All Forum Posts by: Jorge Roman
Jorge Roman has started 5 posts and replied 72 times.
Post: Managing out of state investment repairs
- Posts 74
- Votes 12
I'm actually quite familiar with a company that coordinates maintenance repairs for landlords. They have a fixed monthly cost that's under $40 where they will take all your tenant calls and even find contractors for jobs if you don't have any. I'd be happy to share my experience if anyone in a similar spot wants to message me.
Post: Insane Water Bill and Battling with Property Management
- Posts 74
- Votes 12
Originally posted by @Casey Roberts:
I appreciate the advice, everyone. This is my first time working with a PM so hearing about the basic communications and expectations from you guys has been very helpful. Hopefully we can get to the bottom of why the bill was so high and then in the future I’ll have to do a better job following up, communicating and keeping an eye on things myself. Thanks again
If you're only using the property management company ONLY because you need help to coordinate repairs I know of a company that can help you out that is pretty inexpensive. I'd be happy to share more if you want to PM me!
Post: Property Management Company in KCMO
- Posts 74
- Votes 12
Originally posted by @Lewis G.:
I have a couple properties in Kansas City, MO. Is there a property management company that you recommend?
Thanks,
My first question is. What's stopping you from self managing?
Post: Updating appliances in small multi-family
- Posts 74
- Votes 12
Thats kind of a loaded question.
Are they still in working condition?
If you're getting them replaced some companies will haul the old appliances for you at a small fee if you look around.
I know of a couple services that can help you manage all that if you want, just PM me, happy to help.
Post: Property management in Excell
- Posts 74
- Votes 12
Originally posted by @Mary Jay:
Hi guys,
I am a small landlord, so I dont really want to pay monthly fees to property management company at this point (I will do it later on)
So I was thinking of doing it in Excel (since its free), but not sure on how to organize it (I am not really good with things like that)
So I was thinking of may be doing one excel sheet per property? Then have on top portion income (rents) and then bottom portion would be expenses... Have a column for each month? And do a separate excel sheet on each property every year?
Or may be better to have the same file for one property and just have several excel sheets in that file for 2017, 2018, 2019?
I hope I am making sense with my explanations...
How do you organize in excel? May be someone can post a picture? If you dont mind to share...
Thank you so much!
I actually know of a few tools you can use that are super cheap or free that you could use in lieu of an expensive Property Manager. PM me if you want to talk about it!
Post: Rent Reduction for Snow Removal by Tenant?
- Posts 74
- Votes 12
Rent reduction over all will devalue the place. On paper you'll be renting it for under market value, also you're assuming they actually follow through with it. if they don't you'll have a lease with lower rent on it for no reason. I agree with the above that if you are willing to take on the cost you should pay them for the work completed when completed. Also keeps your rent normal on paper rather than fluctuating all over the place based on an agreement with 1 tenant.
Post: Whats the most ridiculous late night tenant call you've received?
- Posts 74
- Votes 12
Originally posted by @Andrew Bang:
It's when they call you about something that is obviously their own issue but they think you should fix it. Had a tenant call me because their Roku wasn't working (vacation rental). I asked them if the WiFi was working, they said "yes, its working great, just can't get my Roku to work"
HA! That's amazing. I don't think I would have been about to say anything except "Have you turned it off and on again?"
Post: Whats the most ridiculous late night tenant call you've received?
- Posts 74
- Votes 12
Hey Guys,
So I recently stopped taking all our tenant calls but it made me reminisce on the days I was taking those calls. I think one of the most absurd calls to ever grace my ears was having a tenant call me at 2AM in December that their HVAC unit wasn't working. I assumed they meant the heat was out, but when I asked what was wrong with it, they told me "I set it to 60, but it's only 70 inside...". I just took a really deep breath... hung up... told them I'd call them in the morning. Anything else was going to be a disaster out of my mouth.
Thats all in the past for me now that I outsourced my maintenance but sometimes I feel like I have tenant PTSD when my phone rings in the morning!
Whats the most ridiculous thing you've been asked to do by a tenant?
Post: Third Investment Property in Jacksonville, FL (2018)
- Posts 74
- Votes 12
Awesome to hear you're starting up your investments. I know a lot about self managing and work with a lot of property managers and landlords, if you want some starter tips I'm happy to have a dicussion! PM me!
Keep on growing!
Gotcha, I agree with Frank about gathering the bid,
I would actually make sure you get 2 or 3 bids, don't be afraid to pay the same fee a few times, you may see thousands of dollars in difference from one GC to the next. You'll find some inspections much more effective than others