All Forum Posts by: Julian Colvard

 I'm a property manager in the Atlanta Metro area. I'll send you a request so we can exchange information.

To answer your question, the hardest part is finding someone who will take the time to explain the process to you and what to expect during each phase of the process. Examples: What to expect 1) when the home is up for rent, 2) how long does it take to get a renter in your area, 3) what type of tenant to expect and why, 4) etc.

They also don't explain the agreement between you and them as PM and client. They just want to sign paperwork and go. I know this b/c i spoke with several PMs before I became one. Most of them suck at communication.

The big companies are very hard to get in contact with for the client and the tenant (i was both), and the smaller companies don't move with much urgency to get repairs addressed.

Are these buckets brand new accounts withe one bank for the same business, or are the buckets new accounts under a pre-exsing account?

The first one involves you logging into a bank's website and having to "switch tabs" each time to see all of your different accounts. The second one involves you logging into the bank's website and being able to see multiple checking accounts under one account on one page. Does this make sense?

Currently, I’m getting through “profit first“ for real estate investors (book). It’s giving the advice of setting up multiple accounts for different purposes, and my question is, what banks do you currently bank with that allows you to open up multiple checking/savings account for one entity?

The book is saying open up multiple accounts for your business for the purposes of charitable giving, owner income, taxes, paying down bad debt, etc.

If she wants to, she can attend. To avoid her, you can go to the house when you know she'll be at work and can't attend.

You also have a time frame to finish the move out inspection and sending her a list of deductions, if any, you are making towards her security deposit. In GA, this time frame is 5 days. You can check the NOLO website for your state laws.

https://www.nolo.com/legal-enc...

**Make sure to rekey the door. We have in all of our leases that there will be a rekey fee charged to the tenant after move out.

If the tenant meets all of your requirements, go ahead and send them a lease. The main reason for waiting is to get good applicants. If you already have one, you have saved yourself time. Everyday the house is not rented, you are losing money.

1. A strategy I use to entice applicants to sign a lease early is including washer, dryer, and or Internet/Security with no additional cost IF they sign the lease before a certain date. Or, I will give them half off the first month's rent or the entire first month free. Stating this is the rental ad can also bring you more applicants so you can choose the best one.

2. If you want them to sign a lease early, you can ask them if they would like to pay a fee so that the property is not available to anyone else. You also have them sign an agreement stating that this fee is nonrefundable. If you need that paperwork, let me know by sending me a connection request and messaging me your email. 

3. Usually it takes around 45 days to get a property rented this time of year, so slow interest is normal. What you are experiencing is not unique. Don't panic. Always have enough money to go 2-3 months without a renter.

4. The easiest way to drive more interest for a rental property is by lowering the price. If the listed rent price is below Market rent and cheaper than everything in the area with similar property condition, same bed/bath count, similar lot size, etc, applicants will rush to see the home and or fill out a rental app. After you have multiple (good) applicants, you can reach out to all of them to let them know there are multiple people who qualify to rent your home, and whoever is willing to pay the most in rent gets the house. Just ask them what's the max amount of rent they would be willing to pay and are comfortable with. 

I can connect you to someone who owns and manages his on a portfolio of 23 short term rentals here in Georgia. Would you be open to that? If so let me know, and I’ll send you my number via direct message so I can introduce you to him.

 I ask for proof of last 3 months rent now. I don't even bother calling a previous landlord. It's still on the rental application , though.

 How many times have you rented a property using furnished finders, and what has been your experience with it, overall?