397: The BEST Ways to Protect Your Rental Property and Keep Your Tenants Safe w/Eileen Daugherty

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 24 April 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you own a rental property, it’s YOUR responsibility to provide a safe environment for tenants. This starts with things like tenant screening, security upgrades, and most importantly, acting swiftly when a resident is in danger! Welcome back to the Real Estate Rookie podcast! Eileen Daugherty is not only the property management business consultant here at BiggerPockets but also a fellow real estate investor, and today, she joins the show to talk about property management, new construction homes, and the importance of tenant safety. Eileen even shares her own real estate horror story, which occurred shortly after buying her first rental property and renting it out. You’ll hear how a neighbor’s seemingly innocent “crush” quickly escalated into a situation where her new tenant was being stalked, hacked, and harassed! In this episode, Eileen shares the biggest learning lessons from this unfortunate experience and the MAJOR changes she made to improve tenant safety at her properties—from installing security cameras to providing virtual private networks (VPNs) and much more. But that’s not all! Stick around until the end to learn what it’s like to invest in the fast-growing market of Asheville, North Carolina! In This Episode We Cover: How to keep your tenants safe with landlord best practices Why it’s worth building relationships with your neighbors and tenants How to find an investor-friendly property manager for your rental properties The three most important factors for choosing an investing strategy How to scale your portfolio FAST with new construction homes The pros and cons of investing in the Asheville, North Carolina market And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Get Tips, Advice, & Support in the BiggerPockets Forums Real Estate Rookie 203 – The Ultimate Property Management Masterclass Real Estate Rookie 389 – Rookie Reply: How to Find a Property Manager & Set Up Rentals Out of State 3 Ways to Enhance Rental Property Security Connect with Eileen: Eileen's BiggerPockets Profile (00:00) Intro (50:00) Eileen’s Investing Portfolio (05:17) The Asheville Horror Story (08:23) Stalked, Hacked, & Harassed! (17:12) Relisting the Property (20:27) The BEST Security Additions (27:21) Building a Team & New Construction (32:02) Investing in Asheville, NC (35:26) Connect with Eileen! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-397 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie episode 397.
0:05.0	Tenants can oftentimes be the issue, but sometimes tenants safety can be the issue
0:11.0	as we will uncover in today's show. My name is Ashley
0:15.2	Care. Welcome to the real estate rookie podcast where three times a week we give you
0:20.3	the motivation, inspiration, and stories you need to hear to get started in real estate
0:25.0	and busting.
0:26.0	Wait until you hear how many emails were sent to this tenant, and when does a tenant burden
0:31.8	become your burden as the landlord?
0:34.6	If you have a story that you want to share that's about a tenant, a deal gone wrong, a contractor,
0:39.9	anything real estate related, submit your horror story for a chance to talk with me for a one-on-one therapy
0:46.7	session at bigger pockets.com slash reply.
0:50.3	Eileen welcome to the show.
0:53.6	We are excited and anxious to get into your horror story,
0:57.6	but first I want to talk about what you're doing
1:01.1	with bigger pockets.
1:02.6	Thanks for having me.
1:04.3	So I am the property manager business consultant
1:07.8	for bigger pockets, essentially helping
1:10.9	connect our investors to investor savvy property managers and we're
1:15.5	doing that all across the country and we're getting ready to launch that up this
1:19.3	spring. So you've probably had a lot of interaction with property managers by now.
1:24.4	Yeah, yeah, quite a few.
	...

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