All Forum Posts by: Rob B.

@Ian Hoover - Jake has a pretty solid suggestion here; we have a rental booked on outdoorsy for a trip coming up in late August. Since you're dealing with an RV it is best to probably focus on those sources/sites developed with that in mind. Sounds like an interesting business model too as far as another possible revenue stream. Interested to learn what others have to say on this one since I work primarily in SFH/condo/apartment rentals.

Great advice above; this is a difficult one because sometimes the clearest choice isn't always the easy one to make. On one hand, you want to be paid for that missed July rent payment, but this tenant has more than likely also violated the terms of that lease (missed rent payment for July, and it is August; again, I can't really speak to the specifics of your lease but usually missing rent payments is a big one). 

You also don't want to let time work against you. If this is more of an ongoing financial matter rather than just a one-off family situation/job loss/etc, then you could be headed into some difficult months ahead (ie. if the rent increases to compensate for the missed July payment, you have to consider the reasons why that payment was missed in the first place and factor that into the arrangement for the coming months, if you're going to proceed with the increased rent strategy). 

Remember, it is about setting expectations. Peak rental season is coming to a close so if this is something that is most likely to present on-going late/missed rent payments its best to reach new terms and move forward with a new tenant. 

Great recommendations above! You may want to consider a landlord software platform that offers you the ability to do this so you're not paying anywhere from 6 - 10% for a prop manager. There are platforms (one, in particular, I can think of) that will help you bring a certain level of automation to that rental management process (ie. automatically syndicating a single listing to 10+ major listing sites, thorough tenant screening with full background checks, digital lease creation, automated online rent collection, and maintenance tracking - all from within your account). I'd love to answer any questions you might have and if you're interested in a solid recommendation I can definitely DM you. Happy to help. @Hector Lewis

Definitely important to make sure you have a dedicated team in place if you decide to invest in the out of state du[plex that you've set your sights on. Additionally, there are some tools available to you where you can bring a certain level of automation to that rental management process (ie. automatically syndicating a single listing to 10+ major listing sites, thorough tenant screening with full background checks, digital lease creation, automated online rent collection, and maintenance tracking). If you're looking for a recommendation I'd be happy to share more information. @Jose D.

@Brendon Seiffert Great tools mentioned above, but you may want to consider a platform that offers not just the ability to list your property but also can screen tenants, offers digital lease signing, rent collection, and maintenance tracking - additionally it incentivizes tenants to pay their rent on time because those on-time rent payments are reported to the major credit bureaus). I'd love to answer any questions you might have and if you're interested in a solid recommendation I can definitely DM you. Happy to help!

Hi @Roberto Lopez, you may want to consider a platform that offers rent collection in addition to the other tools you'd find useful for managing your rental process (ie. listing, tenant screening, lease signing, and maintenance tracking - in addition to online rent collection). I'd love to answer any questions you might have and if you're interested in a solid recommendation I can definitely DM you. Happy to help!

@Brittany Arnason if you're ever looking for a full-suite app (helps with listing, tenant screening, digital lease creation, rent collection and maintenance tracking all in one place), I'd be happy to provide some recommendations! Excellent suggestions above, btw! :)

Hi Brent, this is great to hear - congrats on your successes thus far! If you're interested in getting things moving with your education in this industry, BiggerPockets is a tremendous resource. There are so many established industry professionals who are willing to share helpful, proven advice; but also the BP resources/tools/podcasts/webinars are always there to help you grow into your business as a rental property owner. 

If you decide that you want to manage your own property there's definitely a platform out there that can help you to bring a certain level of automation to this process. Let me know if you have any questions; more than happy to help!

Hi @Travis, you are definitely in the right as far as being suspicious of this listing response. Not saying that this listing lead is a fraud by any means but the request is certainly questionable. We always tell our landlords to be very careful if there are any early red flags early on. Again, you are in the right to be wary of this request; if it does not align with your goals, on to the next one.

@Robert Hernandez Hi Robert, there are definitely some helpful resources out there that can help you with making this decision as far as what colors to paint the unit. @Erik W. is spot on in that you want to make sure you are doing the highest dollar-value add tasks. 

That said, once you get the place painted and are ready to start your search for that next tenant, there are some great tools that can help you bring a certain level of automation to your rental process so you search for that next tenant becomes that much easier (ie. a platform that helps with listing the property to 10+ sites, tenant screening, digital lease creation, online rent collection, and maintenance tracking). If you need any recommendations, I'd be more than happy to help.