All Forum Posts by: Mak K.

So I have a property rental where the neighbors dog keeps breaking the fences. It is an aggressive dog. The dog breaks the fence and we get a letter from HOA.

how should we handle this situation? As a landlord should I write a letter to the neighbor or HOA or call animal control!? Or should the tenant do it?

the tenant is a single mom working to meet the ends meet and nice lady. So trying to help the situation as landlord but I do not want to overstep and take this issue on my hands if there are any risk?

I am an agent. I love supra. Question- Do I need to have subscription $14/mo on supra to open the lock box. All I need is to open the doors. I never plan to use Supra boxes myself. So do I still need supra subscription?

Hi,

So I have 3 properties under 3 different LLC. I would like to get a loan or line of credit on the portfolio. The way I want is to get a Line of credit such that it is authorized, and I only pay interest when I withdraw from it. What is this type of loan called and who does it? I called Chase and other banks and they said we can give you 80% of the equity but you pay interest from day 1 if you use it or not?

I want something like an overdraft where I can use the loan cash for buying other properties. I am ok with little high interest rates. What is the exact term and what type of lender does such loans?

For HCHA Harris County Section 8, what is a good acceptable rent increase amount?

Hi,

I have a bad tenant who was behind the rental payment for paying her share of rent while on being on section 8 with Houston Housing Authority. Also the tenant is in violation of not paying full security deposit and not carrying renters insurance.

What are the laws on eviction process for Section8 tenant in Houston, Harris County. I am hearing it is 30 days notice or 3 day notice? Also the violation consist of renters insurance and security deposit along with partial unpaid rent. So technically can we accept monthly section 8 rent while processing the eviction? 

smartmove by transunion

Go over quality vs quantity. You will never regret. You may make less, but not loose the sleep

Hi ,

I have 4 properties. Each property is under one LLC (Sorry I have to keep it under each LLC). I am the owner/Landlord/Property Manager. As I grow my portfolios, its getting tedious on accounting since quickbooks requires each LLC as separate accounts and managing individual LLC bank accounts,. We do in-house accounting. I use Innango for rent management. On few occasions tenant deposit cash once in a while.

Question: Would it be easier to have one LLC as management company and collect all the rents? Has anybody done it? If you have one management company, at end of the year do you have to do monetary transactions on each individual LLCs etc? or can you just keep LLC as holding company with no Monetary transactions. I am sorry but I have tried 2-3 CPAs and they just cant tell me a straight forward answer without being diplomatic round answers

@Eric F. what was the outcome of your door hangers? What was the conclusion, lessons learnt? How many leads?

 @Lafi S. Do you tape the letter to the door? What message did you put on the letters?