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| A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994. |
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Your Tenant Has Applied For Rental Assistance |
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This is a message that it is safe to say, the majority of our rental owners have received in the last year. The common response from the owner is So what does that mean? Fair question. Other than the obvious (they might get some rent money) it means our hands are now tied at collection until we find out if the tenant will qualify.
It is beginning to appear that the Federal funds, that have twice funded rental assistance over the last almost two years, are not going to be totally distributed for some time. It also seems possible that these programs may be a popular government benefit program for some time to come.
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Why Won't We Share Background Screening Data With Owners? Many property owners mistakenly believe they are entitled to credit reports, background checks and screenings on applicants and tenants for their properties. They are often surprised when we tell them no. Let us try and explain why.
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| Find Your Next Investment!
Check out our current list of Central Indiana investment opportunities!
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