All Forum Posts by: Dan Marl

Quote from @Quincy Lockett:

@Dan Marl

There is a limited number of people looking for your particular rental at any given time. Once those people have processed through, your listing is stale because people have moved on. Relisting won’t “freshen” your listing. You have to wait til the next sizable crop of renters show up. Renters don’t care how long your listing has been up if it’s what they want.

 I think you are right.  Summer is coming up and suddenly I am getting a lot of interests the last few days.  

Hello Robert,

Thank yoyu for the response. They will provide the WIFI, as I don't want to get into the business of setup/troubleshooting their internet connection issues.  The serial number of the device is registered with their email, so a factory reset wouldn't help.  I think Ring did this to deter theft.  

I was given a used Ring floodlight and I couldn't use it because the SN was already registered to a different email. 

I think I will have them buy the doorbell, we install it and have them setup and configure the doorbell.  If they leave, they will have to put back the original dumb doorbell.  Any issues with the Ring doorbell, they would have to fix or troubleshoot. 

What a great idea about explaining why it's listed for so long.  Thank you!

I have a potential tenant who is asking for a Ring Doorbell at the frontdoor at a house in Texas.  I have a have one at home and I have installed a few for friends and family so I am very familiar with the product and monthly plans. I don't mind paying for one and installing it.  But I have a few concerns.

1. If I pay for it and it's registered to their email. If they move out and forget to deregister the doorbell from their email, the doorbell is useless for me.  

2. Or should it should be register to me and I share out the doorbell for them to use?  However this involves privacy laws now.  If they want video recording, how should they be charged? 

I am thinking they should pay for it, I install and setup the configuration (Wifi). They pay for recordings if they wish.  When they move out, they take it with them.

Does anyone have experience with video doorbells in their LTR?  

Last November, I listed my house for rent.  But due to a 4-month months illness I had, I wasn't able to response or show the house. However, I got a lot of requests and inquires.   Finally I got better and started showing the house starting March.  By then, the requests and inquiries had dramatically fallen off.  

My current Zillow listing shows the house as 145 market.  Could this the problem?  Do renters see long days on the market as a red flag?  If I removed my Zillow ad and relisted, would that start the days back at zero?  

Quote from @Ben Andaya:

I’ve been managing multiple self-storage facilities remotely, and one of the biggest game-changers for me has been hiring a remote property management team based in the Philippines. It’s saved me a ton on overhead, and honestly, the efficiency and professionalism have exceeded my expectations.

Now I’m working on building a company that helps other property owners connect with highly trained remote managers who can handle leasing, tenant communication, rent collection, maintenance scheduling—you name it.

If you could cut management costs by 50–70% while keeping things running smoothly, would you consider going remote?
What would your concerns be with that kind of setup?

Just trying to gauge interest and get real feedback as I build this out. Appreciate any thoughts!

 This sounds interesting.  What is the name of the company you use in the Philippines? I googled and many shows up.  One of them is rentmarble.com 

I have a home near Van Alstyne and I feel you.  It's definitely the market.  I self-listed my home on 11/24 and for the next 3 months I was getting so many inquiries to see the house. But I was very ill physically and mentally so I didn't want to deal with it.  Some potential tenants even scolded me on my voicemail because I wasn't replying to their request lol.  

On 3/25, I got better so I got back into renting my place out.  However, the inquiries dried out.  Barely anything.  My price is competitive to the area and the same advertisement didn't change.  I don't want to get political but with the stock market drop, tariff wars, instability etc, people are staying put. It was a very steep decline on the inquiries. 

Make sure your PM lists the house on all the RE sites, including Facebook Market and Craigslists.  

Don't just accept a credit report because it could be fake.  It could be even someone else's. There is a lot of ID fraud these days.  Make yourself an account on rentprep.com or avail.co or similar. Put in their email and the company will send them an email for their information.  Have them pay the credit report fee.  You will get a FICO score, report, background, eviction etc.  Make sure to get last two paystubs for income verification and 3 months of bank statements.  

Quote from @Galen Ikonomov:

Dan, like someone already mentioned, that is a good deal considering you are going to have a co-signer that is currently renting from you and you like them. I assume we are talking about a Hispanic family and the new tenants don't have paperwork. The culture where I am from is the same as the Hispanic culture and FAMILY is number 1 for us. They are not going to leave the sister to go on the streets homeless or put her into a stressful situation. I would do this deal all day with collecting at least 2 months of security deposit in case things go south.

They seem to be a very tight-knitted family. What makes it a little complicated is that the couple is moving out between 12/1/22 - 12/15/22 (the builders don't the exact date), and the parents want to move in between 11/1/22-11/15/22 (when they sell the house). Therefore there is some overlapping where all of them are living in my rental. 

Normally I like my old tenants to move/out before I do the inspection then I let new tenants move in.

Perhaps have the parents put their belongings in the garage temporarily until the house is empty/clean/inspected?

Quote from @Greg H.:

So you have a ready tenant with a family that you already have a positive relationship with and want to deny them in hopes that you find another family as good as this one?  Just does not make sense to me.  One must realize in Texas with a SS# or not, you will almost never collect a judgment in Texas if this go south.  No lost rent along with your past great tenant involved.  I would do this deal all day long 

 You have some good points. I can see the pros and cons on both sides. I told them I'll let them know in 2 weeks. Thanks