All Forum Posts by: Jeyo Punnakottil
Jeyo Punnakottil has started 37 posts and replied 140 times.
Post: Would you accept 1/2 payment on eviction day from tenant

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
I am going through my 1st eviction ever.Tenant owes me 8600$ in total including 2 months rent+ Pet fees+ late fees+ court fee .Writ of possession has been obtained and eviction day is tomorrow.Will you accept 1/2 of the payment as the tenant says not to put the stuff outside but will move out on Sunday as their moving truck is scheduled on thursday.Or will you just kiss good bye to $8600 and move them out.
Post: Grass dried up bcoz tenants didnot water

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
Thanks you all for sharing your knowledge.
Post: How can you verify your property moved to LLC

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
I am trying to move my rental ppty to an LLc.It was my primary home and the title has my name on it.I created an LLc and a bank account for the LLc. I did a quit claim deed ,deeded all my rights to llc and had it notorized and filed it with my county clerks office.All these been done like 2 months ago .I was looking into the tax records today and it still shows my name on the tax records.I looked into the deed history on county appraisal district website and the last recorded transaction was 2 yrs ago and that is when i purchased the ppty.How do i verify that the property has been moved to an LLc?? NB: ppty is in texas.
Post: Grass dried up bcoz tenants didnot water

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
My lease clearly states that tenants must water the lawn 2 times a week during summer .Tenants ignored and now my grass is dried up.Can i deduct grass replacement cost from their security deposit?
Post: Where will you send the balance of security deposit ??

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
Where will you send the balance of security deposit if tenant ghosts or if they donot provide a forwarding address.
Post: Pet urine smell in Rental.Engineered wood.

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
@Katie Miller Great.. i heard about killz but not sure if it will make any damage to engineered wood.
Post: Pet urine smell in Rental.Engineered wood.

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
How to get rid of Pet urine smell .Flooring is engineered wood.Heard a lot about Ozone genrators.Anyone tried it???Any other alternatives?
Post: How will an eviction affect a tenant.

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
How will an eviction affect a tenant.Donot put any thoughts of human factor/feelings here.Plz comment as you are in my shoes and you running it as a business
Scenario: Had a flip project ,did 85k worth of rehab ,put on market in March of 2020,PANDEMIC CAME and we freak out .Listed for sale + For lease.Potential tenant came in saying they are moving from another state,Wife lost work due to pandemic layoff ,Husband has offer letter here in TX for 80k offer.They were selling their house and brining in 100k + want to buy house after 1 yr of lease (POTENTIAL TENANTS WHY Should YOU CONSIDER US LETTER) ,Good credit score ,No red flags on Credit report.,Verified employment letter.
The lease was for a yr.Lease ended in 2021 and tenants asked for 1 more yr of extension before buying home.We extended 1 more yr till June 2022 as they were good tenants ,paid rent on time in 2021 and did take care of ppty,no violation of lease etc.Fast forward to 2022 , Rents start coming in late but always paid late fees.April we asked them to get into a written contract with us to purchase and provide proof of funds..Tenants says they cant secure financing .interest rates are high. bla bla bla...we offered owner fin with 15%down ,they say they only have money for 5% down.DEAD DEAL.60 days ahead send non renewal of lease letter.30 days ahead notice to vacate send.20 days ahead hand delivered+ Registered mailed lease violation (pet violation and late rent).. Tenants start playing cat and mouse game.Will not pick up calls,no response to txt message.IN A NUTSHELL "FORCED US TO FILE FOR EVICTION" LEASE ENDED JUNE 2022..last day of lease tenant txt he is in a horrible accident( which is a lie,as he had asked us in may to extend lease till end of aug) n cant move now.. i said good luck but hand me my keys.. I KNOW HE IS BUYING TIME.but only till July 19 till eviction is heared. HE OWES ME $5k( 1.5 MONTHS LATE RENT + LATE FEES+ PET VIOLATION+COURT FEES+ PET DAMAGES) .1ST TIME DOING EVICITON.. and i know court will rule in my favor .HOW DO I GET THIS EVICTION ON HIS RECORD AND ALSO HOW DO I REPORT HE OWES ME 5K ON HIS RECORD.DO I NEED TO DO ANYTHING FROM MY PART TO GET IT ON HIS RECORD.i know once he finds out Eviction is filed i will not be getting the$5K but i need to make sure he doesnot do this again to another LANDLORD..how can i report $5K as in collections against him .CAN I SEND IT TO COLLECTION AGENCIES .ALL I AM TRYING TO DO IS HE SHOULD NOT DO THIS KIND OF DAMAGE TO LANDLORDS.
Post: Oh boy, shady tenant???

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
@Jeyo Punnakottil i ment to say your rental ppty bank account .Donot give your personal bank account as that will be commingling of money
Post: Oh boy, shady tenant???

- Rental Property Investor
- Houston, TX
- Posts 141
- Votes 48
@Nadir M. She can do a wire transfer to your bank.Thats the last ting i will do to help her out.Give your bank details ask gor a wire for the PRE MOVE IN MONEY.Depending on the state you live in you may need to collect security deposit and 1st months rent separately.Not as a lumsum.Check your states rules