Scale & Leasing Processes to Consider

The Landlord's Almanac - Landlord Conversations

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:
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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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Capitoli

1. Erik Introduction (00:00:00)

2. Erik's Job position (00:01:04)

3. Difference between The Landlord's Almanac and Real Property Management Last Frontier (00:01:34)

4. Discussion about "scale" as a business owner vs a landlord (00:03:20)

5. Discussion on creating processes for scale (00:03:41)

6. Using the process of cleaning gutters and how a DIY landlord will look at the process vs a good property manager (00:06:18)

7. 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. (00:08:06)

8. Apply the goal with the process and scale (00:09:08)

9. The guy who can scale will make more money than the guy who can' scale. (00:09:24)

10. Where do you want to put your brain bites? Balancing your time. (00:09:32)

11. Tell a story a memorable experience helping others on "The Landlord's Almanac" (00:11:15)

12. Disusion about the last two events and what was discussed. (00:11:51)

13. Forum Question (00:14:24)

14. Forum Question about how much to collect for first months rent (00:14:45)

15. The process of collecting 30 days of rent along with the reason behind collecting the (00:15:14)

16. All about risk vs reward (00:17:40)

17. Discussion about accepting checks, cash, and or verified funds from tenants on the first payment. (00:20:10)

18. Establish a presidence about being proffesional. (00:21:24)

19. Screening is more important for DIY landlords because bad tenants do target DIY landlords. (00:22:17)

20. There are programs now available to help with tacking of the income and payments to leverage time and scale. (00:23:59)

21. Question about declining a tenant for lieing (00:26:01)

22. Teants might bully over the decline (00:28:39)

23. We had such a good chat that this will be 2 episodes (00:31:00)