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3 November 2024 | 8 replies
But from the property management side the application, lease signing, and move-in process is arduous enough as it is.
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4 November 2024 | 13 replies
After this tenant leaves, you must clean/repair, market, screen applicants, select an applicant, collect the deposit and rent, get them moved in, etc.
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4 November 2024 | 11 replies
I'm using a service called 'PetScreening' where the tenant fills out an application on their pet (birth date, shots, bite history, etc) and based on the answers given a 'fido score' is given to help the Landlord figure out the risk associated with the pet and the reasons why the score was given.
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5 November 2024 | 9 replies
See who they would recommend for lenders and make sure to get a preapproval letter back to them so they know you're serious - takes about 20 mins to do an application - can take the agent about 2 hours to have to show you a place with their time.
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3 November 2024 | 0 replies
I borrow dollars from the bank and immediately sell those dollars to owners of commercial income property that I want to own.And then I buy those dollars back over time using the cash our tenants pay us in exchange for using our space.I'm currently shorting $10M and I can't lose regardless of who wins on 11/5By the way, the dollar will always decline in value so this thesis is applicable in any election or economic cycle.Go vote for whoever you feel strongest about, but remember you have infinite more power and that which is within your direct control.
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6 November 2024 | 13 replies
We use Buildium to review applications, sign leases, etc.
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5 November 2024 | 17 replies
While it’s tempting to make exceptions to get someone into a unit, we’ve found that it’s better to hold out for more qualified applicants who are more likely to stay long-term without creating problems down the line.
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4 November 2024 | 10 replies
@Helene GoodworthTo expand your network, identify your areas of interest, highlight your construction skills' application to investment projects, actively participate in local and online groups, and seek mentorship and guidance from experienced investors.
2 November 2024 | 8 replies
Landlord can require tenants to be responsible for separately metered utilities, so can avoid waste.Landlord can get annual small increases in rent.NegativesMost of us don’t treat something we get for free the same way we treat something we’ve worked hard to obtain.S8 applicants claim “broke” and don’t like to pay application feesSame goes for security depositsS8 tenants, in our experience, tend to cause more property damage than non-S8 tenants. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.
1 November 2024 | 11 replies
You should not allow any adults to reside in the property without being screened, approved by you, and on the lease.Here's a detailed guide on how to screen applicants: Application Screening Guide