All Forum Posts by: TRUNG DAO

Good morning,

Thank you so much for everyone advised.  That is what I will do and hopefully I don't have to do too many of these in the near future...

Thank you.

Josh

Hello,

I currently have both parents on the lease and the they have six kids that live with them(ages ranging from 21,20,18,17,16,14).  They have living there since the oldest was 15 year old.  In our contracted lease the parents are the lease holders and their kids listed as living with their parents.  This is for failure to pay eviction case.

The property is here in Texas and my questions are:

1>  Do I only need to file an eviction procedure to the parents(lease holders) only or every member that are currently living there?

2>  Is there a different procedure to handle this situation especially the  two minor?

Many Thanks in advance,

Josh

Thank you again!

Here is the update on the situation. The eviction record checked out clean but the criminal are true.... Seller turned in the lease information and the 100% of the deposit money to the title company and they will credit it to me at closing. After closing I will have an OPEN MIND & HEART to sit down and have a talk with tenant and hopefully we can savage the relationship. I will reconsider to go back to the first offer that tenant has agreed too($1280 deposit minus $1250 from his old deposit, $200 none RF pet deposit, $1280 a month with an incentive of $30 credit back to next month if they pay it on time).

Questions.....

* Would you(season Landlords) sign him up for a year lease or month to month?

* On the new lease contract, how should I put down for the deposit?

> $30 deposit + $200 none RF for pet or $1280 + $200 none RF pet(but only collect $230 from tenat)

* Any more advice would be greatly appreciated.

Thank you so much!

Josh

Thank you so much for your advised. I forgot to mention that he got a felony theft in 2011 and two more charges (using fake car sticker and SPGS -- have no Ideal what this is -- All of this three charges he denied. There is also 5 collection accounts with one been in 2014. He has a 21 year old son and he also has collection account on his credit. as far as eviction goes... I have about ten pages that I need to sort it out because his mane is very common... He told me that he did not have any eviction either.

This is the first time I bought a property with tenant in it and still learning... I want to be a good a fair Landlord for the long run and I'm here to learn and hope this lesson won't cost me too much..... The property is under TEXAS law....

Questions...

* At closing, is the title company will handle all of this transaction?

* With this new information.... Please advice?

* How bad is the criminal record before you have to stay away?

* What would you do?

Many thanks in advance....This forum and your guys are the best....

Josh

Hello and please advice...

My offer was accepted by the seller for $118k and we are scheduled for closing on June 25, 2014. This property has a tenant that pay about 1250 a month and is on a month to month with the seller. Seller have asked me to keep tenant on after I bought the property. I asked seller about the tenant application, background and payment history.... I was told that they pulled the credit report but not the criminal and everything look fine except they paid late a couple of time but is current on his payment now. NEVER DID THEY MENTION ABOUT THE 2009 FORECLOSURE! During home inspection, The home was very well taking off. I spoke with the tenant and they want to stay on with me. I gave then my new lease term($1280 deposit, $200 none RF pet deposit, $1280 a month with an incentive of $30 credit back to next month if they pay it on time AND THEY HAVE TO HAVE AN ACCEPTABLE BACKGROUND AND CREDIT CHECK). Tenant agreed and I sent him a link to apply and pay for the application process. The report came back and it does not look to good.... a foreclosure in 2009 and 2 DWI 15 years ago. AFTER a long hard look at the situation... I spoke with tenant and offered him the new lease term and told him that if he does not like this term then this is his 30 days notice to vacate the property.($2000 deposit, $200 pet, $1300 per month with $50 credit to next month if they pay on time.). Tenant doesn't like new term and have not call me back(may be he does not have all the money in time for the signing of the new lease sign with me in July).

I contacted the seller to inform him of the situation. I also asked him to taken care of the tenant before the closing date. Seller got upset and told me that I should not have asked and run the credit check on the tenant since the home is not officially my. He told me that I need to deal with the tenant on my own after we close on the house. At closing he will give me the Signed lease, move-in form and what ever left of the deposit money after he fixed the house.

HERE WHERE IT BECAME STICKY AND I NEED SOME ADVICE PLEASE!!!

* Do I have the right to do what I did?

* Does the seller has the right to keep the deposit money and deduct what ever he wants(Technically the tenant has not move out jet)? (In our purchased contract stated that he need to transfer the deposit money to the buyer)

* If tenant sign on with me then should the seller suppose to transfer the FULL amount of deposit to me?

* Whose is responsible for evict/decline tenant if he chose not to sign on with me?

* I have spent: $100 option, $1000 Ernest, $189 inspection, $600 appraisal..

** WHAT ARE MY BEST OPTIONS HERE...

ANY ADVICE WILL BE GREATLY APPRECIATED!!!

JOSH