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All Forum Posts by: Drew Sygit

Drew Sygit has started 41 posts and replied 9048 times.

Post: How much info can you request from tenant screening?

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

1) Your rental application should ask for 2 year residency and employment history

2) Ask for DL and social security card

3) Income: if paystubs have YTD amounts on them, why do you need more than latest one? Just average out the income per month!

4) Self Employed: latest federal 1040 and yes, last 3 months of bank statements personal & corporate

5) In addition to credit report, be sure to verify rental history with current & previous landlords. Be sure to check public records to identify actual owners of the rentals, so applicant can't have friend pose as landlord.

Post: Property management company owes money and misconduct - issues

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

1) As you are out of the county, hire a replacement PMC. They can take over management to stop the bleeding and may be able to assist in getting something from old PMC.

2) Hire a real estate attorney in Indiana to send threatening letter to PMC. Cost $100-250 and may be all that is needed.

3) You may need to file a lawsuit and report them to the state real estate board and attorney general.

Post: Hanging license in Detroit

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

@Ronald P.DM us for an intro to a broker that will work with you

Post: Money order to wrong payee

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

@Michael Leeson deposit in your account via ATM with other checks, etc. Banks only check a percentage of these and tend to focus on larger check amounts.

Post: DEtroit evictions allowed

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

@Mariano Marco we are still evicting tenants, but it is much harder.

We are also getting funds from Michigan's EDP find, but that is not easy either

Please DM us with specific questions for further assistance.

Post: Diversify your Power Team?

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

To build on what Joe stated, "like attracts like". So, if you find a good team member, you'd be foolish not to ask who else they can refer you to that they like to work with:)

Do this with EVERYONE, not just attorneys.

Post: Property Management recommendation

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

Why wouldn't you include San Antonio in the subject line of your post to attract better responses?

Post: Property management questionable repair

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

@Peter Shannon why are they charging to install a lockbox? What will it be used for?

Post: Best cash flow neighborhoods in MI?

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

@Rushda Hakim safe and high cash flow may be difficult, but depends on what you consider high. Could you elaborate please?

Post: Topic du jour: are Landlord laws getting better or worse?

Drew Sygit
#2 Out of State Investing Contributor
Posted
  • Property Manager
  • Royal Oak, MI
  • Posts 9,331
  • Votes 6,047

City of Detroit just passed a measure jumping on the bandwagon not allowing conviction histories to be a filter.

COMMENT: When the majority keep voting themselves more & more beneftis at the expense of the minority or government debt, the end is inevitable.