All Forum Posts by: Jennifer Fernéz

Hi all - I have my first long term tenant and need to draft up a lease agreement. What are essentials to include? If you have a lease and willing to share I’d love to see that too.

0 Votes

Allentown, Pennsylvania

Quote from @David Ondrich:

Here's a link to my company's application: https://northstaronline.managebuilding.com/Resident/rental-a...

We use Buildium as our software service. A lot of it is the standard Buildium application, most of the extras I put in there after reading Landlording on Autopilot by Mike Butler.

Application fee needs to cover all your screening costs.

Thanks! I'm using Buildium's free 15 day trial. I like it a lot. How many rental properties do you own? I only have one right now, so the monthly subscription is a bit hefty for me. However, I absolutely love the interface. You're application looks awesome. Why did you add vehicle information? Do you require renters insurance?

0 Votes

Quote from @Obed Calixte:

There are a ton of free tenant applications online and through property management software companies such as turbotenant, rentspree, zillow etc.

You will want your application to meet any state specific guidelines (if applicable).

For your question on background, credit checks etc - what is customary in your area? And more importantly did you disclose ahead of time to the applicants there is a charge?

In my office - applicants cover the fee entirely.

What is your fee?

0 Votes

Is anyone willing to share a template for the application they give tenants?

Also, the transunion credit and background check is almost $50 per person. Do you pay all of it, some of it, etc?

Just starting out. I’ve had about 15 people inquire about my new property, and of those I want to send an application to 3 so far.

Thanks!

1 Vote

Hi All!

Former teacher here. I like to have my paperwork pretty, neat and efficient (Im thinking about getting an application ready). Bonus points if I can incorporate technology to streamline applications. Does anyone do an online application? If so, what do you use?

I just landed my first property (woo!) and getting ready to rent it out. I listed it on facebook marketplace and had several inquires. As soon as I close on it (next week), I'll list it on Zillow as well.

I spoke to a lot of unqualified candidates, but I also spoke to some good ones, and I'd like for them to fill out an application. What methods do you use to streamline your process?

Throw it at me!! Thanks!

Jennifer

0 Votes

Quote from @Jaycee Greene:

Quote from @Jennifer Fernéz:

Hi All,

I just got a home in West Reading, PA under contract for $252,000. It's right next to our areas biggest trauma hospital within a 1 hour radius, and plan to do a medium term rental with it. It's pretty much turn key.

My credit score is around 720. I have around $5K/mo in income. Can anyone help?

Hi @Jennifer Fernéz! You'll probably get a lot of people that can help, especially with a FICO north of 700. But you're probably going to have to put down anywhere from 15%-25% + closing costs. How much will the average monthly rent be?

It's the closing costs I'm trying to figure out. I was quoted like an 8 something rate with $20K in closing and 20% down.

0 Votes

Hi All,

My credit score is around 720. I have around $5K/mo in income. Can anyone help?

5 Votes

What kind of rates would a 30-year conventional loan get with a borrower with 720 credit score? I just got a property under contract. It's right next to our hospital, and I plan to make it a medium term rental.

1 Vote

Allentown, Pennsylvania

rental. West Reading

0 Votes

Quote from @Salvatore Ross:

When it comes to finding the perfect property to manage/co-host, what’s on your must-have list?

location. It's that simple.

Doesn't hurt to have real hardwood floors and A/C as well.

1 Vote

Miami, Florida

All Forum Posts by: Jennifer Fernéz

Jennifer Fernéz has started 57 posts and replied 147 times.

Post: Please share your lease

Post: Please share a template for your application

Post: Please share a template for your application

Post: Please share a template for your application

Post: Just starting! Have a couple questions for the tech gurus out there.

Post: Looking for the best loan and terms!

Post: Looking for the best loan and terms!

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Post: Looking for a lender !

Post: Ideal Property to Manage