Verifying last 2 years of rental history very important!

The most important thing is to ensure your loan is covered in the event of a loss.  

It's very important to establish trust as much as possible.   

Verifying last 2 years of rental history very important!

That's why it's important to be confident in your team so you feel like everyone is working together towards a common goal (good investment for you, agent gets paid for their support). 

As a rental strategy for non owner occupants, it absolutely is a fantastic way to generate the highest return, that's true.....but also, and most importantly, your screening has to be on point, and without that, it won't be as effective because one bad roommate can ruin the environment for the other roommate tenants. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Most importantly, choose a market that aligns with your goals!

What are some important pieces we need to be working on now that we may not have thought of?

Every lender has guidelines; that’s why it’s important to perform due diligence with lenders, just as they do with borrowers.