Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
31 January 2025 | 6 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.
Jimmy Chao
Selling fixer to relative and avoiding seasoning period.
19 January 2025 | 3 replies
I just wanted to get some confirmation from BP crowd.
Tammy Mason
What can I do if I miss 60 days notice for rent increase
31 January 2025 | 5 replies
They're going to want to check with state law to confirm how the general assembly sees "notice delivery" as a whole.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
It doesn't list Stessa PRO so I just want to confirm.
Robin West
STR - 120 day max restriction
30 January 2025 | 2 replies
Can anyone confirm the 120 day max limit is still in place?
Ajay Bodas
1031 Exchange Property from Revocable Trust to an LLC
31 January 2025 | 6 replies
To avoid issues, hold the property in the trust for a year, ensure the LLC is properly structured, and consult a CPA or 1031 exchange expert to confirm compliance with state and federal tax laws.This post does not create a CPA-Client relationship.
David Hoffman
Industrial real estate operators
30 January 2025 | 20 replies
Can confirm Joseph is a real person
AJ Wong
Property Insurance crisis will supercharge climate migration in 2025 and beyond
11 January 2025 | 2 replies
At last check, the California Fair Plan has nearly $500B in insured property and $700M in reserves.
Neil Narayan
Texas Dominates Nation In Job Creation For Third Year In A Row
29 January 2025 | 0 replies
Bureau of Labor Statistics (BLS) confirms Texas added the most jobs in the nation from December 2023 to December 2024 with a gain of 284,200 nonfarm jobs, significantly ahead of all other states.
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
Banks are allowed to lend more $ then they have in reserve.