OK, for some of you long-term landlords this is probably an easy one.
I looked at the applicants' pay-stubs and SSI letter, and pro forma, with two jobs, overtime, and SSI, they do make 3x the rent.
My main question...
This is my financial situation:30k incomeRental property (I own):4k monthly rent1.5k/mo PITIWant to buy:350k-400k property4k monthly rentI've used online calculators (for what they're worth) and they say I qualify. Al...
I've bought and sold a number of homes in my life , and even flipped a couple but I've always used conventional financing. Lately I've run across a couple properties on the MLSthat's say hard money or cash only , bri...
Do you hesitate to lease if the potential tenant has Chapter 7 bankruptcy in their credit report or "housing court" in their background?
Hey y'all! I'm renting my first deal as of 3/10, yay! But I have a question, I have a mid-high end 2 bed, 2.5 bath, 1600 sq. ft. townhome that I'm renting for $1295, a good market value price in my area in Alabama. I...
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 everyone,
This is my first post, but my brother frequents this site so i'm around here from time to time. Anyways, I have been trying hard to secure my first loan, but I have been rejected by many of th...
Part of the tenant screening process is their income must be more than three times the rent. But is this their pre tax income or post tax? Also if a tenant does not have this, would you reject them right away or is th...
I have started to play around with the software program Innago and see that they have tenant screening with options for criminal background, credit and eviction history. I am curious how people's experience have been ...
Just spoke to a person (who BTW tried to downplay our property right away (it's been on the market for so long (1 week)!!! and we're never gonna find people with good credit who will pay this much!!!)) who advised tha...