Virtually all PMs have PMS software (hospitable, streamline, boom (avoid boom like the plague), etc) that has a cost per property.

Most management software offers free trials you can play with too.

So if I have one applicant with higher income than other applicant but both meet minimum income threshhold.

I want to share my experience as a first-time OOS investor targeting Indianapolis, because I think it might save some of you from making expensive mistakes.Quick background: I'm a software engineer based in NYC.

Pay attention to your inquiry-to-showing ratio.If you’re getting views but no inquiries → price is too high.If you’re getting inquiries but no showings → description or screening barriers might be the issue.If you’re getting showings but no applications → something inside the property is turning people off.Each one points you to a different fix.4.

One way to improve your chances of closing is to make the process as easy and frictionless as possible—clear photos, upfront pricing, flexible lease terms, and maybe offering an easy online application or instant booking if it’s short-term.

@Rion Redinger Hi Rion, I don't show a unit until I have a completed application including a pay stub documenting employment and income, a copy of the applicant Driver's License and I will have run public record court searches for all munis and counties listed on the application.

Two facilities a mile apart can perform completely differently based on visibility, access, competition density, and local move-in drivers.Operationally, most early mistakes happen around overestimating lease-up speed, underestimating capex for conversions or expansions, and assuming revenue management software replaces market knowledge.

@Helena Goyvaerts rate for a 30-year fix would be at least 8.5% with some points (1% of loan amount).Most DSR lenders have a minimum credit score requirement from the applicant.

I submitted my application a few weeks ago and am just waiting on approval and studying in the meantime, until I can take my exams and get fingerprints done.