All Forum Posts by: Greg H.

Rent to own is legal in Texas.  However the requirements of the seller/owner are onerous and the penalties for non compliance can be severe.  Additionally, if the buyer fails to pay, the seller's remedy for non payment can be having to foreclose or a timeline equal to foreclosure so there is really no benefit.  Here are some of the guidelines

 https://texaslawhelp.org/article/executory-contracts-and-lea...

Those numbers which be much higher in most markets to include 100% of the first months rent as a leasing fee.  There is a lot of work as well as marketing costs involved in finding new tenants.  As far as the work you can do, if you decide to utilize a PM let them do the work from start to finish

Not sure where you got the information. All of your zip codes are not even close to being accurate

Insurance companies are just like investors.  When investors have a losing asset they sell and move on. No different for an insurance to leave an area where losses exceed premiums 

 If you submit a bid during the owner occupant period you will sign a document stating that you will occupy the property within 60 days for a period of one year. If the property does not sell during the owner occupant period it is available to investors with no occupancy restrictions 

We use Christian based medi-share.  We are healthy in our 50s(Me) and 40s(Wife) and selected the higher deductible.  The cost is just over $300 per month for us 

@Ronald Rohde

Seems like the consensus this for is pro PM. I will go the other way. I have 30+ rentals that I manage myself often times from 1000+ miles away or outside the country. However I am also a broker/flipper and have my own crew to use for renovations and major repairs.  The reason I would not use a PM are:

-No one will care about my property more than I will

- I have the knowledge to analyze repairs and what the cost should be. For instance, many here would say the cost To replace an a/c system would be $10-12k. The unit itself is under $4000. 
-I utilize Facebook, Zillow and Avail to rent my properties. I have not had a property vacant more than 30 Days in 30+ years 

My guess is I save $50,000 a year by spending a Couple of hours per week

I have found that Marketplace works the best in smaller communities. The boost cost is minimal and I have seen increased traffic when using the feature 

You can get your property on Realtor.com without using an agent by using Avail.