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8 December 2021 | 7 replies
Our goal is to rent your vacant property as efficiently as possible, which requires us to balance how long a property is vacant, rent amount and tenant quality.Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.
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5 December 2021 | 61 replies
I figure the acerage tenant stays in a rental a minimum of 2 years and I think our average tenant stays 4 to 5 years.
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6 December 2021 | 4 replies
My average was around $1,400. once I raise rents to market, they will be closer to $1,850 to $1,900.
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6 December 2021 | 2 replies
My listed rents are in the average range for the market they are in.
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4 December 2021 | 0 replies
My wife and I had relocated to Conway, Arkansas the year before, and were renting an average 2 bed 1 bath apartment in the area.
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4 December 2021 | 0 replies
My wife and I had relocated to Conway, Arkansas the year before, and were renting an average 2 bed 1 bath apartment in the area.
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4 December 2021 | 2 replies
My wife and I had relocated to Conway, Arkansas the year before, and were renting an average 2 bed 1 bath apartment in the area.
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4 December 2021 | 0 replies
My wife and I had relocated to Conway, Arkansas the year before, and were renting an average 2 bed 1 bath apartment in the area.
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5 December 2021 | 1 reply
Water is on average another $100, electric $100, heat about $200 in the winter months , and in the other months it's around $50 so I take the other $150 toward cap ex, so all and all the expenses I account for are at $4450 and I get $4550 from rent , but it's going up to $4700 starting January .
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15 December 2021 | 16 replies
Banks like Navy Fed are very difficult to work with and have super long escrows (30-60 days on average).