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4 January 2025 | 23 replies
I Offered it to them at 10% below market with him paying utilities. he wanted it, so I screened him to verify he can afford it.
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18 January 2025 | 36 replies
Same with the circuit breaker have the refrigerator on the same circuit .I had tennants turning off the breaker for hard wired smoke detectors , until I moved the wire to the living room circuit , if they turn off the smoke detectors they have no juice for the big screen .
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6 January 2025 | 7 replies
DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
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5 January 2025 | 4 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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3 January 2025 | 3 replies
They sealed the entrances using metal screens (one around a pipe), but now the areas look unsightly.Additionally, there’s ongoing construction in the condo complex, which may have driven the mice into my unit.
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4 January 2025 | 2 replies
Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!
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8 January 2025 | 33 replies
At the same time, dispute the late payments with the bureaus and provide the payment records showing the payments were made on time if asked.
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17 January 2025 | 21 replies
But the stigma behind crime still exists, like any city, so it's important to screen tenants.
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7 January 2025 | 9 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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9 January 2025 | 13 replies
The others are just pre-screened, not a full application so it's a bit harder to say "you don't meet criteria" because I don't actually have a verified income, credit history or background check - just what they've said in the prescreening questionnaire.