All Forum Posts by: Ben Scott

Do you require the Rewards Benefit Program on all your leases? Or give the tenant and option to opt in or not?

Biased here but I think Oklahoma City has strong potential for continued growth. We'll get a new arena for the OKC Thunder soon, unemployment continues to be low and the market is less reliant on the oil and gas industry that in the past.

Great thanks @Michael Smythe, in your experience can you itemize the tenants that have the Resident Benefit Package? As in, can some opt in and other opt out? Watching the demo video now.

Property manager here. As we continue to grow doors, we're exploring the idea of purchasing renters insurance for our tenants and extending the cost to the tenant for a monthly fee. Any preferred vendors for this and recommendations on the best way to set this up? 

I guess my questions is: could I purchase one policy that would cover the tenants in multiple units?

Probably 3 months until everything is stablized. But you can arrange to get paid in the interim. 

We have one Sec 8 property. You will be overwheled with interest as many people have vouchers but cannot find housing. Also, you WILL fail your inspection. At least the first one. Usually as long as their are no life threatening issues (no HVAC, windows won't open, no hot water), the housing authority will began to pay the rent and give you time to address the required repairs. It can be a huge pain to get started but you do get your rent direct deposit every month.

Forest Lumber is a good one. Longtime OKC company

Eric Davis with Alexander & Davis.

Welcome to BP! Let me know if you need any intel on the Oklahoma City market.

Any agent who has worked with investors or owned their own rentals would have a good idea of the costs of maintenance and repair. Those agents are looking for a relationship versus a quick sale. I've found a realtor's network of vendors is a great resource versus the agent actually doing the fixing and flipping.