374: Rookie Reply: Screening Tenants, Using Hard Money, and Raising Rents

MAR 1, 202434 MIN

374: Rookie Reply: Screening Tenants, Using Hard Money, and Raising Rents

MAR 1, 202434 MIN

Description

Every landlord wants the best possible tenants in their rental property, but of course, this doesn’t happen by chance. Today, we’re delivering several tips to help you improve the screening process, work seamlessly with inherited tenants, and raise rents without pushback!

Welcome to another Rookie Reply! In this episode, we not only talk about dealing with tenants but also get into the different types of hard money loans and how to use them. Is an accessory dwelling unit (ADU) attached to the property you’re looking to buy? We discuss how showing its potential income can help you qualify for a loan. Finally, real estate investing is no walk in the park, despite what social media might have you believe. Stick around as we touch on some of the hard truths that new investors should know!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

How to screen tenants for your rental (and the three types of checks you need to run!)

Why you NEED estoppel agreements when inheriting tenants

Different types of hard money loans (and what they cover)

How to bolster your loan approval odds with accessory dwelling unit (ADU) income

The hard truths people DON’T tell you about investing in real estate

And So Much More!

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