The Real Deal’s Post

Let's discuss tenant bankruptcies in California's commercial real estate industry. This can be a significant challenge for property owners if they're unprepared. Imagine getting an email saying your tenant has filed for bankruptcy – quite a shock, right? But don’t panic! We’ll cover Chapters 7, 11, and 13 bankruptcies and provide tips to help you protect your interests. Keep an eye out for warning signs of financial distress, like late rent or reduced foot traffic. Use lease security measures such as security deposits, letters of credit, and guarantees to protect yourself. If your tenant is struggling, consider negotiating forbearance agreements or rent modifications. When a tenant files for bankruptcy, an automatic stay stops most collection actions. This can be frustrating, but you can seek relief from the stay by filing a motion with the bankruptcy court. Use this time to gather information and strategize. In bankruptcy, tenants can choose to assume, reject, or assign the lease. They have limited time to decide, usually 120 to 210 days in Chapter 11 cases. Being prepared helps create a stable, thriving commercial real estate environment. By working proactively with your tenants, you protect your interests and foster a healthier business community. Learn more here: https://lnkd.in/dJkeZ9yS #CommercialRealEstate, #TenantBankruptcy, #LandlordTips #BankruptcyProtection, #RealEstateStrategies,

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/sVeT50RC5kh #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/sVeT50RC5kh #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/sVeT50RC5kh #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/sVeT50RC5kh #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/sVeT50RC5kh #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/sVeT50RC5kh #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/LxUs30sCRSy #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation

Chapter 7 Bankruptcies Are Up. What Does This Mean for Our Real Estate Market? During the COVID-19 pandemic in 2020, I remember Bass Pro Shop in Las Vegas being sold out of boats, ATVs, and side-by-sides. People couldn’t travel and were finding new ways to entertain themselves, often exploring Nevada’s thousands of acres of BLM land. Many of these recreational vehicles were financed with promotional deals, and now, that debt is catching up with people. Some people are having trouble making payments on these items due to the increased cost of living. According to Lisa Song Sutton, this has resulted in an increase in Chapter 7 bankruptcies. What do you think this means for the real estate market?

✨Basic Bankruptcy for Real Estate Agents✨ 📅Join us Thursday, June 13th! Register Here 👉 https://ow.ly/93Th30sE4Mr #Bankruptcy may affect your closing, but it doesn’t have to stop your sale! Learn the bankruptcy process and the title steps to close. #RealEstateEducation #AgentEducation