All Forum Posts by: MONICA WATSON

@Matt G. The lease says apartment..Do you modify it to say residential or leave it as is?

@Paul Ewing Why didn't you like the TAR lease? Which do you use?

Thanks @Matt G. and  @Jon Holdman   I'v seen reference to TREC leases here on BP. I bet alot of people don't know that those forms are null in void if you are not a member.

Thanks @Fred Heller for the offer!

Thanks @Eddie Werner I was uncomfortable because my potentials have been coming in off my ads and I wasn't familiar with dealing with a Realtor, When she called I was caught of guard. 

@Joel Owens I know it's not much but I researced her Realtor who is also a broker, The commission would be 500$. She gave her client a list of properties to drive around and check herself from gosection8.com

@Marcia Maynard I've done everything but finalize a lease. Which I'm doing now.

I was going to use the infor to save client on credit and background fee, but I double check myself! Thanks everyone..

@Paul Ewing I did attend the section 8 orientation. I have had alot of calls and a few showing while the house was being prepared. I will keep my options open. Thanks

@Jon Holdman I know I should have a lease by now. I just posted on BP that I spent so much time researching buying a REO, closing, repairing, and screening processes. It all happened so fast, I just closed on 1/8. I already know my criteria and addendums to add I just have to find a good template to print out. I called my Realtor I used for buying he suggested I use her to do lease with my addendums and he could review it(if I accept tenant). I will keep searching and screening other tenants.

My agent said that normally if there are two Realtors their commision is the first month's rent split between the two. Is this typical is your area?

I am trying to rent out my first buy and hold. I have someone that is interested and they had a realtor to contact me. The Realtors commission is half of the deposit amount and she stated she has detailed information, credit and background on tenant. The tenant also has a section 8 voucher. My question is do the Realtor facilitate the lease and do I still have her fill out my app if I'm provided the information? I have not formed my own lease yet,,Can I use her Realtor to my benefit? I'm a little throwed off as I planned to do rental process myself. ANY ADVICE?

Thanks @Steve Rozenberg , I'm also here in Houston. I was so busy researching how to purchase a house, then how to fix repair, now screening. I have not even got around to laws as I'm still trying to find a tenant. I will get on that asap. It has been a whirlwind. Do you know where I can find a good lease for Texas?

@Bill S. I have to fine tune my process. This is my first so I'm being extra careful and my property in a lower income neighborhood. I wonder those that do not accept application fee, do they pay out of pocket for each applicant?

I am currently screening tenants for my first property. It hasn't been a week yet and  I have heard all types of situations from emergency surgery, grandmother dying, or I need to move asap or I lose my voucher. I had one person say they don't want to see the place just sign their voucher. I also get alot of out of state people calling, which makes me nervous, Some of these stories are convincing!

I found that by sending them the criteria (even though it's in the ad) with bold letters NO felonies, No evictions, it eliminates alot of people giving you the run around. Whew!! Good luck to us all...

@Dan Beam Do you know if that Pro number is still active for discount at HD?

@George P. @Steve Babiak Thanks guys. I just ran all the hot water of the water heater and the smell was gone. I'm so happy I don't have to replace it now!