All Forum Posts by: Pancham G.

Its going to be next week Tuesday @Danny Randazzo

Thanks for the mention @Danny Randazzo! Getting to this late as I missed this initially.

@Alex Bader: Lets connect. I am in the city usually and can meetup.

@Bryan Thomas : I agree with @Omar Khan. There are a plenty of them out there. We personally use Yardi and have no complaints. Resman is also very good and I have heard good things about appfolio. 

I personally know people who are using all three and all have good things to say.

@Hakeem Valles: welcome to the giants team. I am a big fan and my son is even a bigger fan :)

I would love to connect with you in the city. Will send you a PM.

@Maria G.: I usually do not get back to them unless they ask. For me, the cycle is so quick that we get rented the first day. So, my response is usually that its already rented.

If I have to respond, i will say that you do not meet the criteria and give them the criteria.

(Btw, if you are finding this helpful, it will be great if you can upvote my posts. This keeps me motivated ;))

@Dan Handford: On top of the lease audit, if you want to be an extra careful, investor can get the tenant estoppel signed by each tenant before closing and see if they match the leases. 

@Maria G.

Good questions. I have gone through these thoughts myself years ago so its normal.  I have found the following that worked for me to answer your questions:
1) We usually get an idea on who is coming by having people fill up the google form. Once we have a good list, then we conduct and open house. We contact the people who have shown interest and then ask if they can make it. If the number of people are a lot, then we stagger them at the 15-20 minutes intervals.  It is a valid concern of the property stolen. You have to treat your tenant and their stuff with care. What we have done is that we are usually two to three people showing the apt during the open house. One person is responsible to showing only 1 at a time. Rest of the people wait outside. 

2) Yes, we do provide the address and google voice number to only the people who show interest. Address you have to share as people try to map it to see if they like the location.

3) We never advertise on Craigslist about the open house. It depends on how popular ur area is. We get 50 entries in 24 hours period as soon as we put it out. So, the demand is very high.

4) No, we do not take the deposit to hold until we have screened them. We just tell them that we will send a link to the 3rd party application who will do the credit check etc. Once it clears, we talk further.

Hope this helps.

@Kobi Walsh: I am sure that there are many many untold stories publicly and with every syndication, there is some insight that you can learn. 

Good luck with learning. 

@Enzo Pazos: just sent u a pm.

@Nigel K Mitchell-Thornton: great story and wondering looking rehab. Congrats!!! This is great for the first deal. Thank you for sharing.