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Updated over 3 years ago,

User Stats

42
Posts
6
Votes
Mike S.
  • Cambridge, MA
6
Votes |
42
Posts

100% passive rental income using NestEgg software?

Mike S.
  • Cambridge, MA
Posted

Was looking in NestEgg and other softwares that routes maintainence calls to vendors after they troubleshoot the tenant/unit issue via app or phone call 24/7. They have vendors they work with and you add your own that hopefully know yr property inside/out.

What I do NOT need Nestegg for as I already have these automated ;

1.)All the marketing, tenant screening, pricing, lease writing is done by a realtor and free to landlord, as here in Boston tenant pays full month finder fee and realtor is happy to take to take on exclusive listings. I just sign the lease after they do their thing.

2.)Would have a vendor thats setup to do turnovers.

3.) paying confo fee, mortgage, heat etc bills its all been setup to pay by my bank automatically years ago.

4.) On the lease we specify they signup for automated digital payement but believe nest egg can send reminders if the tenats are late

What i am confused on is :

I know there may be questions from new or existing tenants asking where does garbage go or maybe they have noise conplaints from neighbors but id gather one of these softwares has a section for your tenants to find common questions and answers or maybe I just provide that info to the NestEgg folks and they relay that info

I like the rentals to be as passive as possible BUT i also like and dont mind to answer in depth questions the management software company may have and dont mind talking or researching for hours or days( if thats what it takes) with my construction vendors ,whom i am good friends with. I just dont want to be in contact w the tenants or make any time commitments .

I just like the idea of the tenants using the nest egg app to upload a video or pic of a problem and having the instant reponse... Maybe its too good to be true.. Ive never used it .. Curious if anyone has and their thoughts! I think nestegh is 29 per property. Local Pm would be around 200 and dont mind paying if Im getting a huge benefit...

Cheers

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