Managing your own tenants?
Todo List
- [ ] Set up Google Voice to be contacted only in the case of an emergency or leak. Enable call recording for any potential legal issues.
- [ ] Create a separate email address and inform them that most communication should be done through email, with a response expected within two days.
- [ ] Set up a separate bank account; Chase is a great option, but it's also a good opportunity to build a relationship with a local small lender.
- [ ] When it comes to getting paid rent, avoid cash. Onboard tenants, contractors, and inspectors to your Software.
- [ ] When interacting with tenants, contractors, and inspectors, make it clear that you are the property manager, not the owner. This makes it easier to blame an imaginary rich uncle for rent increases.
Getting New Tenants
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💡 Automation Tip!
Have your tenants show the units themselves:
- Put a Smart Locks on the unit
- Quiz interested tenants on if they financially/credit wise qualify for your unit
- Ask them to take and send a photo of their driver’s license + a selfie of them with your rental in the background
- Send them the lockbox code so they can see the unit themselves
- Follow up with an application
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- Smart locks
- General requirements
- Applicants
- Rejections (avoid discrimination lawsuit)
- Hide lockboxes so they don't know your building is vacant
- Batch showings
Screening Questions