At DKRentals.net we are very proud of our tenant application screening process. A few years ago, DK switched to Findigs as our technology provider for screening. Moving to Findigs was a true paradigm shift! Some of the advanced features included in Findigs are: 1. ID verification using a selfie provided by the applicant and verified against government databases similar to the technology used at airports. This minimizes the risk of ID thieves renting our properties. 2. Direct access to applicant bank account information to verify net income as well as date and amount of rent payments. 3. More complete nationwide criminal background checks 4. Review of uploaded documents such as paystubs and bank statements, down to the pixel level, to identify documents that have been modified. 5. Improved screening workflow to expedite the approval process. 6. Built-in business rules regarding screening criteria that ensure consistent screening procedures which minimizes the risk of Fair Housing violations Below is a press release from a few months ago. DK is very excited that this new round of funding will be used to further improve the rental application process: Findigs, a leading property technology company simplifying rental screening and leasing decisions, in its $27 million Series B financing led by Nyca Partners. Findigs’ all-in-one rental ecosystem is changing renting by addressing the fundamental complexities of rental underwriting, and delivering value back to renters with a fair and simple experience. The company will use the new capital to expand their screening automation service, grow their team and increase platform and data sophistication. In the announcement of the transaction, Findigs CEO and Co-founder Steve Carroll said, “Today, renters wait days for a decision about where they’re going to live because property managers have no choice but to painstakingly review each application. Findigs does the hard work under the surface to enable an immediate, transparent answer. This completely transforms the experience for both sides.”
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🚀 Moving doesn’t have to be overwhelming! In our latest blog, Timothy Gibson, a leasing agent at Marcella Memorial Heights, shares how Updater | Pro Onboarding simplifies the moving process. By streamlining tasks like utility set up, insurance coverage, pet registration and more, Updater frees up the on site teams time to focus on building community and welcoming new residents. 🔑 Key benefits: • Empower Residents: Manage moving tasks at their own pace. • Reduce Stress: Fewer repetitive questions lead to smoother transitions. • Foster Connections: More time for meaningful interactions boosts lease renewals. Curious how Updater can enhance your onboarding? Read the full story! #Updater #Leasing #ResidentExperience #PropertyManagement
Leasing agents at Decron Properties Corp. have more time to focus on residents now that their move-in process is streamlined. 📝 Discover how these small improvements are making a big difference. Learn more here 👉 https://lnkd.in/gZcHSFne #multifamily #propertymanagement #residentexperience #residentengagement #proptech #movein #updater #moveintech #operationalefficiency
The Updater upgrade: A leasing agent’s perspective
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Owner/CEO, Hunter Property Management | Investor | Entrepreneur | People Focused | Follower of Jesus Christ
Did you know that in Springfield, MO, renters comprise around 58% of the population? With leasing season right around the corner, it's time to get fine tuned on Lease Management. https://lnkd.in/gmZFvmuQ #hunterpropertymanagement #leasespringfield #springfieldpropertymanagement #propertymanagement101 #landlordtips #propertymanager
The Best Residential Leasing Management Practices in Springfield
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Did you know that In Springfield, MO, renters comprise around 58% of the population? With leasing season right around the corner, it's time to get fine tuned on Lease Management. https://lnkd.in/g92x9vct #hunterpropertymanagement #leasespringfield #springfieldpropertymanagement #propertymanagement101 #landlordtips #propertymanager
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If you want to get into real estate, there are few hacks that will reward you forever more than starting out as a leasing broker. At the end of the day, income is what drives real estate value. What drives income? Leasing, of course. You will forever understand what it actually takes to lease a vacant space in the real world. Relying on hands-on actual leasing experience beats out the folks relying solely on third-party data. What type of space rents for how much, how long does it take, what are the variables that impact tenant decision-making, what does it cost to build-out a space -- this will help you in your brokerage career, and as a principal down the road. Brokers who lease space are also talking to their clients constantly. You check in with updates, and are talking to them daily when there's a deal on the table. You become a team. You are building real relationships, getting first-hand access to big landlords, from the very start. At that point it's up to you to start asking them questions and learning how they got to where they are, how they raised capital, how they know when to buy what, etc. On the sales lead side, you are the first person to know if the landlord is losing a big tenant, or having problems that may lead to a sale. You talk to that owner more than anyone, and essentially hanging around the hoop for the day they are ready to sell. What a hack. Sure, you are not going to make big money your first couple years doing leasing, but you should get enough small checks here and there to get by. Those checks will keep you in the game while you are learning how to get those bigger checks. Folks want to jump into investment sales or acquisitions right away when they break into the business. Few want to start with the unglamorous leasing. I was too naive to know better when I started, so I focused on the leasing -- knowledge that still comes up every single day, 22 years later. It's the key to our underwriting, and gives us an incredible advantage.
