Hello everyone, Has anyone used Vekser for property management? I spoke to them over phone today. They provide comprehensive PM services nationwide for short/long term rentals including property turnover, tenant placement and ongoing PM for only $50/month. No additional fees for property turnover...
Everyone talks about deep cleaning and touch-up paint during turnover, but curious what people actually check beyond the cosmetic stuff. Empty unit is the one time you can really get eyes on everything without working around someone's schedule or belongings. Started using turnover as a checkpoint...
I currently run my portfolio of 22 units. It’s is made up of single family houses, 3 duplexes and a 5 unit. I’ve been fortunate enough to have several tenants for over 15 years. Some of my tenants pay cash, others are on Section 8 and part of the rent is paid via the housing authority and the res...
I am closing on my first investment duplex property in two weeks in Ohio area, i live 3 states away. I have received about 15+ bad review from landlords about property manager in the area and how they do a terrible job and ghost their landlord, lose future tenants and just nightmare review so i a...
Curious how other landlords here handle something. I'd guess 90% of the texts I get from tenants are the same handful of questions. When's rent due, is parking included, when do I get my deposit back, stuff that's already in the lease, it's just easier for them to text me than dig it out themselv...
Hi, I'm looking for recommendations for Denver property managers that specifically handle Furnished MTR's (furnished finder). Primarily looking for someone that could handle manage the tenant turnover duties (move out/move in checks, cleanings, be a local resource when maintenance issues arise, e...
For years I made repair vs replace decisions by feel. Water heater's making noise, HVAC feels sluggish, I'd guess whether it had another year in it or not. The problem with gut feel is it's usually optimistic. Nobody wants to spend money on something that's still technically working, so the bias ...
Rent-by-the-room still gets pitched as simple math: Take a 4-bedroom house. Rent each room individually. Collect more than you would from one traditional tenant. Operationally, we're seeing a much more competitive picture. Residents have choices. Two rooms in the same house can perform completely...
My current tenants were out on vacation for a week in early August. When they got back, they noticed one side the backyard fence was replaced and there was a note taped to the backdoor. The note was the neighbor who live behind my rental. She posted it on the Tuesday my tenants were gone, stating...
has anyone gone through the process of creating a sober living home? What does that look like and what steps do I take to get started?
Not actively looking to hire a property manager, but got thinking about what I'd actually give them if I did. Realized most of what I "know" about my properties lives in my head, not in anything I could hand over. Rough sense of what's been replaced and when, nothing written down in a way someone...
Hey all, quick context so you know where I'm coming from: I work on the marketing side of a home services platform, so I don't own rentals myself. But I spend a lot of time looking at how small landlords book cleaning, handyman and plumbing work, and the difference between the ones who are calm a...
Aloha! I am looking to get some recommendations for PMs that have experience with retirement communities like Sun City in Palm Desert. What are the typical management fees? Are there any restrictions in communities like that? What are vacancy rates? What are estimated monthly income for a 3/2 the...
Hi everyone, I manage a large multifamily community in Miami and oversee day to day operations, including maintenance coordination, resident relations, vendor management, leasing performance, finances, etc. One thing I’ve noticed from smaller portfolios is how investors underestimate how operatio...
Always operated on "if it ain't broke, don't fix it," which mostly served me fine. Started wondering recently if that's actually the wrong call for certain systems, the ones where waiting for failure means a tenant with no hot water for two days versus a planned swap on a random Tuesday with nobo...
What's One Tenant Screening Practice You Never Skip? As portfolios grow, screening becomes even more important. What's one step in your screening process that's saved you the most headaches?
Hey All, I was talking with my business partner (we own 8 doors together and I own another 9 on my own). All are out of state. Some of the challenges we are seeing is in different markets there can be different property managers, different issues going on, etc. I'm curious on how you might automa...
Talked to a fellow landlord recently who said something that stuck with me: every deferred maintenance decision is really a bet that the system fails on your schedule, not its own. sometimes that bet pays off. Sometimes it turns a $400 repair into a $4,000 replacement plus a very unhappy tenant p...
Hi - does anyone have any recommendations for an HOA Management company for a small luxury community (only 7 Units - within a hotel)? We've had terrible luck so far with WRMC and then the new PMI - so hoping theres an option here?
My parents currently own two short-term rental cabins in Colorado. They self-manage one property, while the other is managed by a property management company in Grand Lake. Watching how important reliable cleaners are to keeping guests happy and properties guest-ready is one of the things that sp...
I’m an out-of-state owner with a 2BR/1BA duplex in the 38112 area of Memphis. I currently have professional property management in place, but the property has experienced a prolonged vacancy and I’m trying to educate myself and get a few independent local perspectives. To be clear, I am not looki...
These guys will take you to the cleaners from day one. They make up reasons for performing various unneeded jobs without your approval and charge you astronomic rates. The first month of their "management" I ended up in the red, i.e. owing them money! In the second month I cancelled them.
Planning to self-manage an STR, but city ordinance requires a designated local contact to physically respond to neighbor complaints within 30 mins. We want to handle the day-to-day ourselves and don't need a full property manager. For those who do this, how did you find your local contact? Also, ...