All Forum Posts by: Edward Alvarez

Its happening to me too, I've send out requests that get accepted but don't appear under my colleague's list

I use a walk-through form that has 3 columns. The first column is where you list the condition of the property for the first walk-through you do with the tenent before handing them the unit, which you both check off and sign. I then save this document in their file. When the lease is over and they are ready to move-out we schedule a walk-through again and this time I use column # 2 to check-off the condition the unit was left in. I use words like "clean" "good" "needs replacing" etc... The tenent then signs off, as well as myself. Based on this we decide on the amount of money to withhold from the deposite and make sure its all justified. If you want the form I use I can email it to you. P.S. Their's a form you hand to the tenent which gives them the option to be present or not during the scheduled walk-through.

-Posted by Mike
I can't possibly understand how managing only 40 units could be a full time job. I have a lot more units than that and do essentially ALL the management AND maintenance in about 16 hours per week. The VAST majority of the 16 hours is spent on maintenance and rehabbing, not management.

Hey Mike,
your one super guy doing all this in 16hrs. When I manage I'm talking about maintnance, collecting rents, dealing with vendors, doing 1 year leases and having to do them again every year, marketing, etc... I also do evictions... do you do those as well? I spend time in court, I drive by properties, I'm turning over units. Like I said it depends what your situation is, for me its a full-time job! but I do a hell of a good job...

Hi Guys ,
I'm a property manager in Los Angeles, and I manage a little over 40+ units, and let me tell you its a full-time job! First of all every situation is different. It all depends on the time you have available. I believe a "GOOD" property manager can actually make you more money in the long run. I know many people who manage themselves but miss out on money because they don't know the rules of the game, another thing is getting into trouble by doing the things they shouldn't be doing. So if you plan to manage property please get educated. Even if you plan to use a property manager you should know the basics. Whats easier managing 10+ units or managing 1 property managment company? If they aren't working to your standards, and please be clear about what you expect don't think they should know what you want, just fire them, and find yourself a new property management Co. One more thing if you plan to hire a property Managment Co make sure they belong to a national property management association...

Hi there Vince, I'm sure your feeling excited and nervouse at the same time... Just keep your cool, read through the questions, and play the process of elimination game. I'm sure you studied and feeling confident, right? It typically takes about 4 weeks to get results back. Just login to the DRE site to check. I checked that site everyother day.. lol