All Forum Posts by: April Adams

Question: Is it possible to advertise and screen tenants for a waitlist then refer applicants to the owner when a unit becomes available?

Originally posted by @Danny Plueddemann:

Hi Allen, Zillow also has a screening tool.

I'm not surprised that property managers are not interested in doing that as a stand-alone service.  There's a potential liability in regards to fair housing laws and I'm not sure what I would charge for it.  

 Hi Danny. What is it about this arrangement that could be a Fair Housing violation?

@Danny Plueddemann. Hi. Can you elaborate. What is it about this arrangement that may be a fair housing liability?

Hey Everyone. Do you know of a tenant screening company that allows the tenant to access their credit report & score and their eviction & criminal history and share it (electronically) with a tenant referral company and then share it with the owner?

Is ANYONE doing non-owner occupied HELOC's in Los Angeles or am I chasing my tail?

I was like you. It took me a while to figure out every market has its own investment strategy & you must match the strategy to the market. So it's good to know several investment strategies just make sure you spend an equal amount of time researching your market to determine the best strategy. For example: I'm in Los Angeles and IMO it's not really a buy & hold market because it's not landlord friendly, I detest rent control and it's very expensive. So in Los Angeles I invest in flips.

Stay away from Los Angeles!!!!!!!!!!!!!!!!!!!!

That's was my situation exactly. Drove me crazy but in retrospect it wasn't THAT bad. 

Originally posted by @Kenneth Garrett:

I have a tenant who I have had for 6 months into a 2 year lease.  He has never paid on time.  I have to send messages every month about him being late.  He always pays around the 15th of the month (2 weeks late) with a cashiers check and a 5% penalty.  I would prefer to have him pay on time but I'm living with his lateness.  In reality I end up with more revenue this way, it just drives me crazy.

I feel everyone's pain.      

I can't think of anyone. You can always join a local credit union and apply or get some credit cards.