All Forum Posts by: John Truong

I like this one. You can enter an address to rate the risk:

https://www.floodsmart.gov/floodsmart/

Hello Fred,

Do you help investors in the southeast side too (45S and beltway 8)? I just bought one but it took me 6 months.

Anybody knows if the new buyer should automatically get all the deposits ? Or does it have the be written down in the purchase contract?

Does AMP require 2 years of lanlording experience in order to count the rental cashflow as income? I know that Sherman does. 

Hi @Sharon Tzib,

I had no clue that the change was major. I need to talk to my tenants first, then draft a new rental agreement so that everything is on paper and clear. I actually drafted a new contract on my first rental because we changed a few terms; I thought this second one would be easier. Thank you very much for your help.

Thank you @Sharon Tzib and @Greg H. for your suggestions. I think I can do a 1-page addendum/extension to the contract. It does not seem that the TREC website has a pre-made form that I need. TAR has one but but I am not an agent.

And thank you @Lynn Y. I can list a third option which is a 6-month lease with $50 increase. This would be considered as halfway, isn't it? :)  I will definitely talk to my tenants.

Thank you @Eric Thomson. It sounds easy enough. Maybe I over thought things.

I really like my tenants and want them to stay, but I prefer that they sign a contract instead of staying month-to-month. So hopefully a $100 difference will push them to renew the 12-moth contact.

Hello,

I have a lease agreement that ends at the end of May. The lease automatically renews to month-to month starting June. The property is in Houston, TX, and I am using the form CJM 186253v.6.

I want to give my tenants the choice of renewing the 12-month contract at the same monthly rent or stay at month-to-month at $100 higher (or $50 higher with 6-month contract).

I am planning to send them a courtesy text about these options, and ask them how they want to proceed. 

Then what to do next? How do I make it official? What paperwork to sign? I found the Texas Association of Realtors Form 2005, but I cannot use it because I am not a realtor.

Thank you in advance for your help.
-John

Hi @Johnie Hopkins,

You may try facebook groups such as "Houston Real Estate Investors" and "713Houston Area Real Estate Investor". Flippers and wholesalers are there, they can give you referrals.

@Leigh Ann Smith

I found this site. The legend is not as nice as the one you listed, but it also include some surrounding counties.

http://maps.riskmap6.com/