For the first townhome, we are in the renovation process and looking to screen our first tenants.

This approach gives you the opportunity to thoroughly screen potential tenants, ensuring they align with your values and standards.

You should have two main lessons learned from all this.First: Tenant screening.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

Does anyone take this info into consideration when looking at a rental market or is such analysis unnecessary?

I'm wondering how do you all screen your tenants?

However, the process was extremely cumbersome, communication was inefficient, and the loan fees were inflated compared to other deals I have seen from fellow investors.We will be ready to begin the refinance stage of our next project in the coming days, as renovation is finishing up and we are screening tenants.

Also, with the advent of the likes of ChatGPT, they' might become obsolete and unnecessary.

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.