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All Forum Posts by: Cristin Andrews

Cristin Andrews has started 12 posts and replied 62 times.

Thank you all for your replies. 

Quote from @Nathan Gesner:
Quote from @Cristin Andrews:

A 25-year-old and a 22-year-old renting a 4bed house is automatically a red flag that justifies additional scrutiny. Even if they could afford it, why would people that young want such a large, expensive house? They may be planning to airbnb it or turn it into a party house.

I would have a hard talk with your PM about their screening process and ask them specifically how they checked the backgrounds and what they found. Point them to your evidence.

If your PM is even half-way professional, they will admit their error and find a way to get these tenants out of there. Most applications ask the Tenant if they have any criminal history so you could evict the Tenants for lying on their application.


 Yes! This was my concern exactly. If I had known they were that young also I would have been even more concerned since the whole reason I got a property manager was to do better tenant screening than I had been able to do before. All they told me was that they were a couple with two dogs. I said doesn't it raise a red flag that a couple would want such a big house and they said no because she is pregnant. If I had known they were pregnant and unmarried and so young as a property manager I would have definitely done extra checking to be sure they could afford 2300 per month. They obviously didn't do much checking at all. When I sent the PM the results I found they sent back the results from their check that showed no convictions. I said I wanted them out or the PM to be doing extra checks because it is a non smoking house and he also has warrant for smoking marijuana too. She said she would get advice from the firm's lawyer on how to handle it. I just hope they don't try to turn it into a grow house. 

Quote from @Colleen F.:

@Cristin Andrews  you can find open warrants on a google search?   or is this a texas courts database? 

One thing I would do is make sure every neighbor who meets them mentions there are a lot of people in the neighborhood who are good friends with the owner.  I would also make sure your friends has the PMs number in the event of an issue. Legal activity at the location should be sufficient to terminate the lease. I am not sure if lying on the application is an issue.


 Hi Colleen. Once I had their names I did a google search. The first result that came up was his mug shot and an article in the local newspaper showing him getting arrested with a ton of drugs and a gun in his vehicle. The article stated he had 20 open warrants. Obviously they bonded him out. 

Post: Tenants tells me Texas law!

Cristin AndrewsPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 66
  • Votes 30

I provide them in my rental but with the disclaimer that I don’t maintain them and tenant pays to repair or replace.

Hi. I just went through fixing up my rental that had about 10K damage from previous renters ( in a B neighborhood) in Houston. This is my only property and it is the house I raised my kids in in a nice family neighborhood. After this experience I decided to hire a certified property manager to screen tenants and handle things going forward. I interviewed and selected a property management company (did not go for just cheapest option) and they rented the place out but wouldn't  give me any detail on the new renters until today when they picked up the keys for a one year lease. All they would tell me was that they met the 3x salary requirements. I raised a concern that a couple without kids was renting such a huge house (4 bedroom plus study and game room) and asked if they thought that was a red flag and the property management company said no. Once I received the lease today,  I did a quick google search on the names and found out within 30 seconds that the 25 yr old one has 20 open warrants for things like possession with intent to sell, burglary, drunk driving and so on over a 5 year period. A few of them were disposed and the others are still in process. The other tenant is a 22 yr old. With no actual convictions yet is there anything I can do? My best friend lives across the street with her kids and I'm terrified now that I have brought danger onto their street. I'm also concerned that they will start dealing drugs out of my house. We are using the standard suggested har lease. 

I'm in Houston and have SFR. The only reason I chose this market is because I live here. Property taxes are extremely high. If I didn't live here I would choose a more profitable market. I know investors in Austin and they have been complaining about the market recently there. I think the sweet spot there might have passed.

Post: How to calculate deduction from deposit for carpet when installing vinyl to replace

Cristin AndrewsPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 66
  • Votes 30
Quote from @Richard F.:

Aloha,

You would also need to account for the depreciation of the three year old carpet. I believe carpet is either 5 or 7 year life for IRS purposes, so you will be around 50% depreciated.


 Thank you - I'll make sure to do that

Post: How to calculate deduction from deposit for carpet when installing vinyl to replace

Cristin AndrewsPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 66
  • Votes 30
Quote from @Michael Peters:

Carpet has a 5 or 9 year depreciation depending on your tax strategy.  The Department of Housing and Urban Development uses the 7 year guideline which is what we use.  I also include a general rule of 3 turnovers typically means new carpets should be expected.  With great tenants you can absolutely get carpet that lasts longer.

Have your installer to bid both carpet and vinyl.  Prorate the cost to replace just the carpet.  Using the 7 year rule the tenants would be responsible for ~57% of the replacement cost.

Here is a link to the IRS publication.  You can find the depreciation scale on page 9.  
https://www.irs.gov/pub/irs-pd...

 Thank you so much!

Post: How to calculate deduction from deposit for carpet when installing vinyl to replace

Cristin AndrewsPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 66
  • Votes 30
Quote from @James Mc Ree:

You can get a few quotes to replace the carpet with a similar grade of carpet to establish the cost. The tenant would pay to replace the carpet and you could do whatever you want from there.


 Thank you. So that would be legal and they wouldn't be able to claim I charged them for something I didn't install? 

Post: How to calculate deduction from deposit for carpet when installing vinyl to replace

Cristin AndrewsPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 66
  • Votes 30

Hi. My renters absolutely destroyed beyond regular wear and tear (playdoh ground into carpet and dog stains and rips) the carpet that I had installed in the unit just before they moved in. They were there 3 years. I will need to replace the carpet in the entire upstairs (downstairs is tiled) and I would like to install vinyl instead upstairs. If I do this - can anyone advise how I would itemize/document/calculate the cost to the renter for the carpet replacement for the purposes of justifying the deduction from their deposit?