Jose Quinones
What’s your process to bring in new tenant?
2 October 2024 | 11 replies
In my experience it helps keep pre-applicants organized and is an actual sight with a google-able name so it doesn't seem as scammy.The background check and credit fee is $30 paid by the prospective tenant but I always tell people applying for my units ahead of time what my credit and background requirements are and that if they pass those qualifications (plus the reference checks) and sign + pay the deposit that I will reimburse them the application fee.
James Harryton
What do I do next
4 October 2024 | 12 replies
1) Smart, successful value adds that would allow you to extract sweat equity. 2) patience to save up the deposit via you income.
Brandon McCombs
Ohio - if a co-tenant moves out whose responsibility is it to ensure lease is updated
1 October 2024 | 12 replies
You also should have dealt with the security deposit which belonged to BOTH of them at the time.
Bradley Miller
Tenant is demanding 50K in reparations!
1 October 2024 | 5 replies
Still, no.The next day she feels 10k is reasonable.I initially was inclined to help her with a new bedroom set, and return of security deposit along with not charging the month of september while she finds a new place.My responsibility or not, amicably helping a tenant vacate quickly is in everyone's best interest.
Austin Lukes
Class C Tenant Criteria
4 October 2024 | 7 replies
I have some auto-denials in the "review phase" based on landlord reference such as numerous late pays on rent, numerous documented lease violations, and move-out damages exceeded collected deposit... but still have yet to enter the "landlord reference/review phase" of my screening process due to the details on their CBR's as noted above.
Ian Stuart
Freddie Mac SBL & Fannie Mae Small Loan Financing - Multifamily Apartments
4 October 2024 | 10 replies
They're like bank & credit union loans... but with (i) more leverage, (ii) more interest only, (iii) [typically] lower rates, (iv) non-recourse structure, and (v) no deposit requirements / no requirement to start "a relationship".
Shawn C.
KeyCheck used for MTR Owner-Occupied SFH (1 tenant with own 1bdr/1bath)
2 October 2024 | 3 replies
For example, there's an Employment Verification Form, Forwarding Address Form for Deposit Refund, and so forth, that you can request your tenant to fill out.I want to make sure I'm not missing anything (as well as protecting myself) but also don't want to over-burden the tenant.
Brandon McCombs
can buyers kick out existing tenants when selling property in ohio?
1 October 2024 | 5 replies
They can ask you to serve notice so one unit (or both) are vacant at the time of possession, but if you agree to that make sure you have a large deposit and some of that is not refundable if the buyer backs out as you will need it to cover the lost rent.
Greg Moore
Anyone moving their investments to Bitcoin?
7 October 2024 | 190 replies
Kraken, a large crypto exchange, was given a banking charter license in Wyoming, where they are opening a physical branch, which will hold 100% deposits in cash reserves.
NaTarrio Jones
Rent Payment Reversed NSF but tenant says funds were available
1 October 2024 | 26 replies
There was a direct deposit on same day as the payment which would have made the balance enough to cover the rent payment.