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Results (10,000+)
Kyle Carter Screening tenants effectively
4 January 2025 | 2 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!
Don Konipol COMMERCIAL Mortgage Broker Licensing Requirements by State
28 December 2024 | 16 replies
It seems like this would have to be some preset terms under employment agreements.
Robert Bell Blue Oval City's Delay May Open New Opportunities
26 December 2024 | 3 replies
BO is ramping up their employment now, my new tenant will be working with HR at the site and will be onboarding lots of folks over the next 2-3 years!
Craig Sparling Who's got metrics for me? GRMs, CAPRates, YOY Growth, Median Income vs median rent
23 December 2024 | 5 replies
Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 
Evan Ross Managing rent increases
30 December 2024 | 11 replies
For example: A small town has a large employer close down.
Thomas Lebens Can a rookie use a DSCR loan for a duplex?
15 December 2024 | 18 replies
In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.
Seth Williams Alternatives to regular long term rentals, Sober Living or Group Homes?
29 December 2024 | 3 replies
I’ve worked for some group home providers where they employ a maintenance worker who handles some of these issues (usually if the have multiple homes in a specific geographic location) and I’ve worked for homes where the handiest employee fixes things and that option doesn’t always have the best outcomes.
Jenna Schulze Investing in College
4 January 2025 | 4 replies
Alternatively, once you have a full time job (or an employment contract), you should be able to qualify for a loan and utilize a Down Payment Assistance program.
Arthur Crum RAD Diversified SCAM ALERT!!!
24 December 2024 | 198 replies
I am no longer employed with the Company. 
Calvin Rappard Tenant screening / checks on renewal
23 December 2024 | 11 replies
I'd have them sign my own lease on renewal and I'd make sure I had enough information on them so I can go after them if a legal issue arises such as employer and other similar data.