All Forum Posts by: Scott M.

Yardi is popular in the multifamily space and they have a cheaper product called Yardi Breeze, might be worth checking out.  We have appfolio but really only do single family homes so I don't know how great they are for what you are looking for.  

Regardless of the source of leads the vast, vast, vast majority is just noise.  1-3% will fill out an application so that means 97-99% is noise.  The number of "interested parties" is not an indication of anything in my opinion.  Number of applications - people wanting your home enough to spend money on an app is a good indication if you have priced it high/low or just right.  

If you start calling the tenants back you fill find a very high number have no memory of your home at all.  The vast majority are highly unqualified.  

Set up an auto email with some prequalification questions.  Generally between 20-40% will respond and of those far less then 50% will qualify.  Concentrate your effort on the small number that meet your needs and forget the rest or you will go insane.  

I think the area / class of property etc has a large impact on this.  Like Nathan we list out requirements but we still get a large number of unqualifiyed and lookie lou's 

Don't worry about causing more problems.  At this point all that matters is getting this ship turned around.  Unless you can't evict locally because of COVID restrictions, get on the eviction ASAP, come Monday, you should have cases pending agains't all three.

I am not opposed to working out payment plans and deals esp. if this is a class C or lower area?  But you need some teeth behind them, you need to leverage the courts to either get the tenants to pay or put an end date to the games.

Hop on it if your PM wont.  That said, might be good reasons locally why they are not if COVID rules have them in a box.  

Very broad question and not a lot of traction so far.  Have you tried the search?  I searched for "best paint" and found quite a few recent threads that tackle this topic and some that are very specific, paint for kitchen cab's or exterior paint.  

@Nathan Gesner is spot on.  If you require it that means you need to enforce it.  Not only do something about cancelations but also renewals.  Requiring it and then not requiring it is pointless.  

This is far from an offer as some have suggested.  It is simply a marketing flyer that you and probably 100+ other owners got.  We get them all the time.  Like, weekly we get at least 1 or 2 of these.  From realtors or wholesalers looking to buy homes.  

There is zero harm in you pursuing this and seeing if this is real.  We have done this from time to time over the decades and have had zero luck.  I have talked to quite a few people who have gotten these and also have had zero luck.  The worst, in my opinion are from wholesalers who are just looking to get your house on assignment then mark it up and sell it.  They have been 100% timewasters.  

If this person is a realtor you may have better luck but even then we have found when we reach out they are non responsive.

My point isn't to be negative but to help manage expectations.  No harm in reaching out as selling is something you are considering, maybe not now but in the near future so maybe this is kismet.  

@Matt Davis my suggestion would be to walk away.  Maybe the deal has some great points but the negatives you have outlined are clear headaches for you.  Meaning some would not care, would not reach out for help, they would just buy it and do it.  As you are reaching out this is a stress point.  

A failed report from 20 years ago is somewhat meaningless as the likelyhood of that paint being painted over is high.  When it comes to lead paint you have 2 choices, remove it or encapsulate it.  It for sure has been encapsulated (or highly likely).

If you can't get this tenant out, if you can't do the tests that will make you feel better, you should walk away and find another deal.  Just know that any house built before 1978 has lead paint in it.  Like everyone that wasn't gutted.  

Way to go @Matthew Paul .  You are handling this 100% correctly.  Nice work.  

Colleen is spot on.  I read your letter @John Larson and then scrolled up to your prior message where you said "lesson learned for sure".

But then in your letter you say "Something I would consider in a year, maybe 2".  High likely hood this will be read as 100% this will be done in a year for you.  

Need to stop telling them.  You told them upfront and 2 months in they are bugging you about it.  Now you said it again, they will simply be bugging you again.

Say less.  

Would you have charged additional if it was 5 to begin with?  Less if it was 3?  Did your advertising say $x for 4 people?

I get this will cause extra wear and tear on your furniture but curious how you would have handled this upfront if it was 5 or 3 or if your ad said it was $x for 4 people?