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7 October 2024 | 35 replies
Owners have options to use their preferred contractors or OneRent's contractors (handyman charges $65/hour).They screen tenants as 2.5x income/rent, and do 6 months walk through check.It sounds a professional management way.
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4 October 2024 | 5 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?
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4 October 2024 | 5 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?
4 October 2024 | 7 replies
I am no longer auto-declining people due to the sub-600 scores, rather allotting a lower "point value" based on the lower ranges in our objective screening process.
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3 October 2024 | 2 replies
Having your handyman do showings could be a solution, but keep in mind that if he’s not experienced in tenant screening, it could expose you to more risk, especially with squatters or less reliable tenants.You mentioned using something like Showmojo for smart access, which is great for efficiency, but I’d suggest ensuring you have solid procedures for background checks and tenant screening if you go that route.As someone who’s owned a property management company for 5+ years and manages over 300 units, I’ve seen the impact of not properly screening tenants.
4 October 2024 | 26 replies
His Screening parameters were not as restrictive. do you need to adjust your screening parameters?
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3 October 2024 | 3 replies
You also should have better screened the PMC before hiring them - a common mistake!
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4 October 2024 | 4 replies
@Oli HarpsTo manage your Oakland 4-plex effectively, stay informed about the local market, build local connections, conduct thorough tenant screening, consider value-add opportunities, decide whether to self-manage or hire a property management company, network with local investors, plan for growth through scaling your portfolio, explore financing options, and stay informed about the local market through online communities and resources.
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4 October 2024 | 10 replies
You would then do the math to remove that exemption and see what the resulting yearly tax amount would be.Since it's your first time being a landlord, it might make sense to utilize a property management company or agent to find and screen a good tenant.
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2 October 2024 | 6 replies
If you have a good screening process that checks all aspects of their background, you'll weed them out through other means.