You will have a lot more turnover, make ready costs, marketing, showings, down time between tenants that you lose rent on, require more staff, and in general is more management intense.

It was a new business so I had a lot of down time.

Typically, this is handled at renewal, with plenty of notice provided (I like at least 2 months, and if there is going to be a big rent increase I give 3 months, since I want to know if they are staying or going, so I can get contractors lined up to minimize downtime).Lastly, with Rentredi, as I far as I am away you cannot force a tenant to pay via a certain way.  

Thanks to a lot of people already on BP & the downtime I've had during COVID, I've started to make great relationships with folks and carry out a bunch of new conversations/connections.

Christian Fadulwelcome to BP. what everyone is replying is accurate, there is so much info on this website and we are truly fortunate to be a part of it. we have a lot in common. both for real estate and for careers. i too am going to invest in multifamily here in the area of greater NY. and i too am in the IT filed. so with that said, and to tie in what everyone else is saying and your hunger for knowledge, being in the it filed, you should have some nice down time to get in some knowledge. whether it be reading and creating post, listening to the podcast or audio books, i am and grateful when i got 30 to 45 mins for an OS to install, the down time is great for learning. also traveling to and from work i listen to a podcast. if you drive, podcast!

This is also a good time to work on things like your social media presence (engagement + content creation), educate yourself on the market, attend trainings, go to networking events, Read, etc.6-8pm dinner and family time8-10pm Wind down time, evening journaling, prep for the next day10pm ZzzI hope this helps and wish you all the best on your journey!

Prospective tenant I want to speak with ASAP and not waste time tracking them down. Time

If you do this now during your downtime or class breaks, you'll be ready to roll the first day you join a brokerage.Best wishes and good luck.

Looking for feedback on how property mangers respond to tenants request for credits for downtime on appliances.A 5 year old washer went out in one of my properties.

And you could have done what I did, and enjoy the beaches in Kauai basically to yourself while enjoying the down time.