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27 January 2025 | 10 replies
If not I would suggest finding a servicer to collect and manage that note.
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15 January 2025 | 24 replies
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.
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22 January 2025 | 31 replies
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.
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2 January 2025 | 2 replies
The HOA has acknowledged the roof issue but claims repairs are delayed as they’re still collecting bids.
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15 January 2025 | 12 replies
However, much of our document and data collection was handled by loan analyst Taylor Vassey.
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30 December 2024 | 6 replies
If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.
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19 January 2025 | 147 replies
@Brent Mendenhall The best thing for any investor is to avoid your company and those like it out of respect for their investment dollars.Why is there no formal agreement between RAD and DDH Fund LP when DDH Fund owes RAD's investors millions of dollars and collects rents on behalf of RAD.
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9 January 2025 | 12 replies
Personally, I follow this standard for every application I receive:- 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)This process has helped me place quality tenants over the years.
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6 January 2025 | 38 replies
I dont know your business model exactly but I assume you collect some referral fee from the supplier?
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25 December 2024 | 28 replies
And for the record there is a HUGE difference in the amount of odor in a unit from 3rd hand smoke which is what carries in in your person when you smoke like clothes smell and breathe smell vs the smell you get when there’s actually smoking in the unit.