All Forum Posts by: Justin Reyes

@Jim Brozny thank you so much for the great advice!

@Jack Orthman thank you for your respond, it was really informative. I hope you have better luck with your PM.

@Mark Ainley Thank you Sir I really appreciate that. I will definitely take you on your offer.

@Bjorn Ahlblad Since we are a new company, we don’t have any references. Have to start somewhere though

Hello, a friend and I are starting a property management business very soon. We both have our real estate license and understand how important it is to have a great property management company looking over people’s assets and we want to be one of those great companies. Can any investors out there tell me what do they look for when hiring a property Management company. Thanks a lot! Here is some services and key points will we build our company on.

-Comprehensive Marketing and Advertising

-Owner Deposit- No Delay Fund deposit to owner

-Schedule Rent Increases

-Recommend market rate rent cost

-Strict tenant Screening & Selection

-Monthly record Keeping/Statement

-Cost-Effective and Reliable maintenance

-Lease Law Compliance

-Regular “Common Area” Inspection

-24 Hour Online Access To Parking

-Rent Collection

-Lease Renewal (3 month notice)

-New Tenant 60 day Inspection

-Handle all tenant calls, emails, and texts

-Owner Communication

-Property up keeping including lawn care

Hello, a friend and I are starting a property management business very soon. We both have our real estate license and understand how important it is to have a great property management company looking over people’s assets and we want to be one of those great companies. Can any investors out there tell me what do they look for when hiring a property Management company. Thanks a lot! Here is come services and key points will we build our company on.

-Comprehensive Marketing and Advertising

-Owner Deposit- No Delay Fund deposit to owner

-Schedule Rent Increases

-Recommend market rate rent cost

-Strict tenant Screening & Selection

-Monthly record Keeping/Statement

-Cost-Effective and Reliable maintenance

-Lease Law Compliance

-Regular “Common Area” Inspection

-24 Hour Online Access To Parking

-Rent Collection

-Lease Renewal (3 month notice)

-New Tenant 60 day Inspection

-Handle all tenant calls, emails, and texts

-Owner Communication

-Property up keeping including lawn care

I checked and I’m not allowed to take out a loan or hardship withdrawal even if it’s to purchase a home 

Definitely not. If I could erase this post, I would. 

@Frank Jiang wow I didn’t look at it in that way. I’m definitely not doing it now. He made it seem like it wasn’t breaking the law. But yes I heard about those one time assessments with big expenses. I think I’m a stay away from condos. Thanks

@Mike McCarthy yeah I talked to my lender and told him I plan on renting that and he said there is no way they can make sure I’m living there. He said it’s not like there are going to send a investigator there.