All Forum Posts by: Account Closed

@Scott Trench

What asset class are you referring to? What strategy? What term? Price range?

Good news is you’ve hired a pm co, and this is their mistake to fix. They should be taking a MUCH harder line with this loser tenant. House is sold, leave by sheriff or on your own, but you’re getting nothing big fella. Pm insurance will cover the cost but it’ll mean their premiums go up (which is likely why they haven’t stepped up to solve the problem already).

@Lindsey Spivey

For perspective, I charge $100/MONTH for a dog, $50/ for a cat. And I used to get double that before vacancy hit topside of 14% in my market. I target pet owners exclusively, and I focus on dogs.

@Quentin Mitchell

On-time payments aren’t a fiction at all if you require it and screen closely. Set yourself up for success with appropriate systems, and when a hole is discovered, plug it!

Spit shine on the counter: optional.

Rent paid by noon on the 1st: not optional.

That’s my answer

@Mike M.

Trim takes such a beating I just use white semi gloss base from CIL. SW has great paint though, I use that everywhere else!

@Quentin Mitchell

Paying rent on time is not optional.

@Peymon Hashimoto

I think you’re not thinking creatively enough. Schedule the text. Not write it on the 1st, schedule it to auto send. Same can be done with email. You spend 5 min scheduling it once at the start of the tenancy. And if you’re placing tenants who can’t change a furnace filter even after a reminder you’ve got some garbage tenants. At initial walk through they initial the paper that they have been shown how and feel confident changing a furnace filter and agree to do it monthly or, as mentioned by a previous poster, absorb the consequences of possible furnace repairs required from a burnt out motor pulling air through a plugged filter... there is zero reason to spend time sending repeating digital communications. Get good (read: efficient) at your job or get used to being unconcerned with your hourly income.

@Peymon Hashimoto

Scheduled Auto text reminder on 1st, “reminder, rent will be auto debited today! Please fire me a text with pic when you’ve changed the furnace filter!”

Write the month on each, drop 12 off at a time.

@Mike Kirby

Let’s, time, kids, and they aren’t vacuuming or sweeping or swiffering etc ever. They’re either pigs in some way or ac happy. Either way filters are cheap like borscht, buy 12 and instruct to change them monthly.

@John Cazy

Highly recommend “Scaling Up” by Verne Harnish. There’s a 1 page business plan in there (it won’t make much of any sense if you don’t read the book though!).