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9 October 2024 | 12 replies
Did you use a state-approved contract (if applicable in your area)?
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8 October 2024 | 5 replies
Also, the LLC does NOT eliminate any personal liability on the next loan application which is a popular selling point by ill informed DSCR brokers on this board (but they rarely mention the higher financing costs that come with financing in a LLC) IMO, proper insurance coverage is a better choice.
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8 October 2024 | 0 replies
Whether it’s through customer databases, CRM platforms, property management software, or digital marketing efforts, real estate companies routinely gather personal and financial data for sales, leasing, and property management.
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6 October 2024 | 1 reply
Project Management Software: Implement software like Asana, Trello, or Procore for managing multiple construction or renovation projects simultaneously.
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7 October 2024 | 3 replies
I personally use property management software to keep everything organized and it has saved me a ton of time.Following these steps will set you up for a successful room rental experience.
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7 October 2024 | 4 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
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2 October 2024 | 6 replies
We process nearly 1,000 applicants per year and rarely have criminal problems.
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7 October 2024 | 4 replies
In connection with its duties, Qualified Intermediary shall be protected for acting or refraining from acting upon any written notice, request, consent, certificate, order, affidavit, letter, facsimile, email or other communication or document furnished to it under this Agreement and to have been signed or sent by Exchanger or any of its officers, attorneys, or other representatives, provided, however, that any instructions relating to disbursements of funds shall be subject to the provisions of Section 3.4 above and the Disbursement Instructions shall be signed by the taxpayer or submitted by the taxpayer online via the Software."
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7 October 2024 | 5 replies
Plus, I would vet the tenants with a background check, application, etc to weed out murderers.
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8 October 2024 | 22 replies
I recently accepted a prospective tenants application for one of my rentals.