All Forum Posts by: Frank Agyeman-Duah

I listed my rental property on Zillow and received a completed application from a prospective tenant who's credit score is 524. Rent for the property is $1600 per month and per the credit report, tenant has a total debt of $611 and combined monthly income of $3,834  from her pension as a retired nurse. My issue is that the tenant stated she recently did a short sale for a home she's occupied for 35 years but other bills were getting her behind on her mortgage payments. Tenants has no bankruptcies and no criminal record. Need suggestions and recommendations .

@Matt Ziegler

Thank you

@Joaquin Camarasa

My realtor just got back to me and seller has now agreed to accept the $153K that came as the appraised value.

@Joaquin Camarasa

Property was on the market for over a month. I am prepared to walk away but I’ve told my realtor I can add additional $2 to make it $155K.

My offer of $165K was accepted by the seller. However, appraisal came in $12K below the purchase price. What is the best way to address this with the seller? 

@Andy McQuade Greatly appreciate your input.

@Courtney Jones Thanks

Am closing my first SFH property next week and is tenant occupied. Per the lease, tenant is not suppose to have a pet but I realized the is a pet and would like to discuss with the tenant to add additional $35 per month to the rent and also sign a pet policy. I will also like to send an initial introductory letter to the tenant to introduce myself. Can somebody email me a template of a pet policy and an introductory letter? Thanks in advance.

@Jason Bott Thanks Jason.

@Eli M. Do not accept cash. Accepting cash will raise anti- money laundering issues with your bank as the source of funds cannot be verified. This may lead to your bank closing your account and filing suspicious activity report (SAR) on you. Use other alternative forms such as checks or electronic transfers.