📘 Landlording on Autopilot
- When tenant ask for upgrade
- You pay for material
- They pay for install
- Mention that it's their home and property
- Extend lease
- Call myself property manager
- Tenants
- Inspectors
- Note: fine as long as it's true (e.g. you manage it for your LLC). Licensed investors must also tell tenants in writing that they're licensed and own it.
- Showings
- Have double lock key for easy access if renter calls
- Income 3 times the montly rent
- Favorable rental history
- Favorable credit history
- Name, number, email
- Photo of ID
- Selfie with rental in the background
- Have double lock key for easy access if renter calls
- Applications
- Deposit to hold property. If not approved, returned in 30 days. 85$ processing fee to return early. Otherwise applied to tenancy
- 24 hour to respond rule
- Fudgers
- Full year rent in advance
- Cosigner
- Current address
- Property tax site to find owner
- If LLC
- Got to state's secretary of state website and do a business records search
- Calling up references
- All call recording turned on
- Call
- Start with person's first name
- Ask if they have a house for rent at (current address)
- Employment
- Pay stubs to verify
- Minimum of 2 most recent bank statements for checking
- Cosigner must be in town
- Applicant from out of town
- Current address google maps
- Pets
- What kind of pets do you have
- Ask if they've broken lease, legally allowed to turn down application
- How many evictions have been filed on you
- Do you own real estate?
- Emergency contact including not payment of rent?
- How did you find this home
- Requested move in date - 3/4/5 month down the road
- Extended leases
- March 31st is best day to end lease
- Free rent after 36 consecutive months with no late payments and no rental agreement violations with new 3 year lease
- Long term, below market rent
- Bi weekly payment plan
- Extra month of rent each year
- Acceptance
- Go over lease line by line
- Congradulate on approval
- Utility transfer log information
- Lead based paint pamphlet
- Banned dogs
- Pit bulls
- Rottweilers
- German shepherd
- Husky
- Doberman pinscher
- Chow
- Great dane
- St. bernard
- Akita
- Wolf hybrids
- Banned dogs require a rental insurance policy
- 25 per month + 100$ fee
- Property
- Good toilets save more money in the long run
- Moen kitchen faucets easier to replace
- Bathrooms
- Replace medicine cabinet with 17$ mirror from home depot
- Add 3 or 4 light bar about mirror
- No garbage Disposal
- 100% digital
- 85$ late charge for missed appointments
- Price List for move out
| Item | Charge |
|---|---|
| Deadbolts | 45 |
| Filling out forms fee | 15 |
| Missed work order fee | 85 |
| Late Fee | 10% of rent |
| Daily late fee | 5 per day |
| Diry air filter in sfh | 25 |
| Missing air filter | 35 |
| Code enforcement fines | 125% charge if they get fine that is their fault |
| Cleaning gutters | 35$ per hour |
| Moveout | |
| Rerental charge | 2 months rent |
| Electricity off | 75 |
| Water off | 75 |
| Floor tile | 5 per |
| Cracked windows | 80 |
| Storm door chain | 15 |
| Storm door pneumatic closure | 35 |
| Electric cover plate | 2 |
| Car in yard | 200 |
| Trash piled | 200 |
| Smoke alarm | 25 |
| Air filter | 30 |
| Cleaning windows | 10 |
| Deadbolt locks | 45 |
- Payment plan after move out and still owe money
- A over 8 month
- 16 months
- 35 monthes
- Moveout package of pdfs. Send at notice and a week before move out
- Notice of receipt to vacate and synopsis of what to expect + referral fee
- Moveout instructions
- Price list of most frequently charged items
- 4 question survey
- Marketing
- Referrals are best
- Business cards
- Website
- yardsigns