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Experienced Investment Real Estate Agent @ Key Realty | investment income, real estate specialist
How Important is Property Managment in Income Real Estate? Why is property management so important? It is the Oxygen of your continuous income. Basically Property Management can make or break you! Having our own in house property management allows us to only get better at what we do. We have a 99.5% success rate with our real estate. How do we do that? Just today Lori had to meet some tenants to approve a new tenant that is going on an existing lease. Most property managers would just say yes and hope for the best! We want each property to make the maximum amount of income for their property. Avalon Group Realty has been a great success for us and our investors. That does not mean we are not going to get better all the time! Avalon Group Realty does credit and background checks for each new tenant. This creates longer term tenants. Our average tenants stay 24 months or more! That saves our clients thousands of dollars in rehab by tenants staying longer. We also get properties leased under 30 days at top price. That is because we have created our own marketing plan that gets eyes on our clients real estate faster. We move quickly to get potential tenants approved faster. Being in business for a long time also gets our properties pre-leased by great tenants we know and pay rent on time. I have a current property that we have previous tenants moving into one of our properties this weekend. We are just finishing one of our properties and these awesome tenants are moving out of one home because we are selling it. So there are 0 days on this property. Avalon also collects money many different ways with tenants with our modern software system. Keeping real estate making money is all we do.... Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me
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Leasing season (May to September) is a vital time for residential property management, and it’s never too early to prep your team or too late to optimize your processes: rptn.co/jAUApBAiP4t
Your Ultimate Guide to Leasing Season: How to Maximize Occupancy and Efficiency - The Official AppFolio Blog
https://www.appfolio.com/blog
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Very well said. Leases are the key to income property, i.e. investment real estate. You can't properly underwrite, develop, or make reasonable investment decisions if you don't have a fundamental understanding of tenants and leases. This comes from (sometimes gritty) experience, Anna Newton Spiers, MBA and Monty Todd Jr know.
If you want to get into real estate, there are few hacks that will reward you forever more than starting out as a leasing broker. At the end of the day, income is what drives real estate value. What drives income? Leasing, of course. You will forever understand what it actually takes to lease a vacant space in the real world. Relying on hands-on actual leasing experience beats out the folks relying solely on third-party data. What type of space rents for how much, how long does it take, what are the variables that impact tenant decision-making, what does it cost to build-out a space -- this will help you in your brokerage career, and as a principal down the road. Brokers who lease space are also talking to their clients constantly. You check in with updates, and are talking to them daily when there's a deal on the table. You become a team. You are building real relationships, getting first-hand access to big landlords, from the very start. At that point it's up to you to start asking them questions and learning how they got to where they are, how they raised capital, how they know when to buy what, etc. On the sales lead side, you are the first person to know if the landlord is losing a big tenant, or having problems that may lead to a sale. You talk to that owner more than anyone, and essentially hanging around the hoop for the day they are ready to sell. What a hack. Sure, you are not going to make big money your first couple years doing leasing, but you should get enough small checks here and there to get by. Those checks will keep you in the game while you are learning how to get those bigger checks. Folks want to jump into investment sales or acquisitions right away when they break into the business. Few want to start with the unglamorous leasing. I was too naive to know better when I started, so I focused on the leasing -- knowledge that still comes up every single day, 22 years later. It's the key to our underwriting, and gives us an incredible advantage.
