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All Forum Posts by: Benjamin Lenz

Benjamin Lenz has started 11 posts and replied 37 times.

Quote from @Nathan Gesner:
Quote from @Benjamin Lenz:

zInspector is a software I use and it has a "self inspection" feature. You can send the tenant a link, they open it, the software guides them through taking pictures and adding notes, then you receive it for review. If something is missing, you send it back for them to fill in the gaps. Once it's acceptable, you approve it.

I know some property managers that swear by it. I personally don't allow my agents to use it because I want them putting eyes on the property. It's easy for a tenant to hide something behind furniture or use creative angles. Most people are honest and most people take good care of their rental, but I still prefer it. As a property manager, I'm paid to protect the owner's interest, so I'm not taking shortcuts. Besides, I'm in a small town where most properties are within 10 minutes of the office.

If you are the owner of these properties or if you have 30-minute commutes (or more) then self-inspection may make sense. I would just warn that you really think through the process and figure out how to prevent the Tenant from cheating.

This is helpful. Thank you for your input, Nathan!!

Hi all! 

I have some MTR furnished units for travel nurses and the like in the Bay Area that I'm self-managing, but I may start travel nursing myself soon. I'm curious if anyone has any software recommendations that allow tenants to perform the move in/move out property inspection themselves? And if so, do you think it's reliable and/or a good idea? The turnover between my furnished units will be frequent enough that it would save me the headache of trying to find someone reliable to do them or from having to travel myself. I've done a google search but everything seems expensive or for clients with a substantial amount of units. Thanks! 

Post: E-signature software for leases in PDF format?

Benjamin LenzPosted
  • Realtor
  • Walnut Creek, CA
  • Posts 39
  • Votes 19

Hey everyone! 


I'm wondering what programs people are using for tenants who don't live in the area yet and need to sign the lease remotely via e-signature. I currently use LawDepot to download my state specific California residential and then save it in PDF format, but then want to e-sign it myself. I'm not as concerned with how the future tenant will e-sign it as they can always print it out on their end and sign it, scan it, and send it back to me, but with that said I'm not even sure if that's legally binding? Any suggestions would be helpful. Thanks!

Ben

Post: Need property manager for mid-term units on furnished finder

Benjamin LenzPosted
  • Realtor
  • Walnut Creek, CA
  • Posts 39
  • Votes 19

Hello BP! I'm wondering if anyone has any suggestions on finding a great manager for furnished finder listings that are typically rented out on a month to month basis (usually stay for 13 weeks with the possibility of extending) in Walnut Creek and Concord, CA. I specifically would like help with the physical move in/move out inspection/documentation, inventory checks/replenishing (units are furnished), and making sure unit is cleaned properly during turnover. I basically needs boots on the ground for when I'm out of town, but I am comfortable managing the screening process, lease signings, majority of tenant communication, etc. If you have any thoughts on how to find a person of integrity who provides these type services, please reach out! 


Ben

Quote from @Todd Lennig:

@Benjamin Lenz as a bookkeeper i ask for read only access.  Which is exactly what it sounds, I can see but can't touch your money.  You are correct, I ask for that access, so I can see statements and check images.  Sure you can do what Allan recommended, but in my experience business owners don't have the time to do this.  And it slows my work down by about a week.  Also, make sure you are reading the fine print of where you store your data.  I would never ever, ever give full access to your accounts.  The key is the read only access, which most banks have for free.  Let me know if you have any questions.  Happy to answer them.

This is very helpful. Thank you Todd!

Hey BP! 

I've read articles on the forums here about the importance of hiring a bookkeeper if you're like me and dread spending valuable time doing  accounting. What I'm curious to know is, how safe is it to grant bookkeepers your personal account access? I link applicable bank accounts to programs like Stessa, so I'm guessing I would need to grant them access to my credit card and bank accounts so that they can reconcile and check entries that are automated, or add/modify entries when needed. Any advice on how to set this up safely? 

Thanks in advance!!

Ben

Post: Why you shouldn't build a Jr. ADU in California

Benjamin LenzPosted
  • Realtor
  • Walnut Creek, CA
  • Posts 39
  • Votes 19
Originally posted by @Daniel Hoghoughi:

I'm currently in the JADU + ADU process myself in the San Fernando Valley. Just submitted plans w/ my architect to the city and we are currently going through corrections.

In LA you sign a covenant with the city that you will not short term rent out the JADU and that you, the owner, will either live in the main house or the JADU. If you dig deeper though there is a stipulation in AB 2046 that says if the property is apart of a land trust you are exempt from owner occupancy. 👌

This is great info Daniel! Thank you for sharing. Unfortunately my residence does not fall into any of these categories. 

Post: Why you shouldn't build a Jr. ADU in California

Benjamin LenzPosted
  • Realtor
  • Walnut Creek, CA
  • Posts 39
  • Votes 19

@Bob Friedman oh that's great I'll have to get in touch when I'm ready to start my ADU project!

Post: Why you shouldn't build a Jr. ADU in California

Benjamin LenzPosted
  • Realtor
  • Walnut Creek, CA
  • Posts 39
  • Votes 19

@Bob Friedman thanks for writing. I don't have any recommendations because I haven't proceeded with an ADU project yet. The home I own in Walnut Creek has an existing ADU which I live in, and I wanted to convert my garage into an additional studio unit. I wrote this post because the jr. ADU just didn't make sense to me as an investment due to the laws associated with them. I would be really curious to hear updates on what you've come up with for your ADU project as I do hope to acquire another SFH within the next year and add an ADU to the home. From my own basic research it appears that many of the ADU companies have lenders they work with, but I don't know that those would be the more creative or favorable terms out there. I wish you much success with your project!

Post: Accessory Dwelling Unit DIY

Benjamin LenzPosted
  • Realtor
  • Walnut Creek, CA
  • Posts 39
  • Votes 19

Hi Kat! Looks like you guys are doing amazing work. I am looking to buy my next property in Walnut Creek area in the next year and will hopefully be adding an ADU. I would totally read your stuff to gain some insight!