I have a prospective tenant that filled out an application.However I need some advice on qualifying this individual.The current rent is 3600The applicant is a family The Spouse doesnt work The main applicant gross W2 income is around $10000 monthThe monthly net income is $5700No car loan's No credit cards balancesThey pay $800 month on a personal loan.Since a rent check is written after net income is received.

Was the best decision i personally ever made.

I use Zillow to find tenants, conduct the background searches, and for rent payment.I use Stessa to track my portfolio personally (i.e.

While I have some liquid cash on hand to kickstart my journey, I'm keen on optimizing my resources.Initially, my strategy revolves around engaging in fix-and-flip projects to generate capital, with the goal of transitioning into mid-term rentals.

I am gathering all my resources , first of all and listening to different videos but the price is very expensive for a person that doesn't have it.

I'd recommend doing a little tax planning with your person this year to establish a timeline so you don't accidentally lose out on this by playing with timing a little.

The person who recommended it to me has success with it here, I just haven't been able reach her lately

Last time I looked the laws read In order to practice any kind of property management (applies to STR technically but is kinda gray area) in Alaska you need to be a licensed agent under a Broker unless you manage 4 or fewer units or if they are your personal units.

But in this case it might be worth doing.I could send you a handful of folks I talked to and know, including the person that did mine (although not sure they do sub $100k loans).

Thanks @John Mckee  - we did end up just giving them a proposal that built in their agent's fee (and then some).This was a good lesson for us - at first we took it personally but then realized that the tenant just doesn't want to deal with (or has no expertise in) deal(ing) with it and they really don't care what they end up paying.