We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

Then I find active facebook pages for rentals & sublets in that area and start scrolling through to see what kind of inventory I'm finding there and what prices I'm seeing for rent by the room and for whole units to make sure I'm estimating the approx amount per room correctly for the area regardless of if I'm doing a rent by room or rent the whole thing at once strategy.

Charging a fee for a technician visit for any appliances diagnostics.How do you set the expectations from the start to avoid people with incredibly high expectations?

It might be different if others were involved.Consider an umbrella insurance policy instead of the web of LLCs and corps.

By establishing a clear timeline and communication strategy, you can avoid last-minute scrambles and ensure that both you and your tenants are on the same page.

You'd also want to have an investor-friendly agent/PM/boots on the ground as a lot of things can go wrong on the rehab especially if you are not visiting the site.If you attend meetups in LA (check meetup.com), you'll definitely meet out of state investors,

You can see it at https://www.jwbrealestatecapit... in the middle of the page.  

And that section, "Business or Rental Use of Home" appears to only apply to business or rental properties that were apportioned separately from the main home / living area.The only real hangup I'm seeing is on Page 14, where it states:  "How Much Is Taxable? 

Or into page

If your PM can't do it for a cheap service visit then find a new PM.