All Forum Posts by: Jake Jefferies

Thanks @Brandon Turner !

Hi @Robert Musallam thanks for the welcome!

Hi @Account Closed we have 7 property managers and 2 assistants in our California office and another 3 employees in our satellite office in Denver. 

We use AppFolio property management software in both locations, their applications are very thorough. As you know living in this area it is probably easier than other areas to find quality tenants with high incomes and good credit. We use On-Site.com to screen potential applicants. It gives us a score out of 10. How they score in this system is usually a direct reflection of the type of tenant they are. Nothing beats face-to-face interaction, you can usually sense red flags easiest in person.

I love the Bay Area market but it is too crazy right now. The numbers just don't make much sense to me. The reason I like Denver is because we have a branch there and I know my properties are in good hands with our Broker and property managers there. Don't usually invest in things I don't know and haven't explored many other markets...yet. What markets to do you invest in/like?

@James B. I think it depends on where you screen prospective tenants. We do our screening through on-site.com (also creates our leases) and it pulls from past rental history, public records, compares their income-to-rent ratio, etc. This will pretty much cover all your questions. Our applications ask if tenants have ever been convicted of a felony, ever had a bankruptcy, have pets, smoke, and have ever filed a claim against a past landlord. If you charge an application fee this should cover the cost to run the credit in on-site.com and onsite will give you a number out of 10. Usually anything 7+ is a good score and approved. Hope this helps.

New member who lives in Palo Alto, CA. Realtor and property manager in the silicon valley, mostly property management. We manage around 600 doors from South San Jose to San Mateo. We have a satellite office in Denver Metro area where we have been doing most of our investing. The numbers seem to make a lot more sense there than here in the Bay Area. 

I found this website when I randomly came across a podcast on my Swell app and have been hooked on the podcasts ever since. Looking forward to reading the forums and connecting with others with similar interests.