All Forum Posts by: John T.

You failed to perform proper due diligence before closing on the rent house.

Correct the problem now.  Hire an attorney and have the tenants evicted.

I require my tenants to buy and maintain Renters Insurance with $300,000 in liability coverage.  Just think about the worst damage a tenant can cause, such being liable for setting your rental house on fire or burning down your rental house and the neighbor's house, etc.

Billion Dollar U.S. Housing Rental Industry Under Attack

If you are investing with Matt Motil, the Cash Flow King, who has a biggerpockets.com account, your may wish to read the following lawsuit:

https://www.sec.gov/files/litigation/complaints/2023/comp-pr...

Melody Wright is a strategist, writer regarding housing, mortgage finance, commercial real estate and macroeconomics.

m3melody.substack.com
X.com = @m3_melody

Melody Wright says the Housing Market is set for a Category 5 Storm. Great video.

Housing Market Set For A "Cat 5" Storm, Worse Than The Great Financial Crisis | Melody Wright

The Book on Managing Rental Properties

@Brenda Soto You might find the answer in the Texas Evictions Deskbook

@Herman Fox Option 2 (or some variant of Option 2) looks good to me.  

@Alex Place Wow! I love your philosophy and business plan. Yes, if you vet your residents properly, you are really not taking on any risk.  So why require a security deposit at all. Also, why don't we stop charging late fees? Why don't we ask our residents to pay their rent at the end of each month of residency. I call on all BiggerPockets members to adopt your business plan. Let's do the right thing!