Account Closed
Would you rent to this tenant?
24 April 2021 | 4 replies
Great income at 4.7 times the monthly rent, stable career track with consistent promotions every couple of years, liquid savings equal to 18 months of rent, good 5 year rental history with favorable feedback from all prior landlords indicating all rent payments were received timely and zero damage or any other issues occurred at prior rentals.However, the individual has a credit score of about 550 with debt that includes $10k+ in credit cards which is all past due, $30k in student loans, $30k car loan, $30k in other debt, and unpaid collections from three different businesses originating 4 years ago.Would you rent to this individual considering they have demonstrated they consistently pay rent on time, take care of the properties they rent, and have good income & career history, or would the credit score steer you away from this individual?
Fernando Alvarado
Texas Landlord Question
25 April 2021 | 4 replies
The pipe burst during the major freeze that occurred in February
Sead Osmani
Estimate Long-term cost of upkeep????
28 April 2021 | 2 replies
It seems like you might be overpaying; paying the seller for appreciation that has not occurred yet.
Kai G.
Do I need to verify tenant's custody of children? Florida
28 April 2021 | 3 replies
I wasn't sure if I was legally obligated to check, but I see that doing so could cause more harm than good...thanks again!
Coco Poyet
Inflated Sale Price on Reno Loan
1 May 2021 | 28 replies
Before you close you should get a loan disclosure or CD outlining cost associated and if stuff doesn’t line up let them know.I know that’s a lot of info- since I’m currently going through it right now and have dealt with a lot of interesting scenarios, feel free to message me and i will be able to better understand where the misunderstanding is occurring cheers!
Lara Pan
Homicide under investigation next door
30 April 2021 | 18 replies
Your requirement is only to report deaths that occur on your property.
Mike Ferguson
New Septic pump failure, who is to blame?
28 April 2021 | 3 replies
Most service providers like plumbers would jump at the opportunity to come back when a premature failure occurs.
Tim Barnes
How to wholesale a property with quitclaim deed?
29 April 2021 | 4 replies
Unlike most other property deeds, a quitclaim deed contains no title covenant and thus offers the grantee no warranty as to the status of the property title; the grantee is entitled only to whatever interest the grantor actually possesses at the time the transfer occurs.
Sean Martin
Seller financing in a seller's market?
28 April 2021 | 4 replies
They're typically collecting their commission when the sale occurs.
Edmond Dantes
Property manager omits to have received money in the own statemnt
3 May 2021 | 12 replies
After you get them to update your owner statement, you might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes