All Forum Posts by: Gabriel Harper

@James Hamling

Can you help elaborate on the additional information you're looking for when vetting tenants? Is it fine-detailed reviews from prior landlords? If you could wave a magic wand, what would your ideal "tenant report" contain?

Why are reviews impossible now? Is it prior landlords' being concerned about violating FHA, or prior landlords' being concerned about liability (potentially being sued by the future landlord or the tenant under reference)? Or something else? Any information you can provide would be hugely appreciated!

I've also sent you a message to see if we can hop on a call. 

I would guess that a small number of tenants often end up causing a large fraction of total costs/issues (please weigh in here!). One advantage of being a property manager at scale is you get to collect proprietary fine-grained data on all these tenants. 

@Johnny Wolff

I've gone ahead and booked a time for us to jump on a call! 

Also, wow, the BiggerPockets community is awesome - lots of great discussion going on here! 

@James Hamling

Thank you for replying so quickly! I will follow up & find out more about the existing insurance products.

I like your "tenant certificate" idea. What's wrong with the existing screening services? What information do they not provide? 

I will drop you a PM - would be great to chat more. 

R.e. Everyone else - I will reply, in due course! This thread blew up pretty quickly. 

@James Hamling

Thank you for providing that context - can you remember the name of the companies that operated this model? It would be great to research past companies that tried this. 

I love the "road scorched turtle in the Nevada desert" analogy.

R.e. Rent performant insurance; could you point me to a particular product? I'd love to read their terms & conditions and find out exactly what they offer.

@Nathan Gesner

Thank you for your feedback! You clearly have a ton of experience with property managers’ from around the country, so I’d love to chat more - I’ll drop you a PM.

@Brian LeBow, could you tell me a little bit more about that insurance program? I’ve never quite understood how tenant insurance could work without the insurance company being a big part in the tenant selection process.

When I insure a car, I have to put down the make, model, my age, how much I drive, etc. The insurance company crunches the data and gives me a premium. With a tenant, I don’t know how an insurance company could underwrite that risk without being part of the tenant selection process. Any details you can share on how that insurance product works would be really interesting!

Hey folks,

I'm a landlord with four properties, and have had bad experiences with property managers. I'm thinking of starting a property management company with "skin in the game". My idea is to sign multi-year leases with landlords on a master lease, paying them guaranteed rent each month. I would handle tenant selection and rent the property out to tenants. I'd cover any major damages to the property beyond usual wear and tear. I would also handle all the traditional aspects of property management and maintenance. The expectation on level of repairs' would be to keep it in the same condition at the time of signing lease. 

I know there are a few companies exploring this, but I wanted to get feedback from other landlords. Looking for feedback/thoughts!

Hey Madhur, 

I'm considering starting a company that does exactly this. Would definitely appreciate hearing your thoughts & what made you interested in a property management company that offers guaranteed rent. 

I've dropped you a PM. 

There are a few companies that I'm aware of offering this: BelongHome, Doorestead (full guarantee, Bay Area), Mynd (partial guarantee), Bungalow.