691: Painless Property Management 101
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 22 November 2022
⏱️ 72 minutes
🧾️ Download transcript
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
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Connect with Ryan:
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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. I think |
| 1:30.4 | about that with gift cards all the time. Like it's the worst thing ever that you go spend money |
| 1:34.0 | on a gift card and then you give it to someone. The number of gift cards I've actually used is very |
| 1:38.3 | low compared to the number I've been given you. Lose them, you don't think about it. I've had one |
... |
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