Use services that can validate the authenticity of documents and employment history.Require Detailed Applications: Ensure that the rental application captures comprehensive information, making it harder for fraudulent applicants to provide fake details.Conduct In-Person Interviews: Meeting applicants in person can provide additional insights into the authenticity of their application and allows you to ask follow-up questions based on the details they've provided.Utilize Professional Screening Services: Professional tenant screening services are invaluable for conducting background checks, credit checks, and criminal history checks.

A prudent investor doesn't seek quick riches through shortcuts.

For example, our agreement includes a clause stating that we seek the owner's permission for any expenses over $500.

But be prepared because you are probably dealing with a professional tenant.

I'm not as good a professional but the work I did was mostly good enough for us to live in, and the small fixes to make it good enough for renters has been worth trying to do it myself.

Hello everyone,I’m new to this forum and a beginner when it comes to purchasing second properties. I’m European and my wife is American, and we’ve been considering buying a property to rent out. We don’t have everythi...

You might consider other strategies, like taking a home equity loan or refinancing to fund repairs, but consulting with a tax professional or CPA would be the best next step for your specific situation. 

I qualify as a 2024 real estate professional if I can count my commute time to and from properties.

But still, I think it's a bit too high.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

There are numerous professionals in these forums.