@Autumn Brooke Do you also collect a security deposit or just the last month's rent?

., you may consider conditionally approving with a higher security deposit (or alternatively, use an insurance policy - "fee in lieu of deposit"), first and last month's rent.

Hi All,Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30, 2024, and she has already moved out as of June 22, 2024 after paying the rent for the month of June, and the new tenant will move in on July 1st, 2024. 

This shocking truth opened my eyes to the importance of maintaining an accurate and up-to-date financial statement to secure financing.To navigate the world of real estate financing, it's essential to recognize market preferences and loan-to-value (LTV) restrictions.

Enhance your listings with high-quality photos, virtual tours, and detailed descriptions.Incentives: Offer move-in specials or discounts, such as the first month free or reduced security deposits, to attract tenants.3.

If your state has a security deposit cap collecting the year up front is problematic. 

I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.

Get creative, buy a $200 security system and place them facing the common areas and exterior of the property for the tenants safety.

From securing the best financing options to planning for future growth, my goal is to help you achieve financial success through smart real estate investments as a loan officer.

Leveraging their local market expertise, we secured the property for $525,500.