Do you recommend increasing the security deposit? 

Given the dynamics in this particular market, it will be difficult for him to secure a similar house and then fully furnish it while working 6 days per week on his contract. 

Look for a screening provider that offers income verification through a secure bank connection.

Investors earn steady returns secured by real estate, and you get the funding you need to build your portfolio.Private lending isn’t just for people who can’t get bank loans—it’s for investors who want control and speed.Anyone here used private funding for a deal?

Real estate attorneys play a huge role in keeping deals smooth and secure, so your insights will definitely be valuable here.Looking forward to learning from your contributions, and I’m sure others will appreciate having you as a resource.

I’m glad to be here, and I’m looking forward to learning from others while sharing what I’m seeing locally.Here are a few observations from my side:In Phoenix, the model works best where floor plans allow for simple bedroom conversions, tenant demand is strong, and zoning is not a big obstacleRents in this space have stayed solid even while the luxury rental market has softenedNationally, PadSplit recently crossed 25,000 units in 25 cities and secured $40M in Series B funding, which shows how much demand exists for workforce housingFor those of you in other markets, are you noticing similar trends with shared housing or workforce housing?

I have been pretty active on these forums, have helped several investors secure financing and have built my reputation from the bottom.

No other security measures.

Strong in-place rents and minimal CapEx.I’ve secured a capital partner for the down payment and am finalizing docs this week.

I also work with a lending firm that helps investors secure funding to grow their portfolios, so I enjoy seeing others in the community step up to support beginners.