12 Questions to Ask Tenant References
BiggerPockets
MAY 23, 2024
Getting the right tenants is crucial for having a seamless landlord experience. Here are 12 questions to ask tenant references to ensure they're a good fit.
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BiggerPockets
MAY 23, 2024
Getting the right tenants is crucial for having a seamless landlord experience. Here are 12 questions to ask tenant references to ensure they're a good fit.
BiggerPockets
APRIL 16, 2021
Your tenant application should cover much more than the basics of name, address, and references. Get a full snapshot of each applicant with these questions.
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BiggerPockets
JANUARY 13, 2022
A prospective tenant’s rent references can tell you a lot about their rental history. And, checking a rental history report as part of the screening process is just as vital as verifying a prospective tenant's credit history, employment, and income. Here's why.
Housing Wire
JANUARY 10, 2024
million in tenant improvements in North Carolina since 2021, the letter added. Pennymac referred to the letter sent to the North Carolina Economic Investment Committee and declined to comment. Since Pennymac opened doors in Cary, North Carolina three years ago, a total of 68 full time employees worked at the facility as of December.
Housing Wire
AUGUST 18, 2023
The funds will also allow for new housing construction with CDBG funding in declared-disaster areas, and provide flexibility in HOME tenant-based rental assistance requirements “to reduce burden for those seeking assistance.” And, refer to our tips for avoiding scams and fraud that can entrap people trying to help.”
Housing Wire
JULY 8, 2022
And, finally, the House subcommittee reported that the “total number of tenants behind on rent and fees increased by almost two-fold [over the survey period], with tenants with rental arrears increasing from 11.3% in 2021, and the number of tenants with fee arears increasing from 10% in 2018 to 20.7% in 2018 to $205.29
Housing Wire
JULY 20, 2022
How to minimize tenant turnover using online property management tools. Here’s a look at why tenant turnover happens and how to prevent it in the future. An idea occasionally bandied about before, including the 1980s , to increase housing stock, ADU’s are also referred to as, “Granny flats” – a place to house the extended family.
The Robert Weiler Company
SEPTEMBER 23, 2020
Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. Can their references substantiate their claims? Still, find the proof by researching or asking for testimonials.
The Robert Weiler Company
APRIL 15, 2022
Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party). A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord.
Appraisal Buzz
MAY 24, 2021
It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. If you want to be a real estate investor, you wouldn’t necessarily purchase multiple single-family properties when you could fit more tenants into one building. That’s why multifamily homes exist.
The Robert Weiler Company
MARCH 29, 2023
Hiring the wrong property manager can result in missed rent, vacancies, poor maintenance, tenant dissatisfaction, and financial loss. A property manager is a liaison between the property owner and tenants, staff, or contractors. The objective of a property manager is to run the operation smoothly while maintaining tenant satisfaction.
Housing Wire
AUGUST 9, 2020
Trump repeatedly referred to the four signed documents as “bills,” but only Congress can pass bills, which the president then decides whether to sign or not. The $600 a week payment that was part of the CARES Act expired at the end of July. Another memorandum extended deferred payments on student loans until the end of the year.
Housing Wire
FEBRUARY 19, 2024
One of the examples I was researching for this month got a $58,000 partial claim granted,” said Houston-based real estate investor Francois Delille, referring to the partial claim program for mortgages insured by the Federal Housing Administration (FHA). As a company we always work with the occupants. … It’s a win-win.”
The Robert Weiler Company
JANUARY 9, 2022
When executing commercial property for lease in Columbus, Ohio, landlords and tenants each have different perspectives and interests. The standard term for commercial properties for lease is typically three to five years but some tenants need a longer lease term. Ensure your commercial property is ready for a new tenant.
The Robert Weiler Company
MARCH 9, 2021
To maximize profits and maintain good relationships with long-term tenants, the property manager must invest a lot of time and work. That means being responsible for most big-ticket property maintenance tasks like pipes bursting, appliance repairs, and fielding tenant complaints. Ideally, these disputes don’t end up in court.
