All Forum Posts by: David Semer

@Steve McGovern I did go ahead and use them.  I be happy to share my expereince if you like to connect.  

Good afternoon BP Community. Curious if anybody has had any experience with cash out refinance or any experience with Athas Capital? I have a 2 Family House in Staten Island looking to use them on. Or does anybody else recommend a direct lender offering 30 year fixed program in LLC? Thanks in advance for all the support.

@Stephen Benson I will start that I am not an attorney or know TX law so I would consult your attorney who going to help you out on this. I did just do some research on this as i have a similar situation but in a multifamily complex in NC.(spoke to a lot of other landlords and attorneys).  If this is a single family house and your insurance company will not cover or property manager manages the property for you this to seems like a hardship on you to have to find another insurance company or property management co(was this same property management co with the old owner).   While this is a very thin line also because this was an existing tenant you took over it.   I would look at it from that angle.  

Found this article 

Even if a person qualifies for a reasonable accommodation under the statutes, a landlord does not have to waive a "no pets" policy if doing so would cause a great financial or administrative burden, if a "no pets" rule is a fundamental part of the housing program, or if the disabled person is not able to follow general rules of tenancy. However, to date, a landlord has not been able to refuse waiving a "no pets" policy to a qualifying mentally disabled person because of any of the above reasons.

https://www.animallaw.info/intro/emotional-support...

Good luck 

@Jonathan R McLaughlin , @Peter Tverdov, @Steve B. Thank you all for sharing your experience, opinion, and responses.  If it did not come across we are not letting fear handle this.  We are working through it.  But to just try to do kneejerk react today without getting all the facts did not make the most sense.  This situation just came up and I been working through this with my property manager.  I was not sure I actually agreed with how my property manager was handling it and before I spoke to my attorney I been gathering as much information as I could.  I posted here to see what other experiences are and how they may have handled it to see when I spoke to my attorney this was going to be best for our business.  thanks to everybody who took the time to share their experience.  

@Adam Schneider thanks for sharing your expertise.  

@Terrell Garren that is definitely something to consider thanks for sharing what works best in your business model.  Appreciate your time.  

@Account Closed thanks for sharing what you learned.  It can not be about the esa if it is legit.  Again if there is a real need I am not against it.  

@Dennis M. thanks for the kind words.  This is going to be a bigger problem for landlords.  

@Jason Moore Thank you for taking the time to share your expertise.  I do agree if an ESA is beneficial to person we are all for it for the right person.  As for taking the advice I am an information junkie and like to see if other businesses are doing things a different way and see if it could fit my business model.  As you can see from my previous comments when making the final business decision to implement, I will always verify and double check with my personal team.  (Property Manager, Attorney, Accountant).  Thanks again for taking the time to share information.   

@Angela Smith and @Thomas S. thank you for taking the time to share your opinion.  They have provided the letter we do allow pets but there are fees associated with this.  As for if it is an emotional support animal I do now have a letter from the tenant that does indicate he needs "animals" So it is a grey area.  Also, we cannot charge the fees if it is an emotional support animal.  We requested now proof of shots for the animals.  Will see where that brings us too.  I may believe it to be a scam but it is a fine line and unfortunately from the business standpoint these days you want to make sure you follow the letter of the law.