Kosta Makris
Rental property expenses
Hi everyone!I'm pretty new to investing though I feel I have a grasp on what I would like to invest in. Buy and hold is an avenue I want to go down and would like to know the different types of expenses I should expec...
Michael Ludwig
50% rule and 1% rule?
I keep hearing the 50% rule and the 1% rule i was wondering what they are and how would they apply to a house hack?
Matt Doerr
Management Co, Downpayment, Landlord-Tenant Laws
A few questions for you seasoned investors:1) Would it be wise to use a management company starting out if estimated cash flow covers it? Or do management companies generally not "take" on 1-5 properties? 2) What are ...
Dale Mathie
Tenant Screening Question
Hello,This is my first post here, usually I just lurk so I can learn, but I am renting my first house, and I have an applicant that I am unsure of.The applicants job checked out (pay stubs and contacted employer), onl...
Antwaiyn Smalls
FIRST INVESTMENT PROPERTY SCREENING PROCESS
Hello Everyone,I am closing on my first investment property in a couple weeks and I have questions regarding the screening software and process to use to get started. I have a good grasp on what to look for when scree...
Carl Graff
Screening Selection Criteria and big thank you
For of all thank you all for this great site that has made me so aware of the importance of doing things correctly. I particular I have (based upon the advice and input of others) created a Screening Criteria with sco...
Account Closed
Run-around for 2 days with Energy Company after settlement
Hey guys, have a question here. I've been bounced around for 2 days now. I just closed, and I need to put the electrics into my name. However, I need to put it under my LLC name. When they hear LLC they keep giv...
Ryan Bird
Rental listing - what to avoid
Trying to see if there are things I should avoid saying in rental listing. Can I say the “unit is close to Costco , short drive to university and walking distance to park etc”. Any best practices for rental listing to...
Manoj N.
Tenant does not have a credit history
I am screening a tenant who is more than 40 years old. She passes criminal and eviction checks, but not credit check. My minimum FICO score is 621. The service I use just tells me whether she passes or not - nothing m...
Cal Rohrman
Creating second lease
Hey guys, I have a dilemma. I am currently creating a new lease for my "section 8" tenant and her voucher is only for $900. I want the rents set to $1100 and she is willing to pay the $200 out of pocket each month. I ...