25 Burst results for "property manager"

041 - Investing In Rental Properties

Live Blissed Out

16:44 min | 2 months ago

041 - Investing In Rental Properties

"This is episode forty one on the list our podcast did you know that historically in the United States? A red door signified that a homeless, a safe place for travelers to stop and rest. He people would paint their doors. Read to communicate that they are welcoming. It is a sign of inclusion and signifies that they value community. Hello action takers welcome to live blissed out a podcast where I have authentic conversations with business owners and subject matter experts to help us get the scoop, the four, one one, and the low down on a variety of topics, tired of hesitating or making decisions without having the big picture WanNa be in the know then. This is the place to go I'm your host Mersa Houston helping achieve bliss through awareness and action. Thanks for joining me the information opinions and recommendations presented in this podcast are for general information. Information only and any reliance on the information provided in this podcast is done at your own risk. This podcast should not be considered professional advice. Sending a coffee Mug shot. Shout out to Peggy L. IN CENTENNIAL COLORADO. Thanks for filling my Coffee Cup Peggy and being such a cool being. If you'd like to help, keep me fueled head over delivery style, dot com, and click on the caffeinate Matab to give me a boost and redeem your bonus as a thank you for supporting the show joining me is. The Mozart of real estate at the Denver one hundred whether you're buying your dream home or selling one. Tim makes it happen. Tim, we'll orchestrate the buying and selling of your real estate with is finally to knowledge of relevant market trends, maximizing Internet and online state of the art, high traffic exposure expertise in negotiating skills attention to every detail with trusting confidence, resulting top dollar for his. His clients. If you're investing in residential real estate, he can make your profits. or Tim serves as the President of the board of directors for the Sensory Processing Disorder Foundation and chair of the Grievance Committee for the Aurora Association of Realtors. He is a twenty year member of the Littleton Symphony and is dedicated twenty years of life in the Colorado Army National Guard. Tim gives back. Back tastes community clients and service providers to learn more visit Tim Hoi men Dot Com, searching for a minimal versatile handheld Tripod look no further switch pod works with any camera from a phone to a DSL LAR and simplifies video. Making switch pod is lightweight compact in nearly indestructible. It will save you time between shots, so you can focus more on shooting and less on messing with. With your gear just head over to the partners tab at liberalist out dot com and click on the switchboard link to let them know. I sent you and help support the show. Hey, Tim, it's great to have you on the show today. Well, thanks for having me really appreciate it Marissa well. I'm looking forward to talking to you about rental properties. There are many reasons why. Why people want to purchase a home as we all know, people buy homes because they plan on living in them, or perhaps they're moving to a different location, and they need to get a home, or they're up sizing downsizing. There's many reasons, but in particular we're going to be going through the process of how to consider using property for either investment or current income, so like to. To start by asking you. What are some of the considerations that somebody should have if they were to decide to buy a rental property in terms of the purpose whether they want to use it long term, or as a way to increase their income on a monthly basis, I'm a big proponent of long term planning and long term thinking so really. There are strategies that I. I look at when a person is thinking about going into the landlord business. I is understanding that you are buying future income, so you are sacrificing a little bit now for the future, secondly is appreciation. The way houses appreciate in price is a bonus. I don't really consider that a primary factor but man. It's really good if you look at the history of owning houses third you. You. WanNa buy quality or break, even cash flow properties, so the cash flow at the beginning isn't so important, because the goal is that you own rental properties free and clear me no mortgage. That's where the magic is with owning investment properties speaking of that then how do we get to that point? So? Of course we're going to be talking about money and how the money? Money is going to be invested and there many ways to approach that we can put a minimum down payment and get a mortgage. We can put a larger down payment. We could probably cut the amount of payments that we put in so that we can own the home faster, or we can even pay in cash if we have it. So what are some of the options there? There and the pros and cons because I'm sure there are benefits to certain decisions, and I'd like to get a better understanding as to what we should be thinking about when we're thinking about making the investment while the first call would be to your realtor who is knowledgeable on rental properties and how that works, and typically your realtor really needs to own rental properties themselves so. So they have a better understanding of that. Really it's also up to the lender that you talk to to get that down typically, if you're buying and investment property, which means, you would not be living in it. You do have to put about twenty five percent down. That's a really good number to have. It gets you the better interest rate in it eliminates mortgage insurance which all. All has to do with cash flow another methodology of doing it though is if you're younger and you don't mind moving a few times, you can buy a property with the mindset that I'm going to turn this into a rental property and you can do that a few times over I recommend that people stay for at least two years in the House that they have gone. Gone cash is always king. You'll end up getting a better price on the house and the cash flow is immediate, but you wanna look and see what is the best fit for you based upon the cash flow, and what's called Roi, which is return on investment? Basically what percentage rate you're getting on the money you put in? We come across a lot of realtors in every realtor. Realtor as far as I'm aware, at least they specialize in different things. So how do I know what to ask in? How do I look for realtor? That has a really good knowledge specifically, when it comes to investing in real estate for some sort of rental income, there's questions you can ask real estate agents to Kinda Fair it out if they know about mental properties one. One is tell me what the ROI would be on rental properties if they don't know what that means, that's probably a good sign me, not WanNa. Use Them. I would ask them how many rental properties they own, and how many rental properties have they helped? Clients by those are the types of questions that you can ask also another great way of finding out who the good realtors. Realtors czar is cost some of the property management companies around and ask them. Who would you recommend I'm looking at buying rental properties? What real estate agents would you recommend that I use? That's a really good tip. Actually because they come across realtors that really specialize in this area, and so they'd be able to direct people to the right realtor that has experience in that area. Speaking of property management companies then when we're considering a property for this purpose, they're obviously different property types that we need to be thinking about. For example we want a duplex. Do we want the Condo a patio home single family home? Do we want to be in an area that has an Hoa or not, because there are definite advantages, and maybe disadvantages to those decisions based on our ultimate objective. So how do we decipher what the property type is that we should consider? That's something that our realtor could help us. Think about yes, absolutely and really the way you. You look at it is a term called risk versus reward. If you're willing to take more risk, the rewards are greater so for example when you're dealing with a town home or a condo. You don't have to take care of the outside. That's typically covered in the homeowners association dues not always, but usually. If you're risk averse to having to pay for things like roofs, exterior paint, also landscaping that can be very expensive. You may be better off going to a town home or a condo. The return is going to be a little bit less though the Roi will. will be a smaller percentage. That's really how you look at it. It all up to the individual how they WANNA do it. The same applies with property management. If you want a property manager to help you, there's no real standard rate typically somewhere between seven to ten percent of the monthly income that you received so that's going to take away from your our ally, but that means you manage it yourself, and they're certainly risks and rewards to that as well so it all depends on the individual, and what type of risk. They're willing to take getting into that then. Then in terms of managing yourself. I think that one of the things that people get concerned about is that they don't know enough about how to so. For example we have laws to consider we have to find the right tenants that we know are going to appreciate being in the home and taking care of the home end being their long-term. If that's what we're looking for, and then there's maintenance issues to consider as well as general expenses that sometimes we don't even think about front, so not sense. How do we go about learning about how we should handle? Handle it if we decide that we would like to do it ourselves. Versus hiring a professional are certainly books out there that you can read one that I read was called landlord. It's a really good book. The other way is your real estate agent should be able to help you navigate some of these things as well go online. Go to YouTube. You can do videos. There's plenty of information out there about how to do it yourself. If you're doing landlord, but certainly your real estate agent, they're knowledgeable in the investing side of things should be able to guide you. You and help you get started with that I've done that many times, so in other words do your research right I mean. There's a lot of tools and resources. Now that we have access to that. We never had before and that way. If we can gather as much information, upfront as possible will be more prepared. Absolutely real estate attorneys are real good resources well, they can do lease agreements for you. They can do. LLC's all sorts of things like that to help you. Protect yourself and have a good experience having rental properties. How do we know when it's? It's the right time. The values of properties increase and decrease in things fluctuate, and sometimes you're thinking to yourself. Oh, it might be a good time to invest. Because property values are higher now, and in some cases you're thinking. No, actually it's better to wait until they get lower. And of course we don't know we don't know when things are going to go up and down. They change a lot. So how do we know when we should start thinking about this? If this is an avenue that we want to pursue in the future well first of all I, think. Think, we can all say that it doesn't matter if it's nineteen. Hundred or twenty twenty real estate feels like it's always too expensive. I said that back in the eighties when I bought my first patio home at forty thousand dollars I thought that was ridiculous and boy. I wish I had thirty of those now, so there are things that we can look at and that are localized. The local market is what's important. The Denver Market for example since one thousand, nine, hundred, seventy seven. We've had an annual appreciation on real estate six point one percent even with the. But, there are indicators that I watch for from a localized methodology. The first one is employment, so if the employment numbers are going up now. I'm not talking about unemployment I'm talking about how many new jobs have been added to the market. If it's going up, that's a really good sign once it starts going down. That means it's going to be about twelve to eighteen months and real estate prices are going to start going down. That's typically what happened. Not always supply and demand is second, the greater the supply, the last demand, the lesser appreciation we have in houses, and that also affects rental rates and thirties affordability. How affordable! Affordable is the area that you're looking at. Those are the three things that I focused on when I look at. Is it a good time to buy or not? For the last five years up until last year, I was telling people. It's not a good time to buy. Because pricing was just not there. It's starting to now. We're starting to see home starting to cash flow, and that's the other thing that we look at so hope that answers your question in a nutshell, it definitely does him. This might not be the right fit for certain people, and so what I'd like to get a sense of is what does it. It typically look like to be a land owner to be somebody who's renting out property. What are some expectations that you need to have to determine whether or not? This is the right approach something that you should be thinking about for yourself well. There's a couple of things one of the things that I do sit down with people and talk about is how much extra money at retirement you want, and that helps me and where they're at as far as do. They want to be a landlord or not. Is there risk? Yes, you have to be able to not take personally when somebody would burger up your place and it's. It's probably going to happen. You do have to set money aside for repairs. You also have to look at things long. If you're not looking at it long term and have the discipline to look at it long term, this may not be the right fit for you. Everybody's heard of fixing flips. I typically don't like doing that, but in this case you WANNA, hold pay it off as quickly as possible so that your properties are free and clear and understand that you may have to go in and do some repair work, and if you're not comfortable doing that, it's probably not right for you, but if you have a long-term. long-term mindset and attitude, it's a great way to have additional income when you're retired. Coming in every single month, bats the goal, so in other words you need to understand what is required of you and how that's going to look in terms of how you're going to participate in the process, and if you don't feel it, something that you can do yourself, or at least be a part of an are not even interested in doing it then, perhaps, it's not a right fit, but if you feel like you're excited about it, and it's something you really want to be involved in this. Be something to consider not being involved with. With it, you can't have property management do that and that's perfectly fine. The real question is are you willing to look at this long term? Are you willing to make a little bit of sacrifice now for later? That's a really good tipped him. If people wanted to get a hold of you and ask you about more information regarding this, how do they reach you? There's a couple of different ways you can reach me by phone by number is three, zero, three, six, six, nine, two, six, seven six. You can email me at T -pointment H., Y. M. N. at Diene one hundred dot com. I'm more than happy to answer. Answer any questions that you would have. No obligation won't sign you up for anything and on a monthly basis on the third Thursday of the month. If you do live in Denver, I have a meeting and we talk about how to be a landlord, and what issues there are, and what is the name of this group that you have on a monthly basis, Tim? It's called my wake up money team and the wake up money stands for if you wake up in the morning and you have this income coming in. Would it feel good? And of course the answer is yeah. It's great to know that people have more resources. Resources and information so that they can make the best decisions for themselves. Thank you so much. Tim I really appreciate all his invaluable information. You shared with us today. It was really great having you on the show. Well, it's my pleasure. Thank you so much. Marissa. That's all for this episode of Live blissed out. Thanks for listening and thanks to Tim. Hoi Men for being my guest. If you find value in our show, please visit live blissed out dot com to reach out, subscribe and share on social media. This show is made possible through listeners like you. Thank you so long for now and remember to keep moving forward.

