All Forum Posts by: Jeremy Seib

@Ryan Swan The last thing I want is the Fair Housing Authority breathing down my neck. I will just keep it fair and consistent across the board and let the facts or lack thereof speak for themselves. I found a check list/point system here on BP that I can use as a platform for screening. I will have to incorporate that into my screening process so I have proof. I also have an application denial form with the reason for denial that I could incorporate. Its based on facts from the screening process. Great idea on the social media check. Thank you.

@Chris Gawlik I am in the same boat. My properties are about an hour and half from me, I work full time and support a family of five on one income. Screening over the phone then setting a day for showing as @Brianna Schmidt suggests could be a good combonation. Adding the surprise visit analysis seems to be a good option to add based on their location and my time limitations.

I just closed escrow on my first two SFR that I am turning into rentals. After 4-5 years of analysis paralysis, I finally took the advice I read and heard on BP and the BP podcasts. You learn more by doing. So now I am doing. I have joined the AOA (Apartment Owners Association of California) to gain additional support. Now that I have all these people calling, what advice do you have when it comes to screening tenants prior to the application? My first instinct is that if I can't hold a conversation because their speech is so bad (non-language barrier) I should automatically disqualify them based on a phone conversation. The second thing is to make sure they meet my income requirement, credit checks etc. Any advice with tenant screening would be appreciated.

Just be careful. I'm embarrassed to say, but I am an up sale victim as a result of "boot camps" and "Seminars". I was told I am not investing because I won't pull the trigger. Then when I asked for help, I needed to prove myself first by spending some more money for education/products.The information provided was engaging and exciting. My suggestion for what its worth, find your niche like Marcus said. Like many have said, Network = Networth. Hit BP hard for past suggestions and network in your area to find someone that is doing what you want to do every day. Try http://www.nationalreia.com/ also for a start into analyzing REI clubs. There are many, but not all are equal. So do your home work before deciding to fully commit your hard earned money to anything.

I would definitely check with the City and always pull permits if your going to convert anything into more than what it was originally intended. My mom is a Code Enforcement Officer. She has numerous stories of homeowners, neighbors and renters coming to the City with complaints or needing help just to turn around extremely upset. The new house Mr./Mrs. New Homeowner bought with that garage conversion is illegal. Now the place has to be torn down back to a garage at his/her expense. Now they sue everyone ever involved with the un-permitted improvements. Long story short, get permits, check zoning requirements etc. It will save you in the end. Good luck and welcome to BP.

Hello everyone. My name is Jeremy and I am located in the Long Beach area of Southern California. I ashamed to admit, but I have been a subscriber of BP for some time and I am just now getting around to introducing myself. I also have been listening to the BP podcasts for a long time. Like many new people I have been a victim of paralysis by analysis. I found myself wanting to do everything and wound up doing nothing. I have finally narrowed my focus down to Buy and Hold. My real estate experience is minimal. I have a good friend that is a Real Estate Agent and I have been helping him locate property owners needing or wanting to sell for a small finders fee. He is also teaching me about the various contractual obligations in California Real Estate. I am currently studying for my real estate license. I have experience in construction but I am sure not an expert at it. The areas I can say I excel at is leadership, team building, problem solving, and multitasking. I pride myself in finding flaws in processes and making them better. I am hoping to network with other B & H investors new and experienced. Thank you for taking the time to read my post.