Title:
Scale & Leasing Processes to Consider
Summary:
In order to be a larger investor, you'll need to understand how to scale early on. Then once you scale, you'll take basic situations and make a process for it. Such as how to accept the first rent payment and decline a tenant.
Recorded:
October 1, 2019
Host:
Kassandra Taggart / Erik Boltman
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Sponsor:
Pioneer Floorcare
Real Property Management Last Frontier
Show Notes:
- Erik Introduction
- Erik's Job position
- Difference between The Landlord's Almanac and Real Property Management Last Frontier
- Discussion about "scale" as a business owner vs a landlord
- Discussion on creating processes for scale
- Using the process of cleaning gutters and how a DIY landlord will look at the process vs a good property manager
- It is a slim chance you'll remember to do certain activities for management unless if you can organize a calendar of schedule and follow it.
- Apply the goal with the process and scale
- The guy who can scale will make more money than the guy who can' scale.
- Where do you want to put your brain bites? Balancing your time.
- Tell a story a memorable experience helping others on "The Landlord's Almanac"
- Discussion about the last two events and what was discussed.
- Forum Question about how much to collect for a first months rent
- The process of collecting 30 days of rent along with the reason behind collecting the
- All about risk vs reward
- Discussion about accepting checks, cash, and or verified funds from tenants on the first payment.
- Establish a presence about being professional.
- Screening is more important for DIY landlords because bad tenants do target DIY landlords.
- There are programs now available to help with the tacking of the income and payments to leverage time and scale.
- Question about declining a tenant for lieing
- Tenants might bully for the decline
- We had such a good chat that this will be 2 episodes
Kassandra Taggart - Alaska Real Estate Broker - Real Property Management
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