All Forum Posts by: DG H.

Hello All:

I have a property that I owner financed 4 years ago. I’ve searched the web for a company that would take care of sending notices for late pays, notices for Taxes or insurance. The kicker is I want a company that can report to a credit bureau. I don’t even know where to start and thought maybe some of you have real world experience with this.

All help is appreciated.

Great $uccess!

Dee-Texas

anyone with experience in leasing out your rentals to companies like this? 

Pros and cons?

I’m watching some YouTube channels but not much new..most are are posted a year or more ago.

I know there is always a big demand for senior living but is it profitable for the landlord or more headache?

Who usually pays, extra insurance, utilities, do they furnish the rental like a regular tenant or will the landlord have to have it ready as in a VRBO? Many questions for a beginner. I’ve been a landlord for 15 years but never in this type of business.  

A few years ago if a tenant owed you rent or damaged your property you could enter the premises and “hold” certain items. It’s an old law I believe but was still could be used. It’s so old you couldn’t take their goat. You CAN take their big screen TV! Score!

Any one out there in Texas know if this is still on the books for us? 

I am so over getting hammered by tenants and the laws that protect them….with us taking all the hits. 

Hello from the great state of Texas. I have been in your shoes and it’s a hard uphill road. I ALWAYS call the police or sheriffs department and ask for an officer to enter the unit with me. All of a sudden the rude and volatile volatile person is very meek. When can do this in Texas and I hope you can in your state.

We send an email, text and letter to the tenant giving them a date we will post this information on the front door for a 3 day quit. We set a time to arrive with the officer and have paperwork to serve the tenant; (everything you go over in front of the officer) Here in Texas they can do nothing other than observe but they do have to write a report for their department which is a great tool when you sue the tenant for damages or eviction.

Good Luck keep records of every text, email at this point do not speak in person with the tenant unless you have protection and witness. 

This one thing is a stumbling block for me. I usually can search name and address of a property but can’t find a cell number. As you all know most everyone has a cell and nothing else. What do you all use? I know there’s no free ones worth anything. I don’t mind paying for quality because I know this will help my business.

Thank you for your time,

“D”

A church is a good idea. This property has been on the market before but for much more money. The area isn’t bad but it’s not on the main part of town that gets the through traffic.

Anyone had experience in rehabbing an old bowling alley into something that makes money?  Lots of space 6-7 AC&Heat units 3years old 6,000 sq. Ft. The building is sound just bowling isn’t a money making thing, owner is willing to sell for 100K. It’s in a rural Texas town population 10,000. The only idea I can think of is storage facilities but there are quite a few in the area now. Ideas? 

Hello All:

TEXAS: 

I've searched and can't find a recent thread on this subject. Anyone with experience offering property owner financed with a balloon in 5 years so the buyer has time to clean up their credit? Good bad and ugly experiences?

I've been a RE Investor for 15 years. I got the bright idea I would get my RE License here in Texas; thinking it would help me with investing. If anything it's slowed down my investing. I am with a large brokerage but it's 2 hours away from me...I live in a very rural area.  The Realtors I use to get my deals through now tell me flat they don't want an offer from me because their sellers won't sell that low...well that's odd because before I had my license they would take the offer. I also did flips....now it's almost impossible to sell my flips. I can't sell my own properties....WHAT?...that's a crock! I have to find a competitor Realtor to be in my deal! My fellow Realtors in my brokerage are too far away to help. So..all of the posts I read here that said get your RE License it will help you in your RE investing...my experience. Too many hoops to jump through. Maybe I'm just doing this all wrong...what would you do to streamline the process?

In my rural area we have many homes that don't have CH&A (they have window units and floor heating) I have one listing like that now. I received an offer on this property this weekend. The buyer has a pre-qual letter but when the lender found out the property doesn't have CH&A they told her FHA will not loan on this type of property. All property must have a permanent thermostatically source of heat. They said it was new lending rules? Any one out there that will explain or help? Maybe a House Hack that will work to statisfy the lender without the cost of a HVAC system? I can't imagine what this will do to the many many older homes in Texas that doesn't have HVAC nor the sellers have the money to put it in to sell.