All Forum Posts by: Bill Briscoe

We just did this on walls we took paper off of. We had to prime over it or else the paint looks light and dark.

Originally posted by Tia M.:

@David Beard My apologies. Yes, I wanted the extra time to fix some things with my credit and also for income requirements. Thanks for the other information. I was thinking 10% would be fair, but I wasn't sure. Thanks again.

Tia, If you can't meet the income requirements on a conventional now, at 5.25% with 20-25% down, I would seriously question how you could afford the payments on a 10% hard money loan for 2-3 years. 10% comes with very high payments. Are you planning to put down 50% or more in cash?

I got this email in reply to my rental/lease purchase ad:

My wife and I work for xxxxx, a xxxxx company right behind this house. Right now we drive an hour in and an hour out for work. My wife and I make a combined $xx,000 in annual salaries and we can afford the lease. We have stunning references. We have been with the same landlord for almost 11 years.

On your blog post you mentioned that a qualification is a clean background. I have a minor conviction from 19xx of Indecent Exposure. It stems from some stupid decisions I made when I was just a kid. Here are some positives:

· I did my time.

· Completed my treatment.

· Am no longer required to register.

· Am eligible for a pardon and expungement which I am working on now.

Would it be a waste of my time to complete the application?

Yes.

Quick replies seem to work for the formatting now, but when I start a new thread(just did one this morning), it all gets squeezed into 1 paragraph.

I got this email in reply to my rental/lease purchase ad: see next post

Are you expecting the Rehab to take longer than 1 year? I just bought a rehab using a construction loan and closed 2 months and 3 days ago and we are already talking to my broker about refi-ing into a 30 year fixed - that will occur once all the improvements are complete in a couple more weeks.

For starters, I've been looking and asking around the board for a good paper application I can steal and use for myself for a week or so and keep getting directed to online sites.

And yes, printing all those apps and hand delivering them to the tenant is high-maintenance for me, plus I don't really want tenants who don't have computer access - I've had them before and they were a pain to keep in contact with.

Also, my local competition uses RentApp.

And, I've been told to not show the house until the tenant has filled out an application. So handing them an application at the showing doesn't work. I've tried putting a stack of applications in the dropbox on my For Rent sign before and they usually all disappear in a week and I get none back.

OK, seems to work now.

It was a new post that didn't bring thru my paragraph spacing. It just all ran together again.

Its started happening again...

I just signed up for RentApp, which provides a customizable online application that is completely free, both to me AND my tenants. The local custom here seems to be to accept free applications(some use RentApp), then the more serious landlords charge $25 or so for a background check only after initial review of the app. That's why I'm not too excited about SmartMove. I'd be the only one in the neighborhood charging a fee just to get a potential customer onto my contacts list. Does anyone else use RentApp? Do you use their screening service as well or use someone else for that?