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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...
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I'm exploring the possibilities of being an HML (starting off on a smaller scale), and I have a few "newbie" questions for those who've done it for a while. --Is it possible to start off by lending smaller amounts, l...
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Hello! I am fairly new to BP. I own a 2 bed 2 bath in Long Beach, CA and would like to rent out my vacant room (aka house hack) while I live in the other. I’m in the process of meeting with potential roommates. What a...
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I've had a duplex for the last 10 years and just bought another property. I have to fill one of the apartments in my duplex this summer. For the past ten years I've been able to rely solely on my personal network, ema...
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I have an application from a section 8 potential renter in Dekalb, GA which she has provide me with her SSN and permission to perform a credit check and background check. I didn't realise most sites have the tenant ...
I'm screening a tenant and upon contacting the listed employer, they would not confirm any information on the tenant without a SSN, however the tenant will not provide the SSN due to a fear of cyber theft. What would ...
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Do you believe it is possible for a professional real estate investor (or an experienced real estate investor) to never had any tenant who stopped paying the rent? Or do you believe ANY real estate investor will go th...
Looking for advice with sublet situation. One renter (renter1) has moved out for a new job but is still paying rent. Renter 1 would like to sublet to offset expense. Renter 1 and renter 2 (renter that still resides...
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I am in the process of looking for my first small multi-family property and am trying to be prepared for when I make my purchase. I am wondering what the general procedure is on finding new tenants. I know I should l...
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Simplify the Process
If you want to spend less time arguing with renters over timely payments, make paying the rent as convenient as possible. Offer online payment options, or, better yet, automatic ACH debits from a...