Tim Hoi Wanna United States Peggy L. Denver Colorado Caffeinate Matab Mersa Houston Sensory Processing Disorder Fo Property Manager Colorado Army National Guard Littleton Symphony Marissa Youtube
041 - Investing In Rental Properties

Live Blissed Out

16:44 min | 2 months ago

041 - Investing In Rental Properties

"This is episode forty one on the list our podcast did you know that historically in the United States? A red door signified that a homeless, a safe place for travelers to stop and rest. He people would paint their doors. Read to communicate that they are welcoming. It is a sign of inclusion and signifies that they value community. Hello action takers welcome to live blissed out a podcast where I have authentic conversations with business owners and subject matter experts to help us get the scoop, the four, one one, and the low down on a variety of topics, tired of hesitating or making decisions without having the big picture WanNa be in the know then. This is the place to go I'm your host Mersa Houston helping achieve bliss through awareness and action. Thanks for joining me the information opinions and recommendations presented in this podcast are for general information. Information only and any reliance on the information provided in this podcast is done at your own risk. This podcast should not be considered professional advice. Sending a coffee Mug shot. Shout out to Peggy L. IN CENTENNIAL COLORADO. Thanks for filling my Coffee Cup Peggy and being such a cool being. If you'd like to help, keep me fueled head over delivery style, dot com, and click on the caffeinate Matab to give me a boost and redeem your bonus as a thank you for supporting the show joining me is. The Mozart of real estate at the Denver one hundred whether you're buying your dream home or selling one. Tim makes it happen. Tim, we'll orchestrate the buying and selling of your real estate with is finally to knowledge of relevant market trends, maximizing Internet and online state of the art, high traffic exposure expertise in negotiating skills attention to every detail with trusting confidence, resulting top dollar for his. His clients. If you're investing in residential real estate, he can make your profits. or Tim serves as the President of the board of directors for the Sensory Processing Disorder Foundation and chair of the Grievance Committee for the Aurora Association of Realtors. He is a twenty year member of the Littleton Symphony and is dedicated twenty years of life in the Colorado Army National Guard. Tim gives back. Back tastes community clients and service providers to learn more visit Tim Hoi men Dot Com, searching for a minimal versatile handheld Tripod look no further switch pod works with any camera from a phone to a DSL LAR and simplifies video. Making switch pod is lightweight compact in nearly indestructible. It will save you time between shots, so you can focus more on shooting and less on messing with. With your gear just head over to the partners tab at liberalist out dot com and click on the switchboard link to let them know. I sent you and help support the show. Hey, Tim, it's great to have you on the show today. Well, thanks for having me really appreciate it Marissa well. I'm looking forward to talking to you about rental properties. There are many reasons why. Why people want to purchase a home as we all know, people buy homes because they plan on living in them, or perhaps they're moving to a different location, and they need to get a home, or they're up sizing downsizing. There's many reasons, but in particular we're going to be going through the process of how to consider using property for either investment or current income, so like to. To start by asking you. What are some of the considerations that somebody should have if they were to decide to buy a rental property in terms of the purpose whether they want to use it long term, or as a way to increase their income on a monthly basis, I'm a big proponent of long term planning and long term thinking so really. There are strategies that I. I look at when a person is thinking about going into the landlord business. I is understanding that you are buying future income, so you are sacrificing a little bit now for the future, secondly is appreciation. The way houses appreciate in price is a bonus. I don't really consider that a primary factor but man. It's really good if you look at the history of owning houses third you. You. WanNa buy quality or break, even cash flow properties, so the cash flow at the beginning isn't so important, because the goal is that you own rental properties free and clear me no mortgage. That's where the magic is with owning investment properties speaking of that then how do we get to that point? So? Of course we're going to be talking about money and how the money? Money is going to be invested and there many ways to approach that we can put a minimum down payment and get a mortgage. We can put a larger down payment. We could probably cut the amount of payments that we put in so that we can own the home faster, or we can even pay in cash if we have it. So what are some of the options there? There and the pros and cons because I'm sure there are benefits to certain decisions, and I'd like to get a better understanding as to what we should be thinking about when we're thinking about making the investment while the first call would be to your realtor who is knowledgeable on rental properties and how that works, and typically your realtor really needs to own rental properties themselves so. So they have a better understanding of that. Really it's also up to the lender that you talk to to get that down typically, if you're buying and investment property, which means, you would not be living in it. You do have to put about twenty five percent down. That's a really good number to have. It gets you the better interest rate in it eliminates mortgage insurance which all. All has to do with cash flow another methodology of doing it though is if you're younger and you don't mind moving a few times, you can buy a property with the mindset that I'm going to turn this into a rental property and you can do that a few times over I recommend that people stay for at least two years in the House that they have gone. Gone cash is always king. You'll end up getting a better price on the house and the cash flow is immediate, but you wanna look and see what is the best fit for you based upon the cash flow, and what's called Roi, which is return on investment? Basically what percentage rate you're getting on the money you put in? We come across a lot of realtors in every realtor. Realtor as far as I'm aware, at least they specialize in different things. So how do I know what to ask in? How do I look for realtor? That has a really good knowledge specifically, when it comes to investing in real estate for some sort of rental income, there's questions you can ask real estate agents to Kinda Fair it out if they know about mental properties one. One is tell me what the ROI would be on rental properties if they don't know what that means, that's probably a good sign me, not WanNa. Use Them. I would ask them how many rental properties they own, and how many rental properties have they helped? Clients by those are the types of questions that you can ask also another great way of finding out who the good realtors. Realtors czar is cost some of the property management companies around and ask them. Who would you recommend I'm looking at buying rental properties? What real estate agents would you recommend that I use? That's a really good tip. Actually because they come across realtors that really specialize in this area, and so they'd be able to direct people to the right realtor that has experience in that area. Speaking of property management companies then when we're considering a property for this purpose, they're obviously different property types that we need to be thinking about. For example we want a duplex. Do we want the Condo a patio home single family home? Do we want to be in an area that has an Hoa or not, because there are definite advantages, and maybe disadvantages to those decisions based on our ultimate objective. So how do we decipher what the property type is that we should consider? That's something that our realtor could help us. Think about yes, absolutely and really the way you. You look at it is a term called risk versus reward. If you're willing to take more risk, the rewards are greater so for example when you're dealing with a town home or a condo. You don't have to take care of the outside. That's typically covered in the homeowners association dues not always, but usually. If you're risk averse to having to pay for things like roofs, exterior paint, also landscaping that can be very expensive. You may be better off going to a town home or a condo. The return is going to be a little bit less though the Roi will. will be a smaller percentage. That's really how you look at it. It all up to the individual how they WANNA do it. The same applies with property management. If you want a property manager to help you, there's no real standard rate typically somewhere between seven to ten percent of the monthly income that you received so that's going to take away from your our ally, but that means you manage it yourself, and they're certainly risks and rewards to that as well so it all depends on the individual, and what type of risk. They're willing to take getting into that then. Then in terms of managing yourself. I think that one of the things that people get concerned about is that they don't know enough about how to so. For example we have laws to consider we have to find the right tenants that we know are going to appreciate being in the home and taking care of the home end being their long-term. If that's what we're looking for, and then there's maintenance issues to consider as well as general expenses that sometimes we don't even think about front, so not sense. How do we go about learning about how we should handle? Handle it if we decide that we would like to do it ourselves. Versus hiring a professional are certainly books out there that you can read one that I read was called landlord. It's a really good book. The other way is your real estate agent should be able to help you navigate some of these things as well go online. Go to YouTube. You can do videos. There's plenty of information out there about how to do it yourself. If you're doing landlord, but certainly your real estate agent, they're knowledgeable in the investing side of things should be able to guide you. You and help you get started with that I've done that many times, so in other words do your research right I mean. There's a lot of tools and resources. Now that we have access to that. We never had before and that way. If we can gather as much information, upfront as possible will be more prepared. Absolutely real estate attorneys are real good resources well, they can do lease agreements for you. They can do. LLC's all sorts of things like that to help you. Protect yourself and have a good experience having rental properties. How do we know when it's? It's the right time. The values of properties increase and decrease in things fluctuate, and sometimes you're thinking to yourself. Oh, it might be a good time to invest. Because property values are higher now, and in some cases you're thinking. No, actually it's better to wait until they get lower. And of course we don't know we don't know when things are going to go up and down. They change a lot. So how do we know when we should start thinking about this? If this is an avenue that we want to pursue in the future well first of all I, think. Think, we can all say that it doesn't matter if it's nineteen. Hundred or twenty twenty real estate feels like it's always too expensive. I said that back in the eighties when I bought my first patio home at forty thousand dollars I thought that was ridiculous and boy. I wish I had thirty of those now, so there are things that we can look at and that are localized. The local market is what's important. The Denver Market for example since one thousand, nine, hundred, seventy seven. We've had an annual appreciation on real estate six point one percent even with the. But, there are indicators that I watch for from a localized methodology. The first one is employment, so if the employment numbers are going up now. I'm not talking about unemployment I'm talking about how many new jobs have been added to the market. If it's going up, that's a really good sign once it starts going down. That means it's going to be about twelve to eighteen months and real estate prices are going to start going down. That's typically what happened. Not always supply and demand is second, the greater the supply, the last demand, the lesser appreciation we have in houses, and that also affects rental rates and thirties affordability. How affordable! Affordable is the area that you're looking at. Those are the three things that I focused on when I look at. Is it a good time to buy or not? For the last five years up until last year, I was telling people. It's not a good time to buy. Because pricing was just not there. It's starting to now. We're starting to see home starting to cash flow, and that's the other thing that we look at so hope that answers your question in a nutshell, it definitely does him. This might not be the right fit for certain people, and so what I'd like to get a sense of is what does it. It typically look like to be a land owner to be somebody who's renting out property. What are some expectations that you need to have to determine whether or not? This is the right approach something that you should be thinking about for yourself well. There's a couple of things one of the things that I do sit down with people and talk about is how much extra money at retirement you want, and that helps me and where they're at as far as do. They want to be a landlord or not. Is there risk? Yes, you have to be able to not take personally when somebody would burger up your place and it's. It's probably going to happen. You do have to set money aside for repairs. You also have to look at things long. If you're not looking at it long term and have the discipline to look at it long term, this may not be the right fit for you. Everybody's heard of fixing flips. I typically don't like doing that, but in this case you WANNA, hold pay it off as quickly as possible so that your properties are free and clear and understand that you may have to go in and do some repair work, and if you're not comfortable doing that, it's probably not right for you, but if you have a long-term. long-term mindset and attitude, it's a great way to have additional income when you're retired. Coming in every single month, bats the goal, so in other words you need to understand what is required of you and how that's going to look in terms of how you're going to participate in the process, and if you don't feel it, something that you can do yourself, or at least be a part of an are not even interested in doing it then, perhaps, it's not a right fit, but if you feel like you're excited about it, and it's something you really want to be involved in this. Be something to consider not being involved with. With it, you can't have property management do that and that's perfectly fine. The real question is are you willing to look at this long term? Are you willing to make a little bit of sacrifice now for later? That's a really good tipped him. If people wanted to get a hold of you and ask you about more information regarding this, how do they reach you? There's a couple of different ways you can reach me by phone by number is three, zero, three, six, six, nine, two, six, seven six. You can email me at T -pointment H., Y. M. N. at Diene one hundred dot com. I'm more than happy to answer. Answer any questions that you would have. No obligation won't sign you up for anything and on a monthly basis on the third Thursday of the month. If you do live in Denver, I have a meeting and we talk about how to be a landlord, and what issues there are, and what is the name of this group that you have on a monthly basis, Tim? It's called my wake up money team and the wake up money stands for if you wake up in the morning and you have this income coming in. Would it feel good? And of course the answer is yeah. It's great to know that people have more resources. Resources and information so that they can make the best decisions for themselves. Thank you so much. Tim I really appreciate all his invaluable information. You shared with us today. It was really great having you on the show. Well, it's my pleasure. Thank you so much. Marissa. That's all for this episode of Live blissed out. Thanks for listening and thanks to Tim. Hoi Men for being my guest. If you find value in our show, please visit live blissed out dot com to reach out, subscribe and share on social media. This show is made possible through listeners like you. Thank you so long for now and remember to keep moving forward.

