All Forum Posts by: Shawn Faris

@Alex Bock

Mark your calendars for another Quad Cities real estate investing meeting on Tuesday March 19th 2019 from 6-8PM at the Stardust in downtown Davenport! We had a great turnout and an excellent networking event for our last meeting, lets see if we can keep this going. Whether you are a seasoned investor, new investor, or somewhere in between come prepared to meet new like minded people, share your knowledge, learn from others, and overall just have a great time. Please reach out to Shawn Faris or Alex Bock with questions.

Hey AJ. I’m with Jake on the rent. I don’t think this one rents for more than $900 per month. I don’t know that specific area of Davenport very well, but you may want to ask some more local people about it. Also, make sure your interest rate is accurate per a lender that you would use as I think as of right now it’s above 5%. Vacancy of 5% May also be a bit low for that area especially if you are going to be at the higher end of the rent range. If you chose to pursue this house, make sure you also figure out why it went pending and then came back on the market. 

Shawn

@Tara Kinney@Jay Thomas@Joshua Seeley@Jesse Clark@Catherine Cleveland@Jason Peterson@Cory Gamble

@Alex Bock@Justin Taylor@Jesse Burns@Cindy Descamps@Adam Hoelter@AJ Smith@Mark Hilgendorf

Attention Quad Cities Investors!!!! Mark your calendars for another Quad Cities real estate investing meeting on Tuesday February 19th 2019 from 6-8PM at the Stardust in downtown Davenport! We have a special guest; Chris Schneider who is the Vice President of Ruhl Mortgage and a local real estate investor himself. This is a great opportunity to learn more about lending as it applies to real estate investors. We had a great turnout and an excellent networking event for our last meeting, lets see if we can keep this going. Whether you are a seasoned investor, new investor, or somewhere in between come prepared to meet new like minded people, share your knowledge, learn from others, and overall just have a great time. Please reach out to Shawn Faris or Alex Bock with questions. Don’t miss this great opportunity to learn and network.

@AJ Smith Here are the details

I had a company that does large commercial painting contract work contact me in regards to some properties I have listed for rent. They would like to do a 6 month lease on 2 properties that I currently have vacant and they are looking to start ASAP. I am looking for some advice/thoughts from others on the tenant screening/background check for such a situation as I know many people do this. The company intends to be the one on the lease and to provide the security and monthly payments while 3 of their employees live at my rental. 

Questions:

- Do you typically screen each of the people living there?

- is it typical for the business owner to fill out application for themselves without any of the employees personal information? 

- Does anyone use a specific application/lease only for these scenarios?

- Do you screen the business owner?

- Am I missing anything here? It seems like a great opportunity but I am also not looking for another headache so I want to be sure it makes sense.

Any thoughts/advice would be greatly appreciated.

Shawn

@Alex Bock

Mark your calendars for another Quad Cities real estate investing meeting on Tuesday January 8th 2019 from 6-8PM at the Stardust in downtown Davenport! They have been so kind as to accommodate us for our meetings. We had a great turnout and an excellent networking event for our last meeting, lets see if we can keep this going. Whether you are a seasoned investor, new investor, or somewhere in between come prepared to meet new like minded people, share your knowledge, learn from others, and overall just have a great time. Please reach out to Shawn Faris or Alex Bock with questions.