Showing company for turnover?

Question

Hello! New investor here of 5 months! Purchased a duplex with two great tenants. One lease is up in September so I’ll have my first turnover that I’ll be dealing with. The unit is in good shape I’ll just make sure after they leave. Here is my issue. Once I put it up for rent I don’t have the time with my w2 work schedule to physically show the property to tenants to be rented out. Does anyone know anything that could help me with this situation? Thanks in advance.

Nicholas L. · Answer

@Star Reid

yes, most property managers will do a showing, screening and placement package for one months' rent.  call a bunch and ask.

Drew Sygit · Answer

@Star Reid showings wll actually be the easy part.

What are you going to do about:

1) Rental applications?

2) Screening applicants

3) Executing a lease

All complying with Fair Housing Act, federal, state and local laws?

A good PMC can assist with all of that for a Placement Fee.

NEVER trust a real estate agent to do your screenings, as they have a conflict of interest - they won't have to deal with any tenant issues once you pay them their commission.

Adam Bartomeo · Answer

Not only do most property managers have tenant procurement packages, but you can allow self-showings. "Code box" sells lockboxes that change codes for every showing. You can capture the potential tenants vital information and send them a lock box code so you do not have to be present.

Tonya Spivey · Answer

You can also contact a local real estate brokerage, like Keller Williams or Re-Max, to see if there are any new agents that want to make a little money holding an "open house" for prospective tenants or could they be available for indivudual showings. One of the new agents on my team did that for one of our clients that bought a house as an investment property. We can't screen or place tenants legally in my area but showings are fine. They are used to chatting with folks to find out what/why they are movings so could be helpful if you don't want to go property management route.

Pierre E. · Answer

- @Star Reid - Congrats!Lease Management - Avail.co, Apartments.com, Buildium, TenantCloud,  - many others - they can List For Rent, Schedule Showings, Provide Applications, Screen Tenants, Setup Leases, Setup and Manage Rent Payment, and other things (keep track of maintenance, keep track of expenses and make reports for accountants etc) Tenants like it because its online and makes it clear what they need to do - This also helps answer Drews question to you. - Showing a property - I have less to say on this one, looking for ideas myself. You could pay a friend for showing and handle the rest electronically online.  You could schedule showings during a time frame you are available and require people to pick those slots. You can hire an agent just to show and be a body if they are willing, While its not perfect, ChatGPT is a great tool to ask initial questions and get a launching pad (always verify what it tells you)  - @Drew Sygit - Good point about getting someone to help you with screening if they dont have any "skin in the game" so to speak. I wouldn't say "Never" or "always" to most things though. Plus you can still communicate with them and choose who you want.  I have not had a good experience with property management. And so many tools out there exist to assist with self management.

Showing company for turnover?

Most Popular Reply