23 May 2019 | 23 replies
Our entire lease packet includes: 1) The Lease; 2) 'House Rules' which are exactly that; they're a legal guide of what the Tenant may or may not due in/on a property and are reciprocated and compliment the lease and some of ours have sections which are specific to the property; 3) HOA agreement (if there is an HOA) pretty much saying that they are responsible for any fees in relation to any violations they carryout and their responsibility to notify us;4) Septic System Responsibility (if there is a Septic system), notifies them the schedule the septic system is on and that it will be prorated to the length of their stay, and also goes over a few prohibited items that should be used in a septic system5) Credit Reporting / Tenant Performance Authorization - it authorizes us and informs them that their payment history may be reported to credit bureaus and that we may also report to tenant performance to tenant monitoring agencies. 6) Settlement of Charges Guide - We openly let them know from the beginning what the average charges are for some common items such as patching drywall, replacing doors, windows, etc. 7) Lead disclosure form We typically sign most of our Leases online, it makes it easy on the Tenants and seems to be a bit more enforceable since it is traceable and creates an audit trail.
21 June 2019 | 0 replies
Other onerous provisions are as follows: Increases notice requirements for rental housing providers to renew, nonrenew, terminate a tenancy or increase the rent.Allows judges to stay the execution of an eviction for up to 1 year.Specifies that housing providers may only seek rent in an eviction action, excluding fees, charges and penalties.Prohibits housing providers from recovering attorney’s fees in default judgments.Places limitations on the requirement that the tenant in an eviction action must pay rent into escrow.Strengthens the rights of a tenant in an eviction action to affirmative defenses and counterclaims.Prohibits owners from evaluating an applicant’s prior rental history in the resident screening process.Caps application fees to $20.Caps late fees to $50 or 5 percent, whichever is less.Limits security deposits to 1 month’s rent.NAA is working with the affiliate network to push back against similar policies being proposed around the country.
21 June 2019 | 0 replies
AB 31 – Effective July 1, 2019 This bill requires community managers and reserve study specialists to apply to the Division for certification or registration and to submit fingerprints to the Division or the Central Repository for Nevada Records of Criminal History to allow the Federal Bureau of Investigation to conduct an investigation of the applicant’s background.
24 June 2019 | 8 replies
@Tom S.Thanks Tom Will my volatile job history effect the chances of approval on an FHA?
21 June 2019 | 6 replies
When I get a house under contract to wholesale or buy it with OPM, Do I have to show the seller my income or credit history?
23 June 2019 | 2 replies
Also, You can the seller for the tenants rental payment history to see if they pay of time.
23 June 2019 | 2 replies
My wife and I are new to Louisville and own a house in Deer Park, a block away from Bardstown Rd, right off of Eastern Parkway.
22 June 2019 | 4 replies
Yes you will need to have good credit, good dti ratio and rental history if you want to count your rental income in the dti calculation.
22 June 2019 | 1 reply
It is 3 adults and they all are signers on the docs and had credit history pulled on each one of them.
23 June 2019 | 3 replies
Putting aside any less desirable aspects of your note, if it has been performing for over a year I would think it is worth more now than it would be if you refinanced and then tried to sell with little or no payment history on the new note.