10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?

13 October 2024 | 23 replies
Aside from all of the systems that lenders use to find undisclosed debt, one of the questions you'll be asked on the URLA/1003 (the application required for all primary residence mortgages) is basically "Are you responsible for any debt besides what we have already found?"

9 October 2024 | 10 replies
If you click on the individual owner page there is an error but you can still submit an application to list and you can still see listings so there is nothing indicating that they are stopping operation that I could see.

8 October 2024 | 0 replies
Tech and AutomationProptech Trends: Automation tools, including property management software, dynamic pricing algorithms, and remote monitoring, can help streamline operations, especially for mid-term rental properties with frequent tenant turnover.Digital Marketing: A strong online presence and effective digital marketing strategies can boost visibility and help you attract mid-term renters.

7 October 2024 | 1 reply
How do you screen tenants when applicant is a company?

7 October 2024 | 5 replies
Have your systems and processes in place to have the business become increasingly more autonomous (cleaning, pricing, property management software, automation, etc).

6 October 2024 | 8 replies
I personally think these sheets are better than what I’ve seen on commercial software primarily because I built them from an investor’s perspective based on our priorities.

7 October 2024 | 1 reply
Great news for the local investors, bad news for the California absent landlords (our software catches/filters by property location and borrower primary residence, there might for example be a lender in California that lends nationwide but requires the borrower to live in their 3-county footprint, and every other configuration of that you can imagine).

7 October 2024 | 3 replies
Most PM software allows multiple owners and once set up, automatically splits everything.We once managed a property with ELEVEN owners!

8 October 2024 | 3 replies
I think it's an added benefit if you have an applicant that has a Tesla.