All Forum Posts by: Dale Lotts

Hi Everyone! I have several units and I work full time, so I work hard to automate my rental business as much as possible. So far so good! Tenant screening is working great once the tenant moves in! Three evictions in 17 years, rent collection is automatic via ACH, maintenance is always preventive so late night or emergency calls from tenants, etc. I have recently changed to having only one group showing a few weeks after the current tenant gives notice that they are moving out. Now I find myself spending a lot of time screening tenants for the showing ( no need to invite someone that won't qualify to rent when they apply) This pre-screening takes at least 20 minutes per tenant- if I get 10-20 calls it takes much too long to screen all of these prospective tenants. My goal is to have exactly one showing with 4-5 prospective tenants that are highly likely to qualify if they apply - in my experience, of those that look at the property, at least 2-3!will apply. Am I going about this completely wrong? Does anyone have a better way to pre-screen prospective tenants? Any other advice on this will be welcome!

Hi Everyone! I have several units and I work full time, so I work hard to automate my rental business as much as possible. So far so good! Tenant screening is working great once the tenant moves in! Three evictions in 17 years, rent collection is automatic via ACH, maintenance is always preventive so late night or emergency calls from tenants, etc. I have recently changed to having only one group showing a few weeks after the current tenant gives notice that they are moving out. Now I find myself spending a lot of time screening tenants for the showing ( no need to invite someone that won't qualify to rent when they apply) This pre-screening takes at least 20 minutes per tenant- if I get 10-20 calls it takes much too long to screen all of these prospective tenants. My goal is to have exactly one showing with 4-5 prospective tenants that are highly likely to qualify if they apply - in my experience, of those that look at the property, at least 2-3!will apply. Am I going about this completely wrong? Does anyone have a better way to pre-screen prospective tenants? Any other advice on this will be welcome!

Hi Everyone! I have several units and I work full time, so I work hard to automate my rental business as much as possible. So far so good! Tenant screening is working great once the tenant moves in! Three evictions in 17 years, rent collection is automatic via ACH, maintenance is always preventive so late night or emergency calls from tenants, etc. I have recently changed to having only one group showing a few weeks after the current tenant gives notice that they are moving out. Now I find myself spending a lot of time screening tenants for the showing ( no need to invite someone that won't qualify to rent when they apply) This pre-screening takes at least 20 minutes per tenant- if I get 10-20 calls it takes much too long to screen all of these prospective tenants. My goal is to have exactly one showing with 4-5 prospective tenants that are highly likely to qualify if they apply - in my experience, of those that look at the property, at least 2-3!will apply. Am I going about this completely wrong? Does anyone have a better way to pre-screen prospective tenants? Any other advice on this will be welcome!

Welcome @Nicholas Harris! Wanna swap stories? I'd love to pick your brain about property management at scale and I'm happy to share what I know about SFR buy & hold.

I'm always honest about being the owner. This is a matter of public record in most cases, and easy to discover if the property is held by a company, so why try to hide it?

I avoid renting to tenants that will not respect the rules, regardless of who makes them. You might say that I have that luxury because of the types of properties I own and where they are located. 

You are better off having a vacancy than a problematic tenant. You can fix a vacancy. 

Hi @Jay Lohn! I'd love to know more about your challenges and how I can help. I've started gathering data to make sure I provide the right solution(s)  - are you willing to spend some time to tell me about your needs?

You can also see my Market place posting for a link to the survey https://www.biggerpockets.com/forums/517/topics/35...

Hi @David Thompson, yes, I will eventually migrate to larger MF buildings. I have much to learn in the mean time. =) 

Hello,  

A friend and I, both experienced software engineers, would like to write some software solutions for rental property owners and managers.

We would like to know more about the challenges you face as a property owner or manager. Your input is important and will confirm that we will be able to provide solutions that benefit you directly. 

The survey can be found at: http://buff.ly/2cTy9yF
It’s only five questions so it won't take long. 

We have nothing to sell! This is pure research. 

Please feel free to forward this survey to anyone else you know that owns or manages rental properties. 

Thank you and best regards, 

Dale & David

Hi @Shane Hedeen. I have both - SFH's and one commercial building with two apartments and a retail space.

Dave Visaya

@Dave Visaya, thanks!