Tim Hoi Wanna United States Peggy L. Denver Colorado Caffeinate Matab Mersa Houston Sensory Processing Disorder Fo Property Manager Colorado Army National Guard Littleton Symphony Marissa Youtube
China has loosened Coronavirus lockdowns, here's how they're contact tracing

Weekend Edition Saturday

03:54 min | 3 months ago

China has loosened Coronavirus lockdowns, here's how they're contact tracing

"China is lifting some lockdown measures it put in place three months ago to try to stop the spread of covert nineteen but it has not relaxed its controls and surveillance over movement and pairs Beijing correspondent Emily fanning reports on the measures that China is using to track where its residents including her travel many streets in one the Chinese city with a corona virus pandemic first emerged I still barricaded with plastic and corrugated metal blockades and now there's something new pasted on these blockades posters with Q. R. codes it's on the internet SO when I step into this grocery store to buy water for example the store owner it won't let me in until I scanned a code that tracks which public spaces I've been to recently I go thirsty because the codes don't work yet for those without a Chinese ID on top of scanning QR codes everyone in China has colored health codes on their smartphones it's a health certificate one meter distance in line and show your health codes players allowed speaker apple hands main train station to leave behind and get back to Beijing I show my code which uses an ID or passport number to track recent travel or medical visits green coat you're okay to go red health code sorry but no travel this digital contact tracing nears more extensive methods other Asian countries have adopted in Singapore residents are encouraged to download an app that uses location data to roughly trace contact with the sick person in Hong Kong those quarantine you're given a geo fenced wristband paired with a tracking app China has actually not been doing digital contact racing as aggressively as a few other east Asian countries Mason's son as a PhD student at the Massachusetts institute of technology where she's on MIT's work at the future task force each city or province she says commissioned its own version of this rudimentary digital contact tracing system so there are now some two hundred overlapping apps and a son explains no one knows how the apps work really there does seem to be a lot of algorithmic black box when it comes to you know how exactly is month health status determined and because there are so many different apps the data is also localized for example I traveled from Wakanda Shanghai to Beijing because I live there I filled out a Beijing contact tracing app with my travel history and personal information but I then got multiple calls from multiple local government bodies asking about my travel none of them appear to have told the others about my trip or had access to my complete records so the patch work kind of pattern you've seen I think is in part explained by the fact that the problem solving started at the city level because each city had to manage its own population as a result much of China's tracing methods are far more low tech the brunt of monitoring try Abell falls on neighborhood committees sort of like government sanctioned homeowners associations who in times of emergencies are given extraordinary powers in this case the power to enforce quarantines thank hours after I get back to my apartment in Beijing my neighborhood committee since two employees to install an electronic sensor that alerts them every time I open my front door if I open the door to get groceries or to throw out trash the verify with my property managers that that's indeed what I did in my health code is switch from a healthy green to a flashing yellow meaning I should quarantine myself at home well we offer in our careers if you will we strongly recommend that you do not leave in the next fourteen days if you do there will be consequences the neighborhood committee warns me then the door swings shut I'll be seeing you in two weeks

