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All Forum Posts by: Ben Smith

Ben Smith has started 5 posts and replied 19 times.

Post: Advice for friend with poor rental history

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4
Originally posted by @Russ B.:

Being able to show that the previous landlord did get paid would be huge. Even making regular payments on it would help a lot, especially if she can also show other things she's done to prevent the situation from repeating. 

Hey Russ, could you provide some insight on how one might be able to demonstrate that a previous landlord had been paid?

Thanks!

Post: Advice for friend with poor rental history

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

Hey all,

Thanks so much for your responses! I am certainly aware it will be an uphill battle, and recognize why most of you had said you would not rent to her (as I also would not rent to prospective tenants with an eviction). 

My spouse is her employer, and is willing to write a recommendation letter, so I know she can demonstrate stable employment. We are also willing to help her out with deposits, upfront rent, etc. Unfortunately, for the same reasons that most of you would not rent to her, we are very hesitant to tie our personal credit to her by co-signing (and of course there are further complications with the employment connections). 

Could anyone provide some insight into how evictions  or past judgments show in a persons record, and how one would go about demonstrating that a previous landlord has been paid? 

Thanks again for all your insight!


Post: Advice for friend with poor rental history

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

Hello!

I am looking to help a friend find a place after a recent eviction. (I know, not the usual question for this forum). I am new to the rental game, so I know more about the processes than she does, not as much as you all. What advice would you give to someone with a recent eviction and overall poor rental history in searching for a new place?

(For context, she’s a single mom with 3 kids and currently staying in an Airbnb, so I’m just trying to help her however I can. I will likely offer to pay first/last/deposit to get her in). 

Again, I know this isn’t typically the kind of advice you all would give, but I thought if anyone would have some ideas, it would be the BP forums!

Thank you!!


Post: Cleaning Service Recommendation Tulsa

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

Looking for someone to do some minor cleaning on a vacant property. It just needs touched up, as it was clean before but it’s been vacant for a few months and has accumulated some dust and dead bugs. Don’t want to pay an arm and a leg for a full deep clean for what really shouldn’t take more than sweeping/mopping/dusting. 

If anyone has recommendations for a company or even an individual who’d like some work, I’m all ears!

Thanks!

Post: Plumber for minor repairs in Tulsa

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

Very cool! Thank you!

Post: Plumber for minor repairs in Tulsa

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

Hi all,

I'm looking for a plumber to do some minor repairs/diagnostics on a property I just bought in Tulsa. Anyone have a recommendation?

Thanks!

Post: HUTTO. JOBS JOBS JOBS GROWTH called it!

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

Hey Lexi,

Mind expanding on this? I gotta say I'm not sure what you're talking about here. What's "Perfect Game"? 

Thanks!

Post: Partnership Structure for BRRR deals

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

@Scott Smith, thanks for the thorough response! I suspect I'll be in touch once I've got a specific deal coming down the pipe.

Post: General Contractor - 50/50 split?

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

Hey @Eric Clement, I'll be interested to hear how you end up handling the legal structure, as I'm considering a similar 50/50 split on some deals myself. If you remember, come back here and update us once you've got it figured out!

Post: Partnership Structure for BRRR deals

Ben SmithPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 19
  • Votes 4

thanks for the insights guys.

@Jack Inman, I'm glad to hear you've found a lender who doesn't have an issue with lending to LLCs. The mortgage broker I'm talking to now mentioned that he's never heard of a due on sale clause being enforced for transferring the property to an LLC after the loan is in place. I understand there's some risk in that but I may consider it.

@Scott Smith, I of course do fully intend to utilize the assistance and advise of an attorney for this process. In fact, I'm in your area, so perhaps I will reach out to you and your company when I'm ready. That  being said, I'd like to gather as much info ahead of time and put a general plan in place beforehand, so as not to waste your time or my money! Just listened to your podcast episode by the way, great stuff!