When evaluating tenant applications what minimum requirements do you have?
To qualify for a mortgage debt to income is talked about a lot, but not so much for renters. Do you take that into consideration?
question for property managers and self manging landlords. Do any of you have a screening scoring system? I just read the ultimate guide to screening but I didn't notice a score system. For example, you have 2 appl...
Looking for some favorable credit unions. Any suggestions? Looking to put as little down as possible for long term rentals. I have a primary residence in NJ. Looking to invest in the central Florida market.
I received 2 applications for my rental property. 1 of them meet the income requirements (about 5x the rent) but after doing a credit check I noticed that they have 2 accounts in collections (under $2k both) and in th...
If a rental applicant falls a little short of our qualification standard of 3x income or favorable credit, we sometimes offer an option for the tenant to pay a double security deposit or pay 2 or 3 month's rent in adv...
Hi BP,I'm looking for Credit Unions, either federal, or state (in Ohio), that have more favorable terms for investment properties. I've called just a few federals so far that only offer 75%LTV with a maximum of a 15yr...
Let's say I'm in the midst of Ch. 7 bankruptcy and I have a nice paying job that allows me to save up about $30k per annum for a rental property to BRRR out. Saving up for the down payment/rehabs/closing costs/etc. wo...
New to BP and New to rental properties. Seeking info on any special ordinance in leasing agreements to students in Muncie Indiana near Ball State University campus (i.e. must have family living in property). How to wr...
We listed our property and have starting screening tenants. This is our first rental (actually our home being put up for rent), and are a bit nervous to ensure we select the right individuals. We had a great response ...
Since I created an LLC, I've gotten alot of credit card offers for the LLC. If I apply for the credit card and use it, does it build credit for the LLC? What are the pros and cons here?
Thanks for the help!