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19 December 2024 | 22 replies
Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.
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18 January 2025 | 36 replies
Same with the circuit breaker have the refrigerator on the same circuit .I had tennants turning off the breaker for hard wired smoke detectors , until I moved the wire to the living room circuit , if they turn off the smoke detectors they have no juice for the big screen .
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6 January 2025 | 9 replies
I assumed some would need replaced, which would be okay, but I would hate to see it all trashed.I guess in that vein though, I hear that a lot about LTRs -- the horror stories -- and we have been blessed with amazing tenants (generally) so I was thinking it would be along the same line where it would be something where you would want to charge high-end and screen intensely to try to get a tenant that just is transitioning and can benefit from the furnishings.I know that could still happen though, even with all the precautions you can take, so it's something good to consider!
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17 January 2025 | 21 replies
But the stigma behind crime still exists, like any city, so it's important to screen tenants.
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26 December 2024 | 4 replies
But, they have ZERO liability for the performance of that tenant.Second, 97%+ have no idea on how to screen a tenant, other than income = 3x rent and a credit score.
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27 December 2024 | 22 replies
It's essential to screen your tenants thoroughly.
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17 January 2025 | 20 replies
AS you get more experience you will learn how to screen better.
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7 January 2025 | 19 replies
Are you attractive tenants that meet your screening criteria readily and keeping them as long as you budget for (vacancy rate)?
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12 January 2025 | 20 replies
Sometimes you can find a large enough company that you can sub everything out to them and get paid on a commission or flat fee basis, or you can get the property platted and sell it that way.
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2 January 2025 | 13 replies
You should connect with @Fed Finjap; I just saw on another post that he is also buying in the Chicago neighborhood ofLakeview and he recently went through some lessons learned on a 3 flat in Chicago.Check out his post: https://www.biggerpockets.com/forums/922/topics/1223655-refl...