I've read in the forums that most require income of 3x rent. My questions are:
Does the 3x assume the utilities are included or not? In my case the renters of my SFH are responsible to pay all utilities dir...
So it's been a month and the tenants haven't put the utilities in their name yet. Contacted my property manager and he said have the utilities turned off. Lease agreement clearly states they pay for all utilities. Wha...
I found a tenant for my rental home but they won't be moving in for another 30 days. They live out of state. I ran their rental application and everything checks out great. My question is since the tenants won't be mo...
Hello BP! I'm looking for feedback from experienced STR operators. We're experienced with LTRs, but are hoping to buy our first STR in early 2022. While I feel confident running numbers on LTRs I'm not sure what to es...
Hi, I need some advice on the Memphis market for section 8. I would love to build a portfolio, if anyone can guide me to which pockets are the best for rental and brrr method in Memphis would be a great help since I'...
I am trying to determine where I should set rents for one of my new rental properties that has vacant units.What are the key data points I should research or things I should consider as I am determining what I should ...
The Washington Post is reporting:The newest option, known as the Affordable Loan Solution plan, launched Feb. 22. It allows for down payments as low as 3 percent, no minimum cash reserves and loan amounts as high as...
Hello,We will close on my new house a month from now. However, we will like to keep and rent our townhouse. We currently live in Holly Spring, NC area. We were thinking on covering the HOA and pest control to the leas...
Hi BP community, I need some advice.
Through advice here, my wife is a real estate professional starting 2 years back. But some of our properties are jointly owned.
We have not been claiming losses from those prope...
Hi guys,
I'm getting ready to list for rent for the first time and am curious about your rental application criteria for tenants? This is what I'm thinking. But honestly, it seems like it might be too cumbersome? I'm...