Maria Apostolova-Mihaylova
Changing tenant screening criteria mid-marketing
28 October 2024 | 5 replies
What's the lowest credit score you will allow?
Dave Green
Advice on the next move
30 October 2024 | 10 replies
You only need 20% to qualify, along with a credit score typically north of 660.
Brett Jurgens
Zillow ads climate risk insights, but too many people are ignoring the data
6 November 2024 | 54 replies
@Brett Jurgens I am not sure it should be a climate score, I think it should be a disaster score.
Craig Bowman
New to realestate investing
28 October 2024 | 9 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Kim A.
Looking to connect with other Huntsville investors
28 October 2024 | 14 replies
It gives you a livability score and its a good way to gage different areas and what they are like.
James K.
Short Term Rental Loans
30 October 2024 | 15 replies
The percentage of the projected AirDNA revenue will depend on your experience and credit score.
William Coet
Why Does the Big-Money Invest In Landlord Unfriendly Cities?
30 October 2024 | 35 replies
If you have enough properties, you can ride a tenant issue with the other properties covering the cash flow/expenses of the bad tenant--especially if you have professional tenants who care about their credit score.
Kristen White
First timer - opinions requested
27 October 2024 | 3 replies
If you make six figures, then i'm guessing the only stumbling block is your credit score.
Mei Zhu
what software do you use as a landlord if any
28 October 2024 | 4 replies
Quote from @Mei Zhu: Transunion Smart Move has an online application and screening that I recommend.Whichever you decide, make sure they provide a full credit report, not just a score.
Pete Schiebel
Is it common to require first and last month's rent for new tenants?
30 October 2024 | 12 replies
If a tenant passes your requirements—credit score, income, background checks, and landlord/job verification—then I typically charge just the security deposit plus the first month’s rent.