Hello Lane,In NY, we received notice 2 days ago that Realtors are no longer allowed to cold call indefinitely.Since this is the majority of our 'future' business, the only 'now' business we can generate through phone calls is to people we already know or have already spoken to.That being said, we are ramping up our marketing efforts because incoming leads/inquiries are fair game.

I recently bought my first home and it came with tenants already. I let them stay but they have been late with rent since I bought the property, and recently the tenant had an altercation with someone he knows and tha...

I looked at the background of this.I find it hard to believe that in 2 days they called and got a hold of 6000 renters who answered their phones (didn't let it ring off to V-mail) and took the time to answer their questions without hanging up.Over a 12 hour call day that would be 250 positive hits an hour.That would have to be one great call list.

In general its about the asset quality based on location and how broken down the asset is. 

However in this environment you may wish to not be present and instead talk to the inspector on the phone before and after the inspection.I think it would be too logistically challenging to ask the inspector to Facetime you while doing the inspection, but you could ask them, if that really appeals to you.Be prepared that some or even all of the tenants may not let the inspector into their units.In that case, if I were you I'd probably guesstimate at least 10K repairs per unit and discount the price accordingly.

Keep the phone lines open and communicate with your investors and lenders, even if things are turning on you. 

I have one tenant who hasn't paid in 6 months, broken 6 of the 7 windows in the unit, put a hole in the hallway I just had skim coated and repainted, kicked in the front door to the point the jamb actually came out of a plaster wall, broke the glass window on their apartment door, broke the shower glass door, broke another small window on a basement door, kicked in a door leading to the mechanical room so their homeless friend could sleep in the room and subsequently died last week of a heroin overdose in said mechanical room.

Is it difficult not being able to manage tenants through your phone like you could do with the Tenant Cloud app? 

Find cloud-based CRM, Contactually comes to mind but there are more, you want one you can manage from your phone. 

I fix broken stuff but don't renovate with tenants in the unit.