Scarlett Tao
Co-signer income requirements
18 November 2024 | 14 replies
We’re one of the few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must = 3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.
Carrie Lane
Void roof warranty under property management’s care
14 November 2024 | 9 replies
@Michael Smythe speaking as both someone who owns rental properties that we self-manage, and a manager for other owners, I think' you'd have a tough time going after the property management company.
Kenneth Johnson
Literally any advice to getting started would be appreciated.
18 November 2024 | 12 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
Shawn C.
Best MTR software approach for owner-occupied house hack (no other properties)
13 November 2024 | 11 replies
That makes a bigger impact on being able to self manage rather than hire help.I don't use the lease from KeyCheck.
Dhawal Shah
Airbnb / STR Property Management Tools / Recommendations?
13 November 2024 | 11 replies
I find that using the tools build in to the platform apps make it pretty easy to self manage.
Jenny Kang
I will manage my property by my self and will fire the property manager.
7 November 2024 | 12 replies
Wishing you the best in your self-management journey, but remember, a good property manager can still be invaluable, especially if you’re not familiar with the legalities of property management.
Tar-U-Way Bright
Thoughts on PadSplit
13 November 2024 | 14 replies
There are budget-friendly self-management sites that make setting up applications and collecting rent simple and again, you can pocket that 12%.
Larry Nielsen
Typical Monthly Cash Flow / Best US Markets
12 November 2024 | 10 replies
He self-manages, is his own handyman and had to pull out the little equity he gained to pay for roofs and HVAC.
Ray Hernandez
Becoming A Short Term Lender?
20 November 2024 | 37 replies
Not enough current income to move the needle, but all the knowledge required to learn and, if you're self-managing, the always-present "the tenant could move/break/have problem any minute of the day" possibility.
Nicholas Dillon
I Would Like To Pay OFF 2 of my homes
15 November 2024 | 8 replies
As was noted, you don’t have enough equity in #3 to tap, so it’s just a financial self-supporting carry.