Posts Tagged 'tenant screening'

Section 8 Tenants – 4 Reasons For Landlords To Let Them In

Posted on: January 28, 2011

Categories: Investors, Property Management, Things To Consider

Author: lbuen

Are you walking on eggshells when wooing delinquent tenants to settle their dues lest they might vandalize your rental property? Are you hesitant to acquire and rent out low-cost rental units because you worry about managing problem tenants that commonly rent such houses? You may want to consider taking in Section 8 tenants.

What Are Section 8 Tenants?

These are low-income families who qualify to avail of the Section 8 housing assistance provided by the US Department of Housing and Urban Development. They are given Section 8 vouchers as tokens to their entitlement to such subsidy. Many of these Section 8 Tenants are single mothers with children while a handful of them are grandmothers with grandchildren.

Why Accommodate Section 8 Tenants?

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How Property Management Specialists Make Your Real Estate Life Easy

Posted on: January 26, 2011

Categories: Property Management

Author: lbuen

As the upsurge of great deals rush into your real estate business, you may now be accumulating rental properties with number and locations that may be too much for you to handle. Instead of devoting you time deciding on which next handyman special to acquire, marketing your newly acquired properties or spending your weekend playing baseball with your son, your day may be encumbered with fixing leaky roofs or tackling delinquent tenants. This may be the cue for you to consider turning over the reins of property management to a property manager or a property management company.

Property Management – A Wide Range of Responsibilities
As you may already know from experience, the breadth of property management could be overwhelming, more so that your little realty empire has grown in territory. One of the important things that this

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Tenant Screening: How to Choose a Tenant When All the Tenant Credit Reports Are BAD!

Posted on: September 15, 2009

Categories: Profit, Property Management, Things To Consider

Author: buyfixandprofit

Tenants with a Bad Credit Scores

Rehabbing bank foreclosures, a.k.a REO’s, for long term positive cash flow with little to no money down, will typically require investing in low to middle-low income neighborhoods.  When working in these neighborhoods, there will be times when the pool of tenants to choose from will all have bad credit along with several delinquencies on their credit report.  So how does the real estate investor, rehabber, and/or landlord choose a tenant under these circumstances?

Steady Employment

When credit scores are low and late payments take up the first three pages of the credit report; look for the tenant with a steady a job with at least a year of current employment.  The longer the tenant’s current employment, the better.  Steady predictable income shows that the person is capable of holding on to a job and… Read the rest

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