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15 June 2024 | 7 replies
Verify all permits for add ons.7.
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15 June 2024 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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12 June 2024 | 3 replies
I find it beneficial to communicate my screening criteria to potential clients before they arrange a viewing or submit an application.It is useful to directly verify information with employers and landlords.Make sure to follow both your state regulations and the Fair Housing Act.
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15 June 2024 | 30 replies
I would give them suggested vendors, a consequence for failing to complete, a deadline to complete the work, and notice that I will inspect to verify the work is done to my satisfaction.After notifying the tenant, then I would contact the owner (phone or email, depending on their personal preference and my time) and let them know what happened and how I'm addressing it.
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15 June 2024 | 15 replies
Verifying last 2 years of rental history very important!
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15 June 2024 | 11 replies
If you choose to proceed, I recommend verifying the source of the funds as it could be tied to a specific type of compensation.
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14 June 2024 | 8 replies
The process of finding a tenant is identical to finding a traditional tenant: market, vet prospects and choose your tenant.
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14 June 2024 | 17 replies
They may need a notice to quit their services, which may include listing. better to follow up on documentation to verify.
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13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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13 June 2024 | 4 replies
They are very strict when it comes to verifying experience.