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All Forum Posts by: Rod Hanks

Rod Hanks has started 8 posts and replied 569 times.

Post: buying property with section 8 tenant - california

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
If she is on a month to month lease then all you can do is give if her notice to vacate which you already did. I would probably go by and introduce myself and make sure she received the notice and offer to help her find another place. Tenants usually move when asked by a new owner.

Post: Section 8

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
I second and third everyone else.... Section 8 is a great program as long as you properly screen the tenants. My best tenants over the years have been section 8 clients.

Post: Accepting a tenant with an eviction

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
No evictions period! Been down that road and will not go again. It's always an excuse but I can't pay my bills with excuses.

Post: New Member from Texas (Real Estate and Business Attorney)

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

@Bret Allen

Welcome to BP! There is a wealth of information and valuable contacts on this forum.  I always have legal questions and I will make sure I look you up next time. If I can help you in any way, let me know.

To Your Success!!!

Post: Diving Into My First Extensive Rehab

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

@Mark Allen

Congratulations Mark! I look forward to your updates.

Post: Need agent in Dallas with Section 8 experience

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

@Matt Buchalski

Hey Matt, I have several rentals in Oak Cliff and Pleasant Grove with Section 8 tenants. In fact, I prefer Section 8 tenants over other tenants. I would love to help you.  I am a agent/investor. PM me and lets connect.

Post: Using HELOC to invest in 1st rental property smart?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
Brandon Clark That's a great creative idea! Just make sure you factor into your calculations the payment on the heloc. Make sure it cash flows and you have decent reserves. That's one of the easiest ways to buy with no money down.

Post: ​I QUIT MY JOB THIS WEEK!!! (with help from BP, at 31yo ;)

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
J. Martin Very inspirational and motivational post! Congratulations on your success!!!!

Post: How to approach former co-worker about their probate situation

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370
Just ask! What is the family going to do with the house? Are y'all renting the house out or plan on selling? If the family ever decides to sell your moms house let me know...I buy houses.

Post: Asking them to leave...

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 588
  • Votes 370

@Account Closed

As long as they are paying the rent and late fees I would not evict them because of the high costs of turnovers. I would discuss the situation with them and raise the rent a reasonable amount and sign a new lease. If the market rents are 40-50% higher then they will not go anywhere and they will understand your increase.