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15 May 2024 | 14 replies
I mean which are the usually requirements to show to lenders?
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15 May 2024 | 5 replies
Yes when going for a personal full doc it will require all of that documentation .
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15 May 2024 | 3 replies
So, the terms of your lease should be catered to that, with very strict insurance terms, personal guarantees behind any company signing your lease, requirements that lessee handles all repairs and maintenance, additional security deposits, and I would go so far as requiring minimum review quality for the host, limits on quality of guests they can accept, etc.And to your point about Airbnb not doing background checks, you are right.
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15 May 2024 | 3 replies
Last week, I learned about Section 8.52.110 which is an LA County regulation requiring an owner to compensate residents they are evicting through the Ellis Act (no-fault) anywhere between $7k and $20k depending on the number of rooms in the apartments and the age/disability of the resident being evicted.I believe Hermosa Beach follows this rule, the city lies within LA County, but can't verify with anyone from the City if the City has a rule that supercedes the LA County rule.Can anyone with knowledge of this rule and how it is applied point me to a website or other source of information that would answer this question?
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16 May 2024 | 13 replies
Banks and lenders only require (2) months of checking or the account from which down payment will come from for underwriting.Feel free to reach out to me if you want to get more clarity.
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15 May 2024 | 5 replies
Both of this will likely require real time conversations which will be difficult from India3) Maintenance when tenants are staying - I feel less worried about this as I can have the tenant coordinate with my chosen vendor (that I already have or can potentially find from India by talking to them on phone at night time in India / morning in the US).
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15 May 2024 | 8 replies
The fact is that you have a list of requirements for renting from you, that you present to each applicant and marriage status is not on that list, supports your argument.
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14 May 2024 | 4 replies
They tend to have limited leverage and higher interest compared to other products like HELOAN or DSCR, but if you desire a LOC, I'm sure they're out there.
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14 May 2024 | 5 replies
I checked with the City and both the Planning and the Building departments said they don't require a Survey.