All Forum Posts by: Brad Larsen

Quote from @James Jackson:

Hey everyone!

I have been wanting to get moving on real estate investing but never pulled the lever. I am now ready!! I had a bad experience with a rental property in the past (family and they absolutely destroyed my house), so I had reservations. But, know that it is probably the best alternative to get to build retirement funds (I'm 53), reduce my current personal tax burden and one day allow me to show my children and others how to do it.

I am really interested in meeting some people who are in the game and wouldn't mind having someone either ask a lot of dumb questions or help in finding/closing deals. I just want to learn fast and intelligently with a goal of doing my first deal by the end of 2023.

Any takers? LOL. Thanks!

Hi and welcome to BP!

What area/areas are you wanting to network in and invest in?

Brad

Quote from @Shyam Sah:

Hello, 

I am looking for recommendation for a property management software. I have 10 doors that I manage on my own now. What I need the software for is basically to report the monthly rent to a credit bureau on regular basis and to get the payment online. Other things like communicating with the tenants and repair requests are optional. I would prefer to have everything like rent collection, renters insurance records, maintenance request, rent report to a credit bureau, etc. I did some reason and noted rentredi, buildium, doorloop, APPfolio, etc. Can you please advise the one you have been using that can satisfy what I am looking to do? 

Someone mentions All Property Management- That is NOT a PM Software!  All Property Management is a lead gen service where you pay for the lproperty owner eads as a property management company.  It is an add on service anyone can use.  It is owned by Buildium (RealPage) and it is integrated into Buildium and many other PM softwares and CRM systems if you want it to be.  Just wanted to point that out.

All the best,

Brad

@Latesha Forte  Not sure of any PMC in Ft Worth, however, I would make a strong suggestion once you think you have found a good one.  Ask for a copy of their management agreement.  Everything should be in that agreement regarding fees and what is included in the services they provide. 

Congrats on your new investment!

Brad

Quote from @Lisa Thiessen:

Someone has my house listed for rent on Facebook Marketplace. The house is currently rented and the person who lives there is not the one listing it, so it's not the tenant trying to sublease the property. I reported the listing to Facebook. Is there anything else I can or should do about this scam listing?

 Not sure what else you can do.  For future, it is best to have all of your photo assets watermarked to help avoid copying photos.  Maybe file a police report for your records?  I hope they get nabbed! 

Brad

@Andy Sabisch

Now ya know!  Yes, Watermark all photo listings!   Also, Matterport is a great service to help if you want to check them out.

Brad

@Jason Chung If you haven't heard of Annequim, the agents under this umbrella are Property Management industry related VA's, from maintenance coordinators, to leasing agents, even assistant manager under a PM. Well worth loking into and a convo. with them.

Brad

@Shane Baganz

Hunter Warfield is the first one that comes to mind if you want to check them out.  I am not sure however if they handle "one-off's" though.

Good Luck,

Brad

Quote from @Juanita Zavala:

Out-of-state investor looking to raise rent on my properties in Melbourne and Cocoa. I am interested in referrals for forms to use as I am managing these properties myself.

Thanks!

Do you have currently, lease agreements in place and renewing the upcoming leases that are expiring?  Most every state has promulgated (Specific) forms to use for lease agreements.  If you are simply renewing and raising rents at lease expiration, you should be able to use the agreements in place, starting a new lease with the new monthly rate or add a lease renewal addendum depending on what is required for your area. Also, this group has a section under the "Tools" tab for Property management leases/agreements to have a look at as well.  Hope that helps.

Brad

Quote from @Alexander Davis:

Hello,

I am looking for some recommendations on a property management company that will take over my 3 properties and handle all the work. My job has moved me to a position that is much more demanding of my time and I no longer have time to chase rent payments and maintenance requests on my 3 properties. 

Are there any companies that will handle everything for me that I can get quotes from?

 Hi there,

A few things to throw your way..... go to APM (All property management) dot com  fill out the form and it will go to 3-4 PM companies that service that area and they will contact you.  My TX agents call these leads within 3 minutes, so I would expect the same for good management companies in Nashville.   Also, I know people in Nashville called "The Property Management connection" and thier pricing should be listed on their website. 

Hope that helps,

Brad

@Mario Morales 

Best Practice- Always REQUIRE that your renters get renters insurance and if allowed in your state and provider, list you as additional insured.   There are a lot of affordable providers such as Lemonade, etc.... You can require this in ANY state, however, you cannot require who they use.  

Brad