All Forum Posts by: Tracy Streich

Try the National Association of Property Managers.   You can google NARPM and find a PM in your area.  If you are just looking now finding a good PM in the area can help because they can steer you away from deals that may look good on paper but not in real life.   Also they may have some current owners looking to sell property and they already will know how those properties perform. 

How much is their rent and deposit?   If you are evectimg for non payment I would assume most of the deposit will go towards unpaid rent and eviction cost.   Typically when we evict for non payment they get $0 back on the deposit 

 So on a deal like this I asked myself how good is the deal for the additional risk. If you have a lot of margin then maybe you go ahead and not worry about the security deposit. However this is not something you worry about after you close    You need to have this figured out prior to closing. If he has the relationship with them he needs to approach them to sign a lease prior to closing. If he's not willing to do this or they're not willing to sign this may be a red flag of warning to you 

I agree with the above.  You are required to give an itemized deductions list to the tenant.  Why not have it professionally treated for fleas.  Then you can provide that receipt as a deduction 

You don't.   You are discriminating based on familial status.   You make the lead based paint disclosure and they sign it and accept that or maybe they choose not to rent because of that.   You cannot choose to rent to them because they have small children.  

They will need to use what ever payment method your new PM uses.  Many times it is specific to the software used by the PM

Be very careful. You cannot charge a pet fee or deposit for a documented therapy animal. It is very easy to get the documentation. If they are documented they are not considered pets and you cannot charge a pet or animal fee. There are plenty of attorneys on her side of this that love to take on HUD lawsuits. You can deny them for something else but you cannot just make up something random. It has to be consistent across all your applicants.