Hello all, I have a prospective tenant for a rent by room strategy, we're in initial stages (he hasn't officially filled out the application to verify his credit score) and he is letting me know he filed bankruptcy in 2020, but his credit score should be above 620. 

I've provided a link below to get you started on the subject matter (if applicable). 

If you place the right tenants consistently, you will rarely have problems.Here's a detailed guide on how to screen applicants: Application Screening GuideSecond, consider inspections at least once a year, preferably at the mid-point so you can catch damages before they get too far.

I do not have any experience with this specific program, however I have bought other software programs he offers and found it very helpful.

Take your yearly net income (rents - applicable expenses) from this ADU and divide by the appropriate cap rate.

In the NYC there's something called the "mansion tax" which is applicable to just about most of the MFHs in the good areas.

Looking for some guidance from either property management company owners/brokers or landlords that have 100+ units managed through property management software such as Buildium, AppFolio, Propertyware, etc.. 

When allowed: -All subletting individuals are required to submit an application to the Landlord for evaluation and screening.

Watch out for default terms, due-on-sale clauses, and negotiate prepayment penalties if applicable.

Provide them with contact information, a new rent payment portal (if applicable), and an overview of any changes to procedures.3.