Comments on: 12 Things That You’re Not Doing For Your Rental But Should Be

By: Ashlee in Fort Worth

Ashlee in Fort Worth — Sun, 07 Feb 2010 04:31:42 +0000

Great article. Some people think that property management is the easiest thing in the world. Boy are they wrong. I have been doing it 7 years and love it. The hardest part of property managment is actually sticking to the lease. It can be hard at times to get all those late fees and such but it has to be done!

By: Doug

Doug — Fri, 10 Apr 2009 14:58:12 +0000

Thanks for the great article Aaron. I’m just buying my second SFR rental here in California and all the advice you gave is probably everything that I wouldn’t have done. It seems there really is no excuse for us newbies to fail with all of the free and good advice that’s out there. Thanks again! P.S. Found you on biggerpockets.com

By: Aaron Catt

Aaron Catt — Sat, 14 Mar 2009 04:29:17 +0000

Thanks Sean!

My first recommendation for getting new contracts would be to market your own sphere of influence; they are the ones who want to see you succeed. Secondly, I would market to local real estate agencies in your areas. You can tell them that you are a ‘Plan B’ for homes that wont sell. Just be careful though, you don’t want to get mixed up with owners who are distressed or are close to ruin. Lastly, I would focus on homes close to where you live and get your title company to give you a list of ‘non-owner occupied’ homes in your area.

I hope that give you a good start and if you have any ideas yourself, I’d be glad to hear them!

Aaron

By: Sean Kobos

Sean Kobos — Sat, 14 Mar 2009 01:09:03 +0000

What a Great Article. I just started my own property management company in Myrtle Beach, SC. Do you have any suggestions on getting more management contracts?

any advice would be appreciated.

By: Aaron Catt

Aaron Catt — Tue, 10 Feb 2009 15:26:38 +0000

At first, people were put off, but I quickly explain that I am not going to drive across town for someone who isn’t qualified and that it’s just part of our process.

I have a rental website that has a quick/short application that they can fill out online and it sends it to my pda and email.

This does a couple of nice things for us:

1. It shows who’s motivated to get into the home and weeds out the tire kickers.

2. It saves me from making unnecessary trips across town.

3. It screens out people to lazy or competent to do it. I get this application sent to me from people who don’t even have a home computer. They find a way to do it and those are the folks we like to talk to.

4. It also works as a lead capture tool where I get their email and phone so that I can call back if I have another property that works for them.