Ever wondered how to effectively manage your rental properties while sipping margaritas on a tropical beach or serving overseas? Get ready to unlock the secrets of remote property management with Dave Spooner, co-founder of Innago. From handling vacation getaways to military deployments, Dave spills the beans on strategies to successfully self-manage your commercial real estate investments.
Key Takeaways:
- Effective Remote Management Techniques:
- Dave emphasizes the importance of having boots on the ground when you're unable to physically manage your properties.
- He explains how Innago's platform facilitates remote property management by enabling users to give access to trusted individuals, coordinating maintenance, handling tenant inquiries, and more.
- Prioritizing Tenant Experience and Communication:
- Dave highlights the common mistake of landlords neglecting tenant communication and its impact on tenant satisfaction.
- He offers insights into maintaining strong tenant relationships through transparent communication, setting expectations, and even thoughtful gestures like providing cleaning supplies or gift cards.
- Tailoring Management to Specific Scenarios:
- With scenarios ranging from vacation trips to military deployments, Dave explains how Innago adapts to different property management needs.
- He discusses the importance of having a reliable representative on the ground and how Innago's multi-user access feature supports remote management by granting controlled access to designated individuals.
Dave Spooner | Real Estate Background
- Co-founder of Innago
- Portfolio:
- 8 units, two triplexes and a duplex in Cincinnati area
- Based in Cincinnati, OH
- Say hi to him at:
- Best Ever Book: Every Landlord's Tax Deduction Guide by Stephen Fishman
- Greatest Lesson: Learn to delegate, trust that others are even better than you are!
Click here to learn more about our sponsors:
Skip the Waitlist at www.masterworks.art/bestever
This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd. View all past offerings here. When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC’s website at www.sec.gov.
