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20 February 2025 | 8 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
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21 February 2025 | 4 replies
If directly to the seller, then you need to ensure that the payment is made, but also that it is made to the person who is entitled to it.
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22 February 2025 | 4 replies
As one of my podcasts say, one person's yuck is another person's yum!
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9 February 2025 | 12 replies
Share your tips—I’d love to hear what works for you!
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7 February 2025 | 12 replies
Have the tenants take and send pictures of any maintenance items and video chat with the repair person as needed.If you ever get in a situation where you just feel like you can't do it or don't want to do it, you can always put a PM in place at any time.
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5 February 2025 | 10 replies
No Personal Use: You or family members cannot live in or personally use the property.2.
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27 January 2025 | 12 replies
It's a shared house so they have no renter's rights giving the owner huge leverage and control.
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28 January 2025 | 6 replies
It will be even harder as a young person with no life experience, and particularly no experience buying real estate.
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10 February 2025 | 2 replies
I'm more than happy to share insights, answer questions, or discuss strategies tailored to your investment needs.Looking forward to building wealth together!
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5 February 2025 | 17 replies
I'm glad you shared this.