Sean Doyle
Best Section 8 Markets
9 January 2025 | 30 replies
We spend our time here in Toledo providing responsibly managed housing and treating our residents with the respect any of us on this forum would appreciate.
Kyle Carter
Screening tenants effectively
7 January 2025 | 5 replies
Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!
Alex Houser
Foolish to buy office building?
18 January 2025 | 8 replies
Too many investors treat lenders as an impediment to their deal.
Keira Hamilton
5 Lessons Learned From Selling My Laundromat
22 January 2025 | 4 replies
They want someone who is going to treat their employees and their customers well.
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
23 January 2025 | 9 replies
LTV & CreditEliminate the emotion and treat this like the business it is.In my opinion it does not matter who the borrower is as long as they have a track record of ATR (Credit)And I feel comfortable with the leverage (LTV)
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
NET 30), etc. and you can use this project-specific agreement as an addendum for individual jobs.Final Tip: Treat the contract as a transparent, collaborative tool to set expectations, not as a "gotcha" document.
Kathy Creighton-Smith
LoanBidz lending reviews
23 January 2025 | 15 replies
Since this is a post about our loan shop, I'll highlight that we are a small loan shop (30 employees), family-owned just trying to get more clients by placing their loans well and treating customers well.
Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.
Devin James
Gross Margin Calculation for New Construction
28 January 2025 | 10 replies
So we treat him as our CFO.
Frank Pyle
Seeking Advice from Lenders: Financing for Community Living Home
5 January 2025 | 2 replies
If not, I'm guessing it would be treated as a traditional rental loan, either conventional or DSCR, using market rents rather than the rent in the lease agreement.