Kyle Carter
Screening tenants effectively
7 January 2025 | 5 replies
Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!
Gaetano Citera
New construction: Pre Fab or Stick Built
25 December 2024 | 4 replies
You've got to remember the home has already been through numerous inspections prior to delivery, so the time it takes to finish is minimal.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
The 2nd group can often be spotted via the credit report, and they are a lot less fun to host (late payments, asking for concessions, demanding, etc.)
Matthew Posteraro
Conservative Scaling for House Hacking
29 January 2025 | 10 replies
Lately we have been selling off the smaller properties in the portfolio, rolling those into bigger or nicer units with a 1031 exchange.
Mark G.
What's Your Conversion Rate for Cold Calling Software-Generated Leads?
24 January 2025 | 12 replies
PS is revolutionary because of how it has simplified access to all of the various data points investors need to make a decision and because of this its extremely popular.You do not want to be using a popular lead source to increase deals because everyones chasing the same deals.And nothing will change with there data because there business model forces them to have to buy and license the data they get which means waiting for the county/databroker to send it to them which guarantees anyone using PS data will be behind the counties, only getting a fraction of the leads and getting those late leads the same time as everyone else.How do you get access to the leads first.
Iliana Herrman
Guidance for an Eager BP Newbie
3 January 2025 | 5 replies
I have not finished a book yet, so this may be somewhat jumping the gun.
Cody Caswell
How to Save Thousands on Cabinetry Cost
28 January 2025 | 12 replies
They're pre-finished RTA, and it's usually only ~$100-150 per cabinet to install.
Kenny Smith
2024 by the Numbers....
5 January 2025 | 1 reply
We all know 'housing affordability' is one of the hottest political topics as of late but I'm not seeing any commitments to increase inventory.
Pixel Rogue
Buy, Rehab, Rent, Refinance, Repeat - got them all with questions on refinance/repeat
4 January 2025 | 7 replies
As of lately, the traditional BRRRR is not working with the higher rates and low inventory as, others have mentioned.
Andreas Mathews
How Can I Gain Property Management Experience
10 January 2025 | 4 replies
I'm getting up there in age and feel like I'm getting a late start, so I'm looking to avoid any unnecessary steps along the way.