Gamal Harding
Navigating the Surge in Rental Application Fraud: A Guide for Landlords and PM's
6 January 2025 | 4 replies
For instance, mismatched names, employment details, or salary figures should warrant further scrutiny.Urgency to Move In: Applicants who are unusually pushy about quick move-in dates may be attempting to bypass thorough checks.Reluctance to Provide References: Hesitation or refusal to provide contactable references from previous landlords or employers is a cause for concern.Cash Offers for Faster Move-In: Proposals to pay a significant amount up front, especially in cash, to expedite the moving process can sometimes indicate an attempt to avoid scrutiny.Unverifiable Identity: Difficulty in verifying the applicant’s identity through standard identification documents can indicate potential fraud.Tips to Mitigate Rental Application Fraud:Enhance Verification Processes: Implement stringent verification processes for employment, previous rental history, and identity.
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
If he needed something beyond the standard business forms and Schedule E, I could give him limited access to my Baselane portal, just like my bookkeeper had limited access.
Carlos Ptriawan
The rise of flat fee buyer agent brokerage
21 January 2025 | 20 replies
It's standard contract.
Corey Davis
Operationalizing & Scaling
31 December 2024 | 5 replies
Above that, though, I would focus on standardizing your renovation, i.e., same tile, paint, flooring, etc.
Mayer M.
Real Estate Professional Status/Time Tracking
25 January 2025 | 91 replies
It is standard practice and component level depreciation is encouraged by the IRS.Though it is very important to track you time as you go along.
Anthony Miller
Aspiring Residential Investor
7 January 2025 | 11 replies
-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
They’re not a standard DSCR collateral choice.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
@Tayvion Payton here's some useful info:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Kristi Kandel
Resources to Help LA Communities & Families Rebuild After Wildfires
13 January 2025 | 4 replies
It took new construction costs from $800-2500 down to $325 / SF and instead of 2 years it can be done in 8-12 months (design, permits, fabrication, shipping, and erection) depending on how much homeowners customized the standard plans.
Allison Park
Expectations of Investor Buyer's Agent
6 January 2025 | 15 replies
The new standards are yet to shake out I think and it probably does cause some indigestion for investors and agents both.