All Forum Posts by: Vaibhav Bakre

I am evaluating a $300K house that is about 40 years old. The house is in good condition, AC and roof are 5 years old.

Generally I keep $2000/year towards maintenance when I buy houses that are 5-15 years old in this price range. What is the suggested maintenance for older houses? Any rule of thumb to use while analyzing?

So, a tenant caused extension damage to my property. I sued them in small claims court, and now the judge has issued a default judgement in my favor. Can someone tell me what the next steps are to get the money from the defendant?

My tenant did not provide a forwarding address when they moved out. They actually abandoned the property and caused lot of damages to the property. I want to file a small claims petition. I have tenant's name, DL, and phone number but I do not have a forwarding address.

Can someone tell me if I can still file a case in small claims even if I don't have prior tenant's forwarding address?

Thanks

V

In my state (texas) it was fairly simple. I have started 2 LLCs in the past and went to a lawyer. I thought i was paid him unnecessarily. The state gov website has very clear instructions so for the 2nd llc I went the DIY route. It took about 6-8 hrs of effort but it was very easy. No big stumbling block - again remember that this is for a simple llc.
For movi g the property in the name of LLC (warranty deed) i took the services of a lawyer though.