All Forum Posts by: Casi Rice

Quote from @Ryan Konen:

Congrats on your journey!

1. Transition smoothly- Notify tenants of the change professionally, provide clear contact info, and collect all records from the property manager.

2. Gradual transition Moving one property at a time is smart so you can learn as you go and avoid service gaps.

3. Renewals and rent increases- Research market rates; 3% is fair, but adjust if you’re far below market. Provide at least 60 days' notice and explain any increases clearly

I agree with Ryan. Along with the price increase, do a market survey where you find comparable homes (on rentler for example) and see what their rents are. This will give you an idea of where you can be priced at with factual data rather than guessing a 3%. 3% could be sufficient but the data will help you be confident in your decision. Hope this helps. 

Quote from @Bruce Woodruff:

Silly question I guess, but when you're putting a property on the market and uploading pictures....what do you go with first? 

1) Overhead showing red property line, then the front and then all of the inside, exterior at the end?

2) Overhead, exterior, interior?

3) Exterior, interior and overhead at the end?

4) It doesn't matter?

I say front exterior, interior, back exterior, overhead. I would suggest creating a story with your pictures so the flow is nice. Example, front exterior, front door, inside entry.. etc. Hope this helps. 

Quote from @Nicholas L.:

@Casi Rice

hi.  this is a good question.  i don't know the whole answer.  a lot of investors transact off market, and so they just don't need an agent for that.  i think your best bet is to try to build a network within the investing world so you're positioned as a hub, someone who knows a lot of people, and see a lot of transactions.  

i doubt you will be able to generate enough commissions from "investor" transactions, especially early on.  so you need to be going to meetups, getting to know investors who source off market deals, getting to know investors who want agents to list if and when they need to list for any reason, etc.  in short, it's going to take a lot of networking and time that doesn't initially have any revenue attached to it.

hope this helps

I agree, it will be a lot of networking but I am ok with that. I have a helper mindset and I know that if I help someone get the outcome they are looking for, it can benefit me later on. It’s never a here and now, I feel as though that mindset would set me up for failure. Thank you for this feedback, i appreciate you taking the time to give me your two cents. I plan to just learn from those all over bigger pockets as well as my local investment group. Again, thank you! 

Quote from @Jason Wray:

Quote from @Casi Rice:

@Jason Wray your prospective is greatly appreciated! I do like getting know what what my clients want and that not everyone is the same. I agree communication is huge (with anything in life). I think when everyone is on the same page, it saves a headache. I am going to put this feedback in my notes to refer back to. Thank you again, I greatly appreciate it.

Casi,

Would love to Network and connect I do not have an agent in UT as of yet I had one but tshe retired last year!  Be great to send you my customers looking for a new home I work with a lot of investors Nationwide.

Happy retirement for her! I appreciate your feedback and would like to connect if you have any needs in Utah. Your kindness is greatly appreciated. Have a wonderful Sunday! 

@David Griffin just like @Corby Goade said, you just need to give 24 hr written notice in order to enter, regardless if they are present. I always take a picture of it posted to the door. If you use the Timestamp app, it will use gps to date/time/address stamp the picture for you. You could always read your lease and find the wording to reassure yourself as well. 

@Jake Andronico I really like that saying! A good motto to go by and I feel as though I already do that so that helps me know I am on the right path. Thank you for taking the time to provide feedback! Greatly appreciated. 

@James Hamling Thank you for this reply. I agree it is a service business. Straight and to the point, I appreciate it! I will add this to my list. Again, thank you so much! 

@Jonathan Greene Hello! I am new to the bigger pockets community and feel as though maybe my last post was guilty of this and wanted to ask if you could take a look? I did put in there that I am not looking for business. I genuinely want to learn. I posted it in the "getting started forum". Do you see anything wrong with what I posted and if so, could you explain? I definitely want to use the platform properly and not annoy others. Thank you.

@Shannon Bloomfield Hello! I am in the same boat. I found a local investing group to join so that I can learn aside from this platform. If you go to my profile and scroll to the bottom to my recent forum activity, you can click on my recent post and read the replies I received so far. It may be beneficial for you. Welcome and good luck! 

@Gladimir Lobo Thank you! I totally understand not wanting to teach me as we go which is why I am proactively learning to become a better asset. Everyone's tips have been so helpful thus far. I have learned from property management that boundaries/expectations are a must for both parties so that we can come to the common goal and avoid the burnout. I look forward to when I am able to help people grow their business. Thank  you, Thank you. Have a great day!