All Forum Posts by: Gustavo Delgado

Title companies are everywhere in Houston. Do you have a realtor? If so, they may have a business relationship with a title company already you can leverage. What do you mean by a lenders policy?

security deposit are the tenants, not the owners. He needs to transfer these amounts at closing because your new tenants will ask for them if and when they vacate

no. just no.

You can negotiate with your realtor. Are you looking to list a property? If so, negotiate a fee with them. Flat fee or a % that's up to you. Assuming the numbers you gave, you are listing a home for $2mm 2.5-3% listing agent fee is $50-60K. You can negotiate this! have that talk with the agent that you will offer (blank, you decide). That agent will either take your business or not. Maybe accept their fee, but require a shorter listing agreement (3-6months) to see the results. 

Drive around your area and find homes that are currently being remodeled (big dumpster outside, several crews/contractors) get out of the car and see if the investor is there if not talk to guy in charge and network with them. 

One of the 3 adults has a high DTI, what about the other two? How is their employment history, stable? Same job for at least the last 6 months? I would be more concerned about the brother in law potentially moving out mid-lease and leaving the couple. Can the couple make the lease without the brother in law?

why not have that hard talk with your current manager to understand the reasons for not getting the result you want?

why not just list it with a realtor for a short listing agreement, like three months. If you are not getting the results you want wait for it to expire or request the listing be terminated/withdrawn. You are missing a massive audience by not going on the Mls.

creating an llc for one home is not necessary  IMO. If you want to do upgrades to rent it, don't go crazy with it. Maybe a fresh coat of paint, flooring, unless what's there now if salvageable, make sure your electrical and plumbing  are in good working order.

If I would start over, I would look to join a high producing team and learn everything  possible. Focus on LISTINGS! Talk to EVERYONE that you are now in real estate and ask for their business.