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All Forum Posts by: Rod Hanks

Rod Hanks has started 8 posts and replied 566 times.

Post: Help reaching an empty neighbor's house-(Trust owned)

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

I've sent letters to the owner on tax roll. Also putting a business card and flyer on the door could work. A more intrusive approach would be to Google the owner name and see if you can find relatives and skip trace and call them.

Post: Collecting an Eviction Judgement

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

If you already have the judgement you can turn it over to a collector. I've never heard of anyone collecting but I'm sure it's worth a try. Usually they don't own anything to attach it to. If in the future they try to buy a house, the lender may require it to be paid but that's a long shot. 

Post: Unresponsive Tenants - Help!

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

Sometimes emails go to spam and simply some people just don't check their email religiously like the rest of us. A good ol fashion phone call or house visit would probably solve your problem. 

Post: Best way to inform someone they are not qualified to rent your property?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

It’s great that you’re being thoughtful about the process! To communicate that a candidate doesn’t meet your qualifications without violating fair housing rules, you can simply focus on the criteria rather than the individual. Here’s an example of what I've used if they don't qualify based on what's on application.

Subject: Status of Your Rental Application

Dear xxxx,

Thank you for your interest in the rental property at xxxxxx. After reviewing your application, we’ve determined that, unfortunately, we are unable to move forward with your application at this time, as it does not meet our established criteria for income and (other established criteria)

We appreciate the time you took to apply and wish you the best of luck in your continued search for a home.

Best regards,

This approach is neutral and objective, focusing strictly on the criteria, and avoids discussing any specifics about the applicant’s personal situation. By emphasizing your qualifications as the basis for your decision, you steer clear of potential issues related to discrimination.

Post: House hacking with low liquidity and an investor or two

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

To structure a partnership, consider forming an LLC where you handle property management, renovations, and operations, while the investor provides the down payment. Ownership and profit-sharing can be split based on contributions, with you possibly earning equity through sweat equity. Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split. Work with a real estate attorney to draft a formal agreement that outlines responsibilities and protects both parties.

Post: Need help navigating HOA & Home Insurance Claim

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

Normally when a pipe burst the insurance company will pay for the damage that the water causes but not the cost to repair the pipe. I would think that your insurance company would cover the damage to your unit and the HOA insurance would cover the cost to repair the pipe but I would have to review the CC&Rs and your insurance policy to confirm. I would recommend getting a letter from your HOA specifically outlining why they are not covering the pipe damage and a letter from your insurance company why they rejected the claim and then contact a public adjustor or attorney to help.

Post: Tree Removal - Insurance or other ideas for coverage?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

No, insurance won’t pay for preventative maintenance. But I would definitely get it removed asap because you said it was rotting and looks like it’s going to fall over. The neighbor put you on notice, so if it were to fall over you will be negligent and liable for damages. Also the insurance co could deny your claim for failing to take reasonable actions to remedy the situation before it fell over because you knew it was rotting and a hazard.

Post: Bad deal - what should I do next?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370

Been there and done that a couple times. I would refi and rent and wait on appreciation.

Post: How insurance handle slip and fall lawsuit case?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370
Quote from @Jessica Johnson:
Quote from @Rod Hanks:
Quote from @Jessica Johnson:

So if a landlord notifies his insurance that his tenant is suing him (slip and fall), what will the insurance do? Will the landlord have to find his own attorney or the insurance will appoint one attorney for this case?


insurance will open claim and assign adjustor who will inspect and determine liability. Insurance company will handle all communications with attorney to settle or litigate.



 Does the insurance open claim before the lawsuit (if the landlord has not been served yet)? 


If you have been put on notice, it’s your duty to file claim with insurance company. Usually an attorney will call or send you a letter to put you on notice before they file a lawsuit. They want to make sure you have insurance and they can collect before they go thru the expense of filing a lawsuit. 

Post: How insurance handle slip and fall lawsuit case?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 585
  • Votes 370
Quote from @Jessica Johnson:

So if a landlord notifies his insurance that his tenant is suing him (slip and fall), what will the insurance do? Will the landlord have to find his own attorney or the insurance will appoint one attorney for this case?


insurance will open claim and assign adjustor who will inspect and determine liability. Insurance company will handle all communications with attorney to settle or litigate.