Daniel Mendez
Diving into my 1st rental (DFW)- Input your Advice & Guidance
My wife and I are going to turn our primary residence into a rental. We are planning to manage it ourselves.We would live close by.I am currently reading and watching everything I can about landlording. Any advice or ...
Michael Birklett
Texas Series LLC Formation | Notice of Series Limitations
Hey Guys,
I'm finally starting my journey into realty investment and decided that one of my first orders of business was to establish a Texas Series LLC. (FYI - The $300 Texas LLC formation fee is waived for veteran...
Joshua Zapin
Property Management Indemnification Standards
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/...
Deepak Tripathy
First time home owner program change of address for spouse
Hi All,
I recently bought a home in Vallejo, CA and landed a peculiar issue. Here are the fasts:
1. Mortgage loan is in my name only and I bought with the first time home owner program. I am married and the title wi...
Paul Boudreaux
Sub 2 Docs for that go to Lender
So, I have multiple Sub2 Properties, but I have noticed that later down the road the Seller (Mortgage Holder) wants to obtain a new loan to purchase another property and needs a letter or document showing that we are ...
Kathleen Hendricks
On-Site Manager Agreement and Compensation
Curious about how others structure an on-site manager's employment agreement (e.g. housing allowance, hourly or salary, tasks required,etc). This is for California specifically. Would also love a referral for an atto...
Annette Radvansky
Texas: Am I under obligation to replace the deck immediately?
Tenant has been in property over 3 years and last week told me deck needed repair. Someone came out yesterday, the deck needs to be totally replaced. I had it completely dismantled and hauled away this morning because...
Alex L.
Property Manager Doesn't Provide 1099 to Owners
My property management company (in a very small town) has informed me they do not provide 1099's to owners for tax filing purposes. They do however provide a cash flow report.Are they required to issue me a 1099?If n...
Bob Seiberling
Pre-Existing Management Contract
I'm purchasing a property in Starkville, MS, so that my child who's attending MSU will have a home to live in and I can rent out the other rooms to have an income generating property. I've got a contract on a 4 bedroo...
Akhilesh Rao
Handicap Ramp in a rental duplex
I have a section 8 tenant who has requested a handicap ramp and other adjustment which is going to cost approximately $10,000 according to the property management. The tenant is currently on a month to month and has r...