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2 December 2021 | 4 replies
I have always said, tenants go through screening, landlords don't.
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6 December 2021 | 2 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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3 December 2021 | 7 replies
points don't track down exponentially on these deals.. so forget points offer a flat fee like 5k funding fee and then pay the interest..
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3 December 2021 | 2 replies
---So, learn the neighborhoods where you plan to invest and use Google Streetview to virtually explore them.3) Poor Tenant Screening - they typically can't sell a property until they place a tenant.
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4 February 2022 | 19 replies
renters insurance for sure.Being a new home, you will want to screen your tenants very, very well.
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4 December 2021 | 8 replies
Many applicants will offer to rent for a longer term hoping you'll reduce the rent or maybe you won't screen them as well.
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3 December 2021 | 0 replies
Im hoping I can get enough rental income on the first year to cover all expenses including mortgage, cap ex, repairs, vacancy, and hopefully I can wiggle in management for the convenience of properly screening of quality tenants.
4 December 2021 | 2 replies
Hey guys, I recently listened to a BP podcast a few months back, and David or Brandon spoke about some of the questions they used to screen management companies before using them to manage one or some of their properties.
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8 December 2021 | 7 replies
I am very new at this and I'm just trying to understand the business.Rent Analysis: To answer your question, I asked a lot of questions because I'm very interested in learning property management and I think I did a pretty in-depth screening process for someone without any experience in the field.