Napoleon Hill tells the story of a commander burning the ships they arrived on so that the men would fight harder than ever with no means of escape.

They want to petition the court to fine me, when they have a new lease in another place.

You're already seeing a decline in the average ARPU across homeowners and people can't afford to drive to your house or even afford to eat there once they arrive. 

Hi @Eli Kfouri, I look forward to welcoming you to Jacksonville, FL when you arrive. 

Then, when the monthly payments arrive, record it this way below. 

Our Guest’s choose our furnished apartments because they can arrive with luggage and live their entire life without missing a beat!

So the down low on 3 companies I interviewed:Company AOver 400 units2 Property managersLate on the 5th- $50 charge to tenant, 10th- additional $25 charge to tenantNo project management fee1 drive by inspection per month, 1 full inspection every 6 monthsRequires renter’s insurance (single family homes only)Stated high percentage of tenant renewals Manager of the RE branch was a local town justice for many yearsHandles insurance claims2 evictions last year (both in same building- new project) - not tenants they placedSaid they serve fake eviction papers before moving on to full eviction process (to save owners money) Charges ½ 1st mo rent and 10%Red flags-Does not approve prospective tenants with owners (to keep owner from contacting them)Will not show lease (confidentiality)I did view one of the houses they manage, the tenant mentioned they had asked for a leak to be fixed and it had been over 2 weeksDue diligence revealed PM was arrested 3 yrs ago for petite larceny from a grocery store- weird a retired town justice would hire herCompany BManages 40 properties2 Property managersNew company (1 yr old)- all property managers came from another with years of experienceLate on the 5th- $50 charge to tenant, then 3 day pay/quit notice ~5 days later10% project management fee w/ weekly updatesInvestors make up 5-10% of their propertiesIn house maintenance staffOwner can approve tenantsOwner can provide own leaseReiterated how important communication was2 prior evictions1 manager has 2 investment propertiesCharges ½ 1st mo rent and 10%Does not want to rent low end housingRed flags-One of the property managers never responded to first 2 emails, 2nd manager was prompt every responseDoes not want large portfolio of rentals (150+)One of the property managers has boyfriend writing reviews on how great she is, same manager that never responded (looked him up and he has a lengthy arrest record)Does not perform regular inspections unless owner requires (sounds reassuring- sarcasm intended)Admitted no set schedule for inspections but noted “they can do them”Company CMy current agent/his wife would manage- part of a franchised-brokered companyI’ve bought and sold 1 property through him- sold in 6 days in a market with over 365 days of inventory, though the sale drug out 6 months due to the buyer/buyers agentEthics is of utmost importance to him (proven this)Late on the 4th- $25 charge to tenantWill provide project management (taking pictures, lock box for contractors) free of chargeAverage ~ 2 year tenancyWill be providing investor referencesStandard lease- owner can’t changeProvides copy of lease to ownerPrefers owner not to contact tenant but not against policy (want to send out semi-annual survey for their review of management/property)No repairs w/o owner permission (unless emergency)Drive by inspections often2 evictions last year- not tenants they placedAs an agent they are the most geared toward investors in the areaCharges ½ 1st mo rent and 10%Red flags-Current late fee is only $25 (brokered company rules)- they have a meeting next week to discussHave tenant submit background check through online platform- I’ve found tenants to be lazy and would rather you do thisNo annual/semi-annual inspections- said they check smoke detector batteries/change furnace filter once per yr

Remaining tenants get a new unit; the newly arriving tenants gets a small rent increase...and we rarely take an entire unit out of service.Mo’ betta guacamole.

I’ve read many replies about not using lock boxes because of the risk someone trashing the property, stealing items, putting the home up for rent after knowing the code, losing the keys, not putting keys back in the box, you want to see/get a “feel” for the type of person they are, etc.People also recommended ways to prevent this by requiring photo identification of anyone viewing the property and only giving them the code once they have arrived at the property.It seems that if you had more than 3-5 properties that you are managing or listing it would be an enormous waste of time and maybe impossible depending on the location of the properties to meet every screened/prospective tenant at each house.

I arranged a meeting to inspect the home and discuss the situation, but on arrival I quickly noticed two issues.