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17 July 2021 | 6 replies
We don’t know anyone in the area, but you might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesAdditionally, don't treat property management like a commodity and just focus on the lowest price!
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24 May 2020 | 1 reply
So the screening process took longer and I went through more prospective tenants.
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5 July 2020 | 5 replies
I see this as a major learning opportunity as now I can do some rehab, potentially raise rents, and place a new well-screened tenant.
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29 August 2019 | 5 replies
It's probably not in your best interest either, since you don't know what sort of screening the seller has done on the tenant.
15 September 2022 | 4 replies
Treat it like you would your own house if managing yourself yearly inspection :- furnace/boiler - clean out burners (do in Fall to make sure heat is on in winter)- clean dryer vents- caulk bathtubs- change out thermostat/CO2 detector batteries- clean out gutters in Fall- while on the roof looking at gutters, take a look at roof condition - fix early- vacuum and clean utility room near any furnaces and water heaters (keeps dirt/dust out of systems, can extend life)- rinse water heater screens (can fill with dust and won't stay lit)- drain water heaters yearly - prevents sediment buildup and will extend life- change furnace filters (more often than yearly)- if in cold environment, turn water supply to exterior off before winter- take a look under sinks to check for any slow leakThis shouldn't take much longer than an hour or so per unit per year unless you find something unexpected, and if you do find something then good job catching it early.
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13 October 2015 | 12 replies
weigh out the risk ,come from a worst case scenario approach , the most important thing in my opinion is screening the tenant,i have 2 properties near the West End Mall close to Fort McPhearson,even though its a low income area dosent mean that all the tenants are bad or don't pay ,you just have to find them ,I did and I'm far from being some kind of guru Good Luck!
22 December 2014 | 22 replies
I did not receive a screening phone call.
17 January 2015 | 11 replies
And gone in a flash were two deadbeat tenants.Well we overhauled out tenant screening, once in a while we were fooled but when we sent the "head of our collection department" over to talk to them, they were happy to move and pay all sums due. and like you most of our residents were long term.
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17 September 2015 | 4 replies
Sobering to know that even screening tenants well and securing vacant property won't always protect you from criminal misuse and civil asset forfeiture.
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24 February 2017 | 55 replies
agree not a drop in rental prices, but perhaps a drop in rental income due to increased vacancy (physical and/or economic), depending on the quality of the neighborhood and ability to attract and spot (through tenant screening) quality tenants ...