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All Forum Posts by: Brad Larsen

Brad Larsen has started 9 posts and replied 348 times.

Post: Opinions: Pets in Rental Properties

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

Hello BiggerPockets community,

I am asking everyone's opinion regarding pets in their rental properties. I am a pet person myself, however, I am unsure if I'll allow pets in my rental properties due to untrained pets, which results in further damage and maintenance. If you do allow pets in your rentals, what are your policies and fees to mitigate "damage"? Also, what is your general experience concerning tenants with pets? Thanks!

Best,

Tommy Nguyen


 Hi Tommy,

I recommend checking out www.petscreening.com  They will have applicants submit a pet application and pay the fee and based on the score, they set the monthly pet fee for you.   Managing several homes, we see about 80% have pets, so pet fees are a very profitable way to increase revenue when managing several doors, but it isn't for everybody.  Pet screening will do all of the work for you, saving time and hassle with "service dogs"!

Best

Brad

Post: How can contractors work with Landlords

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

Hello,

I have a business that offers junk removal and small demolition. Two services consolidated into one, how could someone is my position get in front of landlords and investors? Any advice?


I look forward to your responses!

Hi Clayton,
I recommend reaching out to the local Dallas NARPM Chapter.  You can attend the monthly meeting (I think it is held at Addison Convention center each month) www.narpm.org  one time as a guest and get in front of a room full of Property Managers.  There is a fee if you want to join after that.

Best of luck,

Brad


Post: DO NOT USE STEADILY INSURANCE

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

They are at best the most incompetent brokerage with which I’ve ever worked.   They’ve taken payments for premiums and not bound the policies, and let the policies lapse without my knowledge.  They do not communicate once you’ve informed them of how they screwed up.  They’re absolutely horrific.  I’m now scrambling to get 7 properties insured because of their gross incompetence.

Sorry to hear.  Maybe reach out to YRIG " Your Renter Insurance Group " ?  They are thier competition and I know the owners. They both own thier own management companies as well, so they understand the needs for investors when it comes to insurance.

Best,
Brad

Post: SFH - Remote Investing

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

Hi! I'm considering buying single family homes out-of-state (Ohio, Carolinas, Tennessee, etc) and curious if anyone has experience with long distance rentals. Obvious to hire a property management company, but are there any negatives associated with remote investments? My partner is on the fence and any stories from other investors could sway his decision.


 The key is to make sure you hire a very thorough PM.  One that provides annual inspections and detailed photos when renters move out and great communication tools for visibility. Searching reviews is helpful as well.  It is pretty normal for investors to be remote.

Best 

Brad

Post: Property Management Research

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

Hello fellow investors!

Currently researching Little Rock as an OOS investment location for me. I am curious if anyone has experience they can share with me about any of these 3 Property management companies. Thank you! 

Companies are: 

Real property Management

Evernest Property Management

Hoffman Real Estate Team

The Lasley Company

Thank you ahead of time, also if you are an agent/investor/manager/contractor in the area feel free to connect with me!


 Hi Allen,

RPM is a franchise management operation across many markets

Evernest, has grown by acquisition and is in about 25 markets currently and the owner is a personal friend of mine.  I have not heard of the other ones, could be they are a smaller operation.

Best of luck

Brad

Post: Early termination of a year lease agreement by landlord Florida?

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

Hello,
There are 6 months left on lease on my rental properties in FL, so I would like to end the year lease, and tell the tenant to move out, good tenant and pay on time, I just want the tenant to get out of that property, because I need to fix the property and sell it. What is the legal way to do this?

Thank you!

It wouldn't hurt just to let them know in writing what you are looking to do and that you would waive the lease break fee.  That could be a good starting point of negotiations.  Let them know that you are looking to sell the property ans would like them out in a reasonable time....say 60 days? 
I hope it works out for you. 

Brad

Post: Property Management Company Dropped The Ball

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

I own a house down in Baton Rouge that I have a property management company that manages it. Got a call last week from my property manager saying that the tenant is moving out today, they put in a 60 day written notice mailed it to the company but it got lost in the shuffle. Property manager found the letter so the tenant did everything by the book. Now I'm in a bind to rent this house out ASAP.  I'm upset at the property manager for dropping the ball on this I live out of state and expected this to be handled. Should I expect the Property Manager company to waive management fees for the first two months of the next lease? What is a reasonable response to this? 

Maybe they can find you a qualified tenant and you can negotiate the tenant placement fee waived as that fee is likely higher than 2 months of mgmt fees.  Best of luck to you, it is high moving season, so I would imagine they could find someone rather quickly.

Brad

Post: PROPERTY MANAGEMENT REFERRALS

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

Can anyone please recommend a good property manager for my fourplex?  I'm currently using Real Property of Houston and not really happy with their communications and I've only been working with them for a year.  

Thanks in advance.

Have you tried contacting Renters Warehouse of Houston?  Best of Luck to you,

Brad

Post: Do you use home warranty companies for your rentals?

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

I’m seeing home warranty companies like American Home Shield offer maintenance and repair coverage for appliances, roof leaks, etc… with prices starting at about $40 a month up to about $100 a month for the “platinum package”… Anyone have experience with these companies? Is the monthly subscription worth it or do you all deal with maintenance issues as they come up?


 As a Property manager, NEVER.  You open yourself up to getting bad reviews when they do not show up in a timely manner, deny the claim, and ultimately leaving the tenant unhappy.  It will end up costing you on the back end.  

Best,

Brad

Post: What's the best way to go about screening tenants?

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

@Michael Elkins Some management companies will offer tenant placement (for a fee).  If you do it yourself, I would recommend providing applicants a document on what your specific screening criteria is. Some landlords use Smartmove for background checks (Transunion) and BP offers resources as well.

Brad