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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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11 January 2025 | 19 replies
The mountain house has taken almost 2 years of breaking even and using some of the income on improvements until we have been able to cash flow.
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3 January 2025 | 3 replies
The construction seems slow and could last up to a year.Here are my questions:1.How can I cover or conceal the metal screens to improve the appearance?
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3 January 2025 | 2 replies
And you need to keep detailed records of all repairs and improvements.
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31 December 2024 | 6 replies
Not sure if you’d get people with developer in their profile by editing filters.
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3 January 2025 | 11 replies
A B class rental here is probably different than a B class rental in your area as is the profile of the tenant that occupies it.
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11 January 2025 | 49 replies
I totally agree, I have never been bored in Costa Rica (my profile pic is my girlfriend and I surfing in Nosara) and I really like your perspective!
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23 January 2025 | 30 replies
I believe the point of contention with many who were on the OP's case in the older thread was his unwillingness to disclose his role in the promoted projects in his BiggerPockets profile.
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2 January 2025 | 11 replies
It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.
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30 December 2024 | 1 reply
Plan to make some tenant improvements to push rents closer to market rate for the area.