Hi folks - got a few tenant screening questions to add to the dozens of similarly-titled threads:For context, these units are C+ in a working-class neighborhood, and rent for between $650 and $750/mo.(1)  Tenant is a bartender, so their pay stub is not reflective of their true income.  

From a lender's perspective zip code specific data reflects overall the area is experiencing double digit appreciation and it looks like it will continue thru 2017. 

If you plan on improving the Apt. then you might show some investment in the property reflected in the cash flows and also resultant improved NOI - but be conservative. 

See the image below.In declining markets, any market where appreciation and rent increase slower than the inflation rate, the rent today reflects property prices from 2 to 10 years ago.

I've been informed that the extent of validity of the purchase agreement has lapsed (45 days)  and an addendum must be added to reflect the new interest rate. 

Having the lease accurately reflect the current ownership will make any future written notices and/or legal action much cleaner and clearer. 

My issue is, he wants the payment to be reduced roughly 50% to reflect the lower principal amount. 

Have the landscaping performed (pay the bill) and update your tenant ledger to reflect the charge.

To do the 13 hr shift we're talking about here would require the daughter to be an adult, or 18 yrs old.I would never rent to travelling nurses in any case, but if you continue to do so, Wendy, I would definitely change your lease so that the wording reflects your desires for the property.

Make sure you have paperwork drawn to reflect that you are 75% owner and she is 25% and who pays for what.