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All Forum Posts by: Patrice Ward

Patrice Ward has started 2 posts and replied 15 times.

Post: How I added over $750,000 in value in 18 months of ownership

Patrice WardPosted
  • Rental Property Investor
  • Boise, ID
  • Posts 15
  • Votes 5
@Henri Meli Great Job!!

Post: How to Screen International Student

Patrice WardPosted
  • Rental Property Investor
  • Boise, ID
  • Posts 15
  • Votes 5
@Matthew John Considering this new bit of info then, yeah I'll pass. I know what it's like to be passed over because of no history being new to the country however, I know there are those who are willing to provide whatever necessary that will satisfy in lieu of Social for example savings to pay for the duration of the lease etc. But yeah, he should have either that or the other number mentioned.

Post: How to Screen International Student

Patrice WardPosted
  • Rental Property Investor
  • Boise, ID
  • Posts 15
  • Votes 5
@Patrice Ward forgive my spelling... rushing to work.

Post: How to Screen International Student

Patrice WardPosted
  • Rental Property Investor
  • Boise, ID
  • Posts 15
  • Votes 5
@Matthew John You can always ask for a month or 2 in advance. I know of a situation where this family was asked for 6 monyhs and negotiated 4 months upfront. At the end of the day no matter how their past looks it's not entirely indicative of their future. It helps ofcourse but not indicative. People could be paid well sign a contract and then for whatever reason 8 months doen the road they had to takr a financial hit in salary or let go altogether. Make their contracts shorter 3-6 months and monitor that way. Allow them to build credit with you so to speak and then graduate to 1 year lease. That way if it does'nt work out then you could don't have to renew. Advice a bit unconventional but might help.

Post: PM ordered $3k of yard work w/o my knowledge.

Patrice WardPosted
  • Rental Property Investor
  • Boise, ID
  • Posts 15
  • Votes 5
@Carly M. Hello! I am very sorry to hear this. It was a shock I'm sure. Before I would allow my PM to execute anything on my behalf, I would ensure a work order would have been prepared and sent to me for review along with quotes( not estimates) and I would then ensure that along with the work scope was within my budget. I would ensure my PM would have provided atleast 2-3 lanscaping quotes. I would would have decided whether or not I was prepared to do it all at once or in stages according to my budget. Talk to your PM to request that work orders be sent and approved prior to it being done. Yes, to them it may be a tad of a hold up/bottle neck because they have to wait for you to approve but if you ensure that you review and approve or decline within say 24-48 hours that should help your PM to maintain your property with efficiency and in excellence without running your expenses too high in an untimely manner.