All Forum Posts by: Account Closed

That is suspicious to me. I can think of only 2 reasons why they would refuse to give you those items:

1. They are being pissy that you cancelled on them. :-)

2. They accepted tenants that they shouldn't have and don't want you to know that. And since you are having to take the tenant to collections, this seems logical.

In your next management agreement, you should add in there that upon termination of your contract, all tenant paperwork, etc will be given to you.

0 Votes

Philadelphia, Pennsylvania

Yes, you can definitely be someone that helps him out, without calling yourself a property manager. As long as you are not signing leases, showing the property, or putting rent and security deposits into your account, etc, then you aren't considered a property manager. When I say you can't show the property, it is perfectly acceptable to open the door and let them look around. People use handymen, and remote property managers, such as myself, (called virtual assistants), all the time. So there certainly are ways to help without the legal responsibilities. I 'manage' properties all over the country this way, right from my home in San Diego.
Connect with me if you would like to chat more about it.

0 Votes

To start, you need a broker's license to be a property manager in Colorado. That's where you should start.

2 Votes

Quote from @Nathan Gesner:

Atlantis manages 20,000 rentals in many states. They have a good system and will operate professionally. However, I do not have any personal experience with them.

Atlas or Atlantis? Probably not the same company?

0 Votes

Birmingham, Alabama

I put right in my ads that applications will not be accepted until after they view the property. Then I ignore any that come through, unless they look really good. Then I will contact them to see the property.

I would never show a property to anyone with a 530 score. They don't pay their bills.

0 Votes

Baltimore, Maryland

I have been doing remote property management services for many years. Feel free to message me if you would like to chat.

0 Votes

Raleigh, North Carolina

Quote from @Mark Koontz:

Hello all!

I am currently building a property management company. I have several rentals of my own and have self managed for 2 years. I decided to offer this service to others since a lot of the systems and processes are built out already. I am looking for advice from other PM Companies experience on what customers like/don't like, do's and don'ts, etc. A few specific questions I have are listed below:

1. SHOWINGS - I currently do showings in person, but would not be able to do this if I scaled. Through my research, it seems that most other PM companies do self-showings. Does anyone have recommendations on self-showing programs/lock boxes? Ideally one with insurance to cover any issues.

2. PAYMENT DISBURSEMENTS - Incoming rents would come into a general rent account, replenish the maintenance fund for any expenses incurred through the month, take the PM fee, and then disburse the rest into the owners account. Does anyone recommend doing this a different way? I use Innago as a management program which allows different taxable entities for the rents, which would assist when it comes tax season. I would then issue a 1099 to each owner for the amount of rent payed to them.

3. MARKETING - Not too worried about this one yet. Most of my marketing will start as word of mouth. Reviews would be my main priority in growth. What are the best forms of marketing for a PMC?

4. VIRTUAL ASSISTANCE - I will have to onboard a virtual assistant and train them to handle a lot of the aspects (posting properties, signing leases, managing maintenance tickets, etc). Does anyone recommend a certain website to look for real estate VA's? I have used Upwork in the past and had a good experience.

5. MANAGEMENT CONTRACT - Are there any must-have clauses in a PM contract? I have one that I have been adding to periodically when I think of something.

If anyone has any general advice they would like to add or would like to hop on a phone call, I would really appreciate it.

Thanks!

I do property management and VA work. If you want to talk, hit me up.

1 Vote

Hi, and Welcome!

1 Vote

San Diego, California

You will need to check with your state's laws regarding how much notice is required. Then post the required notice to move out. You only have to evict them if they don't go.

2 Votes

Upstate New York, New York

It is absolutely fine to accept multiple applications and pick the best one.

0 Votes

Worcester, Massachusetts

All Forum Posts by: Account Closed

Account Closed has started 0 posts and replied 64 times.

Post: Collections and Property Management Challenges

Post: Newbie Jumping in As Manager

Post: Newbie Jumping in As Manager

Post: Alabama property management

Post: Zillow Application Submitted without Seeing the House

Post: Property Management referral

Post: Starting a PM Company

Post: Hello from San Diego!

Post: Removing inherited tenants

Post: Deny rental application ?