All Forum Posts by: Angela W.
Angela W. has started 15 posts and replied 58 times.
Post: Probably not the best way to deal with tenants
- Attorney
- Houston, TX
- Posts 60
- Votes 93
Thanks for sharing this. That's something else.
Post: hi friends i want to share something with you
- Attorney
- Houston, TX
- Posts 60
- Votes 93
I would have fired your property manager. They should have served the tenant eviction notices and start the eviction process. LA area is hot and you can probably get a new tenant in right away. I hired a bad property management company who did not fill up a few of my units. I switched and now my properties never vacant and tenants pay on time or get kicked out. Good luck!
- Angela Walter, Texas Attorney
Post: What Makes a Good Private/Hard Money Lender
- Attorney
- Houston, TX
- Posts 60
- Votes 93
Good rate, down payment that you're, are comfortable with, and programs that can help with your transaction. Aside from the product, look for someone that's responsive, knowledgeable, and is a problem solver. I'm always in search of a great lender. Right now, I have 2 go-to lenders that I use. Even then, I still shop to compare products.
Angela Walter, Texas Attorney
You should definitely shop around. It took me a while to find the best loan. Not only are you looking for the rates, and benefits, but you want someone knowledgeable and calculate the principal, rate, and any of the benefits suits your needs. For instance, does the lender provide buy-down rates, second loan program (if you need it) or a lower down payment, etc.
Good luck
- Angela Walter, Texas Attorney
Post: How to Evict on foreclosures
- Attorney
- Houston, TX
- Posts 60
- Votes 93
Another suggestion is cash for keys. Pay the tenant to get out so you don't have to deal with the eviction process.
Post: How to Evict on foreclosures
- Attorney
- Houston, TX
- Posts 60
- Votes 93
Quote from @Angela W.:
Quote from @Mauricio Perez:
I have a property that I already repossessed through a foreclosure, but the previous owner does not want to move. I have repossessed the property five months ago and he does not want to move out. Any advice on how to evict him? or any legal recommendations in Texas.
Texas Attorney here. The eviction process is essentially the same whether you purchase the property at a foreclosure or landlord tenant eviction. Below is a quick summary of the process:
1. Post 3 day notice to vacate. I recommend sending it via certified mail, inside the property at the front door, first class mail, and hand deliver (if possible). This is overkill but tenants generally argue that they never received notice.
2. After 3 days, file an eviction petition in JP court (small claims court) against the tenant and all occupants. Attached proof of ownership aka the Title of Deed and Notice to Vacate.
3. Serve the Tenant.
4. The court should provide you a trial date for you to argue.
5. Rule of thumb. Never piss off the judge. Be respectful, dress business like and turn off your phone.
6. Once/if you win, after 5 days (the tenant has the right to appeal) file a writ of possession.
7. You will need to get the constable to serve the writ of possession. Constable will remove the tenant.
8. You may need a moving truck and movers if the tenant's stuff is still in the property because you'll need to remove those things.
Good luck
- Angela Walter, Texas Attorney
Post: How to Evict on foreclosures
- Attorney
- Houston, TX
- Posts 60
- Votes 93
Quote from @Mauricio Perez:
I have a property that I already repossessed through a foreclosure, but the previous owner does not want to move. I have repossessed the property five months ago and he does not want to move out. Any advice on how to evict him? or any legal recommendations in Texas.
Texas Attorney here. The eviction process is essentially the same whether you purchase the property at a foreclosure or landlord tenant eviction. Below is a quick summary of the process:
1. Post 3 day notice to vacate. I recommend sending it via certified mail, inside the property at the front door, first class mail, and hand deliver (if possible). This is overkill but tenants generally argue that they never received notice.
2. After 3 days, file an eviction petition in JP court (small claims court). Attached proof of ownership aka the Title of Deed and Notice to Vacate.
3. Serve the Tenant.
4. The court should provide you a trial date for you to argue.
5. Rule of thumb. Never piss off the judge. Be respectful, dress business like and turn off your phone.
Good luck
- Angela Walter, Texas Attorney
Post: Cost Segregation Study
- Attorney
- Houston, TX
- Posts 60
- Votes 93
Quote from @Jimmy Lim:
Hello BiggerPockets family,
I'm new here to the community. I've been learning a lot about bonus depreciation and cost segregation study. Can you recommend a firm in SF bay area that does this.
Thanks a bunch!
-Jimmy
Congrats!!! On BP there's the "Tools" section and you can find resources by looking for "Add to your Team"..