China
"property manager" Discussed on Scale The Podcast

Scale The Podcast

08:37 min | 6 months ago

"property manager" Discussed on Scale The Podcast

"Again. It's going back to the same thing I really learned. The first go around is we need to make sure that all our systems and tools are actually recorded up to date so that when they come on board they can access everything they have. All the tools needed to be successful. And it's just it's that small little key that makes the big difference is just making sure all your systems all your scripts. All the information is available and up-to-date. That's right you guys because the second person is really a phone person who is kind of you know taking calls when somebody's interested in leasing property. So you had to actually teach them a little bit of sales a little bit of scripting. Let's talk. Yeah how did that work? What did you do in that scenario? So again it came down to them just Watching our screen at listening to us as we speak on the phone and it's a little bit different since they don't actually get to see the property they can photo wise but they don't actually get the physical properties but listening to our our US. Speak to these prospects coming in and them just knowing all amenities that can find online now Really did how okay. So that's a good question. Okay so I'm a real estate broker. I did a bunch of real estate stuff back in the day and one of the things that we had to do was teach our virtual assistance the different ZIP codes in the different areas and then also the property features so one thing that we did is we literally got a phone book ripped out the back in the back it had all the ZIP codes and like different areas. And and then they could just simply google. What's it like over in the East Sacramento area? Were in Sacramento California. And so they could find the top. You know things in that area how. How have you overcome like? They've never seen the property. They don't know you know whether it has a pool or doesn't have a pool a backyard. Or you know like how did you get over that Hump? Yeah and so. That's where it comes down to as these are unlicensed assistance. They are Veasley going off of what we're telling them and that's where incident. We basically had improve our system What all amenities are there More photos describable property is just getting more detail so that they can actually just look at our our notes system and just just repeat kind of what. What's there sometimes? It doesn't have a backyard in right there in the notes in Fono Yup fenced backyard. We allow pets. And they're done so it caused you guys to basically up the game when it came to details of the properties that you manage which probably changed everything in your system from when you first onboard new property to when you tell somebody it's available for for lease I mean before we probably getting phone calls from people asking about I. Did this have a fenced backyard out? Good enough photos or not enough photos or miss that you wouldn't know and so that really challenged us to art. We need to provide all that information and just make sure that everything's there which in turn helps our virtual assistance and also helps our marketing as well right. What's interesting too is your in that space. Where every scaling business? There's this like this small tribe of people that have everything wrapped in their brain. And then you add somebody new and you're like oh I've got a document. Everything has that hasn't been painful for. Your internal team has absolately. We're still battling that today. We're finding new processes that we thought we had documented properly or everything there and we don't and so It's just it's challenging us to become better in using documents of moving forward as we bring on more people. It's going to be a lot easier. What's that like for you as a leader? You have twelve folks that report to you and I wonder if sometimes they give you a little pushback for documenting. They're like I don't have time for that or now. You're asked me to do one more thing like however have you bridged that gap with your direct reports like me challenging. What I like to do and what I have done is when an issue occurs from lack of documentation like to call a meeting around that and just start them from the beginning all right. This is what happened and this is where we're at and show them where the lack of documentation has caused that gap and just kind of opens author is a little bit or where they can actually see why it's important and issues on it causes okay. So it's just a full transparency. Your Alita likes include others and you pull them together and you say hey. This is what happened and this is why. I think we need to shift what we're doing. And how have they responded to that to that approach once they actually see What causes and what they can do to prevent that then they're onboard and saw spinning a little bit more extra time with him. Sean. Why what? It's so interesting because that is leadership is just spinning the time to communicate. Have them understand the why behind what they're doing and then get everybody on the same page and then move forward and improve your processes that it? That's pure leadership. Did it come natural to you? Do they come on? No not at all you just you just figuring out as you go. Yeah it's trial and error right you try to love it. I love it Okay so what? What advice would you give to? Property meanders thinking about virtual assistance. We talked before the show and I said Hey. Property Management hasn't yet as an industry wrap wrap their brain around virtual assistant. So what advice would you give somebody? Who's considering this to help them? Grow and scale their property management practice. So I just take a look at Your Business and see where you need the leverage Don't need you know a live person in your office. The may be answered phones or do work workers you can monitor sat out a with virtual professional Which in turn will give you more time to get out there in the field check needs properly showing these properties in a league style. And so just look at where you can leverage your business where you don't need an actual physical body right and then go that route Usually that's phone calls a lot of phone calls actually and you're going to help with that. Maybe it's data entry as well including new information new properties. Updating your your database. Yeah they can also help lead generate making some phone calls mulling with leads and so just if it's basically done online you have a cloud. Everything saved online. That's where you can really leverage with a virtual professional. I love it. I love it. And what is the benefit to you guys as a company and you know I haven't prepaid. We didn't talk about this before. But what do you see the value to your company of working with virtual professionals so value for us. What we're getting right now is. We're getting more phone calls answered when we get more phone calls answered that's more properties that releasing or actually leasing properties out faster and more throughout the month and so that that that's a big benefit to us Work Mission based in so. That's how we get paid and so it's super critical that we get these properties leased. Yeah you're like let's get these things done right absolutely. I love it man all right window. It's been awesome. Thank you so much for your time. I really appreciate you sharing all this and I know you're a pioneer in the industry. You're obviously a great leader and I just want to appreciate on you for sharing today. I appreciate you taking the time to speak with me today. All right man have a great day. You too thanks..

US Property Management Sacramento Fono Yup East Sacramento google virtual assistant California Veasley Sean
Tornado strikes Oregon coast, minor damage reported

Morning News with Manda Factor and Gregg Hersholt

00:29 sec | 7 months ago

Tornado strikes Oregon coast, minor damage reported

"The tornado threat in Grays harbor county ended last night but some homeowners along the Oregon coast are cleaning up after a rare tornado touched down the National Weather Service confirmed it was an EF zero that caused minor damage to to homes and manzanita Amy Van **** is the property manager of the view house and says tables and chairs were blown in from another property this is the second tornado there in manzanita since twenty sixteen it seems very very strange but it's obviously a thing that happens here fortunately no one

Grays Harbor County National Weather Service Property Manager Manzanita Oregon Amy Van
Khaled Hussein From Red Door on Trusting the Network

Wall Street Oasis

10:53 min | 1 year ago

Khaled Hussein From Red Door on Trusting the Network

"Is moving up a podcast about secrets to success struggles along the way and life in general today in the pod. Keeler that who seem the CEO and founder of red door. I know Keel it because before his real estate start up now which don't worry we talk all about he was the CO founder of Tilt Hilt which you probably hear me talk about all the time and we also had on the podcasts co-founder of Tilt James Shara a month or so ago so that's how we got connected but that's really just the beginning of it. Here's a cool story about meeting with other motivated and interesting people that you make a connection with after after that really anything can happen Keila. He's one of the nicest and most genuine people I've ever had on the POD. You can tell right away that he cares about others and hand from my experience. He's been really helpful to both Jason. Me On the pay club journey also when Kayla was thinking about starting his own podcast. Who Do you think you chatted with the moral here is that yes it helps to have skills that other people value but more importantly how crucial it is to Gal in the world meet people and build relationships nagging just for the sake of accomplishing a task like getting an internship or a job or investment in your company people see right through that the right right way to build bonds is to do it the old fashioned way the old fashioned human way by taking interest in someone finding a way to contact him her sharing your story then learning about them and then growing that relationship chirp overtime when they need something of course you'll be the one that they call and vice versa but it doesn't happen overnight this podcast. It's very helpful to me for the connection point but all that does is get my foot in the door with someone that I wanna meet but then it's on me to actually create the bond. Sometimes it happens and sometimes it doesn't and that can be for many reasons but then that bond it just isn't there forever either it needs to be taken care Rav. We need to chat every once in a while. I keep them up to date on what's happening in my life and they do the same and there's it takes work but like anything else that takes hard work and possibly really longtime the results can be meaningful. That's it if we're good on the building relationships spiel. Let's get into this awesome awesome conversation with kid well it. Thanks so much for having me into your your we work in San Francisco of course thanks for having me on your podcast excited. We'll even even been looking forward to speaking with your co founder of one of your previous ventures James Shara on the podcast and it was a unique podcast. It was different than the than the normal aw he's he's not a normal person so yeah. He's very unique very special kind of person so I would expect. No less yeah so you in your earlier life. You Co founded this company tilt I talk about time because mixer. It relates a lot to pay club and you guys had a lot of successes and a lot of ups and downs and we can talk about that in relation to to your journey and an I have another really cool startup still in the fintech space which is really interesting. I mean I don't know that that came out of your work with tilt or got to that. We'll get into that too much. Let's start early days. Where'd you grow up. Where'd you go to school. When did you start to become The menu are today yeah all thank you. I am. I actually grew up in Egypt. I grew up in Alexandria Egypt specifically early and as very fortunate. I grew up in a family of entrepreneurs. My father was an entrepreneur. My grandfather was an entrepreneur and the owned multiple different businesses and so I have inherited that if you will and so I grew up there I went to school there and and finished my high school in Alexandria after which I started my first company and is actually in the real estate space as well. It was kind of a property management software to help property managers know which properties are rented which ones who paid who didn't that kind of thing and that was we're talking about over seventeen. Maybe eighteen in years ago now in some dating myself MC time and I finish this business and then I moved to the US I went to Virginia Tech for school. I studied human computer interaction and that kind of shaped the rest of my life really in terms of focusing on user experience awesome products and what the psychology is of these users had they think through problems and the solutions and so forth I finished my masters and then I joined the company called Webmail that was almost before g mail was there. That's how old I am but I joined that almost nine months later the company nine months later the company got acquired by rack space when when rack space at the time was two hundred or so employees and so is fortunate. I joined that team in racks base and I moved from Virginia. Down to Texas coming from Egypt side note coming from Egypt Virginia Genia was really called for me knows first time to see snow as mind blown overcompensated they went to Texas and Texas is actually harder than Egypt. Believe it or not yes that is where I grew up so racks phase. I stayed there for about four and a half a few years and I seen the teens grow from two hundred people ish to about maybe four thousand in four years almost a thousand person a year. The company went public went to up to thirty five billion dollar at some point and it was really great got to learn so much of head amazing mentors and after that journey decided to jump on board to try something else. Try something on my own and and that's when I started tilt and I know we'll talk a little bit more about it but it was an awesome can of Silicon Valley show story and we got to learn a lot from that journey. I got to meet Jay's an in which is I feel very very blessed of Madam and I learned a lot from him as well as an as an entrepreneur as a founder and and then after we sold the company to Airbnb I say that AIRBNB for about a year and a half or so and I left to start my current venture called red door in the Fintech real estate mortgage space yes right now. It's tying all your stuff together. The your your first job yeah I Egypt Yeah so how'd you how'd you get connected with James. We are great story and so you know how how one one of the best advice of ever gotten in my life was in order for you to succeed as an entrepreneur but really it applies for anything you have to build L. Trust and network. You have two people need to trust. You and you need a lot of people dressed. If if you have a lot of people in in your network but there's only two people that trust you is not going to help you that much and if if you have a lot of people in our nobody trusts you it it doesn't matter either and so I really took this to heart and I started kind of throughout my entire career really even starting from high school and college is as I cared so much of a building that network and making sure that I am trustworthy. My reputation really mattered a lot so I I I remember in my first job at Webmail I kind of engineered the situation where I run into their founders and try to learn from them and get them to be my mentor or so I I grabbed lunch with them and presented a few ideas and then they all looked at day deserves. Hey listen. You're smarter than that so clearly this is not a meeting of these ideas from this and I said well okay one day. I WANNA start my own business and I just want to learn from you guys. I think you have a lot of experience and I just want to have them. As my mentors they took it and they ended up big mentors for a very very long time and they actually ended up investing in Tilton their investors in this company as well in red door and through those two mentors they were were they met James and they're they knew about James was building company at the time called crowd tilt and he was looking for a CO founder and and and they wanted to invest but they wouldn't really invest in a company with Solo founder so they said listen. We have this company. We have this guy just to have a chat as E. Tell us what you think so I chat with James. Three hours later. I quit my job at the time yes I met through. You know those mentors that I worked with for last five years. I love it. I love the story of just forging. These authentic relationships not really expecting anything. Just kind of this is a long longterm thing. We'll see what happens. I mean it didn't take that long to to pay off. You use a fortunate. We met with James for the first time. What was it like. What was it about his vision unlike his leadership at what what sold you on it. I think it was really actually great. There is a lot of things you look for in a go founder and I'm one of the fortunate the people where I didn't have to do this whole co-founder dating thing for for a while it was basically James was kind of either first second meeting and there is there is a lot of qualities you wanna find an leader. You WanNa find somebody. That is authentic that understands this pays this. Also you know one of the bests can across Jeff Bezos says is be very kind of stubborn on where you want to be but very flexible in how you get there and so so I really wanted to get that from my co-founder. I wanted to see where what is. What is that thing that he wants to get out of this company. And where is the company today head we get there. That's going to be a journey. We don't know we're going to discover things out and even that Northstar might change a little bit and the future but it it was really important for us to kind of align our way of thinking that we think the same way or not and that was very kind of imminent India and that I chat with him and so but we really kind of saw the world the same way in terms of tilt had an opportunity to to really just is going to change social behavior change how human beings pulled together for any objective whether there is a college party or building building a bridge and and so we really kind of went after that as our mission

