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All Forum Posts by: Bruce Yi

Bruce Yi has started 6 posts and replied 16 times.

Post: Applicant with eviction

Bruce YiPosted
  • Posts 16
  • Votes 6

Thank you all for the prompt and insightful advice!

Post: Applicant with eviction

Bruce YiPosted
  • Posts 16
  • Votes 6

@Gustavo Delgado what's a reasonable additional deposit?

Post: Applicant with eviction

Bruce YiPosted
  • Posts 16
  • Votes 6

I have an applicant with an eviction from 2019. He has since restored his credit (740) and has stable employment. What measures can I put in place to reduce my risk as a landlord? What questions should I ask during the screening?

Thanks in advance for your feedback.

Post: Should I wait until 2025

Bruce YiPosted
  • Posts 16
  • Votes 6

Great feedback from this community as usual. Thanks for the insight. @John Morgan, are there particular areas of Arlington, Ft.Worth & Grand Prairie that I should focus on or stay away from?

Post: Should I wait until 2025

Bruce YiPosted
  • Posts 16
  • Votes 6

Hi BP, looking for LTR investment properties in the DFW area. Would y'all recommend waiting until the spring of 2025 when more renters are house hunting or buy now & try to lease during the impending cooler months?

Post: Vacancy and Demand Metrics/Indicators

Bruce YiPosted
  • Posts 16
  • Votes 6

Hello BP, Is there a metric, tool or indicator I can use to determine vacancy rates in a specific area before buying a rental property? What tips do you have to determine if a property will reasonable rent quickly in a given area at market rents?

Thanks

Thank you @Theresa Harris and @Nathan Gesner. I appreciate the prompt and actionable feedback!

Hi, my tenants just moved out and the property is a complete mess to the point where a full rehab may be needed. The security deposit is approximately 10% of total repairs so it won't cover most of the damages. What's the proper course of action?

Thanks in advance.

Post: New investor in the DFW area

Bruce YiPosted
  • Posts 16
  • Votes 6

@Bruce Lynn any insight on the Arlington and HEB area?