All Forum Posts by: Savannah Kennedy

Hey Arianne, 

Excited to hear! I work for a property management company in Birmingham that helps out with all things investing. I'd love to help out with any questions or get you in touch with agents in the area. 

Hey Lisa,

Our company is currently doing a combination of things and we have seen really positive effects. We are doing virtual tours -- we refer to them as a 360-degree tour-- which we post on the marketing details so potential tenants can still view the property without stepping into the property. We have even leased out some houses as a result of this feature!

We also use a system called Rently. This allows potential tenants to register with Rently in order to gain access to a lockbox on the property. Potential tenants can go view the property after hours and weekends without scheduling with a leasing agent. I know this is not an option for your occupied properties, but could help in the future with a vacant property!

Donald,

In the state of Alabama, renter's insurance is not required. In my experience, I typically would not necessarily recommend requiring it. I know my company does not require it because it is very hard to verify if the tenant is actually paying for insurance. The tenant can send in a letter saying "here is my insurance" and then turn right around and cancel it. So, we do not require our tenant's to have it, but we do provide info on it if they are interested. 

With a pet, absolutely 100% yes. We require a pet fee per pet, non-refundable. We also have a list of restricted breeds due to insurance reason. Keep in mind, you can limit the number of pets, type of pets, size of pet, etc. or no pet at all, as pets are not a protected class. But in the long run, yes! A pet fee (or deposit) is well worth it. 

I hope this helps!

Hey Donald! I am terribly sorry to hear about your trouble with your current PM. Going through an eviction process can be a headache, so I hope that things are resolved without having to take that step. 

My advice on hiring a new PM would be to ask as many questions upfront as possible. I know on my end, I would rather an investor ask me questions and establish expectations (on both sides) upfront rather than have issues down the road. Hiring a trusted PM is so important for not only you as the owner, but also for the tenant.

Let me know if you have any specific questions or if I can help with anything at all. I know the situation is frustrating so I would love to help with advice as much as I can. Wishing you the best!

Many investors are "wait and see" right now, good point! 

That's very smart to begin marketing when stimulus money goes out. As far as the felon goes, good thing they asked!

I have noticed a decline in the amount of investors during the COVID-19 situation. Investors, what are your main concerns during this time? I'd love to hear feedback!

I agree. Personally, our PM company has seen a slight decline in both showings and applications, however it is nothing too alarming. I would take the people who want it in a month rather than lower rent. 

Hey Beth!

I work in the Birmingham, AL market currently. Have you ever heard of Roofstock? They are somewhat similar to Turnkey, however you have the ability to hire your own PM. It gives a little bit more freedom, but also allows you to be guided through the process. Let me know if you'd like more information about it!