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All Forum Posts by: Stan Tallman

Stan Tallman has started 6 posts and replied 18 times.

Post: way to 'rectify' comingling business funds

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

So I was buying repair items for my rental at Home Depot and I forgot and used my personal debit card...is there a simple way of expensing the items and paying for them out of the business account AFTER the fact?  There's got to be a way! Thanks in advance. (yes, I will check with my tax professional also)

Post: background checks-rent redi vs direct thru zillow

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

I'm trying to streamline the app process for my tenants (and me).  Thanks!

Post: background checks-rent redi vs direct thru zillow

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

I've been marketing my rental thru rent redi-they charge a $49.99 fee per application.  It looks like Zillow charges a one time $35 fee for RENTERS to apply to ANY zillow rental.  Anyone have thoughts on how to get not just interest, but actual APPLICATIONS? i have a ton of inquiries, but only one application thru rent redi.  I think its because no one wants to pay $50 PER unit to apply for a rent house.

Post: Texas lease contract additions?

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

I like that arrangement...builds longevity between you and your client.-I'll ask my realtor...he indicated that he wanted me to use his marketing and or prop management services (1xmo rent).  I'm sure he's good-been working with him for a while...but I want to handle all leasing/mgmt transactions.

Post: Texas lease contract additions?

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19
Quote from @Gregory Schwartz:

Get a Realtor friend. Pay them $50 to help you out. No you have access one of the most robust leases in Texas. Im a big fan of the Realtor lease, it has come in handy in more than one tenant dispute. 


 Unless the REALTOR is listing and managing your rental, the use of the TAR is still verboten correct? I'd do it in a heartbeat for $50.

Post: Seller threatening to break contract to put back on market (for more $)

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

Follow up on the final outcome-

Seller doubtfully would have breached the contract in the end...he is a contractor/investor and just plays hard.  Transaction went smoothly-Seller agreed to repair AC and give a warranty, and seller's agent gave a concession for the cleanout and I bought it.  Now on to leasing! Thanks all!

Post: Texas lease contract additions?

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

Hi-

Anyone willing to share their actual modified lease contract? looks like most people use the TAR boilerplate contract.  Can I simply redact all references to TAR but use the same verbage if i'm not a realtor? Also, what do you add or emphasize with your renters?  Thanks in advance!

Post: Seller threatening to break contract to put back on market (for more $)

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

good point. His realtor (brother, family member?) should have just denied the request. no further comments to us (buyer/agent). 

Post: Seller threatening to break contract to put back on market (for more $)

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19
Quote from @Bill B.:

It sounds like you told the buyer you don’t want the property at its current price with these two problems. So you just go ahead and cancel your offer and you’ll get your money back. 

If instead you meant you did want the property even with these problems but just wanted to try and nickel and dime the seller on an already good deal then you know better for next time. 

Honestly I can’t believe your realtor let you counter/haggle over a few hundred dollars. Anyway, just tell the seller you’re sorry and rush to the closing table. Make sure you hit every deadline with any paperwork and/or responses. Heck, I’d even ask the title company about being able to close your part of the sale a day or two early in case a problem comes up. Good luck and lesson learned. 


 Who ever said it was a couple hundred dollars? What lesson learned? 

Post: Seller threatening to break contract to put back on market (for more $)

Stan Tallman
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 19

He's contractually obligated to sell-my point is if he tries to break the contract, what then? (assuming I still want to buy as is)