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15 September 2024 | 11 replies
You do not need to have the property in your personal name, it can be owned by an LLC you're sole owner of without having to file a separate tax return.
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17 September 2024 | 19 replies
Myth: You never have to worry about getting your rent when you have section 8 tenants.Reality: rent payments can get suspended if the unit fails annual inspection, even if the items that caused it to fail are the tenants fault.Reality: the tenant portion of the rent is never guaranteed.Reality: if a tenant wants to leverage you for an upgrade, like a new stove or a new refrigerator, they can cause housing payments to get suspended by filing a complaint with their caseworker.
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14 September 2024 | 4 replies
In past judge always side with tenants on section8 no matter what.So plan is- non renewal notice 60 days- send eviction 30 days notice at same time so we can file eviction if she does not move out on 60th day- put renters insurance violation as reason rather than non payment of deposit as judges can always show sympathy for monetary issues?
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13 September 2024 | 7 replies
Depends how professional the current PMC will be about the transistion.First, have client get all leases.Then rent ledgers.Make sure you get a copy of their current management contract, so you understand the Termination requirements - you don't want to break any state agency laws and have the curent PMC file anything against you.Make sure the client follows the Termination requirements BEFORE you take over.Suggest the owner emails their Termination notice to current PMC and copies you on the email.
15 September 2024 | 33 replies
Reviewing the tax sale file show show if the lenders were served.
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13 September 2024 | 24 replies
The property management company has developed a plan to meet this requirement:a) cleaning all windows troughs and sills, scraping and painting of window troughs and sillsb) scraping and painting of all previously painted floor surface that is chipping or peelingc) scraping and painting of any exterior paint that is chipping or peeling including garage decks and house d) scraping and painting of all exterior door thresholds and jams Their estimated to complete this pre-inspection repair work is $500.The certification inspection is $350City filing fee $50Property management coordination fee $50I need to know if this certification is mandatory or not, maybe Cleveland realtor and property manager on Biggerpockets could answer me and clarify my doubts.Let me know pleaseThank you very much
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13 September 2024 | 2 replies
I found a NOTICE OF SELLER’S TERMINATION OF CONTRACT at https://www.trec.texas.gov/sites/default/files/pdf-forms/50-... but it looks like its between Seller and Buyer.
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12 September 2024 | 6 replies
The letters I send to the address on file with the county assessor is bad, no forwarding address.Now I am trying to skip trace.
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13 September 2024 | 11 replies
Or if we start taking direct bookings, we can get a deposit or have a card on file to cover damages that they cause.
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12 September 2024 | 54 replies
It has lis pendens, probates and all sorts of other legal information, filings etc.