All Forum Posts by: Account Closed

Different strokes for different passive aggressive folks Christopher. I appreciate your concerns...I pray often but usually its for sick friends/family and not for being sued :) One mans perspective and I feel all my insurance policies provide adequate protection. Furthermore personally I do not want to deal with multiple LLC management, costs, due on sale clauses and title issues as you are still personally liable if notes are not under your LLC as well which have higher commercial rates. I've solely invested in TX for the last 12 years and closed my CA LLC and reformed in a business friendly state many years ago. I would never give CA any of my business or money as there are a lot more business friendly states to do business in. How would you advise the original poster?

Hello BP Experts!

I'm interested in a property in San Antonio TX.  The owner on county website shows FNMA INTERNATIONAL PLAZA II 14221 DALLAS PKWY STE 1000  DALLAS, TX 75254-2946 as the owner but its not listed on HomePath.com.  I've been watching HomePath for 5 months for it to be posted to no avail.

Does anyone know how I can purchase the property it its not on HomePath.com

Thanks!

Hey there!  

I have purchased (3) 4-plexes is a specific neighborhood in TX and looking to buy more but unfortunately there are none currently for sale.  I was out bid on the last 3 offers I made over the past 2 months. 

Had a few questions for yellow letter experts:

1. I was wondering if anyone thinks sending a yellow letter to the owners would work? I already have all their contact info.

2. If so, what should the letter say?

3. Any recommendation who to use for sending the letters?

Thanks!

Jason

Is it illegal to require California tenants to carry renters insurance?  I had a RE agent tell me it is illegal but I'm finding no law/evidence to support this.  I believe as long as the requirement is in the lease you are ok...

We have 32 units and do not put them in LLC's. We just purchase an additional 2MM umbrella policy on top of our insurance. That in addition to E&O insurance should be all you need. The hassle and expense to put each property in a LLC is not worth it to us however, you should put each apartment complex in a separate LLC. Also watch out for a due in sale clause if you transfer deeds to a LLC when having personal financing on a property.

@Brian H. my management company specializes in SFH's in the Austin area. Please reach out if we can help in any way!

Jason

Hi @Peggy Liu  are correct.  You can file a complaint with TREC if they breached the contract or broker duties.  TREC takes complaints very seriously.  Feel free to send me your agreement and I can review for you.  Unfortunately there are a lot of bad PM's which led me to start my own property management company!

Hi @Arjun K.  I learned the hard way you usually get what you pay for in  the property management business. Check out my property management company as well.  I own several rentals and know the investor side of business.  Wish you the best of luck.

Jason

@Steve Babiak Please PM me your email and I'll be more than happy to send it over sir...

@Carlo Santarelli I have a great qualification screening guideline template we use for my company. Feel free to PM me and I'll give you a copy.  This offer is open to anyone else on this thread as well.

Jason