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13 August 2024 | 69 replies
I think no one should invest with anyone who doesn't put 20-30% of the capital in themselves as a step 1 screening.
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11 August 2024 | 5 replies
Click on your profile photo on the top right corner of the screen, this will take you to your own profile.
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11 August 2024 | 0 replies
I have no need for the rent collection or tenant screening as this is a function my property manager does for me.
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11 August 2024 | 5 replies
New laws just make proper screening so much more important.
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12 August 2024 | 10 replies
I think screening will be your best friend if you go this route to prevent the most headaches. 2) I'd say the biggest problem renting by room is potentially laws about unrelated persons living in same household.
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11 August 2024 | 16 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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11 August 2024 | 4 replies
I would start the whole process over with the tenant - application, screening, and approval.
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9 August 2024 | 16 replies
Oh, by the way, each 25% includes a free 7 night vacation at the resort (or broken up nightly) with all on site amenities included.
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11 August 2024 | 12 replies
I’d take this as a lesson learned and put more emphasis on the tenant screening process moving forward.
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14 August 2024 | 134 replies
I think any list of bad sponsors needs to be broken down into two categories: 1) Inexperienced sponsors that got caught up in a rising interest rate environment, and 2) Bad sponsors that are either acting malicious and/or greedy.There are many many many sponsors, particularly those on BP and raising capital on social media, that fall within the first category.Category #1 - Inexperienced Sponsors:Ashcroft, Opendoor, Elevate, Western Wealth, Tides, ZMR, GVACategory #2 - Malicious/Greedy sponsors:Appleway, Nitya, Rise48, any "fund of fund" sponsor that's come out of Rise 48, Grant Cardone, Affinity, Nightingdale, Rockstar CapitalThis is just a short list but I think it's important to protect LPs.