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31 January 2025 | 6 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
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17 January 2025 | 6 replies
One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.
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25 January 2025 | 7 replies
I disagree with you regarding materials, however.
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26 January 2025 | 17 replies
Assuming that continues and you manage your properties competently people will think you are way smarter than you are in 10 years.
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17 January 2025 | 5 replies
I individually priced all my materials and got several estimates from contractors.
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4 February 2025 | 2 replies
However, the implementation of tariffs, or just the threat of tariffs, is likely to influence rates, by impacting inflation numbers, and this influence may come quickly if prices for many common goods and services and raw materials rise in anticipation of tariffs, or in response to their implementation. - Put downward pressure on demand: I personally believe it is unlikely that Trump actually deports millions of illegal immigrants who have settled in the United States.
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20 January 2025 | 1 reply
Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.
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6 February 2025 | 13 replies
To qualify, you must meet material participation rules (100+ hours and more than anyone else) so that rental losses can offset active income.
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3 February 2025 | 9 replies
Maybe an investor is flipping a lot of properties and you could offer to pick up and deliver materials to his crews, clean the work sites every night, bring his crew lunch, or whatever.Find a way to make yourself useful to them, and they will reciprocate.
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15 January 2025 | 8 replies
@Tammy Elias The lease is tied to the property, not the management company.