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All Forum Posts by: Aaron Nelson

Aaron Nelson has started 10 posts and replied 62 times.

Post: Oil companies wanting leases in corporation's name

Aaron Nelson
Pro Member
Posted
  • Residential Real Estate Broker
  • San Angelo, TX
  • Posts 71
  • Votes 24

Hi everyone,

I've been reading on BP for a while now but I thought it was time to make my first post! Anyway, here goes:

We have had several oil companies approach us about renting out homes to them in the corporation's name. We have been turning them down because we are worried about the type of people they will be running through there without the usual checks. The lease states the occupants allowed to live in the property but I have no doubt they will end up violating that provision.

Does anyone have experience with these corporate type leases? What recourse do we have if they violate the lease? Can you evict a company?

Post: Looking forward to learning!

Aaron Nelson
Pro Member
Posted
  • Residential Real Estate Broker
  • San Angelo, TX
  • Posts 71
  • Votes 24

I have been a Realtor for about 3 years now and am finding investing in real estate to be an enjoyable learning experience. Looking forward to the advise you seasoned investors have to give and to giving back when I can!

The market down here in West Texas is turning into a bubble and I have a few owner finance deals lined up. I plan to hold them for around 8-10 years and sell before the local oil market weakens. In the area of the Cline Shale play. That money will then go to one or many more diversified markets. Any advise would be great!