All Forum Posts by: Mike M.

 I talked to RentSpree support and they don't offer this anymore, here was their response:

Hello Michael,

Thank you for taking the time to contact RentSpree! In regards to your request, at this time RentSpree does not document the SSN/ITIN on any applications or reports. However, on the application there is a section for the applicant to document the information of their Driver's License which is stored on the application. For more information as to why the SSN is not documented, click the following lin:

Does SSN/ITIN display on Application and Tenant Screening Reports

If you need further assistance, please don't hesitate to reply. You're also welcome to call us at 323-515-7757. Our team is available to assist Monday through Friday from 7:00am-5:00pm PST as well as Saturday from 8:00am-12:00pm PST.

Have a wonderful rest of your day!

Warm regards,

Nikhail (Nick) Martin

RentSpree Support

(323) 515-7757

www.rentspree.com

 Jasmin, did it show you the tenants full social? Thank you!

 Thanks LeeAnn! So the RentSpree rental application will show the landlord the tenants social security number in full? I want to make sure i have all of the relevant information in order to go after them, should it be necessary. 

Hey guys. Trying to move away from my hard copy forms, issue I’m having is a lot of the tenant screening websites don’t provide the landlord the full social security number. Most redact the social, and for me this isn’t enough in the event I need to seek a judgement. 

So what websites can I use or ideas do you have for an online rental application that provides me with a copy of their ID and social. 

Thank you! 

Anyone have a good recommendation on an insurance broker that covers AZ? 

Yeah agreed that equity does not what cash flow. In my scenario or question the cashflow metric will change a little due to the new mortgage amount (principal payment and interest).

Regarding your equity comment can you explain more in depth? Not sure I completely follow. You would take the cash out amount as your new denominator? Can you provide an example. 

How are you guys calculating your cash on cash return after you cash out refinance once or twice. After initial acquisition of property its easy at:

Excess annual cashflow / initial equity injection 

So let’s say you guys a property:

$100,000 down on a $500,000 property, resulting in a $400,000 loan with the property throwing off $10,000 a year in excess CF after all expenses and mortgage payments. That’s a 10% cash on cash. 

Two years later you refinance, new value is $650,000 and you refinance at 80% LTV. Therefore new loan amount is $520,000 with $130,000 left in equity.

After you refinance is there a best way to calculate cash on cash correctly in this new cash-out scenario? Essentially in later scenario you’ve pulled out all of original cash injection monies 

What website do you use to pull a background check? I would love to find a site that provides litigation history if possible. Thank you!

Hopefully someone can help me understand this, as it’s a delicate balance. I’m incentivized to deduct as many legit expenses as possible to lower my tax liability but on the other hand this may hinder how a lender views my debt to income.

Is there a best way to look at this on each property? I would hope they add back interest and depreciation- so should I have that net income number (after adding back interest and depreciation) be 1.25x of my mortgage principal and interest?

Thank you

FYI this is for residential lending