The REI Concierge Podcast Potential Obstacles to Investing from Abroad
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Apr 14, 2021 Discover the hurdles of investing in real estate from a distance! The hosts discuss remote property management and the importance of tenant relations. They share personal experiences on managing tenant turnover amidst a competitive market. Effective communication with tenants can prevent issues from escalating, ensuring smoother operations. Gain insights into the essential tools and strategies needed for successfully navigating international real estate investments. Tune in for practical tips that will help you invest without losing your peace of mind!
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Lease Negotiation Tip
- Negotiate lease terms to avoid tenant turnover during less desirable months like winter.
- Aim for spring or summer turnovers for better tenant placement.
Tenant Turnover in D.C.
- Tim Robinson shares his experience with tenant turnovers in D.C. while living abroad.
- He highlights the benefit of having good tenants who can show the property to prospective renters.
Tenant Screening Process
- Request paychecks, a completed application, and background/credit checks from prospective tenants.
- Having applicants pay for their background checks shows seriousness and weeds out unserious candidates.