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9 January 2025 | 12 replies
Personally, I follow this standard for every application I receive:- 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)This process has helped me place quality tenants over the years.
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7 January 2025 | 8 replies
You’ll also want to know how they handle rent collection and late payments and if they can provide references from other investors they work with.A good investor-friendly agent should have a strong network of professionals like contractors, inspectors, and lenders to help with your investments.
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8 January 2025 | 11 replies
Additionally, collecting the tenant’s portion of the rent (not covered by Section 8) can be difficult.3.
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31 December 2024 | 4 replies
Is there anyone in the Denver area that knows the early stages for subdividing land or what professionals I should turn to in order to start collecting some basic info?
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6 January 2025 | 38 replies
I dont know your business model exactly but I assume you collect some referral fee from the supplier?
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14 January 2025 | 10 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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2 January 2025 | 32 replies
@Edwing Hernandez Lots of unsupported claims...same story with Roofstock...nothing like getting on camera and claiming you have a magic formula but no evidence of what's in the potion....they want you to go on faith alone, I guess...
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2 January 2025 | 4 replies
Granite, I know CA tends to see a lot of this; more than likely due to a lot of people owning Solar.My question is the owner that has a lien status associated to this Lien description (Notice of an Independent Solar Energy Producer Contract), is this a standard practice of just owning Solar (thus wasting time prospecting these individuals) or does this simply mean they (the solar company) took out a lien against the owner because the solar company is trying to collect their money.
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7 January 2025 | 24 replies
Operating is where you collect the rents and pay expenses.
19 December 2024 | 4 replies
You'll spend more chasing them than you'll collect.