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All Forum Posts by: Lawrence Briggs

Lawrence Briggs has started 15 posts and replied 353 times.

General Landlording & Rental Properties

Post: Texas Lease Agreement

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

Hello BP friends! I just closed on my first rental property—a single family home in Texas. I was wondering if anyone knew where I could locate a standard Texas based lease agreement? Thank you for your time! 

0 Votes
Real Estate Deal Analysis & Advice

Post: Closed on my first rental property!

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

I have officially CLOSED on my SECOND PROPERTY—a single family home, investment rental. This means that I now own two properties in Texas!

It only takes that one family member to start the generational wealth cycle; I am that person! Born and raised in New Orleans, by a single mother!

144 Votes
Austin, Texas
General Landlording & Rental Properties

Post: End of Annual Lease Intent To Move Out

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

@Nathan Gesner thank you for the info. My goal is to have it not convert and follow the same renewal / non-renewal options. Since my property is vacant, I start off with training the tenant to know that an annual 3% rent increase will occur. 

0 Votes
General Landlording & Rental Properties

Post: End of Annual Lease Intent To Move Out

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

@Nathan Gesner do your leases automatically convert to month to month? I am working on my first lease agreement and there is an option to have the lease commence to month to month after the initial lease term ends. 

0 Votes
General Landlording & Rental Properties

Post: Rental listing - what to avoid

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377
Quote from @Nathan Gesner:
Quote from @Ryan Bird:

Trying to see if there are things I should avoid saying in rental listing. Can I say the “unit is close to Costco , short drive to university and walking distance to park etc”. Any best practices for rental listing to call out major things that are close by to boost the leads and also comply with housing guidelines.


In today's politically correct climate, you should avoid saying anything that could be construed as discrimination. Imagine everyone looking at your marketing is an ultra-sensitive social justice warrior just looking for a excuse. For example, "walking distance" could be seen as discrimination against someone in a wheelchair, so you should say "four blocks to Mentock Park." It's gotten pretty ridiculous, but that's the world we live in.

I always recommend you include some qualifications to weed people out. Example:

"Tenant is responsible for all utilities. No Smokers. One animal under 25 pounds is negotiable for additional rent and/or deposit. All occupants over 18 years old must submit an application and pass our screening. Applicants must have a combined income of 3x the rent and credit scores of at least 600. If three or more unrelated apply together, each individual must earn 2x rent and a credit score of at least 650."

Many applicants will not read what you write. That's life. However, you can easily point them back to the ad and show that you're not discriminating against them personally; they just don't meet your criteria.

You are so amazing! Have you thought about writing a book about property management? @Nathan Gesner

1 Vote
Questions About BiggerPockets & Official Site Announcements

Post: BPCON2022 Save the Date

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

Howdy everyone from Austin, Texas! I have never been to California or attended a BP conference. I am so excited about this! Hope to network with you wonderful people :) 

2 Votes
Creative Real Estate Financing

Post: HELOCs in 2022 (Texas) primary residence

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

Hello BP family. I have some equity in my primary residence in Texas that I would like to use for real estate investing. Has anyone had a good experience with getting a HELOC this year (2022) or recent years? If so,

- What lender?

- Interest rate?

-Overall experience?

0 Votes
Austin, Texas
Starting Out

Post: Help meeting investors in my area

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

@Christian Vaquero the meet up in Killen is organized by @Jeremy Fay . 

1 Vote
General Landlording & Rental Properties

Post: Landlord Software: Avail vs. Innago ?!

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

@Jasmine Delves thank you so much for your reply. I really appreciate it!  For me, I am wanting more managing and accounting features, if possible. 

0 Votes
New Member Introductions

Post: Newbie investor introduction

Lawrence Briggs
Posted
  • Investor
  • Austin, TX
  • Posts 365
  • Votes 377

@Ben Shapley , thank you for your service as a Nurse, and welcome to the BP community! You have an awesome "why" for your reason to invest in real estate. I reside and invest in Central Texas. If you have any questions, I am happy to answer them or get you in contact with someone who can. 

1 Vote
Houston, Texas