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All Forum Posts by: Brad Larsen

Brad Larsen has started 9 posts and replied 348 times.

Post: Hello! Looking for software/cloud computing recommendations, 1st time poster here

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Richard Justin:

Good day all. We are trying to just get a tighter lid on operations, for background we are a family-owned group with about 115 properties. I'm the owner's nephew and de facto "computer wiz" because I am relatively savvy,  but I have never used any property management software before. I guess what we'd like is a program that is user-friendly/ intuitive, can keep easy track of payments, maintenance work orders, and if it can possibly communicate with Quickbooks or tax software or can at least compile things in a format which is easy to integrate into tax accounting that would be great. I dont think they want to spend  a lot, but,  it's also probably not avoidable, and in ranking order of what's important it's not as important as ease of use/integration. any feedback is great and thanks for your time. I go by "R.J." a 'nice-to-meet-you' to everyone. 

Hi Richard,

I would recommend evaluating Rentvine!  I hope you find what you need.

Best,
Brad




Post: Does daughter (Over 18) of mother need to sign in addition to being on lease?

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378

@Daneca Hall  Typically yes

It is best practice for many reasons to collect an application (up to you if you want to actually run it or charge a fee).  Anyone over 18 staying there, even if it is part-time, I recommend collecting an application to have all of their info.  Most management companies have this as a policy, but I realize landlords may handle differently.

Best,

Brad

Post: How Property Managers find new Tenants? Showing empty units take so much time!

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Colleen F.:

@Brad Larsen I am assuming self showing requires an empty unit. I don't think any of my tenants would be like this if their stuff was still in the unit.


 Correct!

Post: How Property Managers find new Tenants? Showing empty units take so much time!

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Colleen F.:

@Brad Larsen I am assuming self showing requires an empty unit. I don't think any of my tenants would be like this if their stuff was still in the unit.


 Correct!

Post: Property Management Services

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Stephanie Chapman:

New out of state investor, looking for a good property manager….Any Help???


 Property Management for what city?

Post: Brand New Here

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Chris Linehan:

Hello San Antonio!! I am new to BiggerPockets, but I am not an investor or an agent, but have been considering either getting my license or becoming an investor lately though. 


 Welcome Chris!

There's a lot of good advice on here and definitely lot to learn if you are looking at investing in Real Estate.

Best,

Brad

Post: orlando property mgmt companies

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Mary K Andreades:

I also am looking at property management companies for small multifamily in Orlando.  What companies have been good for people.


 I'd reach out to Jessica Foster with Atrium PM and it's best to ask for a copy of their PM agreement, so you can fully understand the services offered and fees.

Best,

Brad

Post: How Property Managers find new Tenants? Showing empty units take so much time!

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Paul Sverdlin:

Reaching out to all Property Managers out there. 

I have a self-managed portfolio of SFRs in multiple locations. In each of them I hire a realtor whenever I need to find new tenants. They take calls, post ads, arrange showing times with existing tenants who are leaving (when they gave proper notice, but still reside in the unit), collect applications, answer a ton of questions, do paperwork, hand over the keys..... All-n-all doing lots of time consuming work for which I am happy to pay them 1/2 - 1 month of rent.

However a property management company would probably not spend so much money since it would cut into their revenue. Doing it on their own would imply having to do all of the above mentioned work all over the area they cover. For a city like Toronto where I reside, that would mean 1 hour drive just to get to the rental and another hour to get back. That's a lot of wasted effort. So how do property managers do it: do they drive around or do they hire realtors for each supported location or is there a better approach I did not mention?

Thanks in advance. Really curious about this one.


 Hi Paul,

There are services out there where the renters can schedule a self showing. PM Companies have been doing this for over a decade now.  Research companies like Tenant Turner.  They collect the potential applicant info (Driver license) and provide them showing instructions for their scheduled time.

Best

Brad

Post: Property Management Stoftware

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Richard Fisher:

I use Buildium, and it works well for the property management side of things. I did not try out enough of the others. Buildium's rep sold me on the fact that it would handle the Accounting side of the business as well. I was was Tenant Cloud and Quickbooks. Quickbooks was pushing everything to online, with what would have been a pretty decent price increase for me because of all the different classes. Anyway, the accounting side of Buildium is very clunky to use. I'm an accountant by trade and i have it working for me in a way i can use but wouldn't recommend it if you need all your accounting on the platform. I will in the future be looking at other platforms that include a decent accounting side as well as property management 


 Hi Richard,

I recommend contacting RentVine (great accounting for PM's) and having them do a personal demo for you. It would be worth the time to learn about them.  Hope that helps.

Best,

Brad

Post: Any Property management in Houston

Brad Larsen
Pro Member
Posted
  • Property Manager
  • San Antonio and Austin, TX
  • Posts 377
  • Votes 378
Quote from @Raul Flores:

Hello all

I am looking for to move one of my properties to a property manager in Houston, I am really bad selecting tenants. any recomendation?

Thanks in advance.

Raul 


 Have you interviewed Renters Warehouse in Houston.  It's best to ask for a copy of their management agreement.  All of the fees and services provided would be listed there and helps set expectations.   Good Luck

Best,