All Forum Posts by: Ally Gao
Ally Gao has started 8 posts and replied 33 times.
Post: Rent Collection Agency
- College Station, TX
- Posts 33
- Votes 5
Hi Everyone,
If I only have tenant's birthday, driver license number, and phone number, can I still have a collection agency to help me to collect the delinquent rent? If so, could anyone please recommend a collection agency?
Thanks,
Ally
Post: House Hacking Panel and Networking
- College Station, TX
- Posts 33
- Votes 5
Thanks, Gregory! Looking forward to seeing you all!
Post: What is the best alternative for carpet flooring
- College Station, TX
- Posts 33
- Votes 5
Quote from @Mackaylee Beach:
Vinyl flooring is my top choice for achieving a clean, modern look at a lower cost.
Its versatility and durability make it an ideal option for various rooms, from kitchens and bathrooms to living areas and bedrooms. It's relatively easy to install and maintain.
Thank you so much for your comments, Mackaylee!
Post: House Hacking Panel and Networking
- College Station, TX
- Posts 33
- Votes 5
Sounds interesting. I will try to make it. Thanks!
Post: What is the best alternative for carpet flooring
- College Station, TX
- Posts 33
- Votes 5
Quote from @Marc Winter:
After many dozens of flooring replacement jobs, I'd recommend LVP (vinyl) for most installations. Don't use sheet vinyl--tears way too easily.
BTW, if you have hardwood or even pine under the carpeting, you might consider refinishing the wood. It's a cost-saving up front and lasts longer than many other choices. (Not in bathrooms).
Good luck. Keep investing and moving forward!
Ally
Post: What is the best alternative for carpet flooring
- College Station, TX
- Posts 33
- Votes 5
Quote from @Amir Rahmani:
Either laminate or vinyl flooring would be a good choice. since it's cheaper
I’m not a fan of carpet at all, especially for rental properties.
Post: What is the best alternative for carpet flooring
- College Station, TX
- Posts 33
- Votes 5
Good afternoon everyone!
My tenants just moved out. I will need to remove the carpet and replace it with something durable and cost effective. What is the best alternative flooring that you would recommend?
Thanks in advance for your help!
Ally
Post: My tenants owe us a few months' rent and can't make the payment.
- College Station, TX
- Posts 33
- Votes 5
Quote from @Scott Mac:
You could advise them to look into programs for emergency rental assistance.
There are programs out there that will help people with issues like this. Churches sometimes or non profits.
Just my 2 cents.
Thanks, Scott!! I will look into this and let them know. Thank you!
Post: My tenants owe us a few months' rent and can't make the payment.
- College Station, TX
- Posts 33
- Votes 5
Quote from @Dave Skow:
@Ally Gao- you dont say they are unwilling to move so no need for lrgal moves yet ...to help them move out - maybe consider cutting them the amount that they owe you as an incentive to get some paid back PLUS to get them out of the unit
Thanks, Dave!! It is a good idea. I might try it.
Post: My tenants owe us a few months' rent and can't make the payment.
- College Station, TX
- Posts 33
- Votes 5
Quote from @Nathan Gesner:
Quote from @Ally Gao:
This is a common mistake. You wanted to treat them kindly, thinking they would return the favor. The unfortunate truth is that most of these situations result in some major losses. And when you look back, you'll realize that you lost even more because of low rents, the amount of time and effort you spent dealing with them, and they are likely to leave you with more expenses once they finally get out.
Save yourself the heartache. Rent to tenants at - or very close to - market rates. Hold them accountable for rent every time. If they get behind, get rid of them. If they pay late, but always pay the late fees, they are usually OK to hold onto until their lease expires, then get rid of them.
Your life will be better if you run like a business instead of a charity.
Thanks so much, Nathan! It is so true!