All Forum Posts by: Marc Belisle

Ok thanks all. 

Hi all,

Four our rental property we have used the strategies frequently posted on bigger pockets to locate and screen appropriate rental candidates. Now we must make our selection from the cream of the crop who have met qualifications and passed background checks. 

It’s a hard choice. When you select one, how do YOU notify the other candidates that they haven’t been chosen? If five people all had the right income, steady job, no evictions etc what’s the best way to notify the others?

We used SmartMove and they have a form letter saying someone else has been selected but we wanted a more personal touch. 

does anyone know if there is a way to block or remove the “request tour” feature on Zillow for your rental listing? 

We put the house up on Zillow tonight and somebody wants a tour in the morning. We are not giving individual tours. We are having open houses where all applicants may come who have been pre-screened by us. 

My wife set the house ad up and couldn’t find a way to remove the request tour feature. 

So you would just state the 3x the rent in gross monthly income straight in the ad, right? Just to save waste of time phone calls for the applicant to then discover that they don't make enough money....

Thanks

Hello fellow landlords. I would like to know how you make it known when advertising or screening tenants that the applicants must make three times the rent in monthly income. From reading over this site I have noticed this seems to be a general rule of thumb in order to weed out applicants who probably don't make enough to safely afford the rent. 

We just started renting our second home a year ago, and the first time we used a property management company -- this time we intend to try on our own. Also what is the BEST way to verify income? 

Thank you

@Alexander Zurn sounds great. I'll take a look. Thanks. 

Hello,

I am studying and comparing properties in various parts of the country. I use rent-o-meter (as much as it will let me for free) and craigs list rental listings to see going rates for rent. Are there other tools/sites you out of state investors use that you would recommend.

https://spotcrime.com/tn/memphis/parkway+village-o...

i put in the address in spotcrime and it shows 7 assaults, vandalism and burglary all within a couple minutes walk since May 10. Only one of the assaults was on Chesterwood, the others were across the street. Hmmmm.

@Amy Wan yes this state is EXTREMELY anti-business and very high tax, tons of burdensome regulations. It will prob be a long time until it's available here. 

Thanks Ian. You said those sites are for accredited investors. I am not an accredited investor. Groundfloor and some of the others for non accredited investors have some short term loans to people doing BRRRR that end in 6,9, or 12 months that investors can help fund. I would invest in those. I wouldn't tie my money up for 3-5 years, definitely couldn't do that!

I'll have to keep looking. I just want to let my money grow while I save up more. A CD at a bank is a waste of time as I see it with the return lower than inflation.