Before you purchase it, the buyer broker should assist in what the cost and expenses will be as opposed to what income you will bring in from it. You should hire the property manager after you purchase.... more
Affect on my credit scoreA credit report will be requested during my pre-qualification of a loan from a lender, how many points will be deducted from my current credit score during this process, and how long will
San Mateo upgraded its levees in 2012. South Shoreview and Parkside are no longer in a flood zone. See http://www.cityofsanmateo.org/index.aspx?NID=1796. The house you mentioned is in North Shoreview (north of the creek at 3rd) which unfortunately is still considered a flood zone AFAIK.... more
Yes a 60 day notice if they have lived there for more than 1 year. That is the case in most bay area cities. San Francisco and others rent control cities have other landlord obligations. Having a lease or no lease really does not affect the situation once they move in.... more
A better way to verify employment is to look for a regular direct deposit through bank statement. This way, you will not only know who is the employer, but also the income and pay frequency.
If you are worried about fake bank statement, you should consider use an electronic bank statement service such as Tenantify (https://tenantiy.com). I am the founder of the company, so I am a bit biased. But we did help landlord solve a major pain point in verifying employment and income.... more