
13 June 2025 | 57 replies
It's solving a "problem" by generating a bigger more pervasive systemic problem.

2 June 2025 | 8 replies
These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

17 June 2025 | 36 replies
For example the place will be $600K and generating say $40K in revenue??

13 June 2025 | 23 replies
Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

14 June 2025 | 3 replies
Many people with records are challenged in finding employment.

18 June 2025 | 9 replies
.: Any tips for where/how to start drafting SOPs (standard operating protocols) to aid with AI generated guest communications and to train cleaning and handy staff?

10 June 2025 | 6 replies
I'd estimate 50% of potential tenants have given me friends and family as their employer or current landlord reference.

11 June 2025 | 35 replies
With almost 6,000 posts under my belt, I'm curious if I could use ChatGPT to generate content from them.

14 June 2025 | 3 replies
Launder any removable fabric items like curtains and cushion covers with a detergent designed to neutralize odors.Ozone generators can neutralize odors by breaking down odor-causing molecules.

30 May 2025 | 3 replies
Real estate investing can be a powerful way to generate passive income, but managing a rental property isn’t always as "hands-off" as it may seem.