James Keeton
First Time Investor
3 October 2024 | 7 replies
My wife posted our used crib and can't tell you how many useless "interested" parties kept hounding whether it was still available.
Lee L.
Stessa vs. Landlord Studio, vs Quickbooks.
7 October 2024 | 24 replies
Comparing Stessa with other financial tools like Mint and Monarch Money, which also use third-party aggregators without glitches, Stessa's problems are more noticeable.
Jorge Abreu
The Power Team: Your Key Allies 🤝
2 October 2024 | 0 replies
It includes paperwork, scheduling third-party inspections, and meeting critical dates for due diligence and closing.By leveraging technology, we use platforms like Asana to assign and track tasks.
Jose Quinones
What’s your process to bring in new tenant?
2 October 2024 | 11 replies
Find a centralized place to keep track of information you know about interested parties and can make sure you are moving them forward through the process.Good luck!
Austin Lukes
Class C Tenant Criteria
4 October 2024 | 7 replies
Some of our initial baseline, no-go, criteria when we first listed were: 600+ credit score, no evictions, no bankruptcy, and income 3x rent... however, after finding that very few interested parties were eligible to even "enter a review phase" of landlord verifications etc, we loosened up a bit and went to an objective scoring model that I tweaked from a few ideas obtained after speaking to both rental professionals in my local area and some on this forum.Â
Jonathan Greene
The Worst Thing You Can Have as a New Real Estate Investor is Thin Skin
3 October 2024 | 4 replies
I still consider myself fairly new to this world, and I can say with 100% certainly the biggest battles are the internal ones, and this industry has given the pleasure of being forced to address several of my short comings, and continue to address them all the time.I find I get the most emotional when I get reactionary, so my constant focus is around honing and suppressing reaction as a whole both internal and external.Thanks for taking the time to write this up.This part is right on the nails - "I find I get the most emotional when I get reactionary."
Kelly Rao
Anyone have experience with Nomad?
2 October 2024 | 17 replies
They brought in awful tenants that turned our property into a party house and caused thousands in damages.
Kris Kempe
Dta Nar Settlement
1 October 2024 | 1 reply
This allows both parties to discuss expectations and ensure alignment.
Rogelio M.
Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property a
1 October 2024 | 9 replies
Additional insured is more about extending liability coverage to a third party like a property manager.
Melissa Crimp
Court Record Search - reason for denying an applicant
2 October 2024 | 6 replies
Local laws may also include protections based on other factors such as source of income or eviction history.Disclosure Requirements: If you are using third-party screening services like SmartMove or another credit reporting agency, you must provide the applicant with an "adverse action" notice if you deny them based on the results.