Updated over 5 years ago on . Most recent reply
How are you AUTOMATING & VIRTUALLY managing your rentals?
Hi. Looking to hear from others what technology you have been using that has helped you automate your rental portfolio. I talked to an operator the other day who has eliminated all local managers for his multi unit properties, which I thought was nuts at first, then I started to think I was nuts to dismiss his idea too quickly. So, I began to brainstorm: If a guy was to totally automate his rentals, what would that look like? I'd love to hear ideas from those who are using technology to your advantage. What technology? What's the advantage to you? How much time does it save you? Roughly what does it cost? Where'd you buy it? Etc.
I'll start: I just ordered 2 August deadbolts that I can lock and unlock from my phone as long as I have electricity in my unit and a deadbolt on my door. I began to think about doing a virtual showing of the home where I don't have to be there. Each lock cost me $150 and takes 10 mins to install. I will re-use these locks in other vacant rentals when I rent/sell these 2 homes. I can set any phone number up to temporarily have access to the home and see if the door locked when they left...from 300 miles away. Bought mine from Bestbuy.com
Thank you,
Rudy