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Updated over 10 years ago, 04/02/2014

User Stats

92
Posts
9
Votes
Raza Rizvi
  • Rental Property Investor
  • New York, NY
9
Votes |
92
Posts

Lead Paint Nightmare

Raza Rizvi
  • Rental Property Investor
  • New York, NY
Posted

Hello everyone, Really need your help here. I bought a 3 unit property in NJ with tenants already in them. I got new month to month leases with the tenants just to see how they will pay... 2 tenats worked out ok but one tenant with a 2 year old child stopped paying rent after 1.5 month.
Anyway I started sending registered eviction notices etc. so they wrote me a fradulent check from a made up charity. Thats when i started the eviction process

Anyway fast forward 4 months. The sheriff will be locking them out any day now and now they are now threatning to take me to court for lead poisoning of their child. The house was built it in 1930's so it obviously has lead. I also made them sign the lead disclosure paperwork when they signed the new month to month lease even though they were already living there. In addition I got the kid's room and the window ledges painted with lead encapsulant paint. Even though only after a month and a half i was sending eviction notices, I still feel like i could be taken for a ride.

These people are really dangerous. I'm not even sure if they will harm their own child to make a buck. Anyway, am i protected enough?? I have a LLC and also have insurance on the house. But I believe they can still come after my assets.

What should i do?? Really worried about this issue. Can i do anything else to protect myself further? Like forming another umbrella LLC.

Any help would be really appreciated.

Thanks

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