All Forum Posts by: Courtney King

Thank you @Wale Lawal

@Conor Kearns I'm happy to help! I'm on the SW side of Houston. 

@Husnain A. For sure! I use to work at Legal Aid at the court in Inglewood back in college. It was back then and I'm sure it's even worse now. I hope it works out for you. 

@Allen Tracy I'm a Texas Broker and Property Manager. We manage Section 8 units in DFW and Houston. We always have the payments go directly to us specifically for the reasons you listed. It's easier that way. I wonder if your PM is concerned about 1099 or something. It doesn't really make sense since they 1099 you and if it's a corporation, corporations generally don't get 1099's. It seems like them sending the payments to you adds quite a few more steps in the process on your end and on theirs.

Maybe research the housing program that you receive payments from and see how easy it is to change and then have a zoom call with the broker/owner of the PM company to come up with a win-win.

@Husnain A. Every state is different so it sounds like you may need to consult with another attorney. Here in Texas (Yes, I know we are way more pro landlord than CA), you can still evict someone on section 8, you just have to follow a few extra rules. Additionally, we are in COVID so there are a lot of special exceptions. 

I would also recommend that you communicate with their Section 8 Caseworker to explain what's going on. I think that may be a violation of the agreement between the tenant and Section 8. 

Last but not least, how are you communicating with the tenant? What's your approach. I find that having the right approach as you dialogue with the tenants to come up with a win-win is KEY to getting them to pay something. I hope this helps!

@Chris Barcomb Typical option period is 5-10 days usually from $100-$200. However, it is negotiable. If you're using the TAR contract form then the option period can be filled in. The third party financing addendum may be another way to protect yourself even with a private lender. 

@Chris Barcomb It sounds like you need a long option period. Paragraph 23 of the TAR 1-4 family contract OR a long contingency period if you are using financing. 

@Chris Barcomb Do you have any particular questions? There's no body to the post.

Hi @Jake Larsen Some of their agents have bought some distressed properties that I have sold for clients in DFW. Best practice ANYTIME you're dealing with a company like that or other wholesalers is to verify all of their numbers. In my experience the ARV's are usually inflated and the rehab numbers are usually too low. I hope this helps. Great learning for sure!