All Forum Posts by: Troy Green

It's always extremely helpful to hear other people's ideas / experiences on the best way to have as close to 100% collections as possible. Does anyone have any interesting methods they use that has worked for them?

Hi Jeff, feel free to reach out to me. This is exactly why I started in real estate and now made it my full time job. Best, Troy

As a follow up, today my business partner caught something that would’ve been a crucial mistake because he was looking at the deal through a different point of view.

Hello BP! 

Just sharing a little wisdom that I wish I had early on. No matter how great you are alone, there is someone out there who compliments you as a BUSINESSMAN. I'm not saying this someone has to be your friend or has to be someone who thinks exactly like you. I'm saying there is someone out there who will make you better.

Use your connections. Offer value for value. Don't try and use people like stepping stones. I used to tell people to bring me off market deals and I would give them just a commission; now I try and bring them in on the deal and build relationships with them. I've seen much more growth when I've brought other skilled people in rather than try and do it alone.

I suggest finding someone who helps balance your weaknesses. If you're old, look for a young and hungry partner or mentee. If you're young (especially) I implore you to go find an experienced person in your field of interest and try to add value. 

Just some late night thoughts! 

Troy 

You have to put it in the LLC. You can't risk everything else in your life if something happened. Just my opinion though. Some people might have better insight.

I would say to make sure you're 100% transparent from the start. Talk about what happens if things go well or if the deal goes bad. It may sound excessive but don't leave any stone unturned. If you both agree / compromise on everything, then the friendship can't get in the way later. Best of luck!

@Steve Rozenberg, very true. They want to be a part of the whole machine, the big picture. Good idea on the resume vs profile! 

Hello BiggerPockets Property Managers! 

I want someone who takes ownership of the building and treats it like it's their own home. I have people like this at some of my other properties but can't seem to find anymore for some of my other properties.

So my question to all of you hard working and dedicated property managers, what do you look for to take a job? Is it the pay? Location? Potential growth within the company? Flexibility? Etc...

Thanks Everyone!
Troy

Hello BiggerPockets! 

I have four apartment buildings that I'm looking to hire property managers for. I want someone who takes ownership of the building and treats it like it's their own home. I have people like this at some of my other properties but can't seem to find anymore. 

So my question to all of you hard working and dedicated property managers, what do you look for to take a job? Is it the pay? Location? Potential growth within the company? Flexibility? Etc...

Thanks Everyone!
Troy

Originally posted by @Matt H.:

Well first off I make sure all the tenants write their unit number on everything. Then I have my on sites stack the checks numerically. She she gets a stack of checks in order, maybe missing a few. Then in rentmanager in receivables she has recurring rent charges for each tenant setup. And if the stack is in order it goes pretty darn fast.

I guess if you get them all to write their unit number on it would go faster. I have some of my rent coming in from the state on my tenants behalf. This still will be way better than what my PM is doing now.

Troy