All Forum Posts by: Forrest Bassett

 It's funny, I have searched this topic and come across a lot of Tenants asking similar questions on Reddit.... They are also asking where to get a PTSR... I don't think anyone knows how to get a PTSR!! It is truly a mystery.

This is a new one for us in Colorado. It sounds like if they provide us with one, we can still run our screening, but cannot charge them if they provided a PTSR. So if they give us a Zillow screening, IT MIGHT count, but even that is unclear. It does not seem like a good idea to accept a screening if it does not come from the source directly! 

 Its a Colorado-specific situation, I guess I should have been more specific:

Portable tenant screening reports (PTSR) pursuant to HB23-1099 § 38-12-902(2.5).

(2.5) "PORTABLE TENANT SCREENING REPORT" OR "SCREENING
REPORT" MEANS A CONSUMER REPORT PREPARED AT THE REQUEST AND
EXPENSE OF A PROSPECTIVE TENANT BY A CONSUMER REPORTING AGENCY,
WHICH REPORT INCLUDES THE FOLLOWING INFORMATION ABOUT A
PROSPECTIVE TENANT AND THE DATE THROUGH WHICH THE INFORMATION
CONTAINED IN THE REPORT IS CURRENT:
(a) NAME;
(b) CONTACT INFORMATION;
(c) VERIFICATION OF EMPLOYMENT AND INCOME;
(d) LAST-KNOWN ADDRESS;
(e) FOR EACH JURISDICTION INDICATED IN THE CONSUMER REPORT
.....

Link to the full Bill

I am curious if anyone can help me with a resource that provides Portable Tenant Screening reports! I am a landlord and property manager... I think these reports could be great! Where does a Tenant get an Approved Portable Tenant Screening Report? 

Does the report come from the actual source that runs the screening, so that it cannot be manipulated before being sent to each landlord? I do not trust an email attachment to come directly from the Tenant with a Screening report, I can see how those will quickly become fraudulent!

Do the Zillow and Apartments.com screening applications count as a PTSR? Is there a resource to send a tenant for screening early on, so that they can use it as a PTSR if they choose not to lease with us or are not approved etc? I would love to get a screening report early on in the process since they can take it with them wherever they go!

Any insight is appreciated!

Don't Sell! The real question here is whether you should Self-Manage or employ a Property Manager. If you were staying local(ish), Self-Managing could be a great option, but it depends on your REAL job and mental capacity. With the move to NYC in the mix, it is probably best to find a PM you trust to handle it for you. 

As for the Capital Gains exclusion, talk to a CPA to fully understand how that works... But selling today might mean you get taxed on 100% of your Cap Gains. My understanding is that it needs to be your Primary residence for AT LEAST 2 of the last 5 years that you were the owner of the property. If I am right about the requirement of owning it for at least 5 years before this applies, then holding the property only makes that much more sense! At least hold it long enough (May 2026?) to hit that mark, then re-assess if you sell or maintain it as a long-term investment. If you sell at that point, you should see some appreciation and be able to benefit from at least 2/5 of the Cap Gains exclusion.

Just be smart with your lease agreement so that you have the flexibility to sell when that time comes.

Sent you a message in case you are still looking. I have a few smaller electricians that are great for that type of work.

Maroof, have you had any luck finding a property manager that is a good fit for you? I operate a small shop servicing Lakewood, CO. Feel free to shoot me a message. Happy to tell you all about how we operate and, if I am not the right fit, I can still point you in the right direction after a quick discussion about your priorities.

Matt, Not many PM companies offer just leasing services, but here is one Denver Company that you might want to reach out to about that service. https://www.rentalfriends.net/find-a-tenant-