Here are the methods that are helping me manage 28 rental units

When I tell people that I own and manage 28 rental units in 15 different buildings across the Twin Cities (MN), they are surprised. Actually, prior to becoming a Minnesota Realtor, I managed all those units, was Sr. Director of Information Systems for a Minnesota coffee company where I managed 18 people, and had 3 children all under the age of 5 at home. I don’t tell you these things to make me out to be a hero, it is just to demonstrate that everything is possible if you have systems, procedures, and a team in place. Here are some examples of how I manage everything:

Systems:

Set up ...
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3 comments

#1ChrisSeptember 12, 2008, 9:24 am

Great advice! I’m purchasing my first investment property and am both excited and apprehensive. I’ll be sure to learn from your lead. Who do you use for your screening and eviction services?

Thanks.

#2adminSeptember 12, 2008, 6:03 pm

Chris »
I use http://www.mccgrp.com for my screening and landlord services for evictions.

#3Chanhassen RealtorsDecember 7, 2010, 7:59 pm

Setting up multiple potential tenants to see the property at the same time has worked great for me over the years. When I first got into the business I would schedule appointments at times that were convenient for my applicants. I realized after being stood up a few times what a waste of my time that was. I started holding “open houses” once a week. I’d advertise that I would be available between 1:00 and 3:00 to show the property on Saturday and I’d require people to let me know when they were coming. Typically I’d schedule 10 or so showings and right before I left for the appointment I would post one last ad on craigslist saying I was going to be there. This method has worked for me everytime. Usually multiple people would show up at the same time and see that there was lots of competition for the house or condo which prompted then to fill out an application on the spot. Typically I would have multiple people filling out applications at the same time.

By the way, I’ve also used your MCCGRP group for evictions and they are a good, reasonably priced option.

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