All Forum Posts by: Sergio V.

Pretty much the same here. No yellow letters in my case.

Mindi Jensen, I am in the Boston, MA and the situation is identical

I had a similar situation to Michelle's. A potential tenant with a trust fund and no income wanted to occupy the largest apartment in one of my buildings  (a 3-bed, 2-bath) which was also the most expensive at just shy of $3,000. I talked to the person administering the trust and they provided proof of sufficient funds for the duration of the lease (over 12 months).

I ended up accepting him and there was never any issue with the rent - the trust wired it in like clockwork 2-3 days before the 1st. Unfortunately, the tenant was not a high quality one and proved to be less than a perfect fit in the building which has all families on the other floors. I ended up not renewing their lease but that is also because the area supports A+ prospects and there is always demand from fairly high income prospects.

As in all situations, do your due diligence and screen, screen, screen.

Hope this helps

Nick

1) South Boston - direct mail

2) Newton - MLS

Speaking of direct mail, what is everyone's favorite source of leads? What criteria (equity, occupancy, foreclosure status if any)?

Sergio