Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
You also didn't state anything about how you verify income.We get a YTD paystub (only need one!)
David Young
Questions From a first time Investor
29 January 2025 | 12 replies
Verifying last 2 years of rental history very important!
Steven Mendoza
Contracting a Deal - HELP
25 January 2025 | 1 reply
Have every detail spelled out, use an escrow account and daily updates verifying all parties are executing their responsibilities.
David Ritz
What should I do to get rid of my tenant?
21 January 2025 | 2 replies
If you really want to get rid of them, sweeten the pot by offering to return their deposit after you verify the unit is empty with no damages.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Professional PMs use specialized tools to verify income directly with a tenant’s bank or payroll service, ensuring legitimacy.
Abraham Garza
1acre with 4 manufactured homes for rent is it a good deal? Newbie
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Michael Beirne
Section 8 BRRRR in Baltimore
22 January 2025 | 15 replies
Verifying last 2 years of rental history very important!
Magdalene Leon
Looking for advice on backflip lender
23 January 2025 | 22 replies
I get having a driver's license to verify identity, but recording your head turning like a mug shot is a little much.
Jordan Laney
PM signed awful snow contract
22 January 2025 | 14 replies
As if you needed more reason, the PM doesn't even verify they do the work.
Kyle McVay
Looking for Property Management Rec.'s
20 January 2025 | 5 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?