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Rental Basics in Dallas : Real Estate Advice

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  • Local Info177
  • Home Buying885
  • Home Selling96
  • Market Conditions50

Activity 33
Mon Sep 4, 2017
Lavette Domineck answered:
Hello I need a 3/2/1 or a 2/2/1 rent to own home. I'm tired of throwing away money on apartment living. I can afford $700-$800 a month. Dallas, Irving, or Desoto since these areas are close to my place of employment. My contact information is lavettedomineck83@gmail.com ... more
0 votes 6 answers Share Flag
Thu Aug 31, 2017
Susie Kay answered:
Wed Feb 1, 2017
Tiffany asked:
pay the first month rent and a double deposit if need be. Can anyone point to someone who can assist.
0 votes 0 Answers Share Flag
Tue Nov 8, 2016
Accessgroup80 answered:
I know this post is a little old, but it still comes up in search for "Dallas Cap Rates" so I'm going to share the following: As of TODAY its : 6.82% for Low-Rise at 25 Years+ . Any time you need to you can get the Dallas cap rate with the cap rate calculator below. It's the most accurate one I have found. ... more
0 votes 14 answers Share Flag
Thu Dec 31, 2015
Janrennalls answered:
can I give my address of my apt. and told the sq. footage?
0 votes 5 answers Share Flag
Fri Sep 19, 2014
Jake Jamison answered:
That is unfortunate discovery to find when you're ready to get all settled in to a new place. I would recommend a carpet installation company to replace it, rather than try to attempt the task yourself. They will make sure the job is done correctly and should ensure their work under a warranty.
http://www.creativecarpetinc.com/services/carpeting-services.html
... more
0 votes 13 answers Share Flag
Fri May 23, 2014
Kenneth "Kenny" Bebensee answered:
Just pick any 1 Realtor who works section 8 and be loyal. A lot of Realtors do not work them because clients are not loyal and its a lot of work and takes time.
www.tcrdallas.com
0 votes 1 answer Share Flag
Mon May 19, 2014
Kenneth "Kenny" Bebensee answered:
7 years the furniture has run its course. Was it brand new, top quality when they moved in? Probably not. Buy new furniture.
www.tcrdallas.com
0 votes 4 answers Share Flag
Fri Jan 24, 2014
Edith Schreiber answered:
While we all want to be able to rely on what we are told verbally, at the end of the day, I tell my clients who are looking to buy a home to always refer to the original lease.

I know how frustrating it can be, since you've very likely been paying a premium amount while going month to month. ... more
0 votes 5 answers Share Flag
Thu Jan 23, 2014
Andrew Smith answered:
There is a really great company that I know of that will actually buy a house for you and then rent it to you while you work on your credit. However, if you are looking for more of someone who can do owner finance for you and your rent will apply towards the house payment then I can help you with that to, just give me a call/text at (214) 686-1507, or you can e-mail me at andrew.smith@coldwellbanker.com ... more
0 votes 2 answers Share Flag
Wed Jan 22, 2014
Cornerstone Leasing answered:
We don't have any carpet at all actually! I'd like to invite you to visit my building in the historic Swiss Avenue district. The Cornerstone is located at the intersection of Gaston Ave & Munger Blvd. ... the physical address is 5203 Gaston Ave, Dallas, TX 75214
Give me a call if you'd like, 214-887-0223

I hope your able to make it by!!
-Jacob
... more
0 votes 3 answers Share Flag
Thu Jan 9, 2014
Kenneth "Kenny" Bebensee answered:
Contact any 1 Realtor of your choice and they will help you find what your looking for. www.tcrdallas.com
0 votes 3 answers Share Flag
Mon Jan 6, 2014
Darlene Johnson answered:
Hi Don,

Have you heard of the new lease to own program here in Texas? Please give me a call or email and I will send you all the info. It's a for someone in your exact situation and its a wonderful program. It gives you up to 3 years to repair your credit and purchase a home.

Let's talk!

