All Forum Posts by: Steven Fowler

Last month they asked me to get a company to come out and take care of weeds in the yard, since they were very bad. I don't think this is something a landlord should normally do, but I refunded $200 of their rent so they could hire somebody to do it. These guys are great but I don't want to be too nice either.

I have some very good, professional renters in my place. Have never paid late or had any issues. They have been there for 2 years. The wife called me yesterday and told me the a/c was not working. Company comes out to take a look and calls me and tells me the furnace filter hasn't been changed out in a long time, like years, and it froze up the whole unit. The lease specifically addresses maintenance like this. The bill was $180. Should I just suck it up, since they never give me any issues, ask them to pay the entire bill, or ignore the issue until they move out and address it with their deposit?

Thanks!

I am leaving my job soon and moving to the DFW area to open my own business. I am getting $100,000 as a severance payment for leaving. I want to invest this money in getting a personal residence and purchase 1-2 buy and hold rentals for the long-term. The problem I am facing is that with my loss of income, I don't think I will be able to get a personal residence, much less investment property. My mortgage guy tells me I have to rent for 2 years in order to qualify for a home loan even though I have plenty of money in the bank. Is this accurate? Are there any other options?

My background is a 10 year military officer, excellent credit, already own 2 other houses that provide/will provide positive cash flow and good equity.

Thanks, I appreciate the advice!