All Forum Posts by: Rohit Dhing

Hello, fellow RE family.

I just completed my first flip in Sachse, TX (a suburb of Dallas) and only have a few final touches remaining, with the decision on SOD being a high priority. Just like any flip story, my first flip expenses almost doubled (different story for another day 😊), so we are being cautious with any additional expenses. I'm attaching pictures of the front and back lawn (it's pretty much all mud). We have decided to go with the renting route, but we feel the mud needs to be replaced with something more appealing. Renters or home buyers aren't going to like seeing mud for their new home.

The amount of sod needed is approximately 10-11 pallets for the front and back, which will cost close to $4K-$5K, and that's steep. I am looking for ideas from experienced BRRRR folks on how they would handle such a situation with a tight budget, especially with fall approaching and SOD going dormant. Here are some ideas/thoughts:

- Leave it as is (I don't think any potential renters/home buyers would like to see mud).

- Put down SOD in the front only and do the back later. This will save a little until rental income gives us additional funds to use for the back. Or even leave the back just mud (not sure). Another challenge is the large trees in the front. I know there is palisade grass for shade, but these are more expensive.

- One idea suggested is to put pebbles or small landscape stones. I am not a fan as it would not give a homey feel or look.

Anyway, I would love to hear cost-effective ideas for either the long term, short term, or both.

Thanks for your time.

Hello, I have been approached by a realtor about investing in Alton, TX. I have properties in Mcallen and they have done ok. I have no clue about Alton, TX. This is a new construction 4plex with rent possibilities of 1400-1600/unit and an asking price of $500K-$540k. I did talk to a few ppl and the feedback I got is crimes are high, and a lot of illegal and gang-related activities. I am not trying to bad mouth the place or jump to conclusions. I am sharing the feedback I received from a local person who lives there. Any input would be appreciated. Any input would be appreciated.

REgards

RD

Hello, I have been approached by a realtor about investing in Alton, TX. I have properties in Mcallen and they have done ok. I have no clue about Alton, TX. This is a new construction 4plex with rent possibilities of 1400-1600/unit and an asking price of $500K-$540k. I did talk to a few ppl and the feedback I got is crimes are high, and a lot of illegal and gang-related activities. I am not trying to bad mouth the place or jump to conclusions. I am sharing the feedback I received from a local person who lives there. Any input would be appreciated. Any input would be appreciated. 

REgards

RD

Hello, need to replace my current stackable washer/dryer in my rental and looking for places in mcallen where i can find reasonably priced and hopefully good quality. I live in Dallas which is why i am asking this question on BP. I did check on the usual sites, homedepot, lowes, bestbuy but not finding anything reasonably prices. 

Any help would be appreciated.

RD

Hello, have a basic question. My rental property is under LLC and is under contract. Can the sales proceed be deposited into my personal account vs LLC checking account? The rational is use the proceed to purchase another property under my name (as mortgages are easier to secure with favorable rates) and then transfer new purchased rental to new series LLC name.

The LLC is a series LLC with myself and my wife as members in state of TX.

I just want to ensure this is legal and don't want to miss out on any tax benefits by depositing into my personal account? Title company can make the change to transfer my rental under contract from LLC to my name they just need to know what i decision is.

Thanks,

RD

My tenant has vacated (she had till end of May to complete her 12 months lease) the property without notification (no final walk thru) and no forwarding address. After much effort and digging my txt reached out to her daughter (as mom (tenant) wouldn't pick up my call) who said they left the key under doormat, electricity and water disconnected as of May 1st. This is unacceptable considering the fact she owes me rents for 1.5 (Covid being an excuse) , late fee balance, and the place is deplorable state. 

My current focus is getting place back to rent ready and just based on quote the security deposit will not be able to cover the amount of damage she left behind. 

My plan is to take her to court to teach such tenants a lesson. As LL i try to help my tenants during their tough times (not only during covid but with issues with kids, health, etc) but when I get this in return is a hard blow to the gut. I won't get the money for sure but need they need to understand not to repeat with other LL.

I need help with below questions

- How can I find her latest address? I have her DL, SS# (hopefully she gave me the right one :-))

- Apart from keeping pictures, notes of damages , and a bill from handyman, sms exchanges, late fee records, anything else I need to do to strengthen my case infront of Justice of Peace court. The property is located in Collin county, Texas. 

- If there is anything else i should do please add.

Regards

RD

@Cameron Parr sent you a private IM with all the info and numbers.

@Adolfo Landa  sent you an private IM

I recently purchased a rental in mcallen, its been well over 40 days and units are still on the market. It is being managed by a PM and feel they are doing everything. Nonetheless there is always a time for new blood and skin to the game, so looking for contacts of Good/awesome/great PM in mcallen who are creative and well connected in the Mcallen area.

My Tenant at my Dallas rental (Collin county to be more specific) abandoned the property and its been over a month since he left. I have finished all the formalities (notice to quit, etc) and the unit is back on market for rent. My question is pursuing him for damages which are over the the security deposit amount plus the unpaid rents. I understand the small claims court route which is a tedious process and plus a gamble specially since i have to pay out of my pocket to initiate the process and there is no guaranty he will pay even if i win. Instead i would like to pursue the rent recovery route and i have used one such company (Rent Recovery Solutions) but just wondering if there are any other companies people have had better results. My understanding with Rent Recovery companies is that they put such behavior on the tenant's credit history. 

Also, any other advise on other strategies and options to hammer such tenants. Also, wondering if this is a case of eviction which i can put on his credit report? 

Any help would be appreciated. 

RD