Investor · San Diego, CA · Member since 2012 · 309 posts · 18 votes
Hey guys!
I am looking for a property management (PM) out of state, and I came across this PM that ALLOWS unsupervised showings from a lockbox... I was advised they require the prospective renters to take a pic of their ID and send it to them, and PM in return sends them lockbox number.
What's you opinion on this?
Thank you,
Edita
Unsupervised is the only way to go for the vacant homes. We add it to our LB agreements and we have systems like a soft social media search, ID is sent over, a 10 question form, and then they get the LB code, we are switching to digital codes that only work once from Shomojo. Once at the property, there is a placard on the counter with instructions to apply online, and it is fully automated. Lazy? no, fully systematized PM divisions are already here doing this and if you do not do it you will not compete, this is now the norm. I have insurance, and like the guy above said, If I had to write a check once every few years that is way better than driving to my last rental for all 23 showings 20 minutes each way from my office, that is about 27 hours if you add 30 minutes for the showing and time blocking from the day...no way! This is business, and a simple decision. Anything else is rhetoric, ego, or just opinion. here is the caveat, my owners know I do this, and they know we do not ever miss a showing, never, if they call from the front yard and I am 3 hours away, I can get them in less than 10 minutes. It is better for the owners, better for me, and the tenants. No one can squat, that is called Trespassing, and I would have them removed the same day. If I had a luxury home, then I would show of course, these are $800-$2000 rentals for us. I do this on homes that I own also, so I put my money where my mouth is to speak. The owners do not hire me to show rentals, they hire me to get top rents, get it fast, keep it, and protect the equity of the home. In the field of RE, the less you work the more you will make. -Ron LeGrand. Flow like water my friend-Bruce Lee.