Gamal Harding
Navigating the Surge in Rental Application Fraud: A Guide for Landlords and PM's
6 January 2025 | 4 replies
For instance, mismatched names, employment details, or salary figures should warrant further scrutiny.Urgency to Move In: Applicants who are unusually pushy about quick move-in dates may be attempting to bypass thorough checks.Reluctance to Provide References: Hesitation or refusal to provide contactable references from previous landlords or employers is a cause for concern.Cash Offers for Faster Move-In: Proposals to pay a significant amount up front, especially in cash, to expedite the moving process can sometimes indicate an attempt to avoid scrutiny.Unverifiable Identity: Difficulty in verifying the applicant’s identity through standard identification documents can indicate potential fraud.Tips to Mitigate Rental Application Fraud:Enhance Verification Processes: Implement stringent verification processes for employment, previous rental history, and identity.
Rene Hosman
WTF is a land swap?
16 January 2025 | 13 replies
And will never find out because the open-space advocates won their measure while the developers measure failed by a whopping 63%!
Eric Greenberg
Vermont vs Smoky Mountains
3 January 2025 | 0 replies
I understand Vermont has slightly more stringent regulations to contend with but it would also be closer for us geographically and thus potentially easier to manage.
Brad Roche
FHA 203(k) vs. Fannie Mae Homestyle Renovation Loan
13 January 2025 | 5 replies
Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.
Eric Greenberg
Vermont vs Smoky Mountains
6 January 2025 | 6 replies
I understand Vermont has slightly more stringent regulations to contend with but it would also be closer for us geographically and thus potentially easier to manage.
Jim G.
Is it required tempered glass windows?
12 January 2025 | 4 replies
Glazing in walls, enclosures or fences containing or facing hot tubs, spas, whirlpools, saunas, steam rooms, bathtubs, showers and indoor or outdoor swimming pools where the bottom exposed edge of the glazing is less than 60 inches (1524 mm) measured vertically above any standing or walking surface shall be considered to be a hazardous location.
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
13 January 2025 | 9 replies
I’d like to know if there is any measure or strategy I can do beyond that.
Tod DuBois
Typical Occupancy Rate - and how to calculate?
13 January 2025 | 1 reply
I am curious: what are typical occupancy rates, and how do we measure and compare them?
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
We measure against 15 different factors.