Darlene Johnson
JP & Associates REALTORS
5700 Tennyson Pkwy Suite 170
Plano, TX 75024
206.428.8049
realtordarlenej@gmail.com
darlene.jphomesforsale.com
... more
0 votes 4 answers Share Flag
Fri Aug 23, 2013
Joycelewis412 answered:
Homeowners who have had a foreclosure or short sale years ago just got approved to buy a new home. Nowadays, many lenders have flexible loan programs that you can take advantage of. Visit an expert in your area to see if you qualify. You can also search online.
Check if you qualify for a mortgage. Try www.whywaitbuytoday.com
... more
0 votes 4 answers Share Flag
Mon Jun 17, 2013
Monica Pineda answered:
If you have not found a 2nd chance apartment yet, contact me. If you can tell me the neighborhood you are interested in and your price range, I can find you a nice place! :-)
0 votes 3 answers Share Flag
Sun May 19, 2013
Patti Kane answered:
I had a short sale last year and my Realtor recommend http://www.cfs-mortgage.com/flex for a home loan. I am very happy to be able to purchase again.
CFS Mortgage assists homeowners who have recently been through a foreclosure, short sale or have recently emerged from bankruptcy. ... more
0 votes 5 answers Share Flag
Thu Apr 11, 2013
Rustin Polk answered:
Credit is only one of the landlord's considerations in making a rental. They consider criminal backgrounds, having a steady job, etc.

I'm a Dallas bankruptcy attorney and out of the 1,500 cases I've handled, I don't think I've ever had a client turned away from renting a place because of their bankruptcy.

If someone is turned down for an apartment based on their credit, it's because of a low overall FICO or Beacon score. Your bankruptcy probably raised your credit score, not lowered it. If your credit held you back from an apartment now, it would be because of other issues on the credit report rather than just the simple fact that you filed a bankruptcy case at one point.

An apartment complex is not the only way to go, of course. There are around 2,500 houses on the foreclosure list every month. Even more if you count the surrounding areas and not just Dallas County itself. After each monthly foreclosure sale, there are tons of new properties available for rent. That's in addition to the rental homes that already existed.

Some of these rent houses are managed by a professional property management company, where there will be a formal application process and a look at the credit report. The mere fact of the bankruptcy should not influence the decision although the overall credit score will.

Other of these rent houses are owned by individuals who know the amount of rent they'd like to receive but do not have a formal application process. They won't bother to even pull the credit report. In fact, individual landlords don't have any way to legally get their hands on one (Experian, Equifax and TransUnion don't just hand out your credit report to individuals who call them and ask for it. That's illegal under the federal Fair Credit Reporting Act). Even if you sign an Authorization allowing them to look at your credit report, they still don't have a way to legally pull it. There's a whole licensing procedure for that and individuals don't qualify.

The Dallas housing market is very diverse. There are rentals available for a wide range of prices, for all types of credit, in a broad range of locations. You're very smart for trying to get potential issues dealt with ahead of your big move, but I wouldn't worry too much about this part of it.

Rustin Polk
Dallas, TX
... more
2 votes 6 answers Share Flag
Tue Feb 5, 2013
Michael Brownstead answered:
Although I have never managed properties, nor do I intend to, I feel that there are many more cons than pros to being a landlord.

Additionally, property management companies can alleviate much of the hastle; plus, they can usually handle the unpleasant legal issues of bad tenants and evictions — something that could take quite a bit of time and money on your own part.

Being a landlord is not for everyone; it’s very important that homeowners take the time to look into it this task very thoroughly.

It is also a great idea to speak with other landlords who have done the same thing and calculate all the expenses and headaches!

Lastly, if anyone is in need of great property management companies, feel free to contact me and I'd be happy to refer.


Michael L. Brownstead, GRI, ABR
REALTOR®
Keller Williams Realty
1002 Raintree Cir., Ste. 100
Allen, TX 75013
E-mail: MBrownstead@msn.com
Cell: 214-872-0400
... more
2 votes 2 answers Share Flag
Sat Feb 2, 2013
Anne Bokalo answered:
look at your lease to see if the landlord can do that. Read the small print because it's there sometiimes even if you have a lease.
0 votes 7 answers Share Flag
Sat Dec 8, 2012
Glenda Porter answered:
Im moving from MN to Dallas end of January have some great real estate leads. I have used abf also but we are considering doing it ourself we used penske on part 1 of the move last month ... more
0 votes 5 answers Share Flag
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