All Forum Posts by: Steve S.

I guess no one has does this. Back to google / bing 

I’ve never done this before. I have 4 outstanding mortgages in rentals ranging from 3.75% to 4.125% on 30 year notes. 

I’ve been gathering a lot of info through research and welcome

Any opinions from those experienced in this here. 

1) would you think I could consolidate and lower my overall rate to reduce my interest costs?

2) what types of banks should I pursue?  I’d assume regional

And not the likes of BofA or Wells Fargo or that ilk

3) any recommendation of bank names?  I’d love to start making phone calls Monday.   I’m in Texas but doesn’t have to be here. frost Bank?  Others?  This is not an area I have much knowledge in. 

4) What questions should I ask when I call?  Key areas of concern to get the best deal?

thanks and welcome any recommendations!

Awesome! Thx

I have one of these kwikset smart locks but didn’t install it and don’t have the original tool for the tiny hole. 

Can I use the tool from another lock on it and rekey it as long as I have the current key?  

Previous owner installed it but I never had the tool that came with that specific lock. 

Thx

 Agreed. I think they had someone tell this section 8 was a good way to go and they’d be helping someone less fortunate. This is a 10 year old house in a very nice neighborhood and pre corona was $300,000 and this person absolutely trashed it and threatened her frequently in the process. 

She’s a single woman and feels a bit taken advantage of but I agree. No good deed goes unpunished sometimes 

 Great suggestion. Thank you. I think they’ve already started dealing with the roaches. They have pictures as well

Thanks so much for taking the time to send this response. Appreciate the suggestions 

I have a friend that for some reason went section 8 with their first tenant experience. 

When the tenant (shockingly) moved out, they left the following:

- random miscolored paint on the wall

- hundreds of roaches crawling everywhere

- damage to all doors (appears they taped something on all doors and pulled it off removing the paint on the door)

- deep scratches on the hardwood floors that will require replacement 

- gum and wax all over the floor and on several walls

- something sticky all over the carpet when you walk anywhere the carpet sticks to your feet 

- also very oddly it appears the tenant changed the locks for some reason  landlord’s key doesn’t work

- tenant removed all smoke detectors 

I could go on and on. Probably $10,000-$15,000 of damage. Many estimates already received totaling in that range and maybe costing even more  

Tenant has threatened the landlord if they don’t get their full deposit back ($1800) they will sue (ruh roh). This house is probably a $300,000 house and almost paid for and this landlord felt she would be helping someone down on their luck with 2 kids under the age of 10 and this is how her good will was returned. 

1) how would you handle the deposit?  

2) is there any further recourse with the government / section 8?

landlord feels very threatened that if they don’t give the deposit back they may show up at their house or something or somehow sue them. 

I’ve never had an experience like this before so welcome any ideas or perspective.

This tenant showed up at her house a couple months ago while still leasing the house because she refused to mail her the rent. The tenant demanded the landlord come to the rental house to get the check and when landlord refused she came to their house and was pounding on the door demanding they come outside and take the check from her - at the landlord’s house

Thx

Thanks for the suggestions!

I’m continuing the search Monday

4 of my rentals are at 

3.75

3.75

4.125

4.125
all 30 years with 25 or so left give or take