Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Nancy Wang

Nancy Wang has started 10 posts and replied 26 times.

I talked to the previous tenant. The incident happened in January. The lady slipped on the detergent on the laundry room floor. The tenant's insurance has assisted the lady. I don't understand what my fault is here. The lady is very persistent to text me a few times every day. I don't know if I am obliged to provide my insurance to her, or wait for a formal request like a lawyer's letter. Shall I contact my insurance now?

Tenant has moved out 30 days ago. Today received a text message from a lady saying she had a fall in my property when it was rented to that tenant. Tenant's insurance has assisted her. Now she is still not well and need medical care. She wanted me to provide her my insurance info so she can make a claim. 

What should I do? Shall I give her my insurance info, and contact my insurance provider? or ignore this text message waiting for further formal request? 

Tenant has moved out for 30 days. I was never aware of this fall. My house is in a good neighborhood and in good condition built in 2005. 

Thank you for your insights/expertise/suggestions!

I have a single family house in Alabama. I am out of state and manage it myself. Lease ends in 7/15/2018. Tenant started to pay rent late back in November of last year. I have been working with the wife on allowing her to be late with a minimal late fee. I treat her with understanding and respect.

In April, after many excuses like grandpa passed away etc, she finally said she could not afford the rent anymore because her husband had lost his job for a while. I told her she can leave and try to pay the back rent when she is able to. By the day she moved out in early May the back rent is $4900. Of course after she moved out, I was not able to get hold on her anymore by email or phone.

I inspected the property. I can tell she tried to clean the house but a lot of junk left in the yard. She insisted she had made arrangement for somebody come to pick up but nobody showed up. After a week, HOA picked it up and charged me $375. She also had painted the house with unfinished job – a few rooms only painted partially with a drastically different color. Her dog has been lived in the garage it smells so bad. The garage ceiling has a huge hole looks like somebody has fell thru it. The yard is a messy I spent $600 to get it cleaned.

I had the house remodeled and sold it in July.

I was ready to let her go feeling sympathy of her husband’s job loss. But one neighbor told me that the tenant actually bought a house nearby. I tracked down her new address and confirmed by county record that they did purchase a new construction home which worth 2 times of my rental property. They actually have the money but chose not to pay the rent and take advantage of my sympathy.

Their back rent by the day they move out is $4900. By the end of lease (2 months more) is $4900+$3000. They have $1450 security deposit. Even I don’t charge them anything on the house damage (I remodeled the house for $10,000 I know I should not charge them for that), they owe me around $6500.

I have sent them a bill in certified mail requesting an immediate payment but no response. It has been 3 weeks.

What should I do next? It is in Alabama. I am out of state. I am determined to hold them responsible. If they cannot afford to pay, that will be different. But for people who can buy an expensive new house, it is unforgivable to not pay their bill. Please let me know what you think. Sue them in small claim court? I am out of state so I would need hire a local attorney.

Thanks for any thoughts/suggestions.

I have a 5b4b SFH for rent for $2500. There is a family would like to move in. There are parents/sisters/friend/grand children, total 6 adults 4 children.

Any laws prohibited a 4 families (some of them related) occupied in a SFH in Texas?

Due to the increased wear and tear from more occupants, is it reasonable to ask for more rent, such as 2800 or 3000?

Thanks.

Post: Rent to drug rehab program???

Nancy WangPosted
  • Dallas, TX
  • Posts 27
  • Votes 1

Hi I have a single family house on the market for rent. A drug/alcohol rehab program would like to rent the house. They will basically put 2 adults into each bedroom. A staff will be reside in this house to manage the program day to day too. I was told the on average people will stay in the program for 30 days. Rent will be paid by the program.

No experience before. Anybody would like to share your insights on this? I am thinking this is more like a Section 8 program the rent is guaranteed, but not sure what risk it brings to the landlord. The house is in a very good neighborhood with HOA. I can check with the HOA on Monday but normally HOA will allow this or not? Thanks for help. This is such an unusual situation.

Hi I would like inputs on how you guys would handle this situations.

My rental in Fort Worth has 5 bed 3 bath. It was rented out to a family of four 27 months ago. The lease was originally for 24 months then extended for another 8 months to end in summer. Today is the first day I inspect the house in 27 months.

The house is in super dirty condition - trashes everywhere, toilets and sinks are so filthy, AC vents are covered by black stuff and filter is black too. There are more than a dozen full trash bags accumulated in the back yard. Never saw any place like this dirty. 

Besides that, at least 3 more adults are living there - the husband's 2 adult brother and mother. All the 5 bedrooms are lived in and the game room also has 2 beds. 

Nothing is broken in the house obviously - no leaking or sewage blocked surprisingly. But the carpet and walls are super dirty now. When they move out, I don't think the carpet is salvageable and the house needs to be repaint. 

I would like to know you guys opinions:

 - it is renter's choice of their life style so I have no place to say anything about their living conditions, even they are abusing my property?

 - 3 adults living in the property who are not on the lease. What should I do - ask them to leave, or charge extra monthly? 

They have been paying rent OK. Always late, but always communicate and pay late fees. The rent is on market price. 

Your inputs are greatly appreciated. I could just let them stay this way, but I am afraid once they move out, their 1 month rent worth of deposit will not cover the cost to get the house back to rent-able condition.

Post: Real Estate Professionals definition by IRS

Nancy WangPosted
  • Dallas, TX
  • Posts 27
  • Votes 1

ah ha, so hours as RE agent don't count either? Hmm, RE agent actually works FOR SELF, right? Thanks Natalie. 

Post: Real Estate Professionals definition by IRS

Nancy WangPosted
  • Dallas, TX
  • Posts 27
  • Votes 1

Thank you Michael, Steven, Jack, I understand now. I have 750+ hours but not 2000+ hours, so I will not be able to claim as RE Professional on tax return. Thanks again. 

Post: Real Estate Professionals definition by IRS

Nancy WangPosted
  • Dallas, TX
  • Posts 27
  • Votes 1

Any tax guru here can help me confirm this: even I spend more than 750 hours/year on real estate activities (managing my own rentals and being a RE agent), because I have another full time job (computer engineer) so my RE related hours is not more than the other job's 2000 hours a year, I still cannot claim myself as "Real Estate Professional" when file tax return? 

Post: Investing in Texas for rental purpose

Nancy WangPosted
  • Dallas, TX
  • Posts 27
  • Votes 1

what are you guys talking about? there are still plenty of properties available on the market, just off MLS, in DFW area, to easily get positive cash flow.