All Forum Posts by: Jerry Ta

New investor in the market for property managers for a couple of MF homes in Houston area. Please recommend some good ones that you have encountered before. 

Hello all, before I joined BiggerPockets and read a few of their books, I made a contract with Mynd to manage our previous home as a long term rental.  I'm about fed up with them and their quotes for repair on some items, and it doesn't seem very easy to send my own repair people.  I live about 45 minutes away, have small kids, a busy job, etc so I'm not sure I am up for managing the property myself even though it is a newer home with relatively few repairs.  Does anyone have any recommendations for property managers that they would vouch for?

I am new the forum but have used BP for years. I currently own around 30 rentals, all free and clear, in the Houston area. In the past year and a half, I have grown increasingly tired of the in and outs of land lording and am having a harder and harder time dealing with tenants and finding decent labor. I had an investment group reach out to me and over the past few months we have gone back and forth regarding a potential owner finance deal for my 30 unit package. The group has the 10% down I am asking, is willing to pay 9.99% fixed IR and pay 90% of the appraised values per home. I am highly tempted to explore this deal as it would allow me to have a solid monthly income, remove me from the ‘game’ and the internet seems very attractive.

I have already spoken to an attorney who will draft the contract, note etc. and serve as the trustee. 

Is there any downside to this type of a deal for a seller? I am 42 and am at the point where I am really losing interest in the business.Thanks!

I'm always over casual about such things but when I've done loans (private or seller financing a property of mine) I just put them into my property management software as a 'tenant' and a recurring charge to reflect their loan payment.  It's not that complicated (IMO) but I'm sure I'm missing something... 

I have several clients who are willing to do Seller Financing so I'd like to find a Loan Servicing Co in Houston TX. Seems there are several in the DFW area but i'd like something local. Thanks 

I evicted my tenant back in July and after fixing all the mess they left behind, I signed a six week contract with a realtor to find a long-term tenant but no one completed an application. At the end of this contract to lease, I changed to another realtor and signed a four week contract. This is week two. It is no longer sustainable for me to continue to pay the mortgage and I would like some suggestions of what to do in the event that the second realtor does not find a suitable tenant. I have never used property managers and would like to know if I should consider this route. If so, how does it work? Do they have a guaranteed rent contractual agreement which means my rent is guaranteed if I have a contract with them. Any reputable property managers to recommend? What about Airbnb - what are the pros and cons of having an Airbnb super host take over and manage it as STR?

Your suggestions would be greatly appreciated.

Hi all. I am looking for good & reliable property management companies/ manager (small, local, any) in Houston. Anyone with personal experience with some managers/ companieswould be very helpful. Thank you