiate the eviction process must carefully follow the requirements outlined below. Landlord Evictions, LLC meticulously understands and abides by local and state requirements to avoid unnecessary delays in the Montgomery, Kane, and Kendall Counties' eviction procedure.

The creation of eviction notices is the first stage of the eviction procedure. The three prominent notices are typically five, ten, and thirty-day notices or a combination of all three. We advise landlords, evaluate their written or oral agreements, and help them choose how to dismiss undesirable tenants or recover unpaid rent.

The eviction notice delivery is the second stage in the eviction procedure. Most landlords must end a month-to-month lease or an expired rental agreement appropriately. At Landlord Evictions, LLC, we collaborate with landlords to help them achieve property protection and get through all the necessary processes to help evict tenants without hassle.

Filing Complaints for Rental Property Owners in Montgomery

A complaint is a written lawsuit that requests relief from the Kane and Kendall County courts. An official document called a complaint describes the nature of the eviction issue, the terms of the applicable rental agreement, and the manner and timing of how and when the landlord (or its agent) served the required eviction papers on the renters and other occupants.

A legal complaint for forceful entrance includes a formal demand for compensation and an order granting possession of the rental property unit. In a lawsuit for forceful entry and detention, damages frequently include the following: rent that is still owed beyond the move-out date; late fees, if applicable; court expenses and fees for delivering legal papers; and reasonable legal costs, if allowed under the signed residential lease.

Landlord Evictions, LLC often discovers ways to recover legal expenses, court costs, unpaid rent, and late fees for you because of its expertise with the eviction process in the Montgomery and Kane, and Kendall Counties.

A court order of possession gives the tenant a window of time to vacate the premises before the landlord intervenes. However, it's crucial to remember that the Kane or Kendall County Court frequently allows a maximum 14-day possession stay starting from the first court appearance. Therefore, it is implied by staying the order of possession that the landlord won't be able to get their hands on the property for some time.

If a tenant stays over the time allowed by the court in Montgomery and Kane and Kendall Counties, the landlord or their legal agent may begin the procedure of forceful eviction.

Unpaid Rent and Liability Concerns for Rental Property Owners in Montgomery

Due to one lawsuit and poor asset protection, successful landlords lost all their rental properties during the 2008 Recession. The founder of Landlord Evictions, LLC has extensive expertise defending landlords and property owners. The advantage of a Limited Liability Company, or LLC, is the defense of one's assets against liability claims.

Rental property owners should consider establishing one LLC or some variation of this strategy for increased asset protection, like a  hybrid of a corporation, a partnership, and an LLC. However, it is essential to note that an LLC is ignored for tax reasons. Therefore, you must file taxes to pay them under your or your family's name.

Recessions and situations like COVID-19 can lead to litigation and tenant problems like non-payment of rent claims. To shield their assets against liability claims made against them by tenants and their rental properties, wise landlords should seriously consider forming LLCs and creating an intelligent asset protection strategy.

Asset Protection Strategies for Owners of Rental Property in Montgomery

For rental property owners and real estate investors in Montgomery and the neighboring areas of Kane and Kendall Counties, Landlord Evictions, LLC specializes in asset protection and estate preparation. Attorneys specializing in estate planning must be made aware of title and real estate concerns. Likewise, real estate attorneys need a thorough understanding of effective asset protection and estate planning techniques. Landlord Evictions, LLC established the Real Estate Legacy Law specialty to fill the gap between real estate and estate planning attorneys.

Estate Planning for Owners of Rental Property in Montgomery

Rental property owners really must plan their estates. Real estate properties can result in drawn-out and expensive probate court cases, which should be avoided at all costs. Legal expenses and expenditures for court battles can run into thousands of dollars and cause avoidable difficulties.

A living trust, like a will, is an estate planning strategy that specifies how a person intends to divide their possessions and other assets when they pass away or become incapacitated. However, if correctly drafted, a living trust, also known as a "Revocable Living Trust" or "Trust," avoids probate court, in contrast to a will. As a result, the Living Trust has the advantages of preventing judicial proceedings, minimizing taxes, and lower legal bills.

Owners of rental properties in Montgomery and neighboring Kane and Kendall Counties areas should also consider protecting their assets by forming Land Trusts and LLCs. The capacity to protect your personal property from liens and penalties is the goal of a land trust. Because the LLC will be the beneficial owner of your rental property, the LLC and the land trust combine for the benefit of the rental property owner. This arrangement lowers your liability worries while maximizing asset protection.

Sale and Purchase of Real Estate by Landlords and Rental Property Owners in Montgomery

Suppose you are a landlord or rental property owner in Montgomery or the neighboring areas of Kane and Kendall Counties who cannot sustain the business for whatever reason. In that case, you can always look into the sale of your property. But on the other hand, if you want to rent or purchase your first piece of real estate or someone is looking to expand their existing real estate portfolio, we can help you with the entire process. 

Landlord Evictions, LLC is a real estate law firm with experts with over 50 years of expertise in title insurance. This degree of knowledge is essential and reinforces the reputation and skills of our real estate attorneys. For real estate attorneys, a strong foundation is provided by title insurance and legal experience. 

Title problems that might affect the sale or purchase of real estate investments or investment properties are covered by title insurance. We have real estate experience that other law firms don't because of our familiarity with title insurance. Throughout the 25-year span, our real estate team has also successfully carried out hundreds of closings.

Contact A Qualified Rental Property Attorney In Montgomery & Kane and Kendall County

Landlord Evictions, LLC in Montgomery and the surrounding regions of Kane and Kendall Counties will handle any legal requirements with your rental property swiftly and efficiently. Our attorneys and support staff specialize in all sorts of real estate concerns you may have. In addition, unlike many law firms, Landlord Evictions, LLC employs attorneys constantly drafting real estate paperwork. As a result, you may be confident that we will act quickly to resolve your complaints and eviction notices if needed.

We also assist landlords or rental property owners with formulating, submitting, and filing eviction actions and drafting and issuing other such documents. You can use our online contact form or dial 630-780-1034 to contact our legal team.