All Forum Posts by: Joshua Vallario

@Jeff Johnson @Rafael Floresta Thanks a bunch guys.  I will look into all of this.  So far, I was able to auto draft my debt service and all of my regularly paid utility bills.  Hopefully this helps.  

Thanks,

Josh

@Jeff Johnson I just checked out NTN Online and it looks like the do tenant screenings.  I didnt see where they were able to do the full scope of Advertising the units, lease processing, and initial payment receipt.

Did I misunderstand your comment above?

Thanks

Josh

@Jeff Johnson Thanks for this.  I am going to check this out.  

@Jeff B.Sounds like I just started implementing what you are already doing.  Hopefully I notice some relief.  We shall see.  Thanks for the advice. 

@Dana DunfordThanks for the note.  How do you charge an automatic late fee for late payment?  What system are you using to do this?  You linked your account to QB and wrote some sort of auto function within QB? 

In terms of vendor management, I have been using the same team since 2010 - so we have a fairly seamless process.  All of my properties are local which makes it easier. 

Thanks J Beard.  I only purchase properties within 20 mins of where I live because I want to self manage.  I feel that nobody has my best interests in mind more than me - and quite frankly, I enjoy it.  I am buried in paperwork, which is what I am trying to reduce as much as possible.  With all of the projects and properties, the utility billing has become insane.  I only pay water/sewer form my occupied properties.  However, I took a turnover in Jan and one in Feb and I just sold a flip and am in the middle of renovating a new unit for rental.  So, there have been a lot of new utilities billed.  My time was spend printing and mailing check after check.  How do you handle the billing end? 

Thanks

I have amassed a mix of flip project and rentals over the past several years, all while maintaining my fulltime employment - it is not easy working 7 days a week.  I am now taking on two more rentals and two new flips starting within the next month - all four units require major renovations...  This leaves me in a management quandary.  I must streamline my landlord process as much as possible, by automating where I can.  I am a one man show....  A bit nutty when I am self managing and self GC'ing - with a full-time job and two kids under 4... 

I just opened up a separate svngs account to be able to take electronic payments from my tenants - this will remove my monthly visits to the bank; a small win.  I am also setting all of my utilities and debt payments to auto-pay to a credit card - this will reduce my monthly bill pay from many down to just one credit card reconciliation.  I have also converted everything to QuickBooks Pro last year; this was a BIG help! 

So my question to you my friends...  What else can I do to streamline my daily tasks?  My leasing process is not too cumbersome; I have a nice chest of document templates that I have created and repeat whenever there is turn-over.  I am not sure if there are any efficiencies to gain there.  GOt any ideas for tricks and tools that are being used to save time elsewhere? 

Thanks for the help.

Josh

A tenant just moved out and when I did the final walkthrough, there was a pet odor, but nothing too crazy.  I had my painter come in and paint (he is a personal friend) and I went in the next morning and the entire house smells like vomit.  #1:  Is there a product that I can have my cleaners use to rid the home of that smell?  #2: Can I charge the tenant's security account?  The smell is so bad that I am affraid that it will create an issue with the new tenant moving in If I cannot cure it.  

I know it was not my painter.  The former tenant was in there the prior night removing boxes and items that I identified.  Im thinking she might have done something?  Please help!