Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
31 January 2025 | 6 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
Brittany Daubner
Florida Property Manager
29 January 2025 | 14 replies
Does anyone have suggested property management companies they've used in Florida that they can recommend I reach out to, to see if we're a good fit for each other?
Tod DuBois
Many leads but not bookings on Furnished Finder - to to resolve
14 January 2025 | 19 replies
So I get 15-20 leads for each booking on Furnished Finder, which is a PITA because of all the manual follow-up and manual paperwork required vs AirBnB and others with instant booking and streamlined tenant approvals/p...
Joe Binkowski
506(c) Syndication(s) Secret
27 January 2025 | 18 replies
Something to consider...and if you are syndicating for your deals or a Sponsor you are partnering with make sure you get verifications for both your accredited and even those non-accredited you work with.
Jim Stanley
Anyone invest with a hard money lender (lend to them to get interest)?
25 January 2025 | 5 replies
It worked out fine, though each time I got a little less than advertised interest rate (about 9% vs 10%) and I had to send a reminder email to to get my money back, but I did get it back.I ask about others' experience, because I'm still not 100% sure it's not a ponzi.
Danth Aman
Real estate agent is representing buyer and seller. Seller is the real estate agent.
21 January 2025 | 8 replies
You can be sure they will continue to negotiate for, strategize and advise themselves.If the laws are similar where you are, you should consider if you want someone doing those things for you, and whether you are comfortable going toe-to-toe alone with a licensed professional on a $1.25 million purchase.
Jeffrey Milner
Buying a share of a large freehold London house at a large discount for first timers
23 January 2025 | 0 replies
It is a freehold property, recently renovated from top to toe with high quality, large garden, and kept very clean at all times.
Shannon F.
VRBO Damage protection and guest verification
27 December 2024 | 2 replies
Hi all - I'm a new STR host and I recently had my first bad guest experience and have some questions about damage protection and guest verification on VRBO specifically.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
16 January 2025 | 8 replies
You looked past a red flag right at the outset:"When application was made tenant was I am not going to to have my puppy with me so do not need pet fee or application"Total red flag.
David Ritz
What should I do to get rid of my tenant?
21 January 2025 | 2 replies
Look up your local laws on how much notice you have to give to to end tenancy and then give them that notice.