Nick Hundertmark
Fleas in rental property!? Who is responsible
17 September 2018 | 2 replies
My lease says that the tenant is responsible for flea and pests control related costs that occur during her occupancy.
Jesse Holshouser
First Rental: Pay off in 5 or 30 year am?
18 September 2018 | 3 replies
Just make sure there's no pre-payment penalty and you get benefit of both worlds.
Casey Sung
Property Manager Reputations
17 September 2018 | 0 replies
Is this an issue related to the nature of the work they have to do?
Mary Mathers
Dishonest Disclosures in TX and Advice for a Greenhorn (me) Plz
18 September 2018 | 8 replies
In most states, including TX, the owner must disclose the inspection to future buyers, by law, so he/she loses and the future buyer gets the benefit of my hard earned money.
Dellener Crayton
First time reaching out to an agent
18 September 2018 | 4 replies
For example I know an agent that used to be a lender, so investors that don't have much lending knowledge could benefit from working with him.
Dave Carella
have you ever experience a bait and switch on a short sale?
28 October 2018 | 21 replies
The agent.A short sale is pretty much this in a nutshell1) Buyer is in trouble and sends hardship to bank2) Agent does analysis and comes up with price (Which is of course lower than what is owed to bank)3) Bank says, go ahead and put it on the market4) Somebody looks at house and puts in offer5) Seller accepts any offer that comes in because they want out (regardless of how much the bank loses)6) Bank takes weeks/months to pay for their own evaluation, look at how long on the market, run an internal appraisal, look and do a cost benefit analysis on the loan and property7) Bank accepts/counters or denys the offer (provided they decide to do anything at all and not just foreclose on the original borrower and take the house themselves)I have it happen monthly....
Jeremy Keefer
Forcloser purchase - Metro District collection fees
18 September 2018 | 0 replies
My question is am I on the hook for the attorney fees related to the collection efforts prior to my obtaining the property?
Amanda T.
Commercial tenant lease
18 September 2018 | 4 replies
If you have not been charging them for taxes and insurance all this time and you want to first start now, they will likely require a reduction in the base rent to account for the additional amounts paid to you for "CAM", so you should end up relatively even unless they are using a ton of utilities or taxes have gone up a ton, etc.You can have them direct deposit your rent, or set up an auto pay to your account.
Michael Guydish
What would you do with 200k in cash as a starter?
20 September 2018 | 8 replies
Keep in mind of all fees and holding cost related to the transaction.
Seann Brown
Cashing out 401k to buy rental property
19 September 2018 | 9 replies
The cash flow could potentially pay the entire amount of the loan each month, and you'd be getting the tenants to pay down mortgage, plus extra tax benefits.