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All Forum Posts by: Brianna Reynolds

Brianna Reynolds has started 1 posts and replied 56 times.

Post: REIA Meetings in St. Joseph MO?

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41
Originally posted by @David Ono:

Hi Justin! I'm in Kansas City. Not aware of any REIA meetings in St. Joseph, but MAREI is doing their general meetings over Zoom right now. I'm pretty sure there are some members who are from St. Joe. They also have a sub-group of investors for the northland.

 North Kansas City also does their MAREI meetings once a month in person, not sure if it's worth the hour drive from St. Jo though. 

Post: New and looking to invest out of State

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41

Welcome to BP @Barry Truong

I am a property manager in Kansas City and most of my owners are out of state. This is an excellent market and there are several blog posts by members for you to read through. Explaining the different goals you might be looking for and how different sides of town can help you meet all of those. 

If you're looking for any advice on KC my inbox is open, good luck!

Post: 1st time screening applicants, BP I’d love some tips/advice

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41
Originally posted by @Cory Lucas:

@Brianna Reynolds thanks a ton! Great stuff, it’s tough going through this the first time. I’ve read plenty but it doesn’t quite prepare you for the real deal. Thank you for your insight and time, it’s greatly appreciated

You're welcome! I've come across every situation imaginable at this point, everything from single family to multi-family, so if you ever have questions please feel free to reach out. I don't mind a bit!

Post: 1st time screening applicants, BP I’d love some tips/advice

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41
Originally posted by @Cory Lucas:

@Brianna Reynolds thank you for the reply! Greatly appreciated and good insight

I am using Cozy’s platform at this time. They run a credit and background check. I’m probably going to go ahead and pull the ad. Figure I’ll reach out to all the leads and let them know “We are reaching out to let you know that the property is still available, but the ad has been pulled due to the property generating a greater response than was anticipated. We are still processing applications if you have not applied at this time, but the property is still under renovation at this time and once it is ready to view we will then reach out at that point to see if you are still interested.”

Thoughts?

 I believe if you contact Cozy's support team they will provide an adverse letter. (Of course this was years ago that I used it, so I'm not sure if that is still the case. However, it's worth a shot)

I like your notice to all leads, although I think ending it after "greater response than anticipated" and following up with "We will be going through the applications at this time. The unit will be available for viewing *insert date* and will let you know if it is still available at that time."

Perhaps generate a separate one for applicants and to touch base with them regarding their move in date. Maybe sending something like... "Thank you for your application on our property. Please know that we are reviewing applications at this time and due to the response generated have temporarily pulled the ad. The property will be available for viewing **insert date** and move in **insert date**. Once approved we will expect a deposit and the move in date. Please let us know as soon as possible if the criteria does not work for you"

Just my thoughts :) 

Post: 1st time screening applicants, BP I’d love some tips/advice

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41

Personally I like to wait until the unit is available for viewing before I have it listed for the public to see and would pull it until then. When you have a unit not 100% ready prospective tenants are not always going to see the property for the potential vs what is available. So having it rent ready is a huge plus and will save yourself the headache of tenants getting combative over things you already plan on fixing.

As for responding to denials, please be very careful with this and I would seek legal advice. When a denial is due to the screening: What are you using to screen applicants? Most of them have adverse action letters they provide as a guideline. Refer the applicant to whatever source and let them know which of your criteria they did not pass. But avoid getting into specifics for legal purposes. Let the company handle that since the applicant can request a copy of their screening from them. Now when it comes to denying someone due to their behavior towards you so far you don't need to provide a reason as long as the reason is not one of the protected classes or discriminatory. 

Always get a release signed by your applicants giving you permission to verify employment & rental history. I always call both and request their email address to send over a verification form. Typically employers are going to be verbal, speak with HR and verify they work there, their dates if allowed and income. Not all companies allow this to be done for free though. So I also request 2 months worth of paystubs to verify income as well. 

I hope this helps, good luck with everything @Cory Lucas

Post: Rental property upgrade.What to do.

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41

@Patrick Reagan I believe it varies by state. California for example refrigerators are an amenity rather than a necessity. Although, you are likely to limit your applicants, as the amount of people interested in purchasing their own appliances is not high among rentals. It does however save you from being responsible, so it is personal preference. 

We provide a range & refrigerator at minimum for our rentals, some have a built in dishwasher or microwave. The condition of any appliances are heavily documented prior to occupancy and there is a clause in the lease holding tenants responsible for damages. 

Post: Cozy - Apartments.com merger?

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41

@Michael McClearn Zillow can be used for both of those. The screenings will be free to you and charge the prospective residents. I believe there's a free option for rent collection using the rental manager, but I don't personally use that portion so I'm unsure how it works. 

Post: Where does everybody list rentals?

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41
Originally posted by @Chris Collins:

Thanks for your feedback! Sorry if there was confusion- I’m not listing, I’m looking to rent a place. 

I thought I would check here because I feel like just by joining this site you care to learn more about real estate and are aware of what it takes to be a good landlord/property manager...which will be light years ahead of my current landlord. 

Apologies If this is the wrong place for such a discussion, but I’m 3 weeks from moving without anything locked down. 

With regards to actual re investing I’m talking with someone about partnering on a flip so I’m sure I’ll be back for the more standard forum post soon. Thanks again! Chris

 Ahh, I gotcha. I would use that website I linked above to google them directly and see reviews and if they have listings available. Property management companies listed on there must pay the yearly fee to be associated with the National Association of Property Managers. 



Post: Where does everybody list rentals?

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41

Most of my traffic comes from Facebook marketplace @Chris Collins

We also list on:
Zillow
apartments.com
zumper
Craigslist

I've been in property management for about 3 years now, so I can absolutely lend a hand if you need any additional ideas. 

Do you have good pictures to advertise with? 

Also, I recommend giving this website a go on finding a management company if you don't wish to do it yourself. 

https://www.narpm.org/find/pro...

Post: Do you paint your kitchen cabinets in a rental?

Brianna ReynoldsPosted
  • Property Manager
  • Kansas City
  • Posts 60
  • Votes 41

Definitely a +1 for painting vs staining. 

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