All Forum Posts by: Rachel Jenkins
Rachel Jenkins has started 0 posts and replied 5 times.
Post: How do you find tenants?
- Posts 5
- Votes 3
Quote from @Michael A.:
Quote from @Rachel Jenkins:
I have clients that. have had the best success with Zillow to find renters and they can also screen. I have also placed signs in the window and yard for them as a drive by still works and placed ads in the local FB groups. There are apps like payyourrent.com that they are using for payments. All my clients are self managing and they are not local to their investment locations. They require them to have a monthly income of 3 times the rent and no prior evictions. Credit score is up to you, as many renters will have poor credit. Hope that helps!
This is helpful. What do you use to collect rent. Is there a free website I can use for my tenants?
They use Zillow for rent collection and background checks.
Post: Taking the Leap. All advice welcome!
- Posts 5
- Votes 3
Many of my clients will utilize hard money lenders like Easy Street Capital to fund their deals. This works for properties that need rehabs. They typically will lend 70% LTV. Once the rehab is complete you refi and that is where you will have your final out of pocket be minimal depending on the numbers. I have had clients complete a deal with $20k or less out of pocket once done.
Post: Just passed my RE exam, what brokerage to sign with?
- Posts 5
- Votes 3
Congratulations!
I would recommend a brokerage that offers additional training as a new agent. I learned more from my brokerage than I did from the real estate school. I also suggest a brokerage that is going to supply leads as you begin to establish your pipeline.
Post: How do you find tenants?
- Posts 5
- Votes 3
I have clients that. have had the best success with Zillow to find renters and they can also screen. I have also placed signs in the window and yard for them as a drive by still works and placed ads in the local FB groups. There are apps like payyourrent.com that they are using for payments. All my clients are self managing and they are not local to their investment locations. They require them to have a monthly income of 3 times the rent and no prior evictions. Credit score is up to you, as many renters will have poor credit. Hope that helps!
Post: What do you charge for Pet Fees?
- Posts 5
- Votes 3
My clients have charged a nonrefundable pet deposit of $250 and a monthly pet rent between $20-$35/mo.