The best way to learn is by doing but there are ways to streamline the process, increase your chances of success and scale up quickly.I started in residential as a builder and moved to commercial and development later so I can speak from personal experience.

Here are some basics on 203k's (This is a FHA loan with a rehab component not conventional financing) - depends if you're doing a full 203k (not capped can go above 35k in rehab) - Streamline 203k which is capped at 35k non structural repairs/non major repairs (no luxury items, but can do kitchen rehab, paint, cosmetic minors) - you'll need to have a contractor who is used to creating and devising blue prints for the work to be done.

We have had a good experience with Streamline, but it is typically used by medium to larger PM's

These are the tasks that you need to streamline, automate, systematize, delegate and/or create processes around.For example, in my business, I was spending an inordinate amount of time on every rehab figuring out material lists, selecting materials, ordering them and picking them up (probably 10 hours per project).

It will vary, but I would expect around 3 to 5 thousand.If you have an FHA loan, you could do a streamline much cheaper.

Depends on the property but yeah if you're looking to streamline stuff offer online payment.

As long as the owner asks for SSNs from all applicants (and why wouldn't they, building systems and process is the way to grow and streamline your business and an integral part to screening application), denying someone tenancy based on the fact that they do not have a SSN is not discrimination.

I'm really trying to streamline my leasing system and make it more automated.Any tips would be greatly appreciated!

Seeking the assistance of professional property management will help streamline these tasks, but the process can still be stressful.Goodluck!

RightSignature and Globiflow make life SOOOO much easier, and I always like to tinker with things, so it’s kept me occupied.I just brought on a development team to help me streamline the processes and automate some of the lead collections.