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Hands On Real Estate Leader | Innovation and AI | Relationship Oriented | Client Focused | Problem Solver | Detail Oriented | Analytical | Experienced | Business Development | Full Project Cycle
Insightful words from StripMallGuy (and if you’re not following his account yet, you definitely should). Sales and leasing experience holds immense value. I began my journey in this industry as a junior leasing and sales broker, and even today, I continue to draw upon the valuable lessons learned and maintain connections with the relationships I’ve built. However, there’s a significant gap I’ve observed: Many real estate development leaders excel at constructing buildings but lack insight into the sales and leasing aspects of a project. While you can create a state-of-the-art building with cutting-edge technology and sustainability features, neglecting the revenue side of the equation can prove fatal for any project.
If you want to get into real estate, there are few hacks that will reward you forever more than starting out as a leasing broker. At the end of the day, income is what drives real estate value. What drives income? Leasing, of course. You will forever understand what it actually takes to lease a vacant space in the real world. Relying on hands-on actual leasing experience beats out the folks relying solely on third-party data. What type of space rents for how much, how long does it take, what are the variables that impact tenant decision-making, what does it cost to build-out a space -- this will help you in your brokerage career, and as a principal down the road. Brokers who lease space are also talking to their clients constantly. You check in with updates, and are talking to them daily when there's a deal on the table. You become a team. You are building real relationships, getting first-hand access to big landlords, from the very start. At that point it's up to you to start asking them questions and learning how they got to where they are, how they raised capital, how they know when to buy what, etc. On the sales lead side, you are the first person to know if the landlord is losing a big tenant, or having problems that may lead to a sale. You talk to that owner more than anyone, and essentially hanging around the hoop for the day they are ready to sell. What a hack. Sure, you are not going to make big money your first couple years doing leasing, but you should get enough small checks here and there to get by. Those checks will keep you in the game while you are learning how to get those bigger checks. Folks want to jump into investment sales or acquisitions right away when they break into the business. Few want to start with the unglamorous leasing. I was too naive to know better when I started, so I focused on the leasing -- knowledge that still comes up every single day, 22 years later. It's the key to our underwriting, and gives us an incredible advantage.
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Interesting post below re property managers Most of what is said could equally apply to coalface #conveyancers #property #Conveyancing #realestate #solicitors #licensedconveyancers
Experienced in People, Leadership and Operations | Politics Graduate | Technology and Innovation | Real Estate and PRS
My view on leasehold, as someone who used to operate in it as a Property Manager. It’s unfair. Very unfair. Let me explain. Managing Agents, big and small, of all forms all contain huge numbers of individual human beings working to maintain the homes of leaseholders. In my experience they on average work 12 hour days, often 6 or 7 days a week flat out managing portfolios that demand their constant attention. The sheer numbers of leasehold properties (estates, retirement and residential) per local area is enormous. There probably isn’t a town that won’t have at least 3 or 4 leasehold schemes in it. These individuals often endure aggressive customer service situations, and complicated maintenance issues that consume a persons entire day. In the main, property managers or whatever you call them depending on the agent, are on the frontline constantly on the defensive, facing long antisocial hours and explaining business decisions made at high level that they probably don’t agree with. They are on the frontline caught between two great forces: clients and leaseholders. Here are some home truths: Property Managers work very hard. Property Managers individually are not responsible for the management fees and related budget lines in service charges. Property Managers in the main rely on third party contractors costs and quotes for 99% of the services they’re mandated to do. Property Managers work according to the lease, which they had ZERO role in creating. Leases are very complicated legally. Property Managers are exhausted professionally. Property Managers face increased legal, and political scrutiny they didn’t sign up for. Property Managers face tougher scrutiny for health and safety in back of Greenfall adding to the daily bureaucratic demands. No one signs up to be screamed at, physically confronted or have their personal integrity demeaned. … I could go on. I think you all get the point. So when everyone bashes agents, whether rightly or wrongly, please consider the poor soul at the bottom.
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Have you ever wondered why your property manager offers you a 1 year lease? Let’s decode lease lengths a guide for property owners and residents. https://lnkd.in/gb6eivwV #rent #rentals #propertymanager #propertymanagement
Lease Lengths - FBS Property Management
https://fbs-pm.com
Sales and Partnerships at Findigs, Inc.
5moThank you Todd! Appreciate the kind words. We love partnering with you and the whole team at DK.