Verifying last 2 years of rental history very important!

@Glen Michael we charge an onboarding fee to owners, which they ALWAYS complain about, but they don't want to undertand why it's so important.We use the funds to check:1) Ownership: we verify property is actually properly deeded to their name, LLC, etc. - We've found issues where owners was NOT on the deed and was scammed- We've also had to patiently explain to owners that since an LLC owned the property, that the management contract had to be in the LLC name and we needed proof they could sign for the LLC.2) Property Taxes: we make sure we know the status, to avoid tax foreclosure issues.- Took over several properties for an out-of-country owner last year that we're in the midst of tax foreclosure.

If they want to stay, verify they can afford it.

Oi Wise,Please dig up some stuff up on me also hahaI'm in the mood for some "argy bargy" 🤓Just don't post the explicit shots I send you all the time as I don't want all of you Americans getting jealous hahaTrump won so "The Dingo" identity is no more.It's just "Engelo" for the public and it can be our little secret what you call me privately hahahahaWhat will you do if I get deported?

@George Bell my LLC's do two main things:1) Hide my identity, so tenants can't easily find me. 2) Separate my business and personal assets, income & expenses, not so much for tax purposes, but to avoid IRS issues.-- Just audited by IRS this summer for first time ever and had no issues!

 @Nathan Gesner Funny you should say that as that is what we did yesterday ..we actually lowered it to $1685 and it looks like we have a renter  hopefully  ( fingers crossed ).Income verified , credit score etc It’s a bit low for me but we can get the mortgage paid, the heloc payments and the roof payments and still put some cash flow in  reserves each month as we will pencil out a bit.

One of two adjacent identical duplexes.

One of two adjacent identical duplexes.

Verifying last 2 years of rental history very important!

Verifying last 2 years of rental history very important!