Description
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In this video, Clint Coons, Esq. reveals a costly mistake that many landlords make during the tenant screening process—one that can lead to legal headaches and thousands of dollars in penalties. Most landlords believe that if they choose the most qualified applicant, they’ve done everything right. However, there is a little-known federal requirement that can create serious liability, even when a landlord has acted fairly and reasonably.
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Show Notes
0:00 - Intro
1:17 - The hidden landlord trap nobody talks about
2:00 - What "adverse action" really means
2:22 - Why choosing the higher credit score can create liability
2:48 - Approved tenants can trigger adverse action too
3:17 - Cosigners, deposits, and other costly mistakes
4:14 - The notice every landlord must provide
5:22 - When should you send an adverse action notice?
6:31 - What happens if you forget the notice?
7:04 - How attorneys turn paperwork errors into lawsuits
8:57 - The legal defense most landlords overlook
9:58 - Building a compliant screening system
10:30 - Free government forms landlords can use
11:48 - Why compliance alone won't protect your assets
12:30 - The bigger risk: problem tenants and lawsuits
13:38 - How to structure rental properties the right way
14:06 - Two steps every landlord should take today
14:40 - Asset protection strategies for rental owners
15:00 - Free strategy session and final thoughts
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For financial strategies, podcasts, articles, and details on upcoming workshops, visit https://aba.link/clintaba
Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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