Terra Residential Services
December 2011

Address
14655 Northwest Freeway
Suite 124
Houston, Texas 77040

Phone
(713) 895- 9966
(800) 275-7776

Email
info@terraresidential.com

Website
TerraResidential.com

Houston's Only
Certified Residential
Management Company.
Specializing in Investment Brokerage & Management
Since 1990.


Serving You

Michael Mengden
MPM®, RMP®, GRI®

President/Broker
(713) 895-9966 x305
mmengden@terraresidential.com

Bridget Mengden
Accounting
(713) 895-9966 x304
bmengden@terraresidential.com

James Dominy
Property Manager
(713) 895-9966 x308
jdominy@terraresidential.com

Jennifer Steward
Property Manager
(713) 895-9966 x306
jsteward@terraresidential.com

Carolyn Marsh
Assistant Property Manager
(713) 895-9966 x303
cmarsh@terraresidential.com


Our Services
  • Leasing
  • Make Readies
  • Rent Collection
  • Evictions
  • Electronic Statements
  • Online Payments
  • Property Acquisitions
  • Sales
  • And More

Announcements

Check Your Insurance: Events can happen - flood, extreme heat, hurricanes, fire, and more! It is important to check your insurance to obtain the best coverage possible and ensure that it is current. Review now with your insurance agent before a disaster/emergency occurs.

If An Emergency Occurs: Our first priority during any emergency is to handle the situation, taking any necessary measures for the safety of your property and your tenants. Then, we will contact you as soon as we are able.


Our Associations
Associations


Are You a Knowledgeable Landlord?

How would you rate yourself as a knowledgeable landlord? We thought we would put together a list of questions that landlords should know. It is and always will be, our policy to keep you intelligently informed on the business of owning investment property. That is the primary reason for this newsletter service. Ask yourself the following questions, then click on the link to see if your answer is correct.

We hope this will review or increase your knowledge of landlord/tenant law - good luck on your answers!

  1. Can a landlord refuse to rent to a tenant with pets? See Answer
    Yes, you can refuse to rent to a tenant if they have a pet as long as there is no discrimination involved.

  2. Can an assistance animal be refused and can you charge a deposit for this animal? See Answer
    No, you cannot refuse a tenant with an assistance animal and you cannot charge a "pet deposit" - this is discrimination per Fair Housing Law.

  3. What important document is needed if a residential property was built before January 1, 1978? See Answer
    A lead-based paint agreement is needed for a residential property, units 1-4, built before January 1, 1978.

  4. Can an owner give a notice to vacate to a tenant on a lease? See Answer
    Yes, you can give a notice to vacate to a tenant on a lease as long as the date to vacate is beyond the end of the lease, even if it is only one day. However, you cannot just give a notice and expect them to move out before the end of the lease.

  5. Can a landlord refuse to rent a property to people with children? See Answer
    You cannot refuse to rent to persons with children unless it qualified for a seniors or over 55 status. Otherwise, it is considered discrimination.

  6. What important act is the basis for much of the landlord/tenant settlements and legislation? See Answer
    The basis for many landlord/tenant settlements or legislation is the URLTA, the Uniform Residential Landlord Tenant Act.

  7. True or false - a definition of habitability in rental housing is anything that endangers the livability of the property and the health and welfare of the tenants. See Answer

    This is True.


  8. True or false - unsafe electrical in a rental unit is a good example of violating habitability. See Answer

    This is True.


  9. True or false - a property owner can enter his rental property at any time without the permission of the tenant. See Answer
    False - the tenant has the right of privacy and most states have very specific laws on the right to enter. It is also common courtesy to notify a tenant because it is his or her residence.

  10. True or false - it is a good policy to require a tenant to do all maintenance. See Answer
    False - it is not a good policy to require tenants to do all maintenance for many reasons and particularly when it comes to issues of habitability.

  11. True or false - it is a good policy to carry the minimum insurance on an investment property. See Answer
    Generally, this is false because it is worth carrying a good "landlord policy" that covers more than a standard fire and liability. Many good landlord policies cover vacancy losses under certain conditions, vandalism, and more.

  12. True or false - turning down an applicant due to poor credit is considered discrimination. See Answer
    Definitely false - a landlord can require good credit as one of the criteria for renting and it is required of all applicants.

So, how did you fare? We hope this questionnaire helped you. Understanding landlord/tenant laws and good practices is the best protection a landlord has other than hiring a professional property management company. We will continue to work on keeing you informed and knowledgable.

 

 

Terra Residential and CNR
partner to improve
Cash Flow!

CNR Insurance Brokerage Services - 8% Insurance Rate Discount for TERRA RESIDENTIAL CUSTOMERS
- Up to $500,000 Personal Liability Protection PER PROPERTY
- Lower Rates for Real Estate Investors
- Broad Coverage Form
- Current CNR Customers can call for these greater discounts
- This product is for Texas, Oklahoma, and Arizona

Example Quote: $120,000 Home, Built in 2006
ANNUAL PREMIUM: $639.00
CALL CNR TODAY

972.248.2415 | Toll Free 800.539.1744 | Fax 972.248.4294

info@cnrbrokerage.com | www.cnrbrokerage.com


The material provided in this newsletter is for informational and educational purposes only. It is NOT legal advice.
Although we believe this material is accurate, we cannot guarantee that it is 100% without errors.

 

Services Provided By LandlordSource.com & Property Management Newsletters