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All Forum Posts by: Jeyo Punnakottil

Jeyo Punnakottil has started 37 posts and replied 137 times.

Post: Lot of showing request for rental Ppty.Need help.

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

@Nick C.Thanks for the advice.But my issue is the house is not vaccant.Me and my family are living there.If it was vaccant i wouldn't mind .That is why i am reluctant to let everyone requesting a showing in.Couldnt i ask the requested people to send a completed rental application and then screen them before showing the house that way i could eliminate a good portion of applicants who donot fit my criteria even before showing?

Post: Lot of showing request for rental Ppty.Need help.

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

I am new to rental investing.Currently listed my 1st rental Property on zillow and i am getting a ton of showing request.I donot want all these people to walk through the property due to current Omicron/Covid 19 surge in my city.How can i limit it.Should i ask all these intrested candidates to submit a rental application and screen the applications so i can pick the most favorable ones to come a do a walk through??

Post: Landlording software Azibo

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

@Joe Splitrock What are toher alternatives that you would recommend?

Post: Landlording software Azibo

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

Is anyone familiar with /using Azibo?? All in one landlord friendly software??

Post: What happens to lawsuits when you buy a property

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

@Wayne Brooks

Thanks for the replay.Thats what i thought too .HOA lien can be settled by negotiation with HOA and paying off the amount after we come to an agreement .Since the seller is suing the Insurence company because the prospective ppty flooded and insurence didnot want to pay , ppty comes into the lawsuit game.I am guessing as long as a clear title is issued it shouldnot matter.

Post: What happens to lawsuits when you buy a property

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

Found an on market deal.Ppty was flooded during Harvey and unoccupied .But the big problem is lawsuits .As per sellers agent Hoa is sueing the seller for not paying the fees( shouldnt it be an HOA lien)First time hearing HOA will sue you .The second law suit is between seller and insurence company bvoz seller was only paid 1600$ as insurence compensation bcoz of the flooding .Insurence company tried mitigation but seller refused.My question is what should i know before submitting an offer.Will the deal close ? i mean will title company close a property involved in active lawsuits? Or am i just freaking out on hearing the term lawsuit.Never heard lawsuits tied with properties ,delt with liens though.

Post: 1st time doing Foundation repair.What to get from repair company.

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

1st time doing foundation repair .Got few quotes and selected a company .Should i get anything from the foundation repair company.Did research on them and they been in business for 15+yrs and good client testimonies.Should i ask IF THEY ARE INSURED AND BONDED AND GET SOME PROOF FOR THAT??

Post: Investor friendly Tax person/CPA recomendations in Houston

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47
Originally posted by @Basit Siddiqi:

@Jeyo Punnakottil

If you forget to file the Texas Franchise Tax Return, Texas will assume that your business had income and base taxes/penalties on that figure.

Figuring out the tax year in question, filing a past due return, requesting abatement will likely remove the taxes due.

Reach out to @Michael Plaks to help you with your issue.

Thank you

Post: Investor friendly Tax person/CPA recomendations in Houston

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

@Kristyn Grimes Thank you Kristyn

Post: Investor friendly Tax person/CPA recomendations in Houston

Jeyo Punnakottil
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 138
  • Votes 47

@Aaron Zimmerman Thank you ,will reach out to Michael