All Forum Posts by: Bella Walsh

If you're not already, make sure you're running a comprehensive credit and background check. I use https://www.myrental.com/ to run all of my checks and I take advantage of their Tenant Score system to see how landlords in my area have handled people with similar credit/backgrounds. It's a not a surefire solution given that you want to focus on "C-Class" renters, but it helps me weed out a lot of the bad apples right from the start.

Other than that, like other people are saying, there are things you can do to raise your capital reserves, like pet fee/pet rent and requiring direct deposit.

It is now against the law in NY to run an eviction background check on an applicant and use it to decline their application.

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Well since you're in another state it's ridiculous for them to ask you to come do something that they can do themselves. Pay for the spray cans if you'd like, or call an exterminator (which you shouldn't need to) to take care of it

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People wishing for a recession to "get in on the market while it's down" are idiotic. A recession has tons of unseen consequences that can seriously hurt your investments

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Welcome to BP! I see tons of people on here from the chicago area that know what they're talking about

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Chicago, Illinois

Definitely looks like it has some potential, but you should go with a contractor experienced in rehab and renovation who can really tell you exactly what it's gonna cost you

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Originally posted by @Brian Adzadi:

@Ronnie Hutchinson

This is a business. Treat it like it. You are not dividing one of the bedrooms into two. You are adding a bedroom. Leave it the same and call it a day. You are the landlord. You can do what you darn well please with your property. If the tenants don't like it, well...there are other properties they can go rent from.

Besides, remember, you are about to add another individual to your property. So that means, more electricity usage, more water usage, more wear and tear. You need to be compensated for that.

You are the reason some landlords get such a bad rep. Him taking away one livingroom can violate the lease agreement and can leave him exposed to legal suit

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If I was a tenant, I would be annoyed that you are taking away one of their livingrooms. I think you should wait until lease renewal to make any changes.

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So excited for this!!!!!

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This is really good information. Thanks a lot for this.

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If you don't want to be managing properties that aren't yours than maybe you should tell him you changed your mind and it's not for you. Plus, mixing family and business can be bad news

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All Forum Posts by: Bella Walsh

Bella Walsh has started 0 posts and replied 19 times.

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