Garrett Brunell
Pregnant Applicant - Does she meet the income requirement?
A recent pregnant women applied to rent a townhome of mine for a year lease. She meets the income requirement of 3x the monthly rent, however when she goes on maternity leave, I am not sure that she will. Can I legall...
Arthur McCormack
Newbie landlord mistakes... is it too late to backtrack?
My first tenant ever moved in November, 2020. I set up the lease electronically and rent on autopay.
Error#1: on the first draft for rent and deposit it didn’t go through, came back as NSF three times. Finally the te...
Thad Miller
tenants paying late
One of my units has a young couple that have been paying late for the last several months. They always pay, but about a week after the final due date. I have never charged a fee, but I threaten that one day I will. ...
Justin Seng
Take money off of rent due to clogged drain?
My tenant has been in rental for 2 weeks. She let me know that the washer standpipe was overflowing some when she did wash. I draino’d the drain and ran the washer. Didn’t get any leakage. The next day she let me know...
Saran Mandhadapu
Sell Secondary home to LLC to avoid 5 years Capital Gains Tax
Hello,By end of 2018, I would have owned my Second home for 5 years and have stayed in it for 2 years as Primary Residence out of the last 5 years. I am looking to convert that into full time rental property and also ...
David Ivy
Texas Supreme Court Sides with STR Owners
It may only be a matter of time before strict short-term rental regulations in Texas cities, such as Austin, are a thing of the past (or at least significantly limited). In fact, a Texas Supreme Court ruling on May 25...
Dustin Cornell
Advice for a newbie wholesale investor!
Hello Everyone! My Name is Dustin. I’ve been a member on this site for awhile now. I’ve spent a couple years learning and saving and finally made my presence in the real estate world last year when I bought my first r...
Willis Seng
Tax question for flipping houses
If I were to flip a house and sell it within 6 months after purchase, would I qualify for 1031 tax exchange? or would there be a time period I should hold the property until i can qualify? Should I flip then put it u...
Onikepo Omotade
Can anyone explain the probate process in Texas?
Would like to understand the process of handling property from the moment the owner passes away. Can anyone explain this specifically for the state of Texas? e.g., what court is the property reported to? How do probat...
Account Closed
Is “and or assigns” necessary?
Hi all. If I don’t write in my real estate sales contract, “and or assigns,” is it still possible for me to assign it (if need be and the seller agrees)? My contract says I can assign if the seller gives express writt...