All Forum Posts by: Logan Sanford

Start with Why by Simon Sinek is a great one. Highly recommend!

@William Leonard Hey Will. I could give you a few contacts if you like to reach out to that my company has worked with in the past. Just let me know!

@Stephen Brown Thanks for the insightful input! I liked how your question, "What will interrupt your ability to pay rent?" I think one of the main goals of the screening process is to make sure the tenant is who they say they are and asking certain questions or calling on past references can make the world of difference. Thanks again!

Whether it be a long term buy/hold or a short term rental, the tenant can impact that property often more than we initially think. It can create countless headaches down the road for not only the owner but the property manager as well. It can also lead to a smooth leasing process with the tenant consistently paying on time and referring your business to others.  Maybe you are a first time investor with a short term rental or even someone with 100+ PM units in A, B, & C class neighborhoods, there is NO right answer. 

Questions: 

-What has worked for you within the Tenant Screening Process or what has came back to haunt you with your screening checklist? 

-Do you call previous landlords/other references? 

I think there are factors that may influence your answer like what type of property/class, the owner's goals for the property, etc. but feel free to drop your insight in the comments.

Hey @Jake Rhodes. I would be happy to talk to you about property management in Indy. Feel free to PM me!

Cool to see Indianapolis on that list as well. Thank you for sharing @Neil Narayan

@Stuart Tollison Great BRRRR! Loved your section about what lessons you learned as well. Congrats!

Hey @Stuart Tollison! Great question. For my personal residence, I used Hocker Law/Title and I would recommend them. Their communication was not delayed in my experience. I also know clients that use them as well. Let me know if you have any other questions.

I do not exactly know who came up with the quote, "It is not what you know, but who you know." However, I do know that I hear it a lot during phone calls, often catch myself saying it, and read it in certain texts. Maybe it is a cliché phrase or an overused sentence in the business world, but I think it has meaning.

The reason I say that is to bring up the question, "How did you build your real estate or personal network?" As a young professional in the real estate world, I have observed what has worked for me and just as important, what did not work for me. Lately, I have had engaging investor calls or personal phone calls with friends with one common theme. It seems that everyone is curious about how to connect with others, or maybe to share how they grew their network. There are plenty of directions to take that conversation or pieces of advice, but I wanted to highlight a few of my learnings over the last few years:

1. Provide value- If someone is taking time out of their day to join a call or meet you for coffee, you must show them how you could bring value to them and make it mutually beneficial. With only about 2.5 years of real estate experience under my belt, I still have realized that I can add value to a seasoned investor. It may giving them feedback on a certain deal from a new perspective or it could be asking a question that they never thought about.. Which leads me to my other learning point.

2. Be curious- Effort. Sometimes you just need to show a mentor that you want to learn and that you are listening to their advice. The act of being curious is not just asking questions, especially in real estate. Maybe it is driving the neighborhood that your partner just invested in to learn more or it could be requesting a book from your friend that they found valuable. 

How did you build your network? What worked and what didn't?

Great news! Thanks for sharing this info @Jaron Walling !