I finally have some applicants that may pass the background screening.

But new mortgage applications remain frozen.

I had to fire them and hire a new manager who charges 10% of base rents (~$318.50/month).I’m now cash-flow negative.

Make sure you have all of the necessary information, proper documents, etc. applicable to that specific state.

Keep the installation invoice, permit info if applicable, and the retest report in your disclosure packet so the next buyer sees “issue found, fixed, verified.”

We’re seeing a lot of applicants with credit scores below 550, some with falsified income, and others with outstanding landlord debt who refuse to resolve it.A few lead sources that have consistently worked wellfor our community include Zillow (most affordable), Apartments.com,and Facebook Marketplace.

@Tylere Weaver just because you think your lease is, "battle tested", does NOT mean it complies with all federal, state & local statutes.Judges/courts typically ONLY look at the part of a lease that is applicable, plus betting your lease contains the standard, "joint & severable" language - meaning even if one part found to be "illegal" the rest of it remains enforceable.Also, there have been three federally required changes to ALL residential leases in the last 10 years - have you updated your lease for them?

In jurisdictions with applicable short-term rental laws, government officials can use the City Portal to search for listings in their registration system and take action on listings they determine violate local regulations.”From:https://news.airbnb.com/new-city-portal-features-to-help-gov... 

Owners hate that PMCs charge them - for anything!

Lying on a mortgage application is a federal crime, as Letitia James Attorney General of New York, is finding out.