Did you collect a pet deposit?

It is extremely odd the previous companies did not ask for that if they are collecting rent for you and issuing you disbursements.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

If they don't contact us within 10 days, we can change the locks and take possession.And, of course, if you choose you can file for collections on them.

I fired them last year.I just opened my mail to find a notice from a COLLECTION AGENCY stating I owed them money.

The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.

Hi Everyone, If I only have tenant's birthday, driver license number, and phone number, can I still have a collection agency to help me to collect the delinquent rent?

They “optimistically believe contacting an attorney is the same as engaging an attorney; that engaging an attorney is the same as sending a demand letter; that sending a demand letter is the same as filing a lawsuit; that filing a lawsuit is the same as obtaining an injunction; and that obtaining an injunction is the same as winning a case; and that winning a case is the same as perfecting a judgement; and that perfecting a judgement is the same as collecting on the judgement.  

Like others pointed out, this will not be a collective downfall across all areas of the US.

How do I go about finding those who'd rather just collect the insurance money then sell it off at a discount?