
29 September 2024 | 13 replies
Originally I was also hoping to find a package that would do more of the property management basics for me, like running ads, screening tenants, collecting rent, collecting e-signatures, etc.What I found after months of looking is that there is no one-size-fits-all platform out there.

27 September 2024 | 10 replies
Run a credit/screening report on yourself.

27 September 2024 | 11 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

26 September 2024 | 1 reply
Recently I've been trying to get into real estate by wholesaling so then I could get some experience but when I skip trace nobody will answer the phone!

27 September 2024 | 44 replies
Is it OK for the operating company to claim depreciation for the properties that are owned by the holding company.This situation could cause major passive loss issues depending on your situation.Scott Smith has refused to weigh in on this “difference” and has since referred me to a CPA who is so busy that I won’t be able to speak to him on the phone until May.

24 September 2024 | 17 replies
Depending on the size of your portfolio, I suggest considering either "PROPERTYWARE" or "INNAGO":Propertyware is ideal for larger portfolios, offering customizable and automated reporting features.Innago has been very effective for me, enabling property marketing, conducting screenings, and managing rent and maintenance requests.

25 September 2024 | 4 replies
Additionally, you might want to consider working closely with your local Public Housing Authority (PHA) to screen applicants more thoroughly or negotiate higher payment standards for better tenant placements.PS: Something that may help you: Baltimore recently passed the Tenant Opportunity to Purchase Act (TOPA), which aims to strengthen renters' rights and provide better engagement between landlords and tenants.

27 September 2024 | 15 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

26 September 2024 | 2 replies
I'm leery of the find investor friendly agents tab as I did that with lenders last summer and my phone started blowing up within 2 minutes of hitting the button and was getting constant calls all day.

25 September 2024 | 4 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?