691: Painless Property Management 101 w/Ryan Barone from RentRedi

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 22 November 2022

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Property management has always been a sensitive subject for landlords. Most real estate investors either want to be completely hands-off, letting a property manager handle the entirety of their leasing and management, OR be hands-on, constantly dealing with tenant issues themselves. And for a long time, there wasn’t a great way to self-manage. You either ran your business off scraps of paper or insufficient spreadsheets. But it’s 2022, and this has completely changed. When Ryan Barone was applying for his first apartment, he was blown away by how complicated the tenant application process was. So, he built an app that made it easier for tenants to upload all their documents to landlords. Then, the landlords started reaching out to Ryan asking for a tenant management version of the software. As a result, RentRedi was born, and has slowly grown to become one of the most popular property management tools around! Ryan credits much of his success to early BiggerPockets users, who constantly tested and tried RentRedi when it was in early development. Now, the software is fully formed—used by tens of thousands of investors across the country. And it comes standard with a BiggerPockets Pro Membership! If you want to know how to manage your properties without the headaches (or high costs) of regular property management, stick around. Ryan gives a full demo on how you can start using RentRedi today! In This Episode We Cover: Common landlord and tenant headaches and how RentRedi instantly solves them Reporting, rent collection, bookkeeping, and more features you can get with RentRedi How to start self-managing as a new landlord even if you have no experience How RentRedi used BiggerPockets users as beta testers to build the best property management software around Outsourcing and delegating tasks so you can build your business faster than ever before Turning tenant problems into profits and managing your rentals without breaking the bank And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Try RentRedi Today! Angel.co Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Connect with Ryan: Ryan's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-691 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show, 691.
0:04.4	I developed initially an app just for myself and friends to apply and quickly had landlords coming back to me,
0:10.5	some of which were bigger pockets members as well along the way, saying, wait,
0:15.0	our side's just as bad if not worse, you're seeing the trickle-down effect of me,
0:19.4	an independent investor who's put my life savings into acquiring a property or two to put a
0:24.8	kid through college or a tire early and I'm doing it all on spreadsheets. And so if you can make
0:28.3	it easier for me, I can make it easier for you too. And so that began the journey of saying,
0:32.8	okay, how do we make something that makes it really easy for an independent landlord,
0:37.3	independent investor and then also creates a great experience for their tenant at the same time.
0:42.0	What's going on everyone? This is David Green, your host of the Bigger Pockets Real Estate Podcast,
0:46.4	the best, the biggest, the baddest real estate podcast in the world here today with my super talented
0:52.2	co-host Rob Abisolo. Rob, how you doing today? Hello, hello, it's Wednesday and I'm feeling good man,
0:57.4	my back. You know, I suffered, I survived a minor back injury and I feel like I'm at the end of it.
1:04.8	I can finally twist, I'm not ready for a golf lesson quite yet. I've been saving that for a little
1:09.3	bit but I'm close. I'm close to being able to go to top golf again. Which is how everybody
1:13.2	golfs these days. No one actually goes to a golf course on this. They're over 50 years old.
1:17.2	No, I actually bought 10 golf lessons. Like I bought them, I went to the first one and then I threw
1:22.0	out my back. So they've just been collecting dust and that's how they make the money on you. They
1:26.0	want you to bank it and just forget about it and that's that's kind of me at this moment.
1:30.0	I think about that with gift cards all the time. Like it's the worst thing ever that you go spend
1:33.8	money on a gift card and then you give it to someone. The number of gift cards I've actually used
1:37.9	is very low. Compared to the number I've been given you. Lose them, you don't think about it. I've
	...

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