14 June 2024 | 3 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
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18 June 2024 | 121 replies
Thanks for the thorough analysis.
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14 June 2024 | 5 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3025546/small_1716834472-avatar-reeses11.jpg?twic=v1/output=image&v=2)
13 June 2024 | 1 reply
Hiring an experienced property manager who regularly checks on the property and has a thorough tenant screening process can help landlords avoid thousands of dollars in fines, property damage, and lost rent.
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14 June 2024 | 17 replies
This is very important on the back end if you have to impose claims against the security deposit (at least in Florida).4) Read your management agreement thoroughly and know the cancelation policy.
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13 June 2024 | 4 replies
Research Thoroughly: Before entrusting your finances to any fintech app, take the time to research its regulatory status, security measures, and any potential affiliations with licensed banks.
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13 June 2024 | 3 replies
Landlords worry that the security deposits allowed under the bill will not be sufficient to cover these damages.The presence of pets can lead to higher maintenance costs due to wear and tear, noise complaints, and the need for more frequent and thorough cleaning.Financial Implications: The bill prohibits landlords from charging additional rent or security deposits specifically for pets, which landlords argue is necessary to offset the increased risk and maintenance costs associated with allowing pets.Landlords may need to increase their liability insurance coverage to protect against potential issues arising from having pets on the property, which could lead to higher insurance premiums.Key Provisions of AB 2216No Blanket Pet Bans: Landlords can’t have blanket bans on common household pets without valid reasons.No Extra Charges: Landlords can’t charge extra rent or security deposits for pets.Documentation Requirement: Landlords must provide written documentation if they restrict pets for health or safety reasons.Pet Liability Insurance: The bill might require tenants with pets to have pet liability insurance.As always, I’m here to discuss how this might impact us as property managers and landlords.
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13 June 2024 | 5 replies
Remember to post necessary notices promptly and keep thorough records of all transactions.
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14 June 2024 | 25 replies
@Ryan BiankowskiIn my opinion, if you have no experience flipping houses, no experience dealing with contractors and this is your first deal, $10K is nothing.Sorry to burst your bubble.An unscrupulous contractor will burn through your $10K in one day..... literally and you may never see him again.Assuming you have no experience, I would advise you as a starting point to slow down, sit yourself down, and buy J Scott's books for $49.00........and save yourself $9,951.00.Make sure you read them through thoroughly at least once, if not twice before making your first move.There are other good books out there, maybe a good local mentor that you can learn the ropes from and even some good "guru's" that you can learn from despite all the guru bashing on BP but I would definitely start with J's books.Said books are:The Book on Flipping HousesThe Book on Estimating Rehab Costs
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12 June 2024 | 17 replies
I hope that your cleaner thoroughly cleans the bathroom, kitchen, bed, all furniture, vacuums, and mops.