All Forum Posts by: Vicki X.

Hello, I’m exploring seller financing or rent-to-own for a Cypress (Houston area) property with my tenants, who currently do not have outstanding credit scores yet, and need the following legal advice:

1. Comparing different options and choose the best path

2. Preparing the purchase agreement for the direct transaction.

Appreciate your recommendation!

Vicki

V.G Jason, Cypress is part of Harris County, and yes I heard about the exodus. I'll contact the carriers you suggested and ask them about dwelling fire. Thank you for the insights!

 Hi Ivan, would love to get your agent's contact info. I'll DM you. Thank you!

Hello! I received several renewal/non-renewal notices on rental properties in Cypress in the last few weeks. The cost of renewals increased by 70-80%, which was insane. I've been shopping around with no luck. Tried to go with Fire and Personal Liability (removing Wind and Hail) to reduce cost but haven't found any offerings.

I wonder if other landlords/investors have some good strategies to tackle this challenging environment. I'm thinking about getting personal liability coverage from my primary home insurer but am yet to find out if it works as I don't live in Texas. Would greatly appreciate some advice, ideas or recommendations for agents!!

@Mark J. It's been 8 years since you original post but I wanted to check if you could shine some light on the real estate attorney's role, and your experience working with them throughout the FSBO processes. Did they offer valuable advice and many comments about the standard contracts? Were they essential in the process? Were their fees consistent with the retainer+hourly structure you described above? I'm asking as we'll do a FSBO transaction soon. Appreciate it!

 @Walter Key Would you please share the meetup info with me? I will message you. Thanks!

Thanks for sharing. I read perviously that there's high rental permitting hurdles and operational burdens in Alachua county. @Alan Hon Did you have problems with that? 

 @Glenn Hoffman an update on TenantTurner after I used it for my last listing. They posted on zillow successfully and quickly, but the lead flow wasn't as good compared to listing via zillow directly.  The fact that it showed as "listed by an agent" instead of "listed by the owner" might be part of the reason. The other reason could be due to the friction from their pre-screening.  Eventually, I chose to pause it and list on zillow directly. Hope it helps!

 @Jason Heirtzler I hope this article will be helpful for you. Zelle/venmo certainly has their challenges in rent payments. 

Rent collection options for you to consider: Azibo, Avail, Innago, Apartments.com, Hemlane, Turbotenant, Rentredi, Tenant Cloud, eRentpayment, Zillow

Hope it helps!

@Antonio Chelala  I found asking for demos and talking to the sales from those companies directly to be effective.  Which feature are you looking for specifically? I wasn't aware of the partnership between those two companies.