Nick Allen
Tips for processes and software for minimizing work involved in self-managing rentals
5 June 2024 | 3 replies
Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?
Landon Lehmann
Looking for connections
5 June 2024 | 5 replies
We would love to turn it into a rental one of these days as well!
Jay Smith
If tenant doesnt pay water bill Landlord has to
5 June 2024 | 6 replies
I am a small landlord and am wondering as well if getting rid of one or 2 water meters might be the only thing I could do, and then have the water account in my name so I can track usage?
Stephanie Del Rio
New to everything!
5 June 2024 | 3 replies
This buying a 3 or 4 unit approach works very well as a first time buyer.
Jeremy Bourgeois
What are your out-of-the-box marketing strategies?
5 June 2024 | 2 replies
I'm experimenting with local trade shows and bus ads, but curious to see what others are doing out there and if that is working well for them!
Daniel Watson
Moving from Madison to Racine, WI
5 June 2024 | 7 replies
Hi Daniel,I am in Milwaukee but do deals in Racine as well.
Jalen Greenlee
Excited to Join the Community!
5 June 2024 | 6 replies
I’m here to soak up all the knowledge I can, share my experiences, and connect with others who are just as passionate about real estate.I’m looking forward to jumping into discussions, learning from everyone here, picking up tips and best practices for multifamily investments, house flipping, house hacking, and BRRRR, as well as making connections and maybe even collaborating on future projects.Thanks for having me!
Alex Romeo
Family member doing maintenance and insurance. License and Insurance Coverage.
5 June 2024 | 0 replies
(I do not live in Orlando, my retired father does)... and my father takes care of all the maintenance (repairs, hiring contractors for electrical, HVAC, roofing, etc.) as well as showing the property for leases, he is my hands and eyes there... all for free, I do not pay him a salary or any compensation, and he does not want one.
Rob Cucugliello
Pulling equity in today’s market?
5 June 2024 | 3 replies
Treat them as part of your team and they will treat you well.
Zak Beard
First Property Out of State
5 June 2024 | 27 replies
Alternatively, if you're able to put a good chunk down payment on a property and the rent(s) cover your mortgage + expenses + a touch more, in an area that you like and know will appreciate, that's pretty nice as well.