
20 June 2024 | 23 replies
When looking for a PM, consider these criteria:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (caution: you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

20 June 2024 | 16 replies
Background checks, credit checks, evictions, etc. and I'd look at how long they've been in business by looking up their LLC (if applicable) on the SOS website.

20 June 2024 | 18 replies
You're just trading one set of problems for another.Highly recommend inspecting current home of any S8 applicant (we do this for any applicant under 620 credit score).

20 June 2024 | 12 replies
When I first started my STR business in 2019, I watched F&G and other similar videos (such as Noelle Randall on business credit cards), and subsequently started making application for business cards.

20 June 2024 | 6 replies
Unfortunately only about 5 applications have been fully submitted and all of them have failed to show proof that they can afford to pay the rent and provide the proper references.

19 June 2024 | 2 replies
- Tenant application and screening reports, background check, etc- Unit walkthroughs- Inspection by quality inspectorFew questions I have are, whats your thoughts on: 1) Rent estoppal letters from tenents?

20 June 2024 | 7 replies
The remaining 25% of the gross rent will be absorbed by vacancy losses and ongoing maintenance expenses.When using a lease agreement, the lease agreement amount must be supported byForm 1007 or Form 1025, as applicable, orevidence the terms of the lease have gone into effect.

21 June 2024 | 25 replies
Its handy for me to store maintenance materials, lumber, vanities, applicances, etc, for my other properties.

19 June 2024 | 13 replies
With Freddie Mac SBL, you rate lock at loan application (no interest rate risk during underwriting).

20 June 2024 | 245 replies
But mortgage applications have been strong since rates have recently come down.