1. Welcome to the Landlord Investor Network!

2. Register with code ALLSTAR for a 20% discount on Early Bird tickets
Register with code ALLSTAR for a 20% discount on Early Bird tickets.  Early Bird is almost sold out so REGISTER TODAY for our best pricing.  Text ALLSTAR to for Cathy's direct registration link and special price.

3. Gaylene Lonergan

4. Texas Required Landlord Disclosures
REAL ESTATE EDUCATION for PROFESSIONALS

5. Texas required landlord disclosures
OBJECTIVE
To learn about the disclosures that landlords in Texas must provide tenants, usually in the lease or rental agreement.
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

6. Texas required landlord disclosures
NONREFUNDABLE FEES
Landlords may charge nonrefundable fees.
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

7. Texas requires landlords to make the following disclosures to tenants:
Texas required landlord disclosures
Texas requires landlords to make the following disclosures to tenants:
Owner or agent identity. In the lease, other writing, or posted on the property, landlord must disclose the name and address of the property's owner and, if an entity located off-site from the dwelling is primarily responsible for managing the dwelling, the name and street address of the management company. (Tex. Prop. Code Ann. §92.201)
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

8. Texas requires landlords to make the following disclosures to tenants:
Texas required landlord disclosures
Texas requires landlords to make the following disclosures to tenants:
Security device requests. If landlord wants tenant requests concerning security devices to be in writing, this requirement must be in the lease in boldface type or underlined. (Tex. Prop. Code Ann )
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

9. Texas requires landlords to make the following disclosures to tenants:
Texas required landlord disclosures
Texas requires landlords to make the following disclosures to tenants:
Return of the security deposit. A requirement that a tenant give advance notice of moving out as a condition for refunding the security deposit is effective only if the requirement is in the lease, underlined or printed in conspicuous bold print. (Tex. Prop. Code Ann. §92.103)
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

10. Texas requires landlords to make the following disclosures to tenants:
Texas required landlord disclosures
Texas requires landlords to make the following disclosures to tenants:
Domestic violence victim's rights. Victims of sexual abuse or assault on the premises may break a lease, after complying with specified procedures, without responsibility for future rent. Tenants will be responsible for any unpaid back rent, but only if the lease includes the following statement, or one substantially like it: "Tenants may have special statutory rights to terminate the lease early in certain situations involving family violence or a military deployment or transfer. (Tex. Prop. Code Ann. §92.016)
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

11. Texas requires landlords to make the following disclosures to tenants:
Texas required landlord disclosures
Texas requires landlords to make the following disclosures to tenants:
Tenant's rights when landlord fails to repair. A lease must contain language in underlined or bold print that informs the tenant of the remedies available when the landlord fails to repair a problem that materially affects the physical health or safety of an ordinary tenant. These rights include the right to repair and deduct; terminate the lease; and obtain a judicial order that the landlord make the repair, reduce the rent, pay the tenant damages (including a civil penalty), and pay the tenant's court and attorney fees. (Tex. Prop. Code Ann. §92.056)
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

12. Texas requires landlords to make the following disclosures to tenants:
Texas required landlord disclosures
Texas requires landlords to make the following disclosures to tenants:
Landlord's towing or parking rules and policies. For tenants in multiunit properties, if the landlord has vehicle towing or parking rules or policies that apply to the tenant, the landlord must give the tenant a copy of the rules or policies before the lease agreement is signed. The copy must be signed by the tenant, included in the lease or rental agreement, or be made an attachment to either. If included, the clause must be titled "Parking” or “Parking Rules” and be capitalized, underlined, or printed in bold print.) (Tex. Prop. Code Ann. § )
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

13. Texas requires landlords to make the following disclosures to tenants:
Texas required landlord disclosures
Texas requires landlords to make the following disclosures to tenants:
Electric service interruption. Landlord who sub meters electric service, or who allocates master metered electricity according to a prorated system, may interrupt tenant's electricity service if tenant fails to pay the bill, but only after specific notice and according to a complex procedure. Exceptions for ill tenants and during extreme weather. (Tex. Prop. Code Ann. §92.008(h))
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

14. Texas required landlord disclosures
Questions?

15. Gaylene Rogers Lonergan The Lonergan Law Firm, PLLC 214-503-7509
Texas required landlord disclosures
Gaylene Rogers Lonergan
The Lonergan Law Firm, PLLC
LonerganLaw.com
Copyright 2018, Lonergan Law Firm, PLLC, Gaylene Rogers Lonergan

16. Cathy Crowe

17. Frank Friesenhahn

18. Harry crowe

19. Judy andujar

20. Proper maintenance will preserve and increase the value of your investment
Systems for Preventative Maintenance
Maintenance Crew
Contractors
Vendor Relationships
Benefits of outsourcing PM and Maintenance
Tracking maintenance requests
Turnovers and Renovations

21. Kim stallings

22. How Claims Work

23. UH-OH!
So you Think you’ve had a claim?

24. Call your Agent to verify claim Call Insurance Carrier to Report Claim
What is the Process on a Claim?
Call your Agent to verify claim
Call Insurance Carrier to Report Claim
Meet Adjusters
Sign Loss Settlement
Cash a Check

25. Why Call my Agent? On site management
Policy may not cover all possible claims
There may be a sublimit or threshold amount
Deductible amount may make it unwise
Clue Report Impact may be unwise
Guidance on claim filling times and process
Processing Knowledge

26. Calling the Carrier…. You will get a claim #
You will be assigned an adjuster
The Agent may have to file your Claim
Varies carrier to carrier
Calling the Carrier….

27. Meeting the Adjusters 2 kinds of adjusters
Public
TPA(3rd Party Aduster)
Multiple Adjusters per Claim
Arrange for your Contractor to also meet you
Be Nice…Be Educated…

28. Loss Settlement Document outlining the Adjusters opinion of the claim
Explains the disbursements
Allows you to Contest
Execution of Agreement allows claim to start
Typically 2 checks (ACV & Recovered Depreciation)
Can request more for claim at the end-prove case/show records
Arbitration/Mediation/Subrogation
Loss Settlement

29. Co-Insurance Did/Should (is it >< or = to Co%) *Loss Amt – Ded
The Worst kind of Deductible! –Really a Penalty!
NIL, 80%, 90%, 100% of value or expressed as a price per Sqft.
Did/Should
(is it >< or = to Co%)
*Loss Amt
– Ded
Your Check…..
In Every Policy

30. Meet Adjusters Again Verify completion of work
Start argument if necessary for Additional Expenses
Agree on Closing Claim
Be Nice…Be Educated…

31. What is NOT a Claim? Pre Existing Damage
Damage not from a covered Peril
Old worn out mechanical systems
Exterior sewer pipes
Foundations
Damages under the Deductible
Damages that are over 1 year from Claim date
Damages under or over the Sublimit
Routine Maintenance Items
Damages when no Insurance policy is in effect and up to date on payments
What is NOT a Claim?

32. The Takeaways Your Insurance Your Claim Agents should assist
Be Educated on your Policy
Be Educated on the Process
Have Contractors with you
Don’t make Frivolous Claims
Be Aware of Co-Insurance

33. Everything Fits Together…….
Any Questions…..?

34. Investor Knowledgeable
Investor Friendly
Investor Knowledgeable

35. Register with code ALLSTAR for a 20% discount on Early Bird tickets
Register with code ALLSTAR for a 20% discount on Early Bird tickets.  Early Bird is almost sold out so REGISTER TODAY for our best pricing.  Text ALLSTAR to for Cathy's direct registration link and special price.

36. See you Apr 19th for the next meeting of the Landlord Investor Network!