James Shara Founder Co Founder Egypt Co-Founder Tilt Hilt POD You Co Keila Alexandria Egypt Kayla Jason Keeler Texas Jeff Bezos Keel Alexandria Virginia Egypt Virginia Genia
"property manager" Discussed on WHAS 840 AM

WHAS 840 AM

01:36 min | 1 year ago

"property manager" Discussed on WHAS 840 AM

"You are a commercial property owner or commercial property manager, wanna talk to you about my friends at spray tech. If you've got a roof situation, on your hands. You know, leakage you got, you got you gotta you gotta bucket that collects. The rainwater that your customers have to walk around you worried about losing inventory to the roof leaks. You may not have to worry about that anymore because spray TEK commercial roofing and roof systems. They have a spray foam and coating application that is one of the only like this in the area. And if you haven't heard about this spray applied roofs, and you wanted to know what that could do for your building? It could probably really help call spray tech, and have them take a look you could restore your aging and leaking roof for half the cost of a total replacement half the cost. So let's say you'd already been told you got to replace the whole thing thinks gives me and then you find out. Wait a minute. It was gonna cost me this much. It's gonna cost me half that to do this other thing. And it's going to fix the problem. Now that's half of the money that I thought I was going to have to spend that I can put back in my business, and I can make sure that my customers are having a good conspiracy, and I can make sure my Electric's don't get wasted from fried by by getting hit by water. And I can make sure my inventory. Stay safe. That is a no brainer. So you can restore your aging or leaking roof, and it could cost as little as half the cost of a, total replacement and their products by the way our warranty for twenty years up to twenty years..

property manager twenty years
Marriott Courts Airbnbs Customers -- with Castle Rentals

Business Wars Daily

04:31 min | 1 year ago

Marriott Courts Airbnbs Customers -- with Castle Rentals

"This episode of business words daily is brought to you by central online from Pitney Bowes simple online makes it easy to save time and money. No matter what you ship or male. Try it free for thirty days and get a free ten pounds scale when you visit PBA dot com slash BW deli. From wondering, I'm David Brown. And this is business wars daily on this Tuesday may seven for those looking to get a jump on the hottest travel destinations for summer consider a ten thousand dollar night Irish castle or how about a Lake Tahoe mountain home. Perhaps these are two of the luxury properties that Marriott has just started offering as part of a brand new home sharing business. The posh digs are far cry from the air mattresses on the floor origins of Airbnb, but Airbnb is now worth about thirty five billion dollars. And as a rival is a thorn in Marriott side until recently Marriott was perceived to be the biggest company in the lodging business with about one point three million rooms, but with five to six million properties available for rent will Airbnb is now the largest lodging operator in the country that according to the Wall Street Journal, the upshot of so much. Sumer choice, Marriott and other hotel chains have been losing a couple of percentage points in revenue in major cities were home. Shares are abundant that sting so much that Marriott has decided to expand its definition of lodging and try to beat Airbnb at its own game. But you're not likely to find rooms in other people's houses or super cheap urban studios for Marriott called homes in villas by Marriott. The new service will offer three night and up stays in two thousand high end properties around the world, the luxurious spaces in Marietta roster are already managed by property managers. Not by homeowners. Trying to make a few extra bucks Marriott has good reasons to fashion it service this way hotel customers, don't like inconsistency. Which by definition is the hallmark of home shares to assure cleanliness amenities and to meet hotel safety codes Marietta's sneaking it's toll into the water gingerly. Airbnb exects or nothing if not savvy, however as Mary edges closer to home sharing Airbnb is sliding into hotel territory. That's right in March Airbnb announced that it will pay about four hundred sixty five million dollars to acquire hotel tonight. That's a last minute hotel booking service in the war between hotels and home. Shares Marriott has one weapon that Airbnb doesn't at least so far frequent travelers love their loyalty points. And Mary says it's rewards program will work no matter what kind of property you stay in. That is reserved that Irish castle and you'll get points, you can use it any other Marriott property, whether it's the Ritz Carlton or a Marriott courtyard on the jersey shore as both Airbnb and hotel chains realize they're in same business, providing travellers with roofs over their heads will Airbnb suddenly develop loyalty program of its own. Those of us who rely on home sharing who. Sure hope so. Brom wondering this business wars daily, if you're a loyal subscriber. Thank you so much, and please share the show with your friends and show them. How to subscribe, would you? I'm David Brown. We'll see you tomorrow. This episode of business words daily is brought to you by central online from Pitney Bowes with sent pro online from Pitney Bowes, you can send everything from packages. Two overnights at letters without leaving your office right from your desk for his low as four dollars ninety nine cents per month, French shipping, labels and stamps from your own printer easily compare rates using send pros online software, get special USPS savings for letters and priority, mail shipping. Plus, you can track all of your shipments and get Email notifications when they've arrived. Try it free for thirty days and get a free ten pound scale when you visit PBA dot com slash BW w daily.

Marriott Airbnb Pitney Bowes PBA David Brown Irish Castle Mary Wall Street Journal Lake Tahoe Mountain Marietta Ritz Carlton Thirty Days Four Hundred Sixty Five Millio Thirty Five Billion Dollars Ten Thousand Dollar Four Dollars Ten Pounds
Do renters have the right to reject smart-home technology?

Marketplace Tech with Molly Wood

06:39 min | 1 year ago

Do renters have the right to reject smart-home technology?

