If you own a rental property, it’s YOUR responsibility to provide a safe environment for tenants. This starts with things like tenant screening, security upgrades, and most importantly, acting swiftly when a resident is in danger!
Welcome back to the Real Estate Rookie podcast! Eileen Daugherty is not only the property management business consultant here at BiggerPockets but also a fellow real estate investor, and today, she joins the show to talk about property management, new construction homes, and the importance of tenant safety. Eileen even shares her own real estate horror story, which occurred shortly after buying her first rental property and renting it out. You’ll hear how a neighbor’s seemingly innocent “crush” quickly escalated into a situation where her new tenant was being stalked, hacked, and harassed!
In this episode, Eileen shares the biggest learning lessons from this unfortunate experience and the MAJOR changes she made to improve tenant safety at her properties—from installing security cameras to providing virtual private networks (VPNs) and much more. But that’s not all! Stick around until the end to learn what it’s like to invest in the fast-growing market of Asheville, North Carolina!
In This Episode We Cover:
How to keep your tenants safe with landlord best practices
Why it’s worth building relationships with your neighbors and tenants
How to find an investor-friendly property manager for your rental properties
The three most important factors for choosing an investing strategy
How to scale your portfolio FAST with new construction homes
The pros and cons of investing in the Asheville, North Carolina market
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Get Tips, Advice, & Support in the BiggerPockets Forums
Real Estate Rookie 203 – The Ultimate Property Management Masterclass
Real Estate Rookie 389 – Rookie Reply: How to Find a Property Manager & Set Up Rentals Out of State
3 Ways to Enhance Rental Property Security
Connect with Eileen:
Eileen's BiggerPockets Profile
(00:00) Intro
(50:00) Eileen’s Investing Portfolio
(05:17) The Asheville Horror Story
(08:23) Stalked, Hacked, & Harassed!
(17:12) Relisting the Property
(20:27) The BEST Security Additions
(27:21) Building a Team & New Construction
(32:02) Investing in Asheville, NC
(35:26) Connect with Eileen!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-397
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62: Rookie Reply: What’s The Best Way to Find a Lender?
61: Digital Nomad with 15 Units in 5 Different Areas with Michael Su
60: Rookie Reply: How Do I Analyze Short-Term Rentals?
59: Rookie First-Time Home Buyer Questions Answered by Scott and Mindy
58: Rookie Reply: Doing The Work Yourself vs. Hiring Out
57: Virtual Assistants, Roach Infestations, and Turnkey Companies with Maria Acosta
56: Rookie Reply: Tips on Owner Financing Then Refinancing Out
55: Combining House Hacking and Live in Flips with Tyler Madden
54: Rookie Reply: The BEST Apps for Real Estate Investors
53: Turning 9-to-5 Burnout into 24 Doors (in a Year and a Half!) with Kristie LeSage
52: Rookie Reply: My Debt-To-Income is Too High to Get Another Property, How Do I Keep Up the Momentum?
51: 18 Deals in 2 Years AND a Full Time Job with Kevin Christensen
50: Rookie Reply: I Have Analysis Paralysis, What Should I Do?
49: Targeting New Builds to Get Around the W-2 Requirements for House Hacking with Andres Bustamante
48: 4 Ways Newbies Can Finance Deals with Richard Kelly
47: 0 to 7 Deals in a Year Using Other People's Money with Andres Bernal
46: How an “I Don’t Want to Invest” Couple Became Successful Long-Distance Landlords with Annie and Trey Johnson
45: On-Air 2021 Goal-Setting and Accountability Plans with Rookie Investors Beth Henson, Jackson Seedott, and Jordan Crockett
44: The Top 10 Real Estate Rookie Questions Answered by Tony and Ashley
43: Defeating 5 Years of Analysis Paralysis to Do 4 Deals in 2020 with Jacqueline Smith
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