All Forum Posts by: Mark Martinez

No no. Way too nice to BRRRR! This was my primary residence for a while until I sold a couple years ago.

Well my wife and I would have had a renter's policy no matter what.  And James is correct...it's a wash with the auto/life policy.  In fact, we may have ended up with a net gain in the end with the multi-policy discounts.  Again, we have never been asked to show proof, but I can see how renter's who have no intention of following the rules would be reluctant to providing proof.  

I am currently renting an SFH in Frisco, TX, and as Neil stated (with the exception of any HOA dues, property taxes, and insurance) the tenant pays for all utilities and lawn maintenance. I am also required to have a renter's policy although PM has never requested a copy. This is very common in the DFW metroplex and I would assume throughout Texas [although I try not to make a habit of assuming].

Renter's are also typically required to change out air filters every 3 months and normal things like light bulbs.  

Of course, renters are "technically" paying for property taxes, HOA and insurance as a smart investor would ensure this was covered in the rent amount. The renter is just not physically responsible for making those payments.  

In Texas, particularly if it's SFR, all expenses are passed on to the renter. It's much easier to manage this way.

This is my first deal post so just learning how this works.  If you go to my profile page you can see additional photos.  Thanks for feedback. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $80,000
Sale price: $142,000

I designed and did most of the work myself with the exception of tile installation. Let me know what you think!

Condo Updates
-Replaced carpet with laminate
-Replaced baseboard trim throughout
-New paint walls, trim and cabinets
-Full kitchen update including new appliances, concrete countertops, new tile flooring & backsplash
-Master bathroom update including tile, cabinets, fixtures
-New stacked stone fireplace facade

Try Williams Insulation.  They've helped me on a project and had great execution.  My main point of contact is no longer there however you can contact Cameron Haley.