You probably need an Agent/Agency that represents insurers that offer commercial insurance forms for habitational properties (non-owner occupied)...whether in FL or not...
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I love one bedrooms. They are ususally rented by older people who are more stable and do not have kids. My one bedrooms have much less wear and tear and stay rented longer.
I totally agree that it really depends on the area. In a lower income area, they are really hard to keep rented. You often get single people that often find a partner and move out. Rarely have I had them stay for more than a year.
However, in California, we manage several one bedroom condos in a very nice area and building. We have not had any problem renting them but again, after one year they usually are thinking about buying or finding a bigger place.
I get the prospect to go to myfico and buy the FICO Standard product, which makes their credit info available online immediately for just $16. Then I get them to give me their current password. I immediately log on and get a copy of the report, then they change their password...
I am interested in your suggestion about using myfico personally with mortgage bankers/brokers. I have tried that with my broker and his reposnse is that unless they pull it themselves, it is not official. He alluded to some law. How did you get past this? I have been the victim of too many credit pulls and would like to find out how to avoid this.
No, I think you might have misunderstood. When shopping to see who could get me the best rate/financing terms, etc., I provided this info. to a couple different brokers so they could see my fico scores and credit history and quote me accordingly. This allows me to get 3 different accurate estimates of what they could each do, without any hard pulls on my credit. Once I made the decision on who to use, that broker DID have to do a hard pull from whoever it is they used in order to proceed with the loan. So yeah, they will have to do their own eventually but if you are shopping they can use that to confirm you scores and accounts and quote you without each doing their own pull. Hope that clarifies it a little.
Check with a local REIA-type group...they should be able to refer you to someone...
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You probably need an Agent/Agency that represents insurers that offer commercial insurance forms for habitational properties (non-owner occupied)...whether in FL or not...
[addsig]
It will depend on teh area. Does she currently have tenants. Check out the area and see what rents they can support.
I love one bedrooms. They are ususally rented by older people who are more stable and do not have kids. My one bedrooms have much less wear and tear and stay rented longer.
I totally agree that it really depends on the area. In a lower income area, they are really hard to keep rented. You often get single people that often find a partner and move out. Rarely have I had them stay for more than a year.
However, in California, we manage several one bedroom condos in a very nice area and building. We have not had any problem renting them but again, after one year they usually are thinking about buying or finding a bigger place.
Another idea:
Ask the tenant to pay the screening cost and promise them a full refund IF they pass. [ Edited by d_random on Date 01/16/2007 ]
Hmmm. Interesting.
I get the prospect to go to myfico and buy the FICO Standard product, which makes their credit info available online immediately for just $16. Then I get them to give me their current password. I immediately log on and get a copy of the report, then they change their password...
MC
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Your right, that is a benefit. Good suggestion!
Quote:
multiple pulls which affect their credit, and I get instant access.
tanyaRae,
I am interested in your suggestion about using myfico personally with mortgage bankers/brokers. I have tried that with my broker and his reposnse is that unless they pull it themselves, it is not official. He alluded to some law. How did you get past this? I have been the victim of too many credit pulls and would like to find out how to avoid this.
Thanks.
JS.
No, I think you might have misunderstood. When shopping to see who could get me the best rate/financing terms, etc., I provided this info. to a couple different brokers so they could see my fico scores and credit history and quote me accordingly. This allows me to get 3 different accurate estimates of what they could each do, without any hard pulls on my credit. Once I made the decision on who to use, that broker DID have to do a hard pull from whoever it is they used in order to proceed with the loan. So yeah, they will have to do their own eventually but if you are shopping they can use that to confirm you scores and accounts and quote you without each doing their own pull. Hope that clarifies it a little.