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29 July 2021 | 8 replies
Poor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before a property is marked pending.
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6 October 2022 | 14 replies
Tenants in common is a bit unusual in case of syndication.
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26 September 2022 | 2 replies
@Jason VelieAs unusual and unfamiliar as it is to most people, seller financing can be a helpful option in a challenging real estate market.
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11 October 2021 | 8 replies
Our design fees were very very (unusually) low, our contractor had a 15% markup, and we did the second half of the work ourselves.
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25 September 2021 | 10 replies
It’s not an unusual drain, just typical pull up and turn 1/4 turn to make it stay up.
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5 November 2022 | 17 replies
In Houston, 40+ days of no qualified rentals is very unusual depending on the location.
23 November 2022 | 19 replies
It's really that simple.As for taxes, that's an unusually large hike for IA.
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18 November 2022 | 22 replies
Why this unusual business model?
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30 June 2022 | 161 replies
That said, bullet holes in the window or other parts of the property is usually a sure sign of unusually interesting activities in a neighborhood; but there are still investors making money in those areas just with different sort of headache or risk.