"This marketplace podcast is brought to you by the university of San Francisco. Their new masters in applied economics combines economics training with the practical skills and data analytics needed to understand the new digital economy to learn more and get an application fee waiver. Go to USF C, A dot EDU slash marketplace. This marketplace podcast is brought to you by brother Inc. Vestment tank printers. It's happened to all of us right before an important presentation. The printer runs out of ink brother Inc. Vestment tank printers help put a stop to this. And can literally change the way you Inc. Your choice of up to one or two years of ink included in box helps eliminate the expense and hassle of frequently buying and replacing in cartridges. Learn more at change the way you Inc dot com. Smart homes are all the rage. But do renters have the right to Adum apartment from American public media. This is marketplace tech demystifying the digital economy. I'm Molly would. Martin homes. Full of connected devices aren't just for single family homes. And if you're a renter, you might get a smart apartment, whether you want one or not back in January security researcher, and blogger Leslie car heart got a letter from her landlord saying, they're building was getting internet connected door locks and her response was no, thank you. She wrote about it. And ended up finding out that this is a big business. There are multiple quote, smart, apartment, vendors and property managers really want this tech, here's car heart. So there's a lot of good reasons for implementing this technology. First of all, it makes it easier for rental properties to manage maintain the units, especially when they're unoccupied they could do things like monitor for water leaks. They can also make a added convenience for their users which is a good sell for potential residents. You can change your temperature from your phone. You can get grant access to people when you're not home and know, who's accessing your apartment when I'm so there's a lot of benefits there in terms of convenience and also the ab-. Ability for apartment management companies to require less staff to do things like show apartments. All right. And then how about the cons ranging from actual security physical security to privacy. So I often tell people that in terms of security things can be quick cheap secure. But not all three at once. And in this case, the industry is asking asking for this to be implemented quickly and cheaply and consumers really need to be asking for security here for multiple reasons. First of all, you're sending a tremendous amount of data about the way that you live whose home when your home when you go to work, you're sending that out over the internet to multiple parties, and you would extensively want to send that securely. And also, the lock, of course, is granting access to your apartment. So you want to be certain that nobody malicious can grant access to your apartment in a way that unlike breaking into a window or breaking a lock off a door is not really easily detectable how much I know. This isn't your specific area of. Expertise, but how much do you expect this to become a conversation about rights will attendant in the future be able to demand the right to a dumb apartment, and it isn't my area of expertise. I'm not a lawyer. But while I was investigating this. I didn't find any precedent for issues like this. I don't think much has been done. This is all so new and it's coming down the pipe so fast, where did you land in terms of feeling okay? About moving forward with this. I'm buying a house, and yeah. And that's not my threat model, isn't everybody's? I'm a security researcher. I catch bad hackers for a living. And the last thing I need in my life is a system that could be monitored or tampered with by one of the people who I sent to prison. Other people will feel differently, and they have very very different throttles. But it's important to think about these issues because a lot of people don't have a choice whether to rent or not to rent, Leslie, car heart is a security researcher. She wrote a follow up this week to her original post saying she's been working with companies to help deploy apartment. Tech securely. And she'll be speaking at a real estate conference called multifamily tech and entrepreneurship next week in San Francisco. And now for some related links other than the fact that there's an entire conference on this topic, which I guess is not surprising. There's a conference for everything it seems like connected buildings are hot conversation in the property management world, and there's kind of the usual tension for tenants and owners between convenience and security one survey on a site called multifamily executive dot com. Said fifty percent of renters would actually pay more rent in exchange. For smart home features like kilos, entry locks doorbell cameras, or smart, thermostats and speaking of our robot overlords. Remember that cute little social robot named Gebo? It was kind of the precursor to Alexa, and the Google home gadgets. It was a robotic assistant with a really friendly little face, then it could dance and fleece it. Started out as an indie gogo crowdfunding campaign in two thousand twelve by two thousand seventeen time magazine called it one of the best innovations of the year. But now g Bo is basically a casualty of Alexa. And apparently a bunch of knockoffs from China, and it's shutting down and as it servers. Go off line owners of the robot are getting a sad little message. Well, it's not great news. The servers out there that let me do what I do are going to be turned off soon. I want to say I've really enjoyed our time together. Thank you, very very much for having me around. Maybe some day when robots are way more advanced than today, and everyone has them in their homes. You can tell your your said, I said Hello. I wonder if they'll be able to do this. And then it does a little death dance. I'm not crying. You're crying relationship. With tech is really complicated. You guys I'm Ali would. And that's marketplace tech. This is APN. This. Marketplace podcast is brought to you by backlog, developers know, the importance of officiency and transparency when it comes to collaborating on a team backlog is the perfect software development tool for managing issues from start to finish create tasks and track progress with features like Gant and burn down charts. Tackle bugs update teams on various issues and push code out from get backlog do all this and more with one easy tool. Try backlog for your team free for thirty days using the special URL backlog dot com slash marketplace.

Researcher San Francisco Leslie You Inc Alexa Ink Brother Inc Brother Inc Adum Molly Martin ALI China Executive G Bo Google Fifty Percent Thirty Days Two Years
"property manager" Discussed on BizTalk Radio

BizTalk Radio

05:20 min | 2 years ago

"property manager" Discussed on BizTalk Radio

"That's what a professional property manager. Does equals higher tenant retention equals a higher. Are why this is swimming you buy property, and you re how to properly and you find it. And they're in a decent area backing operations are as are more important than the front end acquisition. I appreciate what you said about a higher R Y. Right because one we have to think about our tenants as our customers and the better that we take care of them. Because quite frankly, they're paying us rent. Right. It's a service that we were doing for them in exchange for the monetary benefit that we receive as investors collecting rent. But if the relationship there goes sour because. The investor doesn't understand how to cater to eight tenants. Then guess what's going to happen? Right. Like, your allies going to drop actually is probably going to go through the floor, you'll end up in some crazy legal battle. And that's my ensuring that property management is in place makes sense to me. The risks associated with bad property management. However can also come at a pretty sizable cost can you can maybe go through some of the some of these risks that you've seen a property management companies just inherently have because they're maybe they're not run. Well, or what? So I've experienced some of this myself as an investor for for many years. Kicking the right property manager? Making sure that your expectations are are aligned. And you understand what the clear lines of communication are probably some of the biggest pitfalls at that. People can run into that investors can run into not understanding how your property manager operates. Not understanding how they collect rent evict white. What is what they're putting onto the tenant to take care of what they're putting onto the owner to take care of the different fees. They're going to charge the tenants and owners for different services. A lot of these are pitfalls that can happen in boasted. It's centered around communication expectations, and then the level of expertise at that property manager head what happens if that if you have a great relationship with your property manager. And a large investor comes and says, here's two hundred homes. I want you to manage where do you fall in that hierarchy what happens when a bunch of issues all happen at once do they are they set up to scour they set up to take care of all of their customers. All of the time. That's really important. So ideally, what should a property management company have in place. Should it be a Google spreadsheet of of everything they're tracking? I mean, what do I need to be looking for? So yeah, you a lot of them you have that systems and processes, so what's the process? What's the decision decision into our decision tree when certain things happen? I'm if they can't provide you those things, and you don't understand their platform. They're using. So are they? There's a lot of different property management platforms. And those are great. They take part of the way there. But you know, how do they manage their people? What are they e o s person that they they have a set system? How they hire people how they look at employees how they're bringing it on or are they just adding somebody when when they realize they don't have enough staff. Yeah. You really have to. Because a lot of a lot of people can paint a great picture. And there's always gonna be unforeseen things that come up so just really get to know them understanding their systems and asking them questions, you know, show me your process show me your rent collection process show, me your vixen process. Do you have a flow chart for those things? Do you have a decision tool for those how how are those decisions made? Or are they all on that one? They are they all on the owner of the property management company. So those are things you need to be careful is everything silent with one or two, please. Do they have that one key employees that does everything for him? If he goes on vacation get sick. God forbid, y'all has a terrible health issue. They die something happens to them. And they're not able to do the work. How is that filter? Do you do they have except process that somebody can step into that that machine that's running? That's really important. So what if I'm asking all these questions, right? And all of a sudden, my re the reaction that I get is while these are way too many questions. I don't have the time to. To answer them. Like, I feel like I'm kind of biasing these questions for. But like is that obviously that's a concern. What should my reaction? Be should. I just shut the door and say, thank you. I'm looking for somebody else. Or should I maybe it's a relationship building thing that I'm not doing properly. So. It's a relationship. It's a relationship building think to a certain point. They're there to manage your property if they can't answer the questions about how they operate their business that you're going to hand over your many times your nest egg to and you're not comfortable with the answers that are giving move on. There's other companies out there. There's there's the landscaper property management is fast and buried in the level of service cherries in the competency level of of the operators varies in each city by a whole lot. So yeah, find somebody who's good at what they do. Look at the reviews, take the reviews or the greatest salt though. Because a lot of from Tenet..

property manager Google
Theodore McCarrick, ABC and Francis discussed on News, Traffic and Weather

News, Traffic and Weather

00:38 sec | 2 years ago

Theodore McCarrick, ABC and Francis discussed on News, Traffic and Weather

"Pope Francis has been dropping some hints says to why he's remained silent in the face of an accusation that he covered up for cardinal. Involved in sex abuse during mass at his Vatican. Residents said silence and prayer are the best responses to those seeking scandal and division that it can observers say his comments allude to the recent call by the Italian archbishop coddling Maria Vigano for the pope to resign in a letter released to conservative Catholic sites. Vegan accused Francis of lifting sanctions against now. Disgraced cardinal Theodore McCarrick, despite vegan. Oh, telling the pope McCarrick sexually preyed on

Theodore Mccarrick ABC Francis Saint Louis Martin Abc Maria Vigano Puget Sound Megan Williams Ken Martin Seattle Property Manager Ten Minutes
"property manager" Discussed on BizTalk Radio

BizTalk Radio

01:38 min | 2 years ago

"property manager" Discussed on BizTalk Radio

"Where you need property management split up your portfolio even if you have four properties give two to one property manager to to another because if one of them begins to fall down on the job you need to be able to quickly move those other assets to another property management that already knows you that you already do business with it's just a matter of picking up the phone and boom they're moved and and i learned a huge lesson courage everybody out there create competition and tell both property managers they're not the only company in town that you do business with make them earned the right to keep your business that is super smart so where do i then find these property managers do i just start cold calling well there's great property managers across the country renters warehouse is one that that people use a lot they're they are a part of a think we're not really recommends renters warehouse as as a great company to do management with you can check out renters warehouse then there's also lots of local smaller organizations in every city it's just about really interviewing them finding out we could do actually i'll be probably a whole show just the questions to ask when interviewing a property manager that would be interesting so let's plan on that probably here in the next couple of weeks or months because that's a really important topic i get questions about that too because property management is where the rubber meets the road for many real estate investors and if you don't have the right people and if you don't have the right staff especially on the management side then guess what's happening to your.

