
14 June 2024 | 10 replies
I just listed a 3br house for rent. Until now, I haven't thought about how to handle it if not all of the applicants meet my minimum credit score. Should I just deny them all? Or, should I accept with conditions if on...

14 June 2024 | 13 replies
That being said, it's tough to get over the relatively high rate of return for STRs when you are comparing them to LTR.

15 June 2024 | 5 replies
You can do a walk flow, but sounds like you need a quality control person in there making sure there is nothing missed (or a project manager).

13 June 2024 | 5 replies
Make sure your listings have high-quality photos and possibly even virtual tours.

17 June 2024 | 14 replies
If the tenants are all just roommates, I would highly advice each get their own individual renter's insurance.

14 June 2024 | 16 replies
$7,000 is a reasonable rate for a good job with quality paint that will last 7+ years.

16 June 2024 | 2 replies
You could bring an equity partner in or find a gator lender which is super high interest but your best bet is to save up

16 June 2024 | 9 replies
When it says "broom swept" it doesn't mean leaving half of your life belongings behind along with other trash as high as your knees throughout the property.

13 June 2024 | 9 replies
They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.

16 June 2024 | 12 replies
A couple of book recommendations:- David Greene's 'Skill' & 'Sold'- Hyper Local, Hyper Fast Agent by Dan Lesniak- Gary Keller's Millionaire Real Estate Agent- Stephen Covey's 7 Habits of Highly Successful PeopleSoak up the practical advice and apply it.The main takeaways I got from these books:- A day where you don't work to generate leads is a day off.