All Forum Posts by: Juanito De Dios

Welcome to the investment realm! Congratulations. I would strongly recommend a membership with RHA (https://www.rhawa.org/).  Washington state is very very tenant friendly state the rules for landlords are extensive. If you find that you need a referral for a local property manager, I will be happy to help you source one.

@Juanito De Dios I think everyone has given you some really good advice so far. One thing that has really saved me hours of time is using a property management software. There are so many free and paid options available, so I would take some time to do some research and pick the one that fits your business best. Once you select a PMS, it's hard to make a switch later, so take some time with this decision but it will surely save you hours and hours of time in the long run since you can automate so many things with ease. 

Hey Janito. I wrote an article a while back that has tips you might find helpful: https://www.biggerpockets.com/blog/2015-05-25-5-dominate-pro...

Also check out Brandon and Heather Turner's book on the subject for a more detailed breakdown: https://www.amazon.com/Book-Managing-Rental-Properties-Scree...

Congrats @Juanito De Dios! Getting started is half the battle.

I see @Nathan Gesner gave you a good book recommendation. For our local laws as well as other resources (like blank forms for use) check out RHAWA - it's the Rental Housing Association of Washington. I use their forms for my rentals, and its nice to always have an up-to-date resource that's already lawyer-reviewed and drafted.

For rent collection, there are a LOT of resources out there. I do long-term rentals, so I have recurring invoicing setup through Quickbooks which can also handle my accounting. For maintenance - I schedule maintenance walk-throughs at least once a year, if not twice, and keep in regular contact with my tenants.

Since you're interested in STR/MTR, some of those tools may come in handy. Others may be provided by the platform that you're advertising on online. You can also pop in to one of our local REIA groups to network with other investors. I lead a group in Bremerton - you can check out the calendar of all events at reapsweb.com

Hope that helps!

Every new landlord wants to rent to traveling nurses. I don't know where this comes from, but I hear this at least once a week. You should contact the hospital's human resources and see if they use traveling nurses and how they find housing in the area for those employees.

You can look on furnished finder and Airbnb (set minimum duration to 30 or 60 days) to see what kinds of rents people are getting for providing furnished premises. If it were me I'd fix it up to rental quality, no furnishings and rent to the first qualified tenant to apply (3 x the rent gross household income, no history of court with or debt to prior landlords). 

It's a lot to cover. For now, I recommend you purchase "Every Landlord's Legal Guide" by NOLO. It will help you read the law, gives practical advice on how to manage, and provides some sample forms. They also have a great website that is regularly updated.

I'm hoping to publish a book this summer that will provide nearly 100 forms and lots of practical advice for DIY investors. Keep an eye out for it!