All Forum Posts by: Deborah R.

I'm in Tampa.  Not sure about the area you'll be in.  But I've been very pleased with our Tampa appreciation.  

I'm a physician in the community I invest in. I know they could look up who owns the LLC, but most won't.

 I wonder if my casual, friendly style may not be viewed the same if they have negative preconceived notions of "rich" doctors.  If they google my name, the whole first page shows I'm a doctor. 

Thanks for your time!  

Question ... need help... I have operated our 3 rentals under a "company name". The properties are all in my and my husbands name and we sign all legal agreements, but I've put that company name on letterhead and as watermark on photos of properties and have a gmail account with that name. I've not opened an LLC or tried to make this company name official because I don't believe I can put any of the properties into the LLC (currently have bank mortgages on all). I want to maintain some separation and anonymity from anyone who browses our homes online or comes to a showing due to my full time job (higher liability, lots of contact with the public). But obviously our tenants will know our full names. So.... can I use this company name on a website and Facebook page? What should I do? I'm looking to expand and my goal is to acquire 1-3 more properties in the next year.

Sorry, thought I could add a photo from my app, but couldn't and wasn't near my computer.  I found someone to fix it.  It was a tiny spurt of a leak; so, that is good.  I think my husband knicked it when he did the weed eating.  

Thanks, everyone! 

How do I get this fixed? Plumber? Duct tape? 😆

Small leak from pipe outside my 2013 house. Likely knicked by my husband weed eating.

Thank you everyone!   That is what I felt, but wanted to verify!   I will send them the denial letter and let this worry go!   

This is what my qualification standards says.   To me, this doesn't show a pattern of responsibility.  It's painful because I'm new at this and want to just approve them.  But then I'll always worry about them not paying. 

• Applicant must exhibit a responsible financial life. Credit score must be a minimum of 600.

• Applicant’s background check must exhibit a pattern of responsibility.

Hi, I'm newer at this.  I have written minimum requirements for renting our houses that I share with prospective tenants which includes ">600 credit score.  Pattern of financial responsibility".

This couple sent me an application.  They meet the income requirements and credit score.  However, when I look at their credit report, it scares me as a landlord.  

He makes close to $60k/year before taxes. Has almost $30k in revolving debt and is very close to credit limits and sometimes goes over them. Has about $700 in collections.  Just tried to open a bunch of new credit cards 5 months ago; those he did open are now close to credit limit.

She isn't making much money because she's studying for her bar exam in two months. She has $9000 in collections from college student apartments in 2018.

Although they meet the credit SCORE requirement, is it OK if I deny them because of these other details?  Or am I overreacting?  Rent for this home is $1990/month. 

Thanks for the advice!  

We have a rental available close to a military installation.  A military couple (engaged) wants to rent. significant other doesn't have a local job.  She will be taking her bar exam first month they live here.  They don't meet income requirements until she gets a job.  I should deny their application, right?  

I am considering buying a large lot with a rental house on it.  

Is there a way to generate income from the large lot while tenants are living in the house?  

 The lot is 1.2 acres with access from two different streets.  The value is in the land.  If we buy this it would be with the plan to tear that house down and build our dream home in 5 years.  The house on the property won't rent for that much.  Trying to figure out if there is a way to make some more money on the property for it to make better financial sense.  

Thanks!