Jared Wonders returns to the show to share how he manages tenant turnover as a real estate investor and busy full-time pharmacist.

Key Points From This Episode

• Jared explains how a new multi-family property meant multiple new tenants and tackling the turnover all at once.
• Some details about these two types of properties, and communicating with the tenants.
• Doing an Estoppel Certificate, and knowing your market rents when inheriting tenants.
• What action steps Jared took when two of the three tenants gave their 30-day notices.
• Talking about turnover; septic, new windows, appliances, and supply chain issues.
• Jared chats about the repair standpoint specifically and having a flexible timetable.
• How previous experience will give you the confidence to tackle the next property.
• Some creative options to solve supply chain problems.
• What is LVP, how to get great pictures, and why he did only one property at a time.
• How and when Jared listed the properties for rent again.
• Hear about the time frame before the first showing and what factors affected this.
• Scheduling viewings outside professional hours, and why he likes individual showings.
• The importance of following the Fair Housing guidelines, and having clear criteria.
• Jared talks about his tenant application process and verifying their income.
• Taking care of deferred maintenance by dealing with it during tenant turnover.
• Jared's final words of advice on screening and how to treat the tenant like your client.

Links Mentioned in Today's Episode

• Learn More About the None to One Group Coaching Program
• Email the YFP Real Estate Investing Podcast: [email protected]
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing 38: New Years Goals for Real Estate Investing
• Your Financial Pharmacist Webinars
• YFP Real Estate Investing 02: Long Term vs. Short Term Rental Property Investing - One Pharmacist's Perspective
• YFP Real Estate Investing 28: Property Management Fundamentals: Criteria and Pets
• Apartments.com
• BiggerPockets: Leases
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures