All Forum Posts by: Vishal Bansal

Thanks for your responses. The neighborhood is not that great but the property itself is in descent condition. And from your responses it sounds like market is doing okay as well, so it must be how the applicants are being handled or showings are conducted.

I've a duplex which is newly painted and repaired two months ago but it is still empty. The unit size is 4 bed and 2 baths, I've reduced the rental price from $1700 to $1500 in last 2 months. Apparently, there is lot of interest but the applicants either have very bad credit history or don't make sufficient money to pay the rent. I wonder if the DFW rental market is slowing down and there other landlords facing this kind of issue or its more of a property manager issue.

Hey Kevin,

Thanks for responding to my question. This person has signed the rental agreement. As per the agreement, he should not be getting his deposit back. But I can return him the deposit because he never stayed in the property. I see your point on his renter insurance, but that's probably have not started because he visited the property before his starting date. Can he file claim to his existing rental policy where he is currently staying.

Thanks Again.

I've a property managed by a property manager which was due on cleaning and it was posted on the listing that property needs to be cleaned up. A person paid up the deposit and one month rent and when he went to look at the property, he probably didn't like it (even though it was newly painted), as it was not cleaned. Now, the person is saying that when he visited the property and opened the door of the oven, a bug flew out and he got hurt in the process to avoid the bug. He said the property is hazardous to stay, even though that's not the case. He is asking for insurance information to make a claim and also to return back the deposit and rent.
I want to know what is the risk involved here, if he can sue based on this incident and if I choose to return his deposit and rent, can I create a formal document to make sure he doesn't sue or ask for insurance information again.