All Forum Posts by: Andrea M.

I would be concerned of her newly employed as my understanding is that she may need 2 years of stable income/tax returns to qualify for a mortgage. Has she even been prequalified?

Sounds like some miscommunication regarding the time frame in which the seller would vacate the property. Was anything documented in the contract?

My tenants know I am the owner, and everyone either emails/call/texts me whatever is convenient for them as some are not as tech savvy as other. I use my own email and my cell number.

They also know if it's an emergency late night, they text me and I respond whenever I wake up since I turn my ringer off at night.

If ever the I am unclear on the text, I just call them.

Probably need to go into her FB account and remove the permissions of what accounts can access her account through the Privacy or Account Settings on FB

My first was a single family 2 bedroom 1 bath. I try to steer clear of townhouses/condos since it's attached and can cause complaints from your tenants about something you can't control such as noise and things of that nature.

Yes you should be alarmed, we received a water bill recently for a property that was vacant for about 22 days and the bill was $320.00 , called the water company and they agreed that the bill was high for a vacant property for that short period of time. They suggested we checked for leaks, which we were able to tell by how the water meter is spinning.

Turns out it was an inexpensive fix because the toilet there was a crack in the mechanism inside the toilet tank and the water kept flowing into the tank, which we had replaced and have sent the proof to the water company that we fixed the problem and are waiting on the adjusted bill.

I Google the insurance companies in my specific area and call for and request quotes and I basically decide which company to go with based on communication and the price quotes.

The questions for me came when I was emailed the quote and didn't understand the quote or certain charges.

Just wondering if this situation could of been an homeowners insurance claim?

Well to be realistic, your property manager probably has a hundred other properties they are managing in addition to yours. For that specific reason is why I manage my own properties.

I post my own ads online a few times a week as the ads can get buried, my own sign and speak with prospective renters myself. Yes, it can be time consuming but I do it all myself unless it a maintenance request in which I have a few people whom I call to fix things.

In the bigger pockets file place you can find lots of forms and tailor it to your specific state laws

Select a mortgage banker/broker/company whether its may be the mortgage department through your current bank/credit union who can actually pull your credit and may advise you on what mortgage products/programs that are available based on you credit score or the minimum credit score required for certain mortgage programs , income and things of that nature as well as the price range in which you can qualify for which may be higher/lower than the range you are currently looking in.

Many areas have a larger inventory of distressed properties, which may be foreclosures, short sales or bank owned (REO) which sounds like what you may be touring now.

Allow only 1 mortgage broker/banker to pull your credit as too many inquiries can affect your credit score. Be wary of completing any online quick approval mortgage companies to protect yourself from any scams or possible identity theft.

In the meantime, keep paying your bills and saving until you are ready to move forward and secure a prequalification letter from the mortgage company of your choice. Once you do get prequalified , no big purchases until after you close on the property of your choice.