All Forum Posts by: Robert K.

Hi,

I am trying to decide what address shoud I use for my business checking account? Do I use my home address or a P.O Box?

Thanks,

Rob

Thanks Brandon. Im taking all of your suggestions and following them. I'll send the pre-stamped letters to her. I'll also have her sign some papers. Thanks!

Jon, can you follow me so I can send you a private message? Im new to the site.

Thanks to Greg. I will contact Texas Farm Bureau too. If others have independent agents, please pass them on too.

Thanks,

Rob

Hello,

I just acquired my first rental home from an uncle. I have deeded it to my LLC and need to get property and liability insurance, but I am being quoted very high rates for landlord insurance. I live in Dallas and the property is in Waco. Is there an agent in Texas that you recommend.

This is an older home that has a space heater in it. The space heater appears to be the main problem in the high quotes.

Thanks!

Brandon, my uncle drives to the rental house to collect the rent himself. She is elderly (he is prob 20 years older than she is, but he can drive) and can't move much. I'm not sure if there is a designated maintenance guy. There is no written lease. He inherited her when he got the property in 1994. He said she pays consistently & on time.

I got the home trasferred to my llc today and went to meet her. I reassured her I was not kicking her out as she mentioned it. Based on her not going to move out of this house, do I still need her to sign a rental agreement? Is this worth it?

I need to get the home inspected is what you are saying? If so, I will. This is new to me.

Thanks everyone!

Hello, my uncle is 89. He is deeding a house to me that he owns & collects run on. It's paid off and brings money in. The tenant is an older woman has been in it for years! Like 10 or more years and not trying to move. When he told her I was going to take over, she asked if I was going to kick her out. He told her no. I'm not going to as she is a faithful paying tenant. She was relieved.

So, this house will be deeded to my newly created llc in 1-2 weeks. What are my next steps in dealing with her. She sounds long term. Im in Dallas. She is 90 miles away in another city.

1. Have her sign a lease with LLC? If so, where do I get a lease agreement?
2. ???? Help!!
3. Do I need a property mgmt company?

Please tell me all I need to do. I am looking for next steps and best practices!

Tanks!

Hello, my uncle is 89. He is deeding a house to me that he owns & collects run on. It's paid off and brings money in. The tenant is an older woman has been in it for years! Like 10 or more years and not trying to move. When he told her I was going to take over, she asked if I was going to kick her out. He told her no. I'm not going to as she is a faithful paying tenant. She was relieved.

So, this house will be deeded to my newly created llc in 1-2 weeks. What are my next steps in dealing with her. She sounds long term. Im in Dallas. She is 90 miles away in another city.

1. Have her sign a lease with LLC? If so, where do I get a lease agreement?
2. ???? Help!!
3. Do I need a property mgmt company?

Please tell me all I need to do. I am looking for next steps and best practices!

Tanks!

Ahalyaa, do you mind stating how much you were charged? I am looking for someone in the North Dallas/Plano area to setup one for me and I have also looked at the Houston based online/email attorney. I'm looking for cheaper prices.