All Forum Posts by: Joel S.

Thanks!

Thank you!

Hi BP Community-

I have a rental property in Houston, Texas and I have a question about terminating a lease early in order to sell. When terminating a lease early to sell a house, is an early termination clause required in the lease agreement? What is the worst that could happen if it's not? The tenants lease is up in a few months, but I'd like to sell before that if possible. The property manager is moving, so not looking to go through that process again. I would give 30 days or whatever the requirement and probably pay him as well for the inconvenience.

In addition - I don't really want to sell to another landlord because the return most likely won't be as high.

Any advice is much appreciated! 

Best,

Joel

Hi BP Community-

I have a rental property in Houston, Texas and I have a question about terminating a lease early in order to sell. When terminating a lease early to sell a house, is an early termination clause required in the lease agreement? What is the worst that could happen if it's not? The tenants lease is up in a few months, but I'd like to sell before that if possible. The property manager is moving, so not looking to go through that process again. I would give 30 days or whatever the requirement and probably pay him as well for the inconvenience.

In addition - I don't really want to sell to another landlord because the return most likely won't be as high.

Any advice is much appreciated! 

Best,

Joel

Thanks everyone!

Hi guys -

I just replaced all the piping in my rental property and now I am pricing the drywall repairs. There is a $600 cost savings if I don't paint the garage (includes ceiling), so I am considering not having that done. What is everyone's thought about the cost/benefit of a garage paint job? I currently have a tenant who has been in the house for 3 years, and I don't think he wants to move anytime soon. Thanks for your help.

Joel

Thanks guys. Will give spearhead a call later today.

I own a rental property in Houston and my insurance provider raised my rates again. Can anyone recommend a cost efficient insurance provider in Houston?

Hi BiggerPockets community,

I have a huge issue I am currently dealing with.  My dad who lives in Houston and been the property manager for a property there because I live in New York.  He went to the hospital for a stroke and has lost all the paperwork for a tenant who is currently 2 months behind on rent.  I sent the notice for eviction and then after another family member went up to the courthouse, the court said that we have to get verification from the DMDC for eviction.  After going to their site I find out I need the social security number and date of birth of the tenants in the house.  All I have is their name because my dad can't find anything.  Does anyone know a way around this especially considering the circumstances?

I just bought my first rental property this year and now it's tax time. Can anyone recommend a program like turbo tax that is free or something inexpensive?