Mary Jay
What questions do you ask your tenant aplicants?
What questions are you asking prospective tenants?Here is my list.Please add what else you guys are asking.How many people in your family?---income-Longevity at job-Are you laid off currently or fur lowed?-Renting now...
Yoav Schatzberg
How to review a P&L
Hi all,I'm reviewing a P&L for a 7 unit building, and I've got a couple of (basic) questions:1. What am I looking for in here? Other than actual NOI and Expenses, what should I be considering?2. Are there any ot...
James Olympia
Out of State Investor - How to verify if property is C or B class
Hello everyone. I'm an out of state investor from California and I'm ready to buy in Columbus, OH. My financials are set, I have a Property Manager and Realtor. My only concern is how to verify if the property for sa...
Vincent V.
Private Money Borrower Information
Hi everyone,I'm new to "Private Money Lending" and I have some ideas of information to collect from the borrower for it but I'd like to know what information you as experienced Private Money Lender collect. I apprecia...
Daniel Walz
getting the best roofing job done
What do you look for when hiring a roofer,and how do you verify everything quoted has been done
Elliott S.
verifying p&l, returns, for evaluating a triplex purchase.
What documents do you ask for to verify the income, expense, vacancy, etc. of a triplex rental property? Are there notarized, certified documents you can ask for?
I'm looking at a triplex, listed about 125k, tax val...
Lisa Monroe
Do Banks Call To Verify EMD
Hello Everyone,
I have read that some people copy a check to send in with their offer. Do listing agents or the bank call the buyer's bank to verify the amount on the check is in the account?
I was reading where a ...
Jerry LoCoco
1930's Single Family Renovation/Due Diligence
I'm looking at a single family home built in the 1930s that will require a significant rehab (HVAC, Plumbing, Electric, framing, drywall, new kitchen, new bathrooms etc). The listing is off the MLS and closing wil...
Patti Robertson
Totally Made Up Pay Stubs - Be Careful Out There!
This past weekend we had two different applications for two different properties that had one thing in common. Both applicants submitted totally fake W-2s. You can’t just rely on automated screenings. You really need...
Account Closed
Is it ok to ask a potential tenant for 1 or 2 yrs tax returns to verify income?
About to screen a tenant for a rental. In addition to asking for their credit report, employment & rental history and contacts, can I also ask them for 1 or 2 years tax returns to verify income?