Practical Tips for Managing PropertiesFinding Good Tenants: Screen thoroughly.

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.

Challenge is where is their motivation to properly screen applicants and get rid of nonpayers?

Try interviewing at least three managers.1.

Maybe start with a part-time ops manager or a reliable lead cleaner to free up your time while keeping quality high.

I have 3 homes managed by a property manager.

Here's a good folder setup.Bank StatementsCredit Card StatementsProperty Management StatementsMortgage StatementsSTR Platform StatementsInvoicesReceiptsClosing Documents (Purchase/Refi/Sale)LeasesCheck & Deposit ImagesVendor ContractsW-9’s & 1099’s

We accept all applications and in the case of section 8 the only real time we don’t is if the numbers don’t make sense with market rent vs HUD standard.  

Quote from @Amol Kulkarni: Has anyone used Homeriver Group Property Management in Jax and Citrus Spring.

You will be asked to disclose this during the application process, and not doing so is concealing a debt and would be fraud.