I just put an offer in on my first rental property. There is an existing tenant that is currently on a six month lease, as the owner couldn't sell when she listed the property (it is now off the market but she's accep...
Hi, I currently have my first property listed for rent. I've had a couple of prospective tenants that would like to apply and I have a couple questions. Do all adults need to be on the application if I want to run the...
Hello,
I got back a credit and background check for a potential renter via smartmove. Here is the feedback I got on the credit check (credit score itself was excellent and credit score was high):
Address submitted h...
Hello BP,I am the new owner of an R-1 lot in California. The owner died a few years back and I recently bought the property at a county tax auction. The lot previously held a burnt-down mobile home which has since bee...
BP'ers--a prospective tenant who is undergoing a short sale on their home wishes to apply to rent one of my units. As their credit has been damaged by the short sale, they have offered what they claim is a qualified c...
I just saw the latest proposed insanity, set to be voted on by the Seattle City Council next Monday. I would be surprised if it does not pass. This one would ban all criminal background checks by landlords of prosp...
I read online that:
"Fannie Mae agreed yesterday to become a “national landlord,†by support the first initiative designed to rescue renters facing eviction all across the country. The mortgage giant will sign mo...
I made a 2nd lien here in Los Angeles, CA in May 2008, Owner Occupied. The borrowers had sufficient income to qualify and lots of equity. One source of income was from a rental duplex, which they cashed out on 3 wee...
Which do you do first...the background check or the application? I an using TransUnion My Smart Move, but folks seem reluctant to fill out their personal information...should I have them complete the application first...
I am new to investing and should be in a position to make an offer on a deal real soon. Like within days I should have my financing ready. I'm really intrigued by the whole Pre-foreclosure Investing concept, particula...