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10 February 2025 | 8 replies
If your 401K is with your current employer, it is (effectively) impossible to make it an SDIRA.
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13 February 2025 | 3 replies
Consider the broader economic factors like local employment rates, schools, and public amenities, which can influence both demand and pricing.
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20 February 2025 | 15 replies
Quote from @Katie Accashian: I am looking to take money from my retirement that I accumulated from my previous employer and move it into a self directed IRA to buy a real estate investment.
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20 February 2025 | 8 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
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17 February 2025 | 7 replies
., buying and selling your own property, managing property owned by your employer)Thanks in advance!
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19 February 2025 | 4 replies
Are you self-employed?
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19 February 2025 | 4 replies
Do any property managers out there employ (sub contract) assistants to manage the overflow of their responsibilities
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19 February 2025 | 20 replies
It seems like this would have to be some preset terms under employment agreements.
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14 February 2025 | 8 replies
These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…
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13 February 2025 | 1 reply
Hi Benjamin,Start by reaching out to relocation companies, insurance housing providers, and major employers in the area who may need temporary housing for executives or displaced employees.