The Landlord's Almanac - Landlord Conversations
Landlords - Whether you own one rental property or hundreds, you want to run a profitable business because your future depends on it. Education is the key to opening the doors. Your success depends heavily on knowing and complying with dozens of rules while balancing the needs of a business for profit. This show lets you listen in on conversations that various landlords have regarding real-world stories that are posted on our forums. Now come join in on the conversations!www.TheLandlordsAlmanac.com
The Landlord's Almanac - Landlord Conversations
Scale & Leasing Processes to Consider
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Kassandra Taggart ; Erik Boltman
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Season 2
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Episode 5
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
Links:
Facebook Page
Website
Property Management
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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
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.
Discussion about accepting checks, cash, and or verified funds from tenants on the first payment.
There are programs now available to help with tacking of the income and payments to leverage time and scale.