All Forum Posts by: Neerav Patel

@Steve Babiak@Stephen White Thank you for your insight. 

After doing a research I found that Stephen's last comment is on spot. They want us to provide information that credit report is the reason we are denying your application and below is reporting agency that we use and you have a right to get that report from them.

Having our address in there or not in there does not make a difference.

@Dan DeMott I did use rentprep and I want to deny them based on info that I got from credit report. But letter you provided has area to put landlord's address.

Is that really needed? Reason for that is the applicant that I denied seems to have lot of criminal history and I don't want to give them my personal address info.

Thanks for your help

@Stephen White I did use rentprep and I want to deny them based on  info that I got from credit report. But letter you provided has area to put landlord's address.

Is that really needed? Reason for that is the applicant that I denied seems to have lot of criminal history and I don't want to give them my personal address info.

Thanks for your help

@Sylvia B.@Nancy P. Thank you so much for a heads up. There is actually law here in PA that stops landlord for charging more than 2 months rent as a security deposit

@Joe Splitrock thanks Joe for your input. So I ended up checking and confirming apartment address and checked on her drivers licence which did match for few yrs. Thanks for that tip.

@Llewelyn A.@Frank ChinThanks a lot for your help.

So I ended up approving her, but even though I told her that I can only hold place for 2 weeks after approval earlier(which she was fine before) , she told me she will only accept it if I hold place until her lease is up which is 1.5 months, which I declined.

I did got another applicant after that and they do seem promising. I will return to all of your wisdom , when I am again in midst of confusion.

I sincerely want to thank you everyone who participated and biggerpockets for creating this awesome platform

@JD Martin great insights. That questions puts things to perspective. Now since this is my first time, I did rentprep's credit check, not full credit report which just gave pass or fail result. Applicant did pass. Since I can't check missed payments, do you still recommend moving forward? and for future reference, can you recommend credit check service that you use?

@Josh AndersonThanks for Detailed response Josh. I really liked your concept about not declining but hiking security deposit. From searching online, I was able to verify from 2 different websites that she in fact works at that place with same position that she mentioned on application.

@Mitch MesserThanks for your input. So are you recommending that I should let tenant bug property manager to get back to me via phone?

@Caleb Heimsoth Thanks for update. Your recommendation is I should not move forward until I get info from past landlord , right?

And another question is, what if somebody else apply for property meanwhile? Should I still process their application and see who's info comes back first or wait for current applicant to finish landlord verification?

@Nicole A.Thanks for your input. just wanted to confirm her salary , permanent position or not, etc.

And do you have any recommendation about past landlord reference?

Hi guys,

Thanks a lot for all of you to taking time to help.

I am a newbie landlord  and just had my first applicant for my newly renovated first property.

She looks great on paper. She has a good high paying job and everything else looks good.

I also called to employer and past landlord and also bought Rentprep(background check company) package where they call to verify employment and past landlord as well.

But problem is she just lived at one apartment complex for 7-8 years and when I called them 2 times and left message, I am not getting any callback. Rentprep also called them 3 times but no response.

For her employment, I talked to person applicant gave me a number on application. She did confirm that she works there but can't disclose more info and I have to call corporate number. When rentprep called corporate number, they said according to their policy, they can not disclose this information.( She did provided last 2 paystubs)

Any advice in this situation? Does any of you had this problem before? How did you navigate to it?

Any help is greatly appreciated. 

Hi fellow BP members. Once again I am turning to your wisdom.

I am a newbie and my first rental is on market for rental right now.

I received an interesting call today from a property management company who exclusively deals with insurance claim people. So that agent had a client who was looking for 6 month lease while their fire burned house gets repaired. 

I told them because of HOA requirement of 12 months we can't do that and we hung up the phone.

But voice in my head told me to talk to them again and see if they can do 12 month lease.

So I did and told him that we have to do 12-month lease and they still will be liable after they leave until we have another tenant.

His counterproposal was, that we make a lease with his company for 12 months and they will pay me regardless of a tenant being there and they can rotate clients.

My concern was I don't just want anybody in my home and he said he will provide me with appfolio's tenant screening and when we give green flag then and only then they will move tenant. And they will be making sure that each and every tenant will be responsible for damages and so forth.

I told him I  am interested but need some time to think on it meanwhile he needs to get permission from his boss.

Does anybody has any experience with this kind of a situation? Any pros or cons that make it either awesome or worst deal?

Thanks for your time and input

@Nghi Le Thanks for reply. So are you saying get a regular bank loan, fix the property and then refi? That does sounds good , but can create a problem for rasing fixing money and sometimes might consider home as not livable and create problem for a regular mortgage. Is there something we can do in that situation?

@Brian Pinckard glad my advice helped you to get ahead for your deal. I love that part about BP , we can post a question and people's advice can help a lot.