EPISODE 016:
Part 2 of 2 on Important Points of Leasing & Management Contracts

Categories:
Strategy & Tips

Description & Show Notes:
In this episode, we'll wrap up our overview of the contracts and paperwork used in the leasing process by hitting the last 4 milestones: Renewals, Pre-Leasing, Move-Outs, and Deposit Refunds.  I mean, lets be real - people are going to move out and you'll have to be ready for the transition, right?  I'll introduce the concept of "Future Pacing" and how it will help your new tenants, your current tenants, and even you as a landlord.  Yep, even with 20 years of experience, I've given myself some homework to do after recording this episode because we should all be on the lookout for ways to improve our business when we come across a good idea.  

We'll also talk about hiring a Property Manager, and what they will do - and not do - for you as part of your Management Agreement.  We'll talk about what to expect when you are buying a property that is already under management, and what your options are at that time.  And we'll end this section talking about how you might get stuck with a Condo Assn manager that you don't like if you aren't careful.

In the Tips and Takeaways section,  we'll talk about the best time to buy from a motivated seller - even in Auburn's relatively hot market.  And we'll wrap up with some advice on the best times of the year to start a new lease to get the most Applicants and the highest rent - from my opinion, and how to structure your leases to give your tenants flexibility while still retaining control of the important stuff.

Milestones in the Tenant Life-Cycle, as relates to contracts: (bold sections are covered in this episode)

1. Application
2. Lease + Clauses
3. Payments
4. Renew or Not?
5. Pre-Leasing
6. Vacate
7. Deposit Refund

Links from this episode:​​

• Work with Me
• "Family Truckster" Scene from "Vacation": YouTube Link
• Real Estate Brokerage Services: AuburnInvestmentProperties.com
• Real Estate Investor Coaching: BetterREI.com​

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Hosted by:
Chris Kearns
- Investor, Broker
- 2x Auburn Grad

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