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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.
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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!
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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
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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."
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2 October 2024 | 17 replies
They brought in awful tenants that turned our property into a party house and caused thousands in damages.
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1 October 2024 | 1 reply
This allows both parties to discuss expectations and ensure alignment.
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1 October 2024 | 9 replies
Additional insured is more about extending liability coverage to a third party like a property manager.
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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.
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1 October 2024 | 12 replies
Yep - this should be everyones "bread and butter" find a true partnership and keep it running and make it a win win for both parties.Â
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3 October 2024 | 11 replies
Here in illinois when the lease expires, the tenant is considered month to month which means either party can give 30 day notice to leave or to be told to leave.Â