Susan Sullivan
Advice of Creating an LLC
26 September 2022 | 14 replies
If there is something unique about the property that prevents a conventional loan from working, such as two houses on one lot or if a condo association is step up in a way that prevents conventional loans from working.4.
Justin Sumulong
Can leasing agents share credit reports with landlord/owners?
16 September 2022 | 1 reply
In order to even be permitted to run credit reports, my PM company had to go through a physical site visit from a representative of the credit bureau to ensure we have physical (locking filing cabinets, etc), electronic (password protected computer lock screens, etc), and procedural (written policies) safeguards in place to prevent the release of SSNs and other personally identifiable information (PII).So the correct answer to your question is a hearty No, the PM cannot and should not share applicants' credit reports with you.Note: I have since followed up with the law firm that published the article linked above, and they acknowledged that some of this is still the subject of legal debate.
Andrew Rellinger
Finances and Maintenance Responsibilities
29 September 2022 | 3 replies
I have seen some lease agreements that state "tenant is responsible for any repair $100 and lower" - that way, you aren't fielding "clogged toilets" as a part of your maintenance calls.
Theo Stone
Turn-key STR in Nashville, IN
21 October 2022 | 2 replies
There are 5 cleaning ladies that are on rotation to prevent burn-out.
Chip Stroz
Self Storage safeguards
14 April 2021 | 7 replies
Your typical self storage lease will have them acknowledge that they can't do illegal activity or keep illegal items, but obviously you can't 100% prevent that.
Greg Scott
CDC Eviction Moratorium? - Here is how you fight back
7 April 2021 | 4 replies
They are also terrible at preventing fraud and abuse.When people apply for assistance through local churches, those churches contact the Landlord or Property Manager.
Spencer Cornelia
Solving the Bed Bugs Problem (in House Hack)
6 April 2021 | 3 replies
If you can solve the problem of knowing exactly where the bed bug attached to my roommate and alert him when that happens so he can remove his clothing and prevent bed bugs from entering the property, then you just stumbled onto an 8 figure company.
John Moore
Trying to find lenders in Chicago
8 April 2021 | 7 replies
There are laws in place for lenders that prevent them from being able to pick and choose areas they lend to, so I am curious what type of deal you are looking at here.
John P.
non-paying tenants during pandemic
12 April 2021 | 8 replies
You can wait until New York opens and take them to what I assume is going to be a very clogged housing court.
David Pere
Thoughts On A Military Event?
17 April 2021 | 11 replies
Even if you can only prevent one PFC from buying a 2021 Mustang at a 18% interest rate, the event will be worth it!!