In this episode, Realtor Adam Kruse had Attorney Julie Ostrom of Beck Ostram Sweet, LLC came into the Hermann London offices to give a presentation on investment properties. Find out about the new rule regarding security deposits and how landlords and property managers can protect themselves by having a more thorough lease agreement.
Email questions to PODCAST@HermannLondon.com
Host - Adam Kruse https://hermannlondon.com/realtor/adam-kruse/
Shannon St. Pierre https://hermannlondon.com/realtor/shannon-st-pierre/
Attorney Julie Ostrom-http://bos.law/attorneys/julie-k-ostrom
Producer - Joey Vosevich
Theme Song by Trastornobeats
0:30 Adam and Shannon give a disclaimer explaining that this was an educational presentation held in the Hermann London conference room that they decided to record for the podcast.
3:41 Adam thanks Julie Ostrom of Beck Ostram Sweet for coming to Hermann London to share her knowledge
3:58 Julie introduces herself. She has been licensed to practice law since 2009 and her speciality is investment properties.
4:20 Why is it important to have a lease agreement?
4:30 Can you collect late fees without a written lease agreement?
4:40 Can you be reimbursed for attorney and court fees with a lease agreement?
4:56 Can you waive the right to a jury trial with a lease agreement?
5:19 How long should a lease be for?
6:03 What is a month to month tenancy?
6:40 What is a good termination clause?
7:23 Identify the monthly rent, the day that it is due, and the grace period in your lease agreement
8:10 What is rent abatement?
8:50 Use a lease agreement to identify who pays the utilities
10:14 There is a new rule as of August 28th, 2018 that says security deposits have to be kept in a seperate account that is FDIC insured
14:24 Can you collect more than 3 months rent for a security deposit?
16:01 How soon must a security deposit be returned to the tenant?
17:14 Evictions
17:53 What are the two types of evictions in Missouri?
17:56 What is rent and possession?
18:03 What is an unlawful detainer?
19:40 How much does it cost to file for a rent and possession eviction?
20:15 What are the two types of servers in an eviction? What is posting service? What is in REM?
26:18 All landlords have an obligation to mitigate damages. A landlord is not allowed to double collect.
27:00 What can a court order tenants pay to a landlord
50:08 Encroachments
51:17 Do you have the right to trim anything that is encroaching on your property? What if you kill your neighbor’s tree?
52:08 Can you file a lawsuit to enter your neighbor’s property to fix your property? What is easement by necessity?
54:17 Do you have to take someone to court if they claim a survey is wrong?
55:20 How often are the surveys wrong
56:29 Call the law firm at 314-772-2889 jostrom@bos.law www.bos.law
