All Forum Posts by: Rene Hosman

I LOVE Notion. And if you're okay with getting a little technical and spending some time to build out your SOPs and automations you can customize it to exactly what you want. But it takes a lot of work on the front end to set up. Personally my tech stack looks like this:

Docusign - signing leases (technically rentredi can do this I think, I'm just too lazy to change)

Rentredi - applications for properties, tenant payment platform, maintenance request tracking

Baselane - Banking (you may not need this yet with only one property but SO great to have multiple accounts for multiple props)

Notion - SOP docs, how to's, general instructions in databases and pages

Tango - use to record step by step instructions of specific tasks and link in Notion pages where necessary

I also self manage, and most of my communication is with tenants, handyman, and occasionally banks, so I don't have a great rec for how to most effectively communicate with a PM, however if you have a project database set up in Notion it should be easy to create the steps you want and track how you like

0% VA loans are great, but I totally get that it's hard to find just about anything anywhere that cashflows with 0% down. Are there any opportunities to do value add with a 0% loan? Like buy a place that doesn't cashflow as is but split it into a duplex and get it looking nice with the money that would have been a downpayment so that it cashflows??

Benefits of 0% down are that you don't put any money down, obviously, the downside is that it means you owe the entire balance on the home which can be hard to cashflow.

I'm not super familiar with the VA loan products myself, do they offer any benefit other than 0% down? Do the interest rates tend to be lower? Do you have the option to put some money down so that it at least breaks even?

I wish I had an answer, but just here to commiserate because I'm finding the same issue with my place in CO. A third GC said perhaps the foundation isn't what's bad and the sinking on one corner we're seeing is just bad framing. Sigh!!!

Can't wait to learn more about AI at BPCON, besides ChatGPT I'm totally lost on what tools are available @Alexandra Hughes Pailet !!

@Jay Hinrichs Looking forward to meeting in person at BPCON this year!! Hopefully you too @Ned Carey and @Chris Seveney ???

 Good question Matthew! I manage 4 properties that have a total of 5 doors, some MTR, some LTR. I have personally found that between RentRedi, Docusign, Gmail, and Baselane I have no problems keeping track and I plan to continue to use solely those platforms for the time being. 

RentRedi - Free with BiggerPockets Pro account. Have used this since the beginning of my landlord journey. Uses - Tenant application and screening (application, credit check, income verification, background check), once I verify a tenant's landlord references and employment references which are collected through the application and they've been approved and signed a lease, I use RentRedi to collect rent via ACH transfer. You can set up automatic rules for late fees so it notifies tenants automatically when rent is late and adds late fees for me. 

Docusign - I have my lease template in here and use it solely to sign a lease with the tenant

Gmail - I use this for all tenant communication, unless it's urgent in which case they have my cell. I also use gcal for all tenant move in and move out dates. 

Baselane - Use for all banking and budgeting for rental units. I love that I can have separate accounts for each unit to track expenses and collect rent into each unit's individual bank account. 

Personally I only list on Furnished Finder and Facebook, but RentRedi can automatically list for you on Zillow, Realtor.com and also has it's own unit rental listing page you can link to facebook

 I'm not in the OC but I met a ton of folks from southern CA there last year! And this year is such an easy trip from the OC area being in Vegas. Let me know if you have any questions, look forward to seeing you there Michelle!

 We had Denver last month!! But hoping to do a lot more around the country!

Have you heard of Schlage locks?

 Yeah Joe it's linked here https://www.biggerpockets.com/resources/property-management/...