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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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162: Rookie Reply: Permitting Problems and Finding Hard Money Lenders
161: Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf
160: Rookie Reply: How to Borrow Money for Down Payments (and Pay it Back!)
159: Building an Out-of-State Empire by Using the Right Type of Real Estate Agent w/ Sarah Weaver
158: Rookie Reply: The Best Career Moves for an Aspiring Real Estate Investor
157: The 4 Keys to Perfect Property Management & Live in Flipping as an Army Man w/ Adam Widder
156: Rookie Reply: What’s The BEST Vacation Rental Loan?
155: Progress Over Perfection: Building Wealth w/o Any "Home Run" Properties w/ Ali Garced
154: Rookie Reply: Is Investing with Family Members a Mistake?
153: 20 Deals in a Year as a Professional Basketball Player w/ Terry Harris
152: Rookie Reply: How to Fund Real Estate Deals (and Scale Bigger!)
151: 28 Units as a Full-Time Surgeon and Escaping the “Golden Handcuffs” w/ Daniel Shin
150: Rookie Reply: Which Rent Numbers Can You Trust When Analyzing a Deal?
149: 55-Unit "Mobile Home Queen" and The Nightmare 17-Month Rehab w/Emily Fackler
148: Rookie Reply: Should You Buy a Rental Before Buying Your Primary?
147: 13 Flips as a Full-Time Flight Mechanic and Part-Time Lender w/ Anthony Michael
146: Rookie Reply: How Tony Robinson Lost His Job (and Found His Freedom)
145: Leaving the 9-5 Office Life to Start a Mother-Daughter Flipping Business
144: Rookie Reply: 6 Short-Term Rental Tips from Tony J. Robinson
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