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Results (10,000+)
Ryan Jacques DSCR Terms Opinion
21 June 2024 | 11 replies
Right now its generally as little as 12.5 bps (1/8 of a percent) at most lenders so not really worth it.Regarding the terms you posted - I ran these through our sizing and they look in the ballpark of market, not much better or worse - with some assumptions, our pricing looks to be 8% flat with zero origination fee/broker fee and $1,000 underwriting for this scenario. 
Josh Silvester Do you disclose you are the owner to tenants?
20 June 2024 | 14 replies
I am now in a hurry to get all my marketing plans/tenant screening info up and ready so we can get tenants in ASAP.
Rachael Olivier Anyone use Jurny - the new AI PMS tool?
20 June 2024 | 5 replies
For example, Wheelhouse pricing only works with Jurny, as does Turno, Autohost.Ai for screening, etc.
Cory J Thornton What are the potential effects of "Phantom Debt?"
20 June 2024 | 2 replies
As landlords, this could also be a threat since tenants could have a wall of debt hidden from any financial screening we do during the application process. 
John Sigs What should I charge for Property Management?
20 June 2024 | 4 replies
With that comes knowledge of the law, experience, skilled screening and selection, established policies and procedures that prevent problems or nip them in the bud, professional marketing, and so much more.
Andrew Jackson What is the best part of biggerpockets?
20 June 2024 | 7 replies
I would recommend just checking out all the different tabs at the top of your screen, networking as much as possible, and reading the BP audiobooks when you're driving. 
Cody M. Purchasing 4-plex and owner Occupied with existing tenents.
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? 
Juliette Olsen Self manage or hire property management, that is the question?
20 June 2024 | 23 replies
I also use property managers for my properties.Additionally, unless you are an expert on Fair Housing laws you can easily find yourself in violation even when you think you are acting reasonably and find yourself in a lawsuit or under investigation.Finding reliable contractors is an issue and a good property manager should have those relationships saving you time and hopefully money.Navigating non-payment of rent or an eviction can be time consuming and expensive and a good property manager should help you avoid needing to do that with good tenant screening or have the legal resources to deal with it if you have to.You do have to manage the property manager and watch expenses especially for large repairs.
Tip Mallick First Post - Landlord friendly states
20 June 2024 | 27 replies
Screening Tenants: Implement a thorough tenant screening process to minimize potential issues.
Aubrey Ford Splitting a SFH with an in-law suite into two rentals
17 June 2024 | 10 replies
As always, proper screening and background checks are crucial.