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Results (10,000+)
Lisa Miller Snotty nose at a preview
3 March 2014 | 17 replies
I learned to take the opportunity of the proposed tenant previewing my rental property as also my opportunity to preview/screen them as a tenant before the application stage.
Jennifer H. Should I charge late fee on the first month?
3 March 2014 | 21 replies
We required her to pay us via electronic transfer and have practiced the timing of it with her from her application fee and initial deposit.
Eric Crowell Screening Process
1 March 2014 | 3 replies
Hi Eric,The best way to screen tenants is to do your due diligence and double check everything on their application.
Spencer Simon How does one circumvent an owner occupied clause on REO's
17 June 2015 | 31 replies
Don't write anything on your application that isn't true.
Robert Carl Applicant tries to dictate and lies
28 October 2013 | 12 replies
The applicant set up another date to fill out an application.
Francisco B. Are my closing costs to high even for NYC?
4 November 2013 | 5 replies
Interest 4.5%, 30 year fixed Home price $680,000 Our origination fees $1,790.00 Flood Certificate $25.00 Prepaid Intrest 15 days $1,006.03 Title services & lender title ins $850.00 Pre paid finnance charges Appraisal fee $550.00 Compiance inspection (if applicable) $150.00 First year home owners insurance $1,800.00 Home owners insurance 2 months@ $150 $300.00 Taxes 3 months @ $416.67 per month $1,250.00 Title services and lenders title insurance Lenders title ins $677.00 Departamental charges $475.00 Bankruptcy & company charges $185.00 Endorsements $350.00 Escro service fee / contin $300.00 Owners title insurance $2,749.00 Recording fees $550.00 Transfer taxes $12,410.00 State tax/Stamp $10,472.00 Survey $500.00 $36,389.04 total cost $716,389.04
Aaron Mazzrillo Multifamily Due Diligence
29 January 2015 | 18 replies
:NOTE: Important to keep the date of when these items were receivedFINANCIALS (get from Property Management Company or the Seller):Annual Operating Statements (for past 2 years)Monthly Operating StatementsYear to Date Operating StatementRent Roll for the last 2 yearsLast 3 month's Bank Deposits by the sellerBudget ForecastExisting Loan Documents ** ask if will take AssumptionSecurity Deposit Account StatementUtility DepositsRequest Schedule E if questionable financials, certified by accountant.OPERATING INFORMATION **** Must sort by importance:Management ContractCopy of all Lease Types (all leases delivered at closing)Concessionary RentsLease Expiration ReportUtility Bills (for Water, Sewer, Gas, Electric, CATV, Ethernet, Phone) - for past 2 yearsProperty Tax Bills - for past 2 yearsService Contracts (all currently under contract: trash, exterminating pests, maintenance, laundry, pool, elevator)Advertising ContractsPayroll Register (employment contracts)Operating Manuals (phone, computer, fire system, etc.)Insurance: Policy (premium disclosure)Insurance: Claim History (for past 3 years)Insurance: Carrier Risk AssessmentMiscellaneous Agreement (Vending, Pay Phone, etc)Capital Improvements and Maintenance History (for past 3 years)Incomplete Maintenance Requests (for last 3 month's maintenance requests)Yellow Pages Listing ContractCredit Bureau ContractPet PolicyCommission AgreementsRent.com reviewLEGAL AND PHYSICAL INFORMATION:THIRD PARTY INFORMATIONAppraisalDeedTitle PolicyLast Sale Price/DateTax Assessment: Land/BuildingSurvey (Get the original)Architectural PlanSite PlanInventory of Personal PropertyTools/Supplies InventoryBusiness LicenseZoning CertificationBuilding Code Compliance Letter ** Tell bad news fast to your investors; don't hold off on thisCertificate of Occupancy ** Tell bad news fast to your investors; don't hold off on thisRental Ordinances ** Tell bad news fast to your investors; don't hold off on thisLitigation History ** Tell bad news fast to your investors; don't hold off on thisTenant Estoppels (Optional at Closing) ** Tell bad news fast to your investors; don't hold off on thisBuilding PermitsMARKET INFORMATIONMarket Survey (3 - 5 nearest competitors)Existing Competitive Supply SurveysEnvironment Surveys - Phase I/Phase II, if necessaryEngineering ReportFire System Inspection ReportsElevator Maintenance Report (if applicable)Boiler Inspection ReportHVAC Inspection ReportLead Paint - Inspection reports / tenant waivers / historyMold - Inspection reports / tenant waivers / historyFuture Competitive Supply ForecastPictures - Aerial / GroundArea MapApartment AssociationApartment Guide ListingCopies fo All ADvertising, Brochures, Floor PlansDemographic Reports: Housing, Income, Employment (3 radii - 1 mile, 3 miles, 5 miles distance)Traffic Study and/or Road Improvement PlansNeighborhood Survey: Shopping, Schools, EmployersCrime Report
Joseph Weisenbloom Is FHA worth it?
27 November 2013 | 14 replies
I've brought it up and its only applicable to SFH, not multi.
Callum K. Renters with Ferrets
26 February 2022 | 13 replies
Good morning,I received an application for renters with ferrets and I am unfamiliar with the kind of impact ferrets have on homes.
Jenni G. Iffy about getting rid of property mgt co
17 June 2013 | 17 replies
Screening applicants is not hard.