Bienes Raices
College students -- source of income
A college student called who wanted to see the place. I asked him if one of his parents was going to be the cosignor and he said no. I told him that I needed gross income to be at least 3X the monthly rent and he said...
Ben Freiermuth
Student rentals: How do YOU verify financial aid?
Good morning all!We are a student rental company located in University of Wisconsin-Whitewater. I was recently hired by my father (owner of the business) and he currently accepts financial aid from his student renters...
Noralee Deason
Renting to College Students
I purchased a small 2 BR, 1 BA condo for my daughter and her fiance to live in while in college. They are about to get married and purchase their own condo (which they also plan to eventually have as a rental prop...
Thomas S.
Landlords and Tenants Lawyers
To begin I will say that if you operate in a State that requires that Landlords always be represented by a Lawyer none of my experiences or practices may apply. In our jurisdiction Landlords are not required to have l...
Michael Wohl
Income on application states "Grad Student Financial Aid"
I received an application for a veterinarian technician who is going to vet school. The property is a single family house for $1200 per month. The required verifiable income for the rental is $3600 per month. Liste...
Steve Tom
Rental property as LLC and its affect on college financial aid
Hello everyone.My son is a junior in HS. I tried a few cost calculator from several universities he is interested in, and saw that with a rental property the amount of aid is drastically lower.A friend told me about...
William Howley
First hearing for a challenged eviction, should I get lawyer?
Hi, I am going through an eviction right now, they stopped payinf rent, I started the eviction process.The Write of repossession was filed by the judge and THAT day the tenant filed a "motion to stay", for many bullsh...
Afrothiti Manolis
Undocumented- CPD High school district proof
CPS, NOT CPD! I CANNOT EDIT THE TITLE, SORRY!Hi Chicago landlord team,
A tenant just messaged me that the high school he wants to apply his son to is asking for district proof and requiring two forms of proof (wat...
Johann Jells
Advice on restructuring into an LLC(s)
My wife and I are looking to put our RE holdings on an "active" business footing, form an LCC (or one per held property?) and file taxes as a business rather than filing a form E. We have several reasons for doing...
John Renfer
Rental property effects on qualifying for college aid
Hello my wife and I are looking to invest in our 1st rental property and were wondering how the investment effects our 2 teenage children's ability to qualify for college fonancial aid. Any thoughts? Thank you.