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All Forum Posts by: Himanshu Jain

Himanshu Jain has started 18 posts and replied 94 times.

Post: Property management software

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28

I use Buildium, has been working fine for us. I would suggest take a look at it. The pricing works well as well and gives you all options to grow.

Post: Collecting rent monies online

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28

We use buildium and they have rent collection capabilities, which works great as it automatically adjusts the rent ledger and works well with rent collection reports.

Post: Dog issue - Tenant moved in puppy without consent!

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28

I have run into a similar issue and questioned my leasing agent that how did he allow for this. But then let it go as she is a good tenant in all respect and had a small dog. So we did a pet addendum, took more deposit and increased the rent. Also added a clause in the addendum that we will be conducting a quarterly inspection and any time if we find any damages to the unit. She will be responsible for taking care of those.

Post: Running Diary of a Single Family home in St Louis (U City area)

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28

Sorry Had been busy with lots of different things going on. Finished the project and sold it with a first few days of the listing. Here are some pictures of the final product. Now looking for my next flip.

Post: Residential Plots in Aurangabad, MH India

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28

Opportunity to invest in residential plots in Aurangabad, Maharashtra India. Aurangabad is one of the smart cities being developed in India. Please see the attached video for more details.

https://youtu.be/xcqVBGyGhKQ

Post: Tenant causes small fire while trying to fix something

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28

I just got a call from tenant saying there was a small fire when they were trying to seal a hole? What do to in such situation? Should tenant be responsible for the damages? Should they be given a written warning? What are some good practices around this situation? How to prevent something like this in future?

Post: Buyer asking for compensation after closing as basement flooded

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28
Originally posted by @Mary B.:

Seems like they suspected that there was or might be flood issues so they should've purchased the extended title insurance coverage, not bother you. You gave them credit for that particular issue already and they were sapposed to have it handled; yet they closed anyway... Anything further you might want to consult with an attorney to prepare for possible litigations over this. My coin.

I am reaching out to an attorney too, to make sure I am covered. I would assume the insurance should cover them too for such an incident.

Post: Buyer asking for compensation after closing as basement flooded

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28
Originally posted by @Darrell Shepherd:

I doubt you are under any legal obligation to do much the way you describe it.  It'll depend on some on your state, though. 

I personally like to stand behind what I sell and would work on a solution.  I've gone behind closings many times and fixed things that weren't caught on an inspection and I didn't know where wrong.  Its the right thing to do, you are pitching a rehabbed house, it needs to work right.

Thanks for the comments and suggestions. I agree, I have used the best materials and have not cut corners anywhere while rehabbing the property, I stand by the product and want to do the right thing. I think I am going to reach my attorney as well to make sure I am covered. I just want to make sure that out of goodness I do not put myself in a precarious situation.

Post: Buyer asking for compensation after closing as basement flooded

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28

Just completed my first flip and sold the house on day one. Now with recent heavy rains the basement got flooded after closing. As per buyer there are signs of flooding before and they claim that I tried to hide that condition, but I never lived in the house and had no idea about any water issues. As part of buyer inspection it was identified that there were some signs of water seeping in and we gave some credit to buyer to fix that issue. Looking for advise on how to respond to this situation.

Post: Running Diary of a Single Family home in St Louis (U City area)

Himanshu JainPosted
  • Real Estate Agent
  • Chesterfield, MO
  • Posts 101
  • Votes 28
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