Larry T.
Applicant reference check
Hello,
If an applicant put down a specific name as their supervisor, and I know that the manager over all the staff is another person, who I know for different unrelated reasons, is it legal for me to contact that ma...
Phil Surdynski
Renter's with no income
I have a prospective tenant that is no longer employed. She states she has sufficient savings to allow for rent. How do I qualify someone who has no stated income... living off of government (SS) and savings? Any ...
Charlie Cameron
Non-Recourse Debt - Why do you need net worth?
I’ve been researching Fannie Mae smaller apartment loans. I haven’t been able to figure this out: if the debt is non-recourse, why then does the total net worth of the borrowers have to exceed the loan amount? Is ther...
Andrew Burrell
Utility Setup - Arkansas New Construction SFH
Hi all,I am the owner of a brand new, new construction SFH in Fayetteville, Arkansas. I have not set up internet or any other utilities, as there have been no tenants living in the property since I closed in late Febr...
Account Closed
Background & Credit Report w/o having to send application?
Is there a online service that can run a Background and Credit report without having to send a signed application? I'm renting in another state, and the requirement to scan a application is not easy.
Christine Steiner
Job Loss 1 Week Before Closing
I need advice. We are closing on our first investment property in 1 week and we already have a renter lined up! The guys is military and will sign an 18 month lease. Expected monthly cash flow is $290 (after PITI,...
Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools. If I am self managing my portfolio, what do I need to check/confirm, and what...
Cal C.
Importance of a paid in advance Security Deposit
I use the security deposit (and the first month's rent) as a test case to see if the potential tenant will be able to pay rent on time. If they can't come up with a security deposit and 1st Month's rent prior to w...
Kevin Wang
How to verify income for self-employed? First time landlord needs help!
Hello, I am a newbie landlord and is wondering how to verify income for self-employed people? Tax return? Please advise!
Mike Moreken
My first listing for rent in NJ
3 Bedroom, 1.5 Bath single family row home. 1120 sq ft. New roof, carpeting, painting, sinks, lighting fixtures. New refrigerator; old range/oven, clothes dryer, washing machine, garage, plus ADT security service prov...