All Forum Posts by: Jason Vo

What are the HCVP requirements to the landlord and landlord's properties? I assume the rental props must be in compliance with the city code, but what they are exactly?  

I have never been in Galveston before, but to answer your question, In Texas, Struck-off properties did not receive a bid at the tax sale and are jointly owned by the taxing entities and may be offered for resale at a future date. 

Depend on the type property or/and home owner exemption, the redemption period might be different.

Tim, 

Katy is a hot market not only for rental. I have been looking around 77449 and some other areas but the price per square-foot is too high for buy-hold investment type. You might not have high ROI of your rental props.

Just like Kevin have said, you have to do all of that background check concerning their jobs, credit score and previous landlords. However, there's still a risk of being a landlord. 

I would strongly suggest to hire a property management to manage your property and dealing with tenants when it comes to legal issues. 

 Greg,

No, not yet. I plan to discuss this with the remaining tenant after knowing what direction should I take to clear this legal issue. So far, none of the attorneys were able to give me a definite advice just yet, but bouncing me back and forth. 

You mentioned to contact the trustee which I think it makes sense, never thought about it as I think I should have an attorney to represent me. I will try to contact them today. 

Greg, that is exactly what I thought since I would keep the current lease agreement until it's expired. 

The funny thing is that I tried to contact some Real Estate attorneys, they told me that I need to consult with Bankruptcy attorneys, so I called them and again they told me to get with Real Estate attorneys... And I'm not sure if I might need to have a lawyer in Phoenix who could represent me since the case is filed over there. I have about 10 days left to response to the trustee. 

 Isn't the automatic stay to benefit one who files bankruptcy and to prevent the creditor which is myself to collecting payments or debts? My case is the other way around.

Here is another issue guys:

I found out that she had filed bankruptcy in Phoenix, AZ around March of this year, apparently she moved out prior that without letting me know. So now I just received a letter from the trustee in Phoenix, demanding me to remit the security deposit to the trustee. 

Several bankruptcy attorneys that I called gave me different advises, some told me to contact local Landlord and Tenant attorney, some told me to contact bankruptcy attorney in Phoenix. 

Anybody here have ever experienced the same situation? Under the Texas law, what's the tenant rights over the deposit? According to the lease agreement, the deposit is refunded at the end of the lease. Much appreciated any advice from y'all.. !!! 

Thanks all for the input. I will keep the lease as is and inform the current tenant