7 Tips For Managing Rental Properties



Learn how to manage rental properties and the keys to successful rental property management! Buying a good rental investment …

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  1. 00:05 – Effective rental property management requires skill development and commitment.
    01:07 – Focus on professionalism and property quality for successful rental management.
    02:13 – Attracting more tenants increases chances of finding quality renters.
    03:11 – Effective marketing and thorough tenant screening are crucial for rental success.
    04:11 – Understand and comply with fair housing laws in rental management.
    05:17 – A strong lease is crucial for successful property management.
    06:17 – Be firm but fair in managing tenant relationships.
    07:13 – Be firm but fair to avoid costly evictions.

  2. 3 More tips!

    1. Systemize so you are more proactive vs reactive. The stress can be crushing.
    2. Run your run collection with ZERO emotions. This is a business not a hobby
    3. Do not stop verifying handymen or contractor prices. It is not a matter of IF but WHEN they get comfortable and start charging you more.

  3. Hi, I live in clovis california. I have a rental that my son was gonna use for airbnb however, he is not doing that anymore so iam going to rent the house. House is already furnished, should I rent it furnished or will it be better to rent it without any furniture???.
    Without furniture i will rent house for $2200 it's a 1100 home close to fresno state university fully remodel. If is furnished do I rented for more, or is not worth the hassle and if i do what do what do I put in lease in regards of taking care of furniture or if something breaks?? The teacher iam renting house to has two little kids and a dog, I thi k is a pit.
    Also should I include garner in price of yard? I don't trust renters in taking care of yard. I tought my younger son how to do yard so he can probably go do it and make some money??

  4. Pay attention!! Do not take ME in front of a judge with a bunch of lies… When Jaden was living here in your crak house that you are managing you didn't do anything but now because you are dealing with someone outside your nasty circle ect ect … Let's do IT !! Let's see how good of a lier you all are.. then I AM SENDING everyone back southern hemisphere….And greeting most at the DOOR!! HAHA??

  5. Here in Canada I try to only to rent to international students or families working to get PR or have work
    Visas or trying to get citizenship. They take care of the properties and and manage their finances and visas well as they don’t want to risk being deported. I also target refugees as most of them are trying to rebuild their lives from the ground up and will treat the property as if it’s their own home.

  6. I’m trying to put the bug in my ear, so to speak, about initiating a 1st time property to buy & rent.
    I’ve heard about Renters Warehouse to handle screening & to mend any repairs. Is this company a good tool for a new landlord?
    Also, I’m hearing about management software. How does that facilitate your rental operation?
    Thanks for the informative video. You’ve touched upon very important points. In the meantime, I’ll have to check out one of your publications. Thank you! πŸ‘

  7. I just want to know when I hire a property manager to take care of my property how they will get rent collected then get the rent to me or do they or do I or or or

  8. I believe as landlords or property managers, we own the tenant and the community to do the right thing. Taking care of the property is our duty. In low income communities that is lacking tremendously. Sadly is where is needed the most.

  9. Great advice. I've found that working with a tenant is almost like training a dog. But it has worked out (I only have one rental property) with the tenant paying rent on time and on his 3rd year lease. I have bumped up the rent each year by 2% (market rent). He texts me about needed repairs which I take care of.

  10. Dear landlords and real estate investors, to grow your cash flow even more through rental properties, make sure to protect your assets by utilizing background checks to prospect tenants. You don't want your property to get seized by the government IF the tenant you have turned out to be a law violator involved in serious crimes such as drugs and money laundering while they are in your property. If you haven't heard about civil forfeiture, you might want to check it out and consider doing all precautionary measures to prove that the prospects are not involved in any illegal activities.

    Thanks for sharing this, BiggerPockets! Just want to share this unsolicited advice to our newbie landlords and rental property managers. Hope it helps!

  11. Thank you for your consistently great info! Can you please share your thoughts on property management software? Especially DoorLoop, Rentigo, and PropertyMatrix? Would really appreciate your input.

  12. 7 rules rental

    1. It’s a Business, not a hobby. Be professional, be organized. Bookkeeping.
    2. Great property up Front
    3. Attract as many tenants as possible. Craigslist , Zillow, Facebook market etc
    4. Screen for the best! Stable Income, job stability, credit above 600 hundred, positive rental history.
    5. Be mindful. Do research on local laws
    6. Sign a rock solid least! Rules and regulations.
    7. Be firm but fair. Follow the rules and guidelines. For example, being late for rent. Do not let it slide!

  13. Can u talk about what is needed to have a Habitable place to rent. I was thinking of making small rooms like the one behind u or just big enough to fit a A Bed, stove, sink, table, microwave, refrigerator, bathroom & shower. I want to know if there are other things needed like a fire stinguisher, windows, AC/Heater πŸ€”

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