All Forum Posts by: Charles Large

Thank you @Jeff Willis and @Sam Horton. Interesting points.

I have zero experience with this subject. Will a tenant pay more for having this "free" service?

Very interesting subject! For lower-end properties this might be a great solution!

What if  I advertise property this way;

1. $x bi-weekly (like used-car dealers for no credit people).
2. Two-week free rent move-in special.
3. One-month security deposit instead of a lower amount.

Just a thought.

Hello Boone! Thanks for the offer. I will contacto you.

 Things are going from bad to worst in Mexico. I had to be very creative to unload my properties.

Thanks for the comment!

 Thank you!

Hello Tyler. Mexico´s "Buro de Credito" is very similar to the Credit Bureau in the US. Have your prospect email you a full report which will be in Spanish but will be understandable even if you don´t speak de language (you will find red "x" or green "checks").

People in Mexico are used to paying a full month of security deposit + providing a co-signer because it is a standard procedure.

I would also run a standard screening, but keep in mind that if they are new in the Country, this may have little to no information.

Good luck and feel free to reach out with anything Mexico-related.

Here´s what I do:
1. Spend more time on the phone asking qualifying the prospect and weeding out the ones that do not meet my standards.
2. I always post a showing date and time in all my ads.
3. Show two hours only and by appointment only and confirm the day of the scheduled visit.
4. I don´t mind if two or more prospects show-up at once.
5. Most importantly, if a prospect shows interest I ask for a $50 non-ref deposit right there and then which goes towards application fee (screening) and their security deposit if they qualify. 

Hello everyone! 

I´m an investor based in Mexico City, Mexico.

Since Mexico´s economy is doing terrible, after loosing aprox 24-30% of the value of my apartment buildings and houses (no mortgages, thank God!), I am relocating assets to South Texas.