This is part 2 of my conversation with Matt Kontoff. Matt has managed his own rental properties while working full-time as a software engineer. He has been active in the day-to-day operation as well as overseeing renovations. More recently, he started investing in multifamily syndications to generate passive income. He is invested in over 1000+ units in the multifamily space and continues to search out winning investments. Matt founded Redwing Capital as a way to provide smarter real estate investments for other passive investors looking for stable

returns typically earned from multifamily apartment syndication investments.

In this episode, Matt Kontoff discusses a common tenant screening process that landlords can use to screen potential tenants. He discusses the importance of having a property manager when investing in rental properties. He discusses how landlords can screen potential clients and this process can involve doing a background check, checking references, and even conducting a home inspection. To learn more about Matt, listeners can visit him at Red Wing Capital!

[00:01 - 03:53] Running Background Check On Residents That Are Coming In

• Matt talks about taking advantage of a loophole

• Doing background checks when running financial reports

[03:54 - 08:53] Utilizing Smart Tech As A Property Manager

• Matt discusses his experiences when overseeing renovations
• Utilizing phones for a quick relay of communication
• Running a construction crew
• Using key cards for bigger properties
• The problems faced by being a property manager

[08:54 - 16:10] Closing Segment

• Matt recommends using a keypad to enter apartments instead of a phone and facial recognition to identify tenants
• To learn more about Matt, listeners can visit at his Red Wing Capital!

Tweetable Quotes:

“Some folks didn't realize that they had to pay at some point and now they're going to have a black mark next to their name when they go to rent some other place.” – Matt Kontoff

“The biggest epiphany I had was when I had to get a part for something and I look up the model number and I'm like, I'll get write this model number down and just take a picture of it.” – Matt Kontoff

Connect with Matt through his:

Website: Red Wing Capital

LinkedIn: Matt Kontoff

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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