All Forum Posts by: Gerardo Castillo
Gerardo Castillo has started 4 posts and replied 19 times.
Post: My First Investment in Real Estate in the US
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Investment Info:
Single-family residence buy & hold investment.
This is a single-family home, and I am planning to put it in the Section 8 program.
I would like not only to invest in real estate but to provide people with housing.
What made you interested in investing in this type of deal?
I would like to make meaningful investments and look to contribute to the Section 8 program.
This property has a 3bd 2ba with 1,481 sqft that makes a comfortable home for a family.
How did you finance this deal?
As this is my first investment property I bought it with cash.
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Nathan Murith:
Quote from @Gerardo Castillo:
Hello everyone:
I have bought a property in Montgomery and wanted to rent it through the section 8 program.
I will manage this first unit on my own and see how difficult it is. My question is, which website do you recommend for the tenant background screen and credit report?
I appreciate any help you can provide.
Gerardo Castillo
Full disclosure, we use property management, so cannot speak from experience.
That said, we have done our research and keep contemplating managing some of our properties. I know rentredi always comes up as a preferred solution as well s might even be a BiggerPockets partner.
I also like Hemlane, a solution that is somewhat between self-management and having a property manager, I would look into it.
In either case, this site has a ton of resources including section on rent collection and tenant screening. https://everyreitool.com/categ...
Thank you Nathan.!
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Paul De Luca:
Quote from @Gerardo Castillo:
Hello everyone:
I have bought a property in Montgomery and wanted to rent it through the section 8 program.
I will manage this first unit on my own and see how difficult it is. My question is, which website do you recommend for the tenant background screen and credit report?
I appreciate any help you can provide.
Gerardo Castillo
I like using Zillow Rental Manager.
Thank you Paul.!
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Drew Sygit:
@Gerardo Castillo upgrade to BP Pro and use RentiReady software for free (but still have to pay for background)
Could also use Zillow
Thanks a lot Drew. I am thinking to upgrade again for BP Pro.
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Reid Chauvin:
@Gerardo Castillo - I have had success just using Zillow to both market and screen tenants. Prospective tenants can apply through Zillow (I think its $25 or so); you get a background check, a credit score with list of accounts and collections, and applicant can upload income documentation.
Thank you Reid..!
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Mary Smith:
@Gerardo Castillo We use the Innago software to manage our rentals and have been doing so for years. They offer tenant screening services through TransUnion. We usually do a full screening on our tenants, that includes a credit, criminal and an eviction check for $35. Innago structures it to having the applicants pay for the screening, making it very easy on my end. As soon as an applicant completes their application, I receive a copy of their screening reports within minutes and I am able to review them.
Thank you so much Mary..!!
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Randy Rodenhouse:
I use Smartmove which is a Transunion product (website is mysmart move.com). It is very easy to use and costs around $40 for background, credit and rental history. The credit is not a FICO score but gives you a list of accounts and the ones not paying etc and they have their own score system.
Hello Randy, I appreciate your advise..! Thanks a lot.!
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Mitch Lowe:
I've used tenant background search. It does a good job, but looks like its straight out of the early 2000's.
Thank you so much Mitch..!!
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5
Quote from @Eliott Elias:
Wether the experience goes great or terrible, hire a property manager. Stop self managing property.
Hello Eliott, thank you so much for your advise. Actually my intention is not to manage my future properties but I would like to leverage that I only have one to learn how is it. To learn with the practice. Then I will hire a property manager and delegate that task.
Post: Recommendation of tenant Screen website and credit score
- Real Estate Agent
- North Carolina
- Posts 19
- Votes 5