Movoto
APRIL 24, 2024
Even when renting to most easy-going tenants, things can happen. Screen Tenants Thoroughly Knowing the logistics of how to rent out your house is one thing, but finding a responsible tenant is a crucial next step – and it all starts with good screening. But prioritizing qualified tenants shouldn’t slow you down.
The Robert Weiler Company
MARCH 28, 2021
For tenants, mixed-use space is commonly referred to as a live-work space. Diversity of tenants. Typically, a property owner who rents a standalone retail store or building risks a substantial decrease in revenue should they lose a tenant. What will attract and keep tenants in your mixed-use real estate development?
GoForrmz
OCTOBER 11, 2021
Once submitted and reviewed, new worker forms and data can be instantly routed to Procore, and used to update the Documents tool, the Correspondence tool, and more, for future reference and reporting. Once filled out and submitted, warranty items can be automatically synced to Procore and created as punch list items.
Simonson Real Estate
DECEMBER 6, 2022
Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.
Property Metrics
AUGUST 13, 2020
Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Macroeconomic Risk. Interest Rate Risk.
Lamacchia Realty
JULY 6, 2022
While it obviously refers to how clean you should leave your home or apartment for its next tenants, exactly how clean is broom condition clean? You’ll want to make sure that the apartment is clean and ready for the next tenants. This term comes with different expectations based on whether you rent or own your home.
Eppraisal
NOVEMBER 4, 2022
The hard facts that properties do not maintain themselves; that good tenants do not pop up out of the blue; and that codes and ordinances require active compliance demand time and attention on the part of landlords -- or their designees. Does a Property Manager Competently Screen Tenants?
Eppraisal
APRIL 12, 2024
Home equity refers to the difference between the market value of your property and the outstanding balance on your mortgage. Real estate investments come with inherent risks, including market fluctuations, property maintenance, and tenant management.
McKissock
JANUARY 14, 2022
The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price. A tenant came along with a large dog and was in the house for one year.
CA Realty Training
APRIL 26, 2021
The term “fee simple ownership” refers to one’s complete right and legal privileges over a real estate property. In relation to real estate, it’s referring to property ownership. With fee simple determinable, the condition refers to the property’s use while ownership is being held. But this doesn’t happen automatically.
The Robert Weiler Company
MARCH 4, 2021
Mixed-use commercial property refers to a sector of real estate that combines two or more uses within walking distance. For real estate investors, commercial mixed-use property has two important implications: Tenant attraction and retention. And, why is it reaching new heights in popularity?
Zillow
JANUARY 23, 2018
Come prepared When you arrive for a viewing of the rental property, come with a copy of your credit report, copies of your last few pay stubs, your checkbook, and a printed list of references (including your current employer and previous landlords). Think of the application packet as an argument for why you're the tenant for them.
McKissock
NOVEMBER 24, 2022
Commercial Real Estate Leases In this job aid, you will find a table outlining the five main types of commercial leases and the expenses that landlords and tenants usually bear according to these types of leases. Learn about the benefits of membership. We’ve scoured the internet to share numerous resources and useful links.
Listing Spark
JULY 24, 2023
But if you don’t have insight into property investment transactions, ranging from how to start a search to the particulars about investment property loans, you may have to refer them out or lose them entirely. Lead Qualification Tools for Finding Tenants The more comprehensively you can serve your investor clients, the better.
Boston Appraisal
FEBRUARY 2, 2023
A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit. Usually smaller than the main house, accessory units serve a variety of functions, such as giving family members or tenants extra living space. It is also known as a secondary unit or in-law unit.
Boston Appraisal
FEBRUARY 2, 2023
A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit. Usually smaller than the main house, accessory units serve a variety of functions, such as giving family members or tenants extra living space. It is also known as a secondary unit or in-law unit.
