The Wealth Elevator Podcast: Real Estate, Taxes, Investing SPC087 - Fundamentals - Interview with Dana Dunford
In this episode we discuss:
• Nest automates thermostats and one day in the near future is a good implementation in B rentals
• HVAC or dishwasher breaks and technology can alert you
• Technology good for B and A class
• Class B rentals are having Amazon lockers and these Nest thermostats
• Know your avatar
• At one time backsplash in kitchens was unheard of and now its a cheap fix
• What is standard in the market? Dishwashers, garage doors, laundry price, etc..
• Zillow gives good filters for amenities like washer and dryers
• Ask your property management what is standard
• SFH's should have the tenant paying the utilities
• RUBS is Reimbursement Utility Billing System
• Skeptic on keyless entry soon but good for short term rentals
• A lot of new hardware and software coming but lets try it out at our own homes first yea 😁
• Use the technology in your rentals for tracking and monitoring
• Don't have personal relationships with your tenants
• Property manager's are the most critical people on your team and go off referrals
• Yelp is just angry vendors writing bad reviews for each other
• I look for the negative reviews as a good thing because they don't want to cave in to resident requests
• A nest thermostat or Thanksgiving turkey might be a good gift to bait a longer contract
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