property manager
"property manager" Discussed on Mixergy

Mixergy

01:50 min | 2 years ago

"property manager" Discussed on Mixergy

"Archive i'm the only one who was on the i basically live on the internet archive it's good today just looks really good really clear i like that even though i'm not coming from background of understanding the problems of of property manager i get it i understand exactly all your feature set understand what you do understand why someone would sign up for it it's just a really well done site if anyone wants to check it out they could go to rent tech direct dot com that's our emt direct dot com i two sponsors are host gator dot com slash makes her g and top towel dot com slash mixer and finally i am experimenting with telling my audience about about other podcasts at the end of this podcast and there's one from one of my listeners guy named austin peaky created what do you think of this name first podcast millionaire dash interviews it tells me he's interviewing millionaires hopefully you're gonna learn something that turns you know a millionaire by listening to for me to i though i wonder is it going to be because the good guy know what it's about but i wonder if i just heard the name what i think it's just about getting rich quick or something i think it's gonna turn on the right people and it's going to scare off some people to actually enter it's millionaire dash interviews dot com slash slash subscribe millionaire dash interviews dot com slash subscribe it's got some good guests on there so go check him out i think it's a really good follow up to what you're hearing here and thank you all for listening thanks for doing this interview actually naked i'm going to tell everyone this the one interview that they should go listen to right now from from austin's podcast is the guy is the cart hook guy cartel is this great piece of software for ecommerce guys done a great job with it he's a good person to go listen to his interview all right there sorry i cut you off as i was saying thank you and appreciating your thanks nathan thank you too thank you bye.

property manager austin peaky internet nathan
"property manager" Discussed on Mixergy

Mixergy

01:37 min | 2 years ago

"property manager" Discussed on Mixergy

"I know i'm running a server ford anyways which doesn't cost me that much i could probably get a thousand other people using it it's still not gonna cost me anything extra so why not a help some people out and looking at an early version of the site there's a big message ren tekla wreck ren tech direct is free when we say no risk we mean in all the basic functions necessary for a landlord or property manager firm to manage rentals including in the free package it didn't take much longer to start charging but it does look like that i version was aware that at some point you might wanna start charging well at the very first version i didn't have an intention to charge because i had no idea that there would be enough people for to warrant uniform in a company and merchant accounts and all everything that goes into charging people for service but what did happen and where i came up with the you know the idea to start charging was i'm offering it out there for free i've got a couple hundred people using it and and and it's awesome you know because they're able to they will make use of it but they're emailing me and i said you know hey provide free email support if you have trouble using the system i'll provide you some free male sport i don't have a ton of time because i have a fulltime job and a family but but i'll do it again so i was kind of our support policy when it was a free program and what happened is is the support load started increase in increase in increasing and a few people started getting upset that i wasn't responding quick enough and and then i started getting e.

property manager
"property manager" Discussed on BizTalk Radio

BizTalk Radio

01:47 min | 2 years ago

"property manager" Discussed on BizTalk Radio

"Oh i am a residential property manager in the denver metro area taking care of the owners problems and issues before they even know they have them so they don't have to worry about them i'm also the guy who takes the two am phone call so the owner doesn't have to do so it sounds like having champion carpet and upholstery care in your back pocket is probably a pretty good thing as a property manager indeed it is indeed it is they saved my backside quite often luckily well we love to hear those stories and especially on a company that guarantees their work and guarantees the work of someone else right because they just said that they would make sure that your carpet warranty stayed intact after they cleaned it i i've never heard that before yeah that's that kind of surprised me as well so let's give their contact information one more time yeah their contact information is three zero three four two four eight eight one one and if anybody wants to call you for some residential property management are you taking new customers how do they how do we reach you you make a call at seven two zero nine eight nine one nine nine six say that again or they can visit his yeah nine seven seven two zero nine eight nine one nine nine six or they can visit are amazing website the darrell stern actually built force at legacy properties hyphen pm dot com good so you've just.

property manager denver darrell stern
"property manager" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:51 min | 2 years ago

"property manager" Discussed on WAFS Biz 1190

"Amount of nations machines that help keep real happy and property managers efficient i did not realize the entire encryption piece i that's so cool so you're encrypting this data you're sending it up to the cloud and the cloud is happy you're happy the client's happy because they know that this data isn't going anywhere right the rugby mentioned where someone may say you know i can go to own decoder best buy by somebody devices myself there's some foremost they have to manage each of those devices on a oneoff basis how you can get access to the restaurant at the end of the day most of those devices are using wifi that google wifi it's pretty easy to figure out how you can sit right outside the home and tackling your wife find out in a few minutes but i don't wanna technical skill sean i have a feeling that you're also a master hacker on the side i'm assuming you can confirm or deny that i'm totally kidding long not that dangerous but i'm not technically savvy either maybe you want to mess with that's so funny i can use a mouse like i i'm raising my hand right now i got a mouse i have a mouse pad and that's the extent of what i can do we are headed the break i think it's so cool to learn about how how helm automation can really help the investor the property manager and of course the tenants feel cool they're like hey well you know i can do all this stuff and my app just like just like my other friends can't so i think that's really nifty i do wanna get into cost and help helped me to understand that after we come back from the break because i'm sure there are questions about that coming in right now think realty radio you know what to do go to points central dot com point central.

property manager google
"property manager" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:27 min | 2 years ago

"property manager" Discussed on WAFS Biz 1190

"End of the day's thriving benefits to the property manager from an operational standpoint above and beyond any incremental gotcha and you actually answered a question that i had about amazon alexa because i was thinking to myself well gee whiz why can't i just do this myself and connect up all the stuff via amazon alexa without using point central and then i realized very quickly that that's not the way you do it because point central's in points central's tech it's cetera is specifically designed for its for its purpose and you can use it via the amazon alexa app which i think is really cool blue moisture a great way to stop by the at the end of the day is is only interface to different devices and you want those devices together you can a couple of key things for us intentions those true reliability with most important so all our devices connectors telling the debt cellular and chris the connection between the and then we use private cellular lines to get the data out of the house to our cloud we also encrypt the data on that saline and then when we get the cloud we're part of a larger public entity we have to go through every quarter tests and released is all that we're doing everything can to keep on data secure also have a robust data policy that lets customers and their museums now at the end of the day we're not new but we're not in the business of trying to harvest their cellular intonation in the business providing amount of nations lucy's keep happy and property managers official i did not realize the entire encryption piece i that's so cool so you're encrypting this data you're sending it up to the cloud and the cloud is happy you're happy the client's happy because they know that this data isn't going anywhere exactly right versus if you went throughout you mentioned where someone may say you know i can go to best buy and somebody devices myself versus foremost they have to manage each of those devices on one basis then you can get access to the restaurant at the end of the day most of the devices are using wifi that google wifi it's pretty easy to figure out how you can sit right outside the home and.

property manager lucy amazon official google
"property manager" Discussed on Zero To Travel Podcast

Zero To Travel Podcast

02:14 min | 2 years ago

"property manager" Discussed on Zero To Travel Podcast

"Un which water mollah so i kinda did a few things um but yeah i don't know maybe they're really gets it gets tiring you know there's there's points where you're like oh i just wanna be home but i find let people really like get excited what i'm home now 'cause they never really know so it like though is like a party when i'm back everybody wanting to see me so i love that it's like really fun hudson through that is a good feeling when you come back home and you get that it's like the you know the hero's welcome or something that's like yeah right all right so i guess just give us just wrap it up some of the resources you mentioned some already immi mentioned guests the you mention thorough renting your car what are some of the other resources like any other sharing economy type platforms any other airbnb type platforms rerun rent properties any other property manager software anything else like that that's helpful on so other things like airbnb that i've found that are good because i've tried quite a few and there's there's a lot out there the our b o and haul away that the same company so they're pretty good i find airbnb is my favourite platform but all of them have like a a different market different adrian jd different uh countries that they're in you know so it's it's kind of different depending on your property i'm booking dot com is also really good and expedia those are both places he can list your house which you know i think everybody thought it was hotels but now they're everything so those those work you know it helps to have a bigger range is an app called properly which helps with cleaning um it helps define cleaners and it has all of these i'm checklists that you can have for each of your properties though it like shows you when the cleaners arrived and then they check off each item that they've done and it can app pictures and all the stuff so it's a really cool app am i use them for a long time i'm not using the rate now actually we use them in some of our locations so they're really cool i recommend them um they have a little fee associated with it but it's worth it um i love the point sky.

airbnb property manager expedia
"property manager" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

