New Property Owner Real Estate Imvestor

[Andre Hammond]

Hello, new Property owner here. I have 1 multi unit and 3 single family homes. I decided to join bigger Pockets because searching through google of my concerns led me to sign up and hopefully get answers to my questions.

I am currently going thorough 1 eviction, 1 chargeback/dispute, and one tenant that nsf and vacated the property after 1 day saying they didn’t feel safe living there. No crime was reported that day and the police was never called. Was charged merchant fees because of them and unable to obtain it back because their lease is inactive “thanks doorloop”.

Doorloop has been the downfall of my business as far as transactions has gone. I’m hoping to learn from any and everyone’s experience so that I can see a brighter light at the end of this tunnel. My partner and I will go above and beyond to make someone safe and satisfied but I guess we have to look at this with a business eye. Right now very hurt because of these circumstances. 
thanks for allowing me to share.

[Corby Goade]

Welcome!

The simple answer is that you can hire a property manager to ensure that your experience is passive and you remove the personal interractions with your tenants. 

Screening is the most important part of your business. If you don't screen thoroughly and have a specific process that you follow every time, you'll end up having tenant issues. 

If you choose to self manage, for starters, follow the HUD screening best practices and that will help tremendously.

I wrote a BP blog on how to screen appropriately, you can read it here. 

Best of luck!