Property Management And Panera

[Greg Weik]

Hello, BP Investors and DIY Landlords in Denver and Colorado Springs! 

Let me know if this type of event has value or interest to you - please message me if you would be interested in attending.  I will limit the first meetings to 15 people and if demand warrants, I would move to a larger venue for future meetings. 

The premise of the meeting is that I will go over a lot of what I know as a professional property manager (since 2008), as a local Denver area single-family home investor, and I will discuss a lot of the information below, and answer questions.  

If you decide there's value in our services, you'll have an opportunity to sign up as a property management client to Real Estate Solutions at a discounted rate. If you're not sold on why you should hire us, you'll learn something (probably a lot of somethings) about DIY managing your rental properties. 

Some topics will include:

-Property selection.  Criteria that prove most effective, areas that are on the upswing, areas to potentially avoid. 

-Property preparation.  What needs to be done to a property to make it not only attractive within the rental market, but also safe and legal in Colorado. 

-Tenant selection.  What you can and cannot screen for, what you should be looking for, and the profile of the ideal tenant, which varies by property type and area. 

-Pets or no pets?  Strong opinions abound on this, but cooler heads do the math. 

-Long-term vs. short-term rentals.  Furnished vs. unfurnished.  What's the math and how do we value our time in the context of monthly revenue?

-Rent-by-the-room or "house hack" renting.  Is this an emerging trend?  Is it viable long-term?  What are the pros and cons, and how should an investor navigate this space?

-Process.  The backbone of success in tenant screening, lease preparation, move in, and move out inspections, receiving payments, handling lease violations, handling repairs, etc.  Let's talk about checklists, this is a personal favorite!

-Liability.  What are we up against and what are some best practices to limit our exposure? 

-Communication.  What's the best way to communicate with tenants, vendors, and other parties? 

-Leases.  What are some must-have clauses, and how long is too long?  

-Finding expert vendors.  This can be one of the most challenging parts of owning or managing rental properties.  What's the best approach to finding the best vendors - ones who can do the work, who are professional and honest, and who communicate best? 

-ROI math. How we see ROI, how you see ROI and some light math.

- Questions and answers. Let's all leverage this time so that it has a high ROI for the time spent. Everyone should come out of each meeting with new knowledge and better prepared.

Last - while I did go to law school and have been practicing as a property manager since 2008, I'm not an attorney.  Nothing discussed in the meeting should be construed as legal advice.