Eppraisal
OCTOBER 31, 2023
Comparable Properties (Comps) Listings with similar specs — lot size, square footage, number of bedrooms and bathrooms, floor plan, and architectural style — as your home sold within the past six months are excellent points of reference when pricing your house. Search real estate listing sites to find suitable candidates.
Eppraisal
AUGUST 2, 2022
Tenants typically don't treat their rental homes like owners treat their homes. Your tenants can always use rugs if they want some carpeting in these rooms. Also, yarn twist is a good metric to look at which refers to how many twists of yarn there are per square inch. Keep in mind however, you get what you pay for.
Berkshire Hathaway
SEPTEMBER 7, 2021
Homeowners Associations, also referred to as property owners’ associations, were first established by land developers in the United States in the early to mid 20th century. Others will require that tenants go through a rigorous screening process and win board approval before they can rent.
Lamacchia Realty
AUGUST 25, 2022
Let’s face it, most of us have been tenants at some point in life. When you see the headlines about the market and begin to get nervous about buying reference these to remind yourself how wonderful it us to own a home. You Control your Domain. Do you like it as much as when you own a place? Additional Resources. June 16, 2022.
The Robert Weiler Company
OCTOBER 21, 2022
It details a broad range of appropriate information within the actual report, with minimal references to files outside the report. Note: A full commercial appraisal is sometimes referred to as a “summary appraisal report.”). Renting commercial space to food or beverage shops or a dry cleaner provides convenience to tenants.
Zillow
JULY 14, 2019
In real estate terms, a stigma refers to an intangible attribute of a property that may prompt a psychological or emotional response on the part of a potential buyer. Related: Tenant Troubles: Who Is Responsible for Problems in Your Rental? 3 Things You Should Know About Preliminary Title Reports.
Listing Spark
SEPTEMBER 27, 2023
You may need to know commercial real estate agents you can refer business to, property management services with an excellent record, contractors that can manage flips within 30 days, etc. This resource can greatly enhance your value to your clients.
Lamacchia Realty
NOVEMBER 19, 2021
Multi-family sales continue to rise, especially as lingering COVID-19 legislation ends and landlords now have less risk of non-payment by tenants. Single family sales have dropped year over year as well as condo sales, but only slightly. Homes Placed Under Agreement (Pending Home Sales): The number of homes placed under contract is down by 9.2%
Will Springer Realtor
FEBRUARY 15, 2022
Now that the moratorium on rent increases has been lifted, many landlords are catching up on lost revenue and higher costs by raising the price to be one of their tenants. We are referring to out-of-pocket costs before the keys are handed over. Mortgage companies tend to skew scores lower than what consumers see online.
Zillow
NOVEMBER 24, 2016
By Barry Bridges The term “mother-in-law apartment” seems straight out of the Don Draper era - a sardonic reference to strained relations between married couples and parents. ADUs are also referred to as mother-in-law suites or guesthouses. The purposes and desired rewards of ADUs vary.
Property Metrics
APRIL 7, 2022
Depending on the context, yield on cost is also commonly referred to as the going-in cap rate, development yield, return on cost, cost cap rate, or build-to rate. After acquisition your plan is to vacate all tenants and start a large renovation of all units with a total construction budget of $750,000. Yield on Cost Formula.
Zillow
MAY 31, 2016
Lenders refer to these as occupant co-borrowers and non-occupant co-borrowers, respectively. If borrowers take title as joint tenants, the occupant and non-occupant co-borrowers will each have equal ownership shares to the property. Is the co-signer expecting to retain an ownership percentage of the home?
Lamacchia Realty
JULY 31, 2023
Ron, Dawn, and I have been friends and referring one another business for over 17 years. All buyers, Sellers, Tenants, Landlords, Realtors and other brokerages in the area should know that it is business as usual at the company. They are experts in the local market and made a name for themselves through providing excellent service.
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