Paul De Luca
Anyone else getting fraudulent applications?
I have a unit listed for rent in Chicago and I've received several highly suspect or fraudulent applications. Evidence indicating fraudulent applications includes:
-mailing addresses that don't match applicant's empl...
Ricardo P.
Interesting Situation.. Need Help/Suggestion
I have a tenant who recently told me a contractor of mine “stole/took/misplaced” a phone charger of theirs. Contractor has been working with me and my family for over 15+ years. What would you say do or suggest. Shoul...
Carmen Chow
Do you ask for credit/background check for...?
Hoping to get some advice on fellow BP members.I’m planning to rent out a unit for a family of 4. Mom, 2 sons of working age and a 17 yo daughter in school. The combined monthly income for the mom and the 2 sons are a...
Amy A.
Using student loans to qualify
I've recently had some students interested in renting from me. They will use student loans to pay rent. My screening criteria requires income of at least 3 times the rent. How do I qualify these students when they ...
Jeremiah Bishop
Business Plan for a Loan
Hey guys! I am in the middle of my first deal right now. I'm going to purchase a 8 unit property from my parents that are ready to retire from the land lord career. I am looking to do a 85/15 mortgage loan through a l...
Eli Gilbert
Good Deal- Then STUCK!
I am a Newbie, I have been Analyzing deals, I have 2 HML in the pipeline, A realtor feeding me deals and a potential contractor!I know I need to build a bigger team, I am working on it!I found what I thought was a gre...
Chip Chronister
How do you screen your tennants
How do you screen your tenants before you rent to them?Do you ever pull their credit?
Ivan Jenkins
Applying Fair Housing Standards to Criminal Records?!?
I logged on to my local MLS today and noticed a new message with an attachment from the US Dept of Housing and Urban Development (HUD) that speaks (in general) about how almost 1/3 of the US population has a criminal ...
Joanne Potros
Robinhood investing = $217k IRS tax bill?
I invested some money into stocks and some crypto over the past few years. I noticed that robinhood reports much higher numbers than actual purchases to the IRS. I've never actually sold anything at much of a profit e...
Jason Runkel
Tenant Screening Guidelines
Hey Everyone,My partner and I are working on our tenant screening guidelines for the property management portion of our business, renting properties in generally C+ and above neighborhoods. Some things we have include...