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8 February 2024 | 17 replies
I also recommend downloading the ring app for the city you're looking in or using spotcrime to see criminal activity.If you decide to look in Durham I'd be happy to help!
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18 January 2022 | 4 replies
But this is driven more by each market.When I get interest, I mention the following:- No evictions on background- No major criminal record- 3x rent in TAKE HOME pay, and this must be verified through paystubs- Tenant must drive the area PRIOR to me showing the property (not needed if I do an open house)- $50 application fee, will be applied to first month's rent if lease signedFinally, if they are alright with all of that, and we start to setup a showing, I let them know I will call and text them between 1-2 hours before showing.
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30 January 2017 | 1 reply
The Senate is trying to fix the problem created in 2015 when a circuit court found Arkansas' criminal eviction provisions unconstitutional.
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16 May 2017 | 72 replies
Washington State does it one better:"Chapter 61.34 RCW provides that the conduct of buying Washington distressed residential real property purchased from a homeowner who is behind on mortgage payments (or unpaid property taxes) and facing bank foreclosure (or tax sale) may be construed as ‘equity skimming’ and therefore, may be illegal (both civilly and criminally).
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1 October 2017 | 4 replies
For example, proof of income (3X rent for gross income) 560 or better credit score, no evictions in the past 5 years, no criminal background, etc. are all examples of what you can have.
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20 October 2017 | 50 replies
I don't accept tenants below 700.When Steve does his criminal back ground checks, some of his tenants have rap sheets pages long.I have yet to encounter a tenant that had more than a ding on marijuana possession.Steve has to do evictions every single year.It's been about a 15 years since I did my last eviction, but that was from inherited tenants when I bought the building.Steve sometimes has some of his apts totally destroyed.For me, the worst that has happened is that a tenant left the apt in a mess and I have to hire someone to clean up.I think I made my point.The education that's been given to these Investors is that everything will work out just fine as if there isn't a lot of bumps in the rode to owning in "C" and "D" class neighborhoods.A lot of them self-manage and a lot have problems with Property Managers.I had one of my friends, Russell, who hired a PM for his Investment in a "D" neighborhood in PA.
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10 July 2014 | 14 replies
Well, it does until you actually look at who makes up that demand. 95% of that high demand is of low-quality tenants (eviction history, criminal history, no verifiable income, extremely low income, unable to provide a security deposit, or some combination of these).
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1 April 2017 | 6 replies
If they did not find me who came in and cashed a bunch of this out.. got the tenants out with cash for keys etc etc.. they may have faced some criminal charges..
5 April 2017 | 10 replies
Be careful to not appear discriminatory.We would do a criminal check, add her as an additional occupant, and move on with life.I assume the new occupant comes with additional income which may help the tenant stay there longer.
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11 May 2016 | 15 replies
Any materially false or misleading information is considered fraud and a criminal offense.