When All Else Fails … There’s Cash 4 Keys!
August 26, 2021 @ 11:00 am - 12:00 pm
| Free for AAGLA MembersYou have a tenant who is nothing but trouble and you need to get them out; it’s bound to happen to any property owner or manager. Most owners are familiar with the process of eviction and the legal aspects that come along with it. What if there was actually a less intensive, more viable of an option? Cash for Keys may be the alternative you are looking for.
Curious? Asking yourself, “what is that?” Essentially, “Cash for Keys” is a where the tenant is paid to leave so that the possession of the property goes back to the owner / landlord. This has been a strategy used by landlords, banks, and investors for many years. Cash for Keys helps owners vacate nightmare tenants, or so they can vacate the property so they can redevelop it. The Cash for Keys strategy is faster than getting an eviction and could result in a safer and cheaper alternative for you.
Learn why you must consider “Cash for Keys” as the best option for removing a problem tenant or tenant for any reason! During this important webinar, we will cover:
- Why Cash for Keys may be a far better option for you than an eviction, and how to make the Cash for Keys option work best for you.
- What to do if a tenant refuses the Cash for Keys agreement.
- What to do if a tenant refuses to lease after signing the Cash for Keys agreement.
- What are the important provisions of any Cash for Keys agreement? What’s the step-by-step process?
- And, of course, much, much more! Q&A to Follow…
This will be an interactive, online learning session. Q&A will take place throughout the online seminar.
Please log in to register. If you have any questions, please contact Events Manager, Diana Alcaraz, via email at . For faster service, please include your membership number. We look forward to seeing you. Please stay diligent and be healthy!
WARNING: THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM A LICENSED PROFESSIONAL.
About Our . . .
Panelist(s)
Shelby Istrin, Chief Executive Officer, Onyx Relocation
Onyx Relocation is a full-service tenant relocation company based in Los Angeles, California. Onyx consultants are experts in laws and regulations, budgets, timeframes, strategies and guidelines for buying-out tenants when landlords are seeking to redevelop existing apartment buildings or remove units from the rental market. Established in 2015, Onyx has relocated over 2000+ tenants, accounting for nearly a quarter of all buyouts in the city (according to the Housing & Community Investment Department of Los Angeles) with a success rate above 85-90% on qualifying projects.
The founder, Shelby Istrin, brings many years of tenant buyout experience to the table, as well as relationships within the city, and among agents and vendors. She is happy to share her knowledge, experience, and input with members of the industry and her consultations provide reassurance to landlords, buyers, broker agents and lenders that each project will be given individual attention and handled with caution and care.
Moderator:
Daniel Yukelson, Executive Director, Apartment Association of Greater Los Angeles
Daniel Yukelson is currently the Executive Director of The Apartment Association of Greater Los Angeles (AAGLA). As Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies.
