All Forum Posts by: Travis Bohling

You should speak to Matt Martin or Chris Littleton. They are expect property managers in Atlanta and can help you navigate this chaos. https://www.pmigeorgia.com/about

Hi John, here is a link to the GIS maps. https://gis-cochise.opendata.arcgis.com/

Landlords and Property Managers should stop inspecting occupied rentals.
For residents, an inspection feels like a prison shakedown without the cavity search.
For owners, negative goodwill with the residents and some photos. No thanks!

There is a better way.
Preventative Maintenance

Once a year complete some or all of these tasks:
🛠 Repair drips instead of floods
🛠Change the air filter
🛠Flush the water heater
🛠Recaulk where necessary
🛠Rinse HVAC coils
🛠Test smoke detectors
🛠Add missing doorstops
🛠Adjust sticky doors/locks
❄ Winterization
📷 Snap a few photos

Flip the script on inspections and deliver value instead.

Why?
Residents feel valued rather than distrusted
Owners/landlords increase renewal rates and reduce maintenance/turn costs
Managers save time with 1 work order and invoice instead of many

What other value could we create in this 1 visit?

This is exciting news. Great point about water @Noah Corwick Cities that encourage density increase their tax base with the same infrastructure. 

Hi Christiane,

Great question and example of the issues we deal with as residential landlords. Do they qualify for the home individually in terms of income?

You have 3 options; 

1. Let them work it out and then adjust the lease/deposit with an addendum.

2. Keep them both on the lease and refund the deposit made payable to both of them at lease expiration. This gets more complicated if they want to renew.

3. If neither qualifies to rent the home individually, offer to release them both from the lease.

Rodney,

These are some disappointing examples. I agree with Michael that video inspections are a great service that all property managers should offer and all investors demand. 

When screening PMCs, this is an important differentiator: who is completing the inspection?

A lot of management companies have a departmental structure and use inexperienced cheap labor to complete field inspections. This is a mistake. Investors need a property manager with years of experience, an eye for detail, plus a zest for being in the field. Too often I see "managers" who sit behind a computer and send emails. This is not management. This does not add value for our landlord clients. We must do better.

Hi Jayson,

Matt and Kenny run a great operation in Indy. 

https://www.livindy.co/

Hi JT,

I agree with the other comments that this home may make more sense as a LTR. If you go this route, you may not need a property manager, especially if you are local and enjoy dealing with landlord/tenant issues. Message me with the address and I will let you know what I think it could rent for as a LTR.

 Hi Allen,

Thanks for your insights around convenience, I totally agree.

For inventory, are you using paper checklists or 1 of the new apps?

Your comments on tech resonate so much. I get annoyed having to ask "did you turn it off and on" and "did you check the batteries" but it sounds like this remains a friction point.

What are you seeing on the demand side of this asset class?