It'd be great if you left thoughts there - i'm trying to get more replies - so that more people leave their replies too.https://www.biggerpockets.com/forums/311/topics/67...From L to R - My wife, Judy, Parker Jr (PJ), myself, and Kyle - in Horseshoe Slot Canyon, AZ, in July 2018

1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.  

Kinda like a slotting fee in a grocery store?

.$10 Also, a variety (1"-2.5")of drywall screws, construction screws, and some drywall anchors.6in1 screw driver, that has 1.large phillips, 2. large slot/flat head 3. small phillips 4. small flat 5.1/4 nut setter 6. 5/16 nut setter.$5MOST IMPORTANTLY!

This is an app that allows prospects to schedule a time slot for viewing the property based on my team's availability that was preset.  

Now if I had another tenant ready to go and slot straight in, then sure, I would consider refunding him some rent. 

I leave a note in the door slot that says:  "Make sure you keep paying...We know where you live.   

I only sent out reminders because I had a lot of law students who would have the rent check sitting on their dresser, but they were so exhausted that they'd just forget to put it in the drop slot (the owner I worked for was old school and wasn't interested in online options).It seems like the only reason you need to contact your tenants is to tell them how much they owe in utilities. 

I had seven people slotted, 5 showed and of those, 2 would have likely met my criteria and signed leases.One thing I definitely learned: "we are still looking and we will get back to you" = they are not interested.  

There is a $35.00 Non refundable background check that the applicant needs to pay to smartmove.Look at the ID of the person when they get to the property,.......and make sure it matches the person.....A quick tip on showing......and setting rental prices.......Do a "soft advertisement on Craigslist with all the info.....but without the actual address.....just the name of the street.....see if you get lots of responses quickly.......if you do......that means you need to take the ad down for a couple days and then re advertise it at a higher price..............I advertise on CL and when the phone rings.....Do NOT ANSWER.............let people leave voicemail .....you want to see if when they leave a message they sound like someone that you may feel comfortable talking with on a daily basis......And DO NOT DO OPEN HOUSES..............What you need to do is when the first person you talk to that you get a good vibe with expresses an interest in seeing the house......you tell them I'm showing it Saturday at 10am and Sunday at 3pm...........then be quiet.....they will pick a time.......and you repeat that process with everyone that calls and make sure it at or around the same time slot as everyone else.....Don't tell them other people will be there also......When they do show up and they see other people there also.....it creates more of a demand for the room :-)   Also...pick a time that is withinn 24 hours of talkin with the person....if you talk with them Monday afternoon....tell them you are showing it tonight at 7 and tommorow at 6.