Alex Zweydoff
Exploring Additional Services That Could Be Offered by Property Managers
9 June 2024 | 8 replies
"for $___/year, we provide "x" additional inspections")6) Liability policy that covers tenant intentional damage, criminal acts, and unpaid rent when skipped or evicted (through insurance provider that provides this kind of coverage)7) Financial reports per quarter (as whatever period makes sense to you) (this can allow you to advise the owner on the health of their portfolio)8) End-of-year review of the property to show conditions and suggested needed and preventative maintenance items 9) Preferred vendor discounts (requires a contract with a vendor to give better pricing)10) Eviction protection programs (this is usually done "in house" when you have sufficient number of units under your management to be able to offer this kind of program)11) Legal services (requires agreement with landlord attorney to provide those services at set fees)12) Professional photos option (for enhanced listing)13) Professional, licensed home inspection (this is more relevant for older homes to ensure safety and habitability are addressed) 14) HVAC filter replacement program (this can also be a program offered to tenants)15) Pet and ESA screening through pet screening vendor (helps to streamline and increase quality of screening)16) Client portal account for ease of communication, updates, reports, etc.
Brittany Smith
RV, Boat, Truck Storage
7 June 2024 | 1 reply
Here's a strategy to try.Go to your local library (or their online portal).
David Bunch
Question on Maintenance Requests from Residents
5 June 2024 | 5 replies
I assume the challenge and cost increases with the number of homes / units but wanted to get a sense of how big of a challenge this is.It seems the current solution is for the resident to call a contact center or go through a portal - anything I'm missing?
Scott Trench
Good Fees Vs Bad Fees For Property Managers
5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.
Tatiana Podel
Crowdstreet investing experience
3 June 2024 | 10 replies
@Tatiana Podel I just funded for my first investment through the portal as well.
Arjun K.
Investing in Spain
3 June 2024 | 11 replies
Currently, I run a real estate portal for Spain.During my years in real estate here I have always wondered why more Americans don't invest over here.
Jackie Linne
Seeking Property Management company in Toledo, OH
1 June 2024 | 10 replies
They have a dedicated team to assist with any owner/tenant questions, an in-house maintenance crew and an online portal to manage your rentals.
Qais Attarwala
My first rental property!
1 June 2024 | 2 replies
I found it through my agent's search portal.
Sam Robbins
Insurance question for MTR
31 May 2024 | 12 replies
I have a couple of online portals that make it very easy to purchase renters insurance in a few minutes.
Steve Cook
Property Management - Repair Mark-ups?
31 May 2024 | 44 replies
I fully disclose the fee to all clients, include the original vendor invoice in their landlord portal, and make it abundantly clear to them what my mark up is both contractually and time of initial invoice.