
22 May 2024 | 7 replies
@Chad Douglas are you DIY or hiring PMC?

20 May 2024 | 32 replies
Personally, I try to DIY as little as possible.

24 May 2024 | 6 replies
Or are you offering cleaning & maintenance services?

23 May 2024 | 4 replies
As stated by Victor, maintenance and cleaning when a tenant leaves can be brutal but this can be with any type of tenant.

23 May 2024 | 80 replies
That's 81 weeks I didn't have to clean or stock it.

23 May 2024 | 8 replies
If is in the street the city will clean it.

23 May 2024 | 11 replies
I ended up hiring one of my LTR tenants as a house manager to handle all of the cleanings, turnover and provides my local eyes and ears.

24 May 2024 | 15 replies
You’re right, I believe im going to pass on this property and wait for something a little more “simple” and “clean”.

23 May 2024 | 43 replies
I always have nice looking places with mowed lawns, clean porches and clean houses.

22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.