All Forum Posts by: Suneel P.

 Thanks for the reply.  How do I know how many months it takes to pay off rest of the amount after paying off part of the loan . Monthly statements have Principal and Interest amounts for that particular month, not for future months. The principal part of mortgage varies for each month. I want to know that.

I have a mortgage of 30 years that was taken an year ago and paid 5% down initially. I want to pay down additional amount to remove PMI. What does that do for me? Does it reduce monthly payments or keep the monthly payments same and pay off the amount quicker? And how to find out how much my new payments are going to be? Mortgage servicing company is not helpful to find this info.

Contract says 60 day notice is required for termination of lease. And it says 1 month rent can be deducted if the tenant doesn’t give notice. Since they just signed the contract, can I hold security deposit(they gave only 50% of deposit, rest is due upon move in as per our agreement-since they had some issues) given to me?

Renter signed the lease and paid security deposit. They don't want to move in. He told me 2 weeks after signing the contract. I lost quite a few potential renters who expressed interest in the property. Can I charge him holding fee or something?  If yes, how much is ideal?

I have a negative cash flow property in Austin. What are the ways to protect investment home during Layoffs and Recession?

How does Landlords navigate without renters during a recession? Thanks!

Can I buy a house saying that future rent on the property is the income for the mortgage?

I bought a house and filed Homestead. Later I moved to a different house and filed homestead for it. In the application I mentioned that my old house was still under homestead. But I still see that both of my houses are under homestead. When is the homestead exemption taken away from the house?

I bought it for 411K in July 2020 and now the property market value per county is 600K. In 2021 house appraisal is increased by 13% as I didn't apply for Homestead same year.

I missed filing homestead exemption in year 2020 due to lack of knowledge(I was thinking I couldn’t file exemption in the same year of purchase)

Due to that my property value increased a lot in this year. I applied for protest. What kind of evidence should I submit to support my claim? Roof is also replaced recently and windows are also in very bad shape. Would that help?