Realty411 Magazine The Future of Real Estate is Here | Page 90

Practical Legal Aide for Investors I n the real estate industry, certainly there are times when an investor requires in-depth legal counsel on a specific legal issue, such as incorporating and legally protecting your business, signing a con- tract or document you hadn’t fully read or understood, the risk of being sued from a joint partner deal, a dispute with a tenant or property manager, collecting money from a tenant, property manager, or joint partnership, just to name a few. Even at a cost of $200 or more per hour, the outcome may make that expenditure worth- while. But not many of us like to call an attorney for advice or help of any sort, as we know upfront, the charges we incur can be of an amount extremely large. This puts many of us in a difficult situation of whether we should spend the money for attorney fees or take the risk of not having council, by doing without the cost or expense and unfortunately without the professional assistance that we might need or require. Prepaid legal plans have been around for many years, but it has taken a few years for legal service plans to achieve some degree of market penetration and use. Not sur- prisingly, the “great recession” has been a catalyst for growth for prepaid legal plans. Real estate investors continue to pinch pennies tighter and tighter, squeezing out legal service as a viable option. There are a variety of plans and providers in the market, and there is some degree of specialization among these providers. In one example, real estate investors pay a designated monthly fee, and receive a package of legal services to protect your family and your business. Real estate investors have more things to do than there are hours in a day. There are projects to run, schedules to keep, marketing campaigns, and rent to collect. Many of these activities have legal implications, such as real estate questions, taxation, interpretations of laws and usury rates. But how likely are real estate investors to pick up the telephone for legal advice and assistance when every minute the “legal meter” is adding fees? Legal Shield allows real estate investors to pick up the telephone for profession- al, person-to-person legal advice and assis- tance as part of their “prepaid” legal service plan. Over time, many real estate investors find new ways to use their legal service plan and often these applications go directly to the bottom line. “The Home Based Business Rider” is at- tached to the “Expanded Family Plan” and in combination enables the investor to protect Christy-Ann Olivares explains how Legal Shield can benefit investors & entrepreneurs. their family and business with significant benefits. To become eligible for membership, you must meet the following qualifications. Since the Home-Based Business Legal Service Rider is an add-on to the Expanded Family Plan, you must have an Expanded Plan membership. Your home and business address must be the same. Your business en- tity must have three or fewer employees, and your business must be for-profit and cannot be publicly traded. For information, call 415-902-8772 or visit www.ChristyAnnOlivares.LegalShield.com to learn more about how you can save your family money and grief. SFBAREIA offers serious real estate discussions in a relaxed setting and social environment. Connect with us online to learn more about our monthly mixers. MEMBER BENEFITS: • Trial Defense • Debt Collection Letters • Telephone Consultation Christy-Ann Olivares • Legal Correspondence Investor - Connector - Motivator • Legal Documents Reviewed Independent Associate “Small • IRS Audit Protection Business & Group Benefits” • Reduced Fee Services @25% • Expanded Family Plan Benefits Call 415-902-8772 for your FREE 45 minute “Private Session” Realty411Guide.com Held on the 1st Thursday of Every Month LOCATION - THE VINYL ROOM 221 Park Road, Burlingame, CA 9410 • 7 pm to 9 pm Visit us @ http://www.meetup.com/SFBAREIA PAGE 90 • 2014 reWEALTHmag.com