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All Forum Posts by: Roger S.

Roger S. has started 35 posts and replied 387 times.

Facebook.  Check for rental groups in your area.  Facebook is all we ever use.

Post: File an insurance claim, or not?

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

@Pat Alford

I've decided to just bite the bullet.   Looks like a long term leak and I discovered the dryer was vented under the house.   Lots of rot.  Even the floor joist are rotten.   Got a guy coming next week to level the house and I'll replace the joists and subfloors and floors.

Starting late last month, we've had an eviction, another tenant I had to remove just short of eviction, and have discovered both of those houses need serious levelling and subfloor repairs.  Both homes will be empty for multiple months and total repairs will exceed 10k.  Ouch

Post: Update: My first eviction. Court today.

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

I posted a few weeks ago about our first eviction.  Today was court day.  Somewhat of a surprise, the tenant showed up.  The JP was very nice, he explained everything that was going on to both of us.   She tried to claim she was moving because of repairs not being done and she had text messages that she showed where I told her I'd get to it when I could.  But I had the whole text message list where she said she was moving out before notifying me of the said repairs.  

JP told her that by law she could not withhold rent.  She tried the tears on the JP, but he was unimpressed with the waterworks.  I showed multiple text message where I told her I was coming to do scheduled maintenance and asked if there were any other issues, and she said, no everything's fine.   She also sent a text once telling how great we had treated her.

I had all my documentation, the lease, the 3 day pay or quit, and everything else I might need.

The JP ruled that she owed Septembers rent, but because she had vacated on October 2nd, he gave her a break.   I asked him about her breaking the lease and he stuck with only Septembers rent.  The lease was up October 31st.

She can appeal, but would have to post a $1620 bond.   I got a judgement for one months rent, plus court costs, total of $936.

She was hateful as hell to us in court, but within an hour after, she texted my wife asking if she could use her deposit for the last months rent and she would pay the court costs.

I made my final itemized list of damages and she is in the red by $44 dollars on her deposit, so even if I agreed she still owes me more than the judgement.  

I haven't sent that to her, I can just visualize her head exploding when she sees it. 

Post: Bank accounts - per unit or per property?

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

Keep it simple. I have a checking account that I pay all of the bills for our 10 SFR's and a savings account for maintenance and capex. I charge everything I can on airline rewards cards and pay it off each month out of the proper account.

Post: So you Wanna be a Landlord?

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

`Great post.  I found myself going through your points and going, "yep, yep, yep, I need to work on this one, yep, yep." 

Post: Should I pay these PM fees?

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

He's ripping you off.

Post: File an insurance claim, or not?

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

Yeah, I've already had one water damage claim this year, from a washing machine that overflowed and ruined a whole houseful of brand new laminate.   Damned if you and damned if you don't.   Crap.

Post: File an insurance claim, or not?

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

@JD Martin

Yeah, but would you file the claim?

Post: File an insurance claim, or not?

Roger S.Posted
  • Investor
  • TX
  • Posts 393
  • Votes 290

I have a house I just evicted a renter from.  Found out that the floor in the house is buckling.  I crawled under the house and found standing water.   I turned all the faucets off and the meter still spins very slowly.

Looks like I'm going to be tearing up the floors and sublorrs in the kitchen and living room, and  replacing some plumbing.  This nothing I can't do myself, but isnt this why we pay for insurance?

I have 11 houses, all insured with the same company  I've had 3 claims in the past 2 years.  Am I running any risk of being dropped or my rate raised dramatically by filing a claim on this?