All Forum Posts by: Gustavo Delgado

holdover tenant. Hopefully you had a cordial relationship with the tenant. I would go over there and ask when they can expect to be 100% vacated and let them know that you need to take possession asap. Maybe give them an additional 24-48 hrs to vacate. if not vacated by this new deadline, let them know that you will begin eviction proceeding and it will go on their record making it difficult to lease in the future.

I had an ac tune up right before summer in houston began. They cleaned the condenser/replaced capacitor/ checked refrigerant levels  for $225

Mitchell, disregard my previous reply. The heat pump does everything heating and cooling. For some reason I thought you were focused on just heating not cooling that’s why I mentioned to just replace the furnace. But either way you have quotes for a heat pump I would still get quote to replace the complete hvac for your rental and see what makes more sense 

What about just getting a normal furnace? How much would that be? I'm guessing it would be about 50% cheaper and with regular maintenance it should last you 20+ years. You are posting from College Station so you know our winters in texas are fairly short ( less usage) but either way I would compare cost of the heat pumps to regular furnace before deciding.

Forget the lease terms in this situation. Sadly that city is devastated so I can understand wanting to go to NYC. Let your tenant go and wish him the best.

You did your due diligence and everything else was acceptable to you? Credit, background, income.. You have signed the lease and accepted his deposit and cashed it, correct? I don't think there is much you can do at this point other than go through with the lease. Now there should be a time limit for them to give your 1st month rent before they get the keys and take possession. If they do not give you the rent, then maybe you can say that they are in default and cancel the lease, maybe..

If you plan on short term rentals for condos in those area, make sure you do your due diligence! I know of two in the westchase area that have incorporated in their bylaws that there are no leases allowed of 6 months or less. Personally I would focus for areas near downtown/ med center/galveston. Good luck!

This sounds like a thought out plan. 

Don't know how much losing the homestead is going to increase your payment but you will need to change your insurance to a dwelling policy (landlord) not a homeowner policy. This will be more expensive. 

The best way to learn is by doing in my opinion

Hire a realtor. if you don't know one of the bat, I would get on har.com and see what is leasing in your area an maybe reach out to one of those agents that is already working that area. Make sure you get an experience realtor that can guide you through the leasing process, vette out any prospects, explain what your duties as a landlord are and what to expect, good bad and ugly.

 Hey Ko, I am the seller in this situation not the buyer. And yes I will cooperate with the buyer to get this done..

 To clarify, im am the seller not the buyer. They are using conventional and closing was set for this week.