01:30 min | 2 years ago

"property manager" Discussed on TalkRadio 630 KHOW

"H guy a twoway well the property manager who is under the ha it is sky break had a bad job right he did a wonderful job and they actually caused a significant amount of additional damage that wasn't from the original okay hold on one thing at a time what what did he wore replied what did he go in there four so just tell me the things he went in there for watt for two six what okay so uh a guy com had come through the wall and fled at night that remm glycol is the wall had yet and um ethyleneglycol from uh like an antifreeze you can't in the heating system all jaso came at your place what did he do clean it up he asked they had the dry at likely so so widely or someone you had insurance coverage to hire sworn why didn't you deal with night because although it and sharon claim when the ha away that that they were responsible for it my insurance head okay it's closed and they had nothing to do with it okay so fresh so you were okay hold on that i need you to do me a favor the jennifer i need to find out what you want exactly what you want what did the guy do okay that's what i wanna know what did he do uh and then tom has a comment i want to take the comment on compass insurance then we'll come back for your second comment on sexual harassment what do you have to say.

sky harassment insurance coverage property manager time
"property manager" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 3 years ago

"property manager" Discussed on Bloomberg Radio New York

"Don't want to be operator or property manager as a result of its outsourcing derivatives are becoming more fee based in recurring and nature typical you reward heart award higher multi over time rather than more fickle current action of both us and we think there great embedded earning hour in jail al hey con how do you determined something that is the deep value excuse me rather than a value trap what kind of work to you do and can you give us an example of a trap that you be you avoid it sure so you hit out at we within our why shouldn't we can practise value and values show in our portfolio we own goal from the value bucket we we define as west distinguish companies with a significant discount to gut feeling that there is a very low hurdle that private market players and a lower bar could clear in the future in order to king protection number one i'll start with the balance sheet in order to play in a deep value bucket our our need to have a strong balance antle founded it actually even higher because you are already taking the operational risk you already know you're not buying the greatest me in the world call start with the balance sheet and then what it comes down to after that is weighing expected outcome over what what we call one to three years in order to change the market perception so it's not good knocked if the by a really key stock we think a good balance sheet in the first place whereby the margin of safety but at the end of the day you have to do fundamental research john lock what is going to a perception in the future so let's talk about one of your biggest holdings because i've actually taken interest in it recently and some of its strategies franklin resources is one of your big are holding saying you are made cat value find and.

property manager three years
"property manager" Discussed on BizTalk Radio

BizTalk Radio

02:10 min | 3 years ago

"property manager" Discussed on BizTalk Radio

"Day as we died in in talk a little bit about something you rarely hugh anna showing at is pertinent syndication you're in a europe blade a ragstoriches story if you will is the old saying goes and i think you'll like it also i am happy to embarrass something very rare or yes very rare we have had earlier he's well media not exactly zillions put quite a few unleashed quite a few people and companies approach has over the years and and twos ansari the show airing we have said no quite a few of them because we didn't think divorce suit with our message but we do think liz company is the fit in that year's renters warehouse i had the pleasure seeking on a panel last year with their chalinder and we met in phoenix with a bunch of their team members last year little white gone out a working relationship off the ground they were working on some of their technology and expanding into some other markets and we will just busy doing other things but we're looking forward to working with his company renters warehouse thrown award winning on quantity management company there was jailed facing over two key salaries fatty industrials nationwide they are a morningstar raided property manager they deliver unmatched showbiz and transparency gray have a central wise model and they locals dan in segue markets are that provides trustworthy support across many markets now they are nearly every single market that we rihan or every single market we've been him but they are in many of the major mortgage so for example with union property and say chicago and you're in you live in new york or california or washington state or wherever you can feel rest assured that they're going to take good carrier chicago property or a plan for the in any of the other markets they track all aspects of your property and the hickel.

hugh anna phoenix property manager chicago new york europe liz company california washington
"property manager" Discussed on WTMJ 620

WTMJ 620

01:51 min | 3 years ago

"property manager" Discussed on WTMJ 620

"He got in trouble with your property manager her because he can't keep a cat your he gave the cat away to somebody he texted me and he gives us as much he said i took how a to a place far away we should be here corps okay do you know where do you know where the cat is actually i do it's a friend of fair enough i have a question and your question is okay in my lawsuit i'm asking for specific performance don't do it all claims qorei smallclaims cord they won't do it they won't solely money damages because what you're asking is not specific performance by the way specific performance is different what you want is a quote just in order an injunction if you will or a a mandatory order from the court specific performance has to do with contractual issues this is out of contract issue so and it has to do with a usually wheel property and it has to do with it it's a little complicated in terms of what's not fungible and unique properties in specific perform a spot we want you have to bail men's and things like yeah you know the jazz yeah just terry what you have unfortunately name after a superior court judge that's all we have no choice and anti eu and you're shooter i'm sorry if if you're a judge agrees with me i mean consensus lambda i understand what if a small claims court the court the small claims court doesn't issues specific perform germans orders they can't do it okay and all the damages land you just kidnapped the cat back are you no i know where she is gradually i don't want to jump of transit break away do do all that stuff out of you know i'm gonna go jail does do that i probably will so there's no way for example the cat is ever out is in inside gap if it insight you may have to go to court there's no there's no other way.

property manager
"property manager" Discussed on WCTC

WCTC

02:24 min | 3 years ago

"property manager" Discussed on WCTC

"Needs a lawyer and maybe it will get out of it i'll tell you with the big issue was she was represented he wasn't and then was there a document at all saying i was i don't want to be represented i'm doing this i understand fully what unsigning yeah is there anything on paper that that proves that she agreed to not have a lawyer and then have a lawyer that's all hold different issues that opens at white up then you can argue you know what if that's unfair from day one and that saw that it was too biased okay i if i were the judge i'd go you bet that's out all right uh we kind of interesting hello lee europe wore yes sir i have i every pending small corker uh next month i handed a group in my reply we go property okay chipped in a sense of votes chipped away oh no you have a chippy in the i i've i envision a sculpture of a cat that's been chipped away they'll just of those just a sort of visual i had okay so erakat right chipped in it has all of your personal information on their so it's easy to prove its yours right exactly okay all right i handed it to him but worker was an oral agreement will hold onto her a week he got in trouble with your property manager because he can't keep a cat he gave the cat away to somebody he texted me very good as much heated could cook howey to a place where away where you'll be airport okay do you know where do you know where the cat is actually i do you have a friend of fair enough i near question and your question is okay in my will all sued i'm asking for specific perform won't do it all claims qorei small claims court they won't do it they won't notes only money damages because what you're asking is that specific performance by the way specific performance is different what you want is a quote just an order an injunction if you will or a a mandatory order from the court specific performance has to do with contractual issues this is out of contract issue so at it has to do with usually real property and it has to do with it it's a little complicated in terms of.

lee europe property manager howey
"property manager" Discussed on KGO 810

KGO 810

02:12 min | 3 years ago

"property manager" Discussed on KGO 810

"Zero eight zero eight one zero is the phone number let's let's talk the day here in the city hey dave good afternoon welcome hi brian um we weren't to doubt how it was my parents house and we hired a property manager green the tenants and then collected went and took his mary clint peaker over two years it turned out during that time the renters but blooded this out they they put the quit the garage and two two rooms to put locks on every bedroom they ended up with over twenty people in this house and the result was it got crash and our my question is what kind of recourse to begin the property maggert were four we don't think he did a proper job while the the question is what what was it that would have indicated that the tenet that they chose would have done something like this did the did that the property manager somehow avoid their own screening criteria because you know i looked for three times the monthly rent gross income verifiable credit report screening and prayer landlord reference and as i said in the earlier part of the show that's the only thing i can use to uh to say no to people to discriminate essentially because those are objective criteria so in a lot of circumstances there isn't a lot to say in a circumstance like this as long as the tenant met the the screening criteria if the landlord had some knowledge over the course of two years that something like this was going on and took no action to protect you in the property from this kind of of what we informed him that this was happening and he took no action when was that it was about a year and a up into it and newt was rented for another year we informed him that the that we could see that there were at least eighteen to twenty people in split and while in that circumstance i would say you know you certainly have some core some cause of action against the lammert early the property manager for negligence in the circumstance where you informed him of this situation and asked them to take action on your behalf and he failed to do so did you do it writing dave we did not do it in writing no okay so that's all let's users of public well actually knew yeah we have.

property manager clint peaker newt two years
"property manager" Discussed on BiggerPockets

BiggerPockets

01:44 min | 3 years ago

"property manager" Discussed on BiggerPockets

"I had said when you're talking about fifty dollars one hundred dollars toot out two hundred dollars in that kind of thing and then you have a proper measure that saves you money in other ways in in different aspects maybe maybe the property manager is taking fifty dollars for that charging the limit warned that maybe the probe primary is profiting fifty dollars on that transaction i'm not worried about again i'm not worried about little little deals like that i'm worried about that i got months without my place recommended i'm worried about i'm worried about you know that the big things in that respects because it remember if they're doing it for a hundred bucks a month or my little by little i know half duplex says they're in a bid if they're doing it for the rent is like eight hundred dollars they're getting what seventy five bucks a month i mean if they make a fifty bucks on a furnace or something i you know what i mean i as i think that's not i don't want to sweat the big stuff unless you unless you noticed something really big happening abide by little mom and pop property manager all he has rights to as do deposit my my money for these apartment complexes into the bank if he wants to build me for something that he sends me a bill and i'll i'll pay them the bill that's what i do for the smaller types of unicef for talking about as i get bigger i'm going to have all service the bigger companies obviously doing these the 24 unit than i have right now is starting with a bigger company that does everything pays all the bills everything mortgage a whole the whole nine yards in that respect because that's where you want to move a venturi as you get bigger you don't want to have more work on your hands you wanna have less work on your hands as the as the property order.

property manager fifty dollars eight hundred dollars one hundred dollars two hundred dollars nine yards