REAP: How to Avoid the Worst 4-Letter Word in Rental Housing

How to Avoid REAP and Navigate Tenant Buyout Agreements

Join us for an important legal webinar focused on how to avoid costly habitability claims and steer clear of Los Angeles' Rent Escrow Account Program (REAP), as well as how to properly execute tenant buyout agreements, also known as "Cash-4-Keys" deals.

Webinar Details:

• Date / Time: Thursday, July 18, 2024 | 11:00 A.M. – 12:00 P.M. (Noon)
• Cost: FREE to all AAGLA Members
• How to Attend: Please login to register

Presented by Andy Baker, Esq. and Sasha Struthers, Esq., this timely and informative webinar will cover how to avoid falling into REAP, the consequences of being placed in the program, and steps landlords can take to legally and efficiently remove themselves from REAP status. If time permits, we will also explore tenant buyout strategies that can help landlords resolve difficult tenancies without prolonged legal proceedings.

Webinar Topics Include:

• What leads to a property being placed into REAP and how to avoid it
• Understanding how REAP functions and the legal ramifications
• Options for appealing REAP placement or negotiating rent reductions
• Costs and procedures for exiting REAP
• Overview of tenant buyout agreements and their benefits
• When buyouts are appropriate and what terms should be included
• Legal requirements and compliance for executing buyout deals

This live, interactive session includes a Q&A segment to address your specific concerns. Register today for insights that will help you avoid costly regulatory missteps and improve your property management strategies.

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 YOUR LICENSED PROFESSIONAL.

Featured Speaker(s):

Andy Baker, Esq.
Attorney Andrew S. Baker specializes in real estate and construction law throughout Los Angeles and surrounding counties. He represents property owners in land use, zoning, code compliance, and administrative hearings.

Sasha Struthers, Esq.
Sasha Struthers is a California attorney and real estate broker, focusing on tenant buyouts and compliance issues. She has managed a 15-building portfolio and produces educational content for landlords. Visit her at www.struthers.legal.

Moderator:

Daniel Yukelson
Executive Director, Apartment Association of Greater Los Angeles (AAGLA). Daniel is a CPA and former CFO for major firms including Premiere Radio Networks and Oasis West Realty. He has also served as Planning Commissioner for the City of Beverly Hills.