George Faulkner
Need advice on loan issue
Hello my name is George. I am buying a 4-plex in Frankfort Ky. I am doing a 30yr fixed convictional loan and am scheduled to close in less then 2 weeks. Today the Leander told me that I need to show more reserves for...
Tony Schober
Low income tenants & evictions/felonies
Those that rent to low income tenants:
If I were to institute a policy of no prior evictions and felonies during the screening process, do you think I would eliminate my entire rental base?
What are your standards w...
Ryan Judah
Potential tenant meets all minimum requirements but has a felony
Hey BP members!We are turning over our first unit and just listed it a week ago. Within two days we had an eager potential tenant that is currently living w/parents while looking to lease ASAP. They've been in the liv...
Andy Bondhus
Tenant screening: arrests & felonies
When screening for a new tenant, do you immediately deny them if they have any arrests or felonies? Or do you take into consideration how long ago the offense was?
Sean Ruggiero
Tax Question: Anyone pumped up AGI for a Re-Fi and later ammend??
Hi, I am trying to refinance out of a bridge loan and am pushing to meet the mark on income. My CPA suggested I use my W2 and my Rental Income and basically not claim much if any of the tens of thousands in expenses t...
MarieChele Porter
Renting to a violent felon?
Hey y'all,I know this post is going to seem so rookie to a lot of you but here we go I need your help... I had a potential tenant come by last week (alone) and fell in love with the property... It's not rented yet and...
Bill Gulley
Felons, Do You Rent To Them?
Just read a thread where a landlord said that his instruction to his tenant screening company was to automatically disqualify anyone with a felony.
HUD has this guideline in public housing. In some cases it...
Michael Rossi
How Bad Can It Get?
A poster yesterday or today was asking about the bad side of the rental property business: damage, lawsuits, tenants from hell, etc.
I spent much of my d...
Angela Smith
Help finding a new property for my tenant in Indianapolis
I have the best family renting our property in Christian Park. This is the only rental property we own and we are wanting to sell it next month. Their lease ends the end of August. She is telling me that she is hav...
Chris Masons
NJ Tenant/Landlord laws
Hi everyone,
Just thought I'd post some very useful info on tenant/landlord laws in NJ.
NJ is a tenant friendly state so it really pays to know these laws.
enjoy!!
http://www.lsnjlaw.org/english/placeilive/irentmy...