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6 November 2024 | 9 replies
The fastest way back is getting a full time job or acquire rental properties/units/apt's since rental income can be used instantly (75% of gross - PITIA monthly payment = net rental Income asap/instantly).All other forms of full doc income receipt of the income to utilize it on a loan application like alimony (needs 3-6 months of receipt + 36 months of continuation).
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7 November 2024 | 27 replies
Tenants will want to store their belongings, otherwise you get transient types.
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5 November 2024 | 22 replies
Need to update my counters..lolA good strategy that may save you some money, is to check a local recycle store.
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4 November 2024 | 13 replies
After this tenant leaves, you must clean/repair, market, screen applicants, select an applicant, collect the deposit and rent, get them moved in, etc.
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3 November 2024 | 8 replies
But from the property management side the application, lease signing, and move-in process is arduous enough as it is.
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5 November 2024 | 9 replies
See who they would recommend for lenders and make sure to get a preapproval letter back to them so they know you're serious - takes about 20 mins to do an application - can take the agent about 2 hours to have to show you a place with their time.
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4 November 2024 | 11 replies
I'm using a service called 'PetScreening' where the tenant fills out an application on their pet (birth date, shots, bite history, etc) and based on the answers given a 'fido score' is given to help the Landlord figure out the risk associated with the pet and the reasons why the score was given.
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6 November 2024 | 13 replies
We use Buildium to review applications, sign leases, etc.
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3 November 2024 | 0 replies
I borrow dollars from the bank and immediately sell those dollars to owners of commercial income property that I want to own.And then I buy those dollars back over time using the cash our tenants pay us in exchange for using our space.I'm currently shorting $10M and I can't lose regardless of who wins on 11/5By the way, the dollar will always decline in value so this thesis is applicable in any election or economic cycle.Go vote for whoever you feel strongest about, but remember you have infinite more power and that which is within your direct control.
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5 November 2024 | 17 replies
While it’s tempting to make exceptions to get someone into a unit, we’ve found that it’s better to hold out for more qualified applicants who are more likely to stay long-term without creating problems down the line.