Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
Here’s how you could approach this:Set Clear Criteria: Use objective criteria (e.g., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!
Justin LoPilato
House Hacker Introduction!
22 January 2025 | 9 replies
Cold calling is a great idea to get started, but maybe try connecting with local real estate groups or online forums too—they can sometimes have off-market deals.
Pamela Rivas
Seeking insights: Crafting a free guide for foreigners investing in Mexico.
17 January 2025 | 3 replies
When somebody asks for advice, I always try to put myself in their shoes and understand who they are and what their objectives are so I tried to do that with you with the little amount of info I could garner from your profile.
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
It’s crucial to consult a real estate attorney and tax advisor to structure the transfer in a way that minimizes tax consequences and aligns with your objectives.
Alec Jacobs
What bank account should I use for my rental property?
26 January 2025 | 3 replies
Plus, it integrates seamlessly with accounting tools like QuickBooks, making bookkeeping much more straightforward.Whichever account you choose, look for one with no monthly fees, online banking, and features like automatic bill pay.
Jason Hanton
Anyone take STR Secrets Cohosting Course?
22 January 2025 | 10 replies
I do not know this one specifically but most courses and coaches online are a borderline scam.Couldn’t agree more.
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
@Matt Weddon, I try not to even think about those types of things UNLESS there is objective documentation or they admit to doing something specific.
Sean Gallagher
Taking over an existing lease with addendums, RBP, BPP.
4 January 2025 | 11 replies
Does anyone have an objection as to why I should continue with these services?
Jeremy Beland
This $200k Profit Deal Was Almost Lost Over an Eviction Battle
15 January 2025 | 7 replies
We managed to bring the property down in price, overcome objections, and navigate the eviction battle, and in the end, it paid off.The key takeaway here is that if you’re a true cash buyer who can work with private lenders, you can survive long, drawn-out processes like this.
John Lasher
How did you get into multifamily?
26 January 2025 | 17 replies
But 2025 offers other opportunities that did not exist 10 or even 5 years ago - think AI and online businesses.