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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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13 February 2025 | 3 replies
Consider the broader economic factors like local employment rates, schools, and public amenities, which can influence both demand and pricing.
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7 February 2025 | 11 replies
I don't get the term "DSCR loan" I mean all loans for 5+ units are based more on the property than the buyer.
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19 February 2025 | 29 replies
@Elias Halvorson the poster actually lives in another country.The pinned Cleveland, OH reference is just what they entered based upon this post:)
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23 January 2025 | 5 replies
@Ming Huang Based on the numbers you've shared, I would advise against the deal, unless you can negotiate the purchase price down and/or rent it for at least $1,150.
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20 February 2025 | 5 replies
Are you self-employed?
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12 February 2025 | 13 replies
A lot of investors are jumping to secondary lines of insurance coverage and the problem with those is that the companies are based in the Cayman Islands or the Bahamas a lot of the time, and it is suspect that they would actually pay out if the need arose unfortunately.
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21 February 2025 | 30 replies
The city has excellent fundamentals...strong Ed's and Med's which are some of the most stable employers, huge investments made in the life science sector, proximity and easy access to NYC and DC, international airport, port city to name a few.
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1 February 2025 | 9 replies
@Daniel Baker I would say a lot of it is based on their training or their resources that they utilize to complete your taxes.
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21 February 2025 | 7 replies
Do any property managers out there employ (sub contract) assistants to manage the overflow of their responsibilities