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11 January 2025 | 31 replies
At every foreclosure auction you will find the same cast of characters who know the system.
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5 January 2025 | 39 replies
@Damon AlbersI hate the alphabet rating system because it is such an arbitrary thing that boils down many important factors to one letter.
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9 January 2025 | 12 replies
This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.
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8 January 2025 | 33 replies
One system one login, multiple providers using the same platform.
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8 February 2025 | 49 replies
You can consider diversifying across 2-3 markets initially but since out-of-state investing requires robust teams and systems, I suggest to start in one market, build your systems, and expand.
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4 January 2025 | 18 replies
So I started creating an on boarding system where I have recorded videos and documents and protocol of how to run business.
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5 January 2025 | 7 replies
If you’re renting an apartment building to mostly Section 8 tenants, the main difference from single-family or smaller multifamily properties is scale—you’re dealing with more units, so you’ll need solid systems for maintenance and tenant management.
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30 December 2024 | 0 replies
.- When I called the brokerage admin to let them know I had quit the team and to change my status to solo agent, they said their system shows me as a solo agent and that the TL never submitted paperwork to add me as being part of their team.
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25 December 2024 | 28 replies
The neighbors complaining about the smell should have thought of that before they voted for it.
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31 December 2024 | 3 replies
This will happen in a market with balanced supply and demand, in a monetary system like the US, with fiat currency targeting 2% inflation.- In some markets, that are growing quickly, with great jobs and lots of inbound migration, this could be a little higher - like 4-5% per year over long time periods as demand outpaces supply.