Landlord and property manager pain points and solutions to those pain points

[Thomas Hopkins]

I am a landlord in San Francisco, and the creator of an online application and tenant screening software and I am writing to ask fellow landlords and property managers what their biggest pains are. Is it listing your property, generating leads, deciding on an adequate listing price, tenant screening, uncertainty / fear of selecting a bad tenant, rent collection, etc.? How do you mitigate this pain? Have you ever considered using an online software? If not, why not? I am not using this information to sell my particular solution, I am reaching out to this community of landlords and property managers for help determining if there is a big enough pain for landlords and property managers that is worth solving. And if there is a big enough pain, are there good software solutions are out there that are being used?

Thank you in advance for your responses,

Thomas

[Jeff Rabinowitz]

@Thomas Hopkins, I manage half of my properties and hired a property manager for the other half. I expect I will transfer more properties to my manager as they become vacant. (I have several long term tenants so, I hope, this will be a slow process.) I do not like showing properties or doing the lease ups. This, and the ability to spend less time on the properties, were the main reasons I hired management.

A feature of management software which could be quite valuable, if it existed, would be a platform that could track the amenities in other homes in my neighborhoods and compared the rent amount in those homes to mine. This could be quite useful in setting rents or deciding if an improvement/upgrade might be profitable or might be a good competitive choice.