RentDebt Automated Collections, LLC.’s Post

How to Successfully Select a Tenant

There is NO excuse for not going to tour your propeties in person. But here’s a few (excuses) I’ve heard and why I don’t buy them. 👇 DISTANCE - “It’s too far away and will take too long to get there.” Whether you live a five minute drive or a five hour flight you should be visiting your properties. Make the time!! 👇 SOMEONE ELSE WILL DO IT Your property manager or leasing rep should be onsite on a regular basis. But they are always seeing it with their lenses on. As an owner you should be seeing it from every angle. Perspective matters. 👇 MONEY - “It will cost too much to travel there.” This cost should be baked into your yearly budget. If you write good enough leases this cost can even be recovered from your tenants. 👇 JUST GOOGLE IT Street view is great for getting the lay of the land…BUT Things change at propeties all the time. Tenants come and go. New landscaping company starts. A competing property just landed the tenant you’ve been chasing. You can’t see these things happen in real time on google street view. 👇 NOT MY PROBLEM - “My tenant takes care of the maintenance” Even the single tenant, 2,000sf, building need to be seen. These are living breathing buildings that have to be inspected. How would you know if a tenant may have installed something without permission. Meet with to the store manager to find out how business is. Never know what you will learn by going onsite. 👇 That’s it!! Bottom line, get out there and see your properties. Plus as a bonus it gives you an excuse to get out from behind that desk and go do something…maybe even have a little fun!!

Friday True Story…excerpt from a deal I recently completed: Tenant: I hired you to represent me because I do not trust Landlords. Go back to the Landlord and tell them to evict the existing tenant today, get their city permits for demo/shellwork tomorrow and do their demo/shellwork the following day so they can deliver the space to me by end of the week. Takeaway: There are really only two solutions if you don’t trust Landlords: 1. Buy a building 2. Get out of business

𝗜𝗴𝗻𝗼𝗿𝗶𝗻𝗴 𝘁𝗲𝗻𝗮𝗻𝘁 𝗿𝗲𝗾𝘂𝗲𝘀𝘁𝘀 𝗶𝘀 𝗯𝗮𝗱 𝗳𝗼𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 ➡️ Particularly regarding repairs and maintenance or any other concern tenants have communicated. ➡️ As a landlord, your tenants rely on you to maintain safe and liveable premises and respond to their needs and concerns. Unfortunately, some landlords may ignore tenant communication, leaving their tenants frustrated and powerless. 🟢 Most of us can relate to going into a shop, intending to buy something and being ignored by the shop attendant, which can be very frustrating as we have come in specifically to purchase an item. 🟢 We don't mind waiting when the shop is busy. But just being ignored for other reasons when we're ready to spend our hard-earned money can get your dander up. 🟢 If you were continually ignored, you would probably walk out and go somewhere else.  𝐆𝐢𝐯𝐢𝐧𝐠 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐬𝐞𝐫𝐯𝐢𝐜𝐞 𝐭𝐨 𝐭𝐞𝐧𝐚𝐧𝐭𝐬 𝐩𝐚𝐲𝐬 𝐨𝐟𝐟 𝐛𝐢𝐠 𝐭𝐢𝐦𝐞.  ✅ Making life easier for landlords is what we do. 𝐏𝐥𝐞𝐚𝐬𝐞 𝐬𝐞𝐞 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭 𝐛𝐞𝐥𝐨𝐰 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 🔻 #landlords #propertymanagement #richardpmsavant

Trying to decide if you want to sell or rent out your house once you move? There’s a lot to consider – especially when it comes to figuring out if the profit is really worth the potential pains you might come up against. Pro tip: Talking to another landlord plus professionals (like me) can help you decide what’s best for you and your situation. 🏡 Ready to buy or sell in Houston, TX? Contact me today and let's get started! #HoustonRealEstate #TomballTX #SpringTX #TheWoodlandsTX

🎄 A landlord Christmas carol: Reflecting on the past, present, and future of the private rental sector 🎄 This festive season, our founder, Paul Shamplina, reflects on the challenges, triumphs, and opportunities shaping the private rental sector in 2024. From the trials of possession delays to the growing need for professionalism amidst evolving regulations, Paul's insights offer a guiding light for landlords navigating change. Much like Scrooge's transformation in Dickens' classic, landlords have the chance to learn from the past, act in the present, and shape a brighter future. Discover how perseverance, preparation, and community can lead to progress. 📖 Read the full article now and embrace the future of the private rental sector: https://bit.ly/3OLdX3B

https://lnkd.in/gfEKW742 Thinking about selling, but not sure where you’ll go? The good news is the supply of newly built and existing homes for sale has grown this year. That gives you more options – each with their own perks. So, which will you choose? A charming existing home or a shiny new build? Let me know which features you’re looking for in your next home. Drop your answer below. #realestatetips #newconstruction

If you’re gearing up to sell your house this spring, one of the early conversations you’ll have with your agent is about how much access you want to give buyers. And you may not realize just how important it is to make your house easy to tour. To figure out what’s best for you, your agent will walk you through options like the ones below. • Lockbox on the Door – A key is available via a lockbox, which makes it easy for agents to show the home to potential buyers. This gives the most flexibility because the key is on-site and convenient. • Providing a Key to the Home – An agent would have to stop by an office to pick... #sellyourhouse #moveuphome #dreamhome

If you’re gearing up to sell your house this spring, one of the early conversations you’ll have with your agent is about how much access you want to give buyers. And you may not realize just how important it is to make your house easy to tour. To figure out what’s best for you, your agent will walk you through options like the ones below. • Lockbox on the Door – A key is available via a lockbox, which makes it easy for agents to show the home to potential buyers. This gives the most flexibility because the key is on-site and convenient. • Providing a Key to the Home – An agent would have to stop by an office to pick... #sellyourhouse #moveuphome #dreamhome

Learn from the pros to see how you can foster your landlord-tenant relationships to increase tenant retention and satisfaction. 👍 Read More Here: https://bit.ly/3x2jRbd #courtesy #landlordtips #rentalproperty