All Forum Posts by: Veronica Crass

These replies have all been super helpful! Thank you all :)

Is anyone familiar with this Lead Safe Program for Cleveland? 

Our property management company for our duplex in Cleveland told us that "the city says that the property has to be lead compliant." Apparently there is a program called "Lead Safe Cleveland," and if we ever need to file an eviction, our property needs to be lead safe certified. 

Our PM company has quoted us $2,800 for Lead Testing!!

We purchased the property in September and are unsure of whether or not the previous landlord had it tested. Wanted to reach out to the BP community and see if anyone else has done this and how much it cost them before we fork up this much. Thanks!

@Susan Mangan wow, this is a great breakdown, and it makes total sense! Thank you so much!

@Susan Mangan just curious, what made you decide for 6x for the cosigner?

@Melanie Thomas thanks for the input! :)

@Jeff Copeland thank you for your input! We are still new to real estate investing, and this is our first property. We are still in the learning process, so I looked to the BP community for input as this is a great community to help us learn and grow.

@Benjamin Aaker thanks for your input! I was thinking about the additional security deposit, so thanks for confirming that it's a possibility.

@Joe Miller thanks for your input, will definitely do more digging on the father as well! 

Hi everyone,

What are your thoughts on renting to this couple in this situation? They meet all our criteria except for their credit scores...but the cosigner has a good credit score.

- Joint application with Co-signer

- Male age 25 and female age 24, Co-signer is male’s father age 70

- Male and females combined net monthly income is $3311 (4 times the advertised rent of $750); the co-signer brings an additional income of $2469 to the table

- The male is just starting a new job with Amazon as a warehouse associate and the female is a custodian at a healthcare facility, with the employer just under a year. 

- They moved back to Ohio from Florida in fall of 2021 to be closer to the male’s family

- Cosigner lives 3 houses down from this property

- Credit scores: male and female applicants’ credit scores are terrible, at 499 and 449; co-signer is good at 745

- No evictions for anyone, No criminal record for anyone; No pets

- Male and female have 1 dependent

- Move-in asap

Would love to hear opinions about this unique situation! Thanks!

@Nicholas Salman thanks so much! :)

Yes, of course @Aj Parikh, I'll connect with you now!

@Lyndsay Zwirlein yes absolutely! I'll DM you :)

@Tyler Haanen ahhh so exciting! Yes that would be great!