You’d be shocked by how little actual screening many PMC’s do!

You’d be shocked by how little actual screening many PMC’s do!

IMO now that we are on other side of "inflation shock" I throw out the last few years and I like to use preceding 15/20yrs inflation data. 

Hi @Ellen Feiss I agree with @Ty Coutts that you should start with informal, friendly, face-to-face conversations with the tenants to establish rapport, especially as you have some lead time here before next April.People don't like surprises or having to scramble, so if you are able to let them know your plans in advance, if they are reasonable people they should appreciate the extra lead time.This is especially true if their rents are currently very under market - they will have sticker shock when they look at what other units are renting for, and have to spend more time finding a new unit (if you'll be asking them to leave).If you have to move into one of the units yourself, I'm surprised you (or your lender) didn't make it a condition of the purchase and make the seller have the unit vacant for you.Sooner or later in rental real estate, you will have to establish a relationship with an eviction attorney.

You’d be shocked by how little actual screening many PMC’s do!

I would be shocked if you evaluated this property honestly if it would be a high choice for a rental. 

You’d be shocked by how little actual screening many PMC’s do!

I set the loan up for this amount, and was SHOCKED to be informed that Peerstreet geniuses had determined that they should make the loan for $4.8 million, not $3 million.  

I was pleasantly surprised.

You’d be shocked by how little actual screening many PMC’s do!