All Forum Posts by: Mark Douglas

Shayne Fee quarterly inspections might help to mitigate some of the larger issues, like the molding coming off the walls. As far as dealing with issues at the end of the lease, the security deposit should cover most of the issues that come up.

@Account Closed  Thanks for the feedback guys!  I'll remove the bank & tax return portion (though I've rented an apt that required bank statements..lol)   And yes, I'll definitely look at the entire situation to be fair to everyone

Thanks !

@Account Closed  The score is derived from the credit history.  It isn't a hard and fast rule, but generally speaking, the higher the score, the more reliable the credit history has been with regards to timely payments, length of accounts, fewer inquiries, etc.  Maybe it's the mortgage underwriter in me  from my 9-5 job :) Of course I'll actually read through the trade lines, but the score is very much a metric, or summary of the whole history.  The '640' is not anything spectacular.  Almost like a B- average in school, if you will.  It doesn't take much to get a 640

@Lou Delricci  Awesome man!  All the best to you ! (Be sure to post in the success stories forum when you close !  Super motivating for people to see) 

thanks kim!, sending a PM

@Kim Meredith Hampton  Working on it, but it's pretty basic:  Gross income should be 3x rent,  Minimum credit score of 640, and I'll have to look at criminal records on a case by case basis.  Also, all properties are no pets and no smoking. 

Does it sound ok?  I don't know if that's enough..it feels like it isn't but I don't want to have so many requirements that I don't get applications in

@Rick S.  thanks for the info !

@Michael Pendleton  Sure thing man !  All the best to you

@David Zheng That's awesome man !!!  I LOVE the idea of sharing your successes on social media, so people in your personal network can see you're doing this in the real world.  I'm going to try that myself. 

SN:  Sign up to be a guest on the BP podcast ! :) 

@Mike Cumbie  thank you mike! *google search* haha it seems awfully time-consuming to have to send a letter to each person..I'm picturing the larger 100+ complexes....  I'll look further into this for TN requirements.. thanks !