All Forum Posts by: Ken Louie

My questions is : Property purchased for $135K and rent is $1700 and current value is $400k.  Should my annual rate of return be based on the original price or the current valuation?

The applicant's story was that he vacated the property due to rodent and or bug infestation. I'm assuming he did not leave on good terms with the landlord and hence the omission of the information.  He is not interested in my property anymore so the process continues.

Thanks to everyone for your contributions to my question.

I suppose I should ask the applicant about those two addresses that he left off.  Other than that the background check was clean, no evictions, no criminal records and previous landlord references checked out.

Background check reported 2 previous home addresses that was left off the rental application. These 2 are immediately prior to the current address. Leaning toward not approving this applicant since omission is same as untruthful.  Would you reject also?