All Forum Posts by: Pitt Browser

Thanks all!

I'm just starting to use TenantCloud to manage my property.. the background check option within TenantCloud is from 'Checkr' and the landlord has to pay for the background check. Are there any other options available whereby I can have the potential tenants process and pay for the background and credit check and then I get the report? Or is it ok to just run the check through TenantCloud (so that everything is in one place) and then have the potential tenants send in payments for the check... issue there is if they don't qualify.. the may not pay up. Just understanding my options..

Hi - We're looking to invest in our first investment property and had a couple of questions.. 1. With the property being an investment, what are the chances of getting a 5% down loan? If slim, what is the typical down payment? 2. Does it make sense to use a home equity line of credit for the down payment? 3. Is the main goal of rental property investment to capitalise on depreciation? When looking at new construction properties, it seems like the net cash flow is minimal. Is that the norm? 4. Can depreciation from rental properties be used to offset regular income? Thanks