Nice review! closing on my second property next month and wanted to find something like this to keep everything nice and neat... Setting up an account with avail now. Thanks!
As a landlord, I'm leery about accepting rent through online methods. They could pay only a small portion of the rent and you have no way of rejecting it. Trying to evict them when they're only paying partial rent can drag out the eviction process.
Not sure I understand - if they don't pay full rent, there's a penalty that the tenant incurs. I would not be rejecting any payment of any amount, but short of it is, they would be breaching the contract terms. Eviction process and timeline depends on the state.
@@RichardWalls I spoke with one of their technical support representatives not too long ago and asked them about it and they said their developers are working on a potential app but they couldn't confirm or deny officially lol. So well see
Thank you for the overall description of the product … I would suggest that the audience would benefit from a step by step tutorial of the various features of the site 🙂
This is a spot on video...we work as a team with real estate, basically Gan has his license and has a background with managing properties throughout residency and Mo is a real estate investor, so we teamed up, to eliminate the middle man and take advantage of the real estate investing full circle! Great video and channel! We talk about real estate investing and producing a great source of passive income!
🙌🙌🙌 QUESTION & TIME STAMPS: What questions do you have about Avail.co property management software? Do you use a different platform, and if so, what do you think of it? ⏱️Timestamps⏱️ 0:00 Intro 1:17 Quick Background on my Real Estate Investing 2:30 Searching for the Right Property Management Platform 3:25 Avail.co Overview 4:30 Listing & Advertising Your Property 5:33 Prospective Tenant Screening Features 6:32 Rental Agreement / Lease Customization 8:30 Tenant Autopay Feature 9:35 Maintenance Requests 10:18 Pricing Options - FREE or Paid 11:05 Why I Chose the Paid Version 14:05 Articles & Guides 14:20 Excellent Customer Support
Thank you for this well made video. I had some concerns about the platform, some mentioned below especially about payments but I think after watching these are things that can be worked around. I would actually be 6 mo+ for my unit so it should also add to the elimination of some of the problems.
Hey Richard- I just found your video (super late) are you still using this program? Do you still think this program still as valuable as you expressed in this video?
Loved it! Another great video with awesome content. Love your videos! Keep spreading positivity and impacting other peoples lives my friend. Keep up your amazing hard work! :)
is the rent payment (ACH) a set it and forget it. Or the Tenant has to set it to pay automatically/manually? Other options like Clearnow, you set it and it draws it from the tenant, and if they change/block it, you will get notified. Is it the same?
You're able to pull reports (line items of all payments in this case) into an Excel spreadsheet to download, and then use in whatever other software you might have. That's all I've needed when it comes to getting to the right numbers for profit/loss.
Thanks for watching! Avail can automatically *charge* the tenant, but doesn't collect automatically. If it could, then the tenant would've likely have set up ACH auto-withdraw through their bank and they wouldn't be late on rent in the first place since those rent withdraws happen automatically. 😀
How does this company make money with so many features? Also what are the ACH fee with free plan. I was not able to find this information on their website.
No ACH fees that I'm aware of. They make money on the paid plans. Free plans, while great, have a handful of inconvenient restrictions, and for the relatively low price of the paid plans, it's just easiest to go that route.
What are the software's built-in accounting features like? Does it offer a chart of accounts and custom reporting at all? Curious because that's a big thing for me and I saw these features on a DoorLoop demo. Wanted to explore other options before committing.
Hi Andy - no fees on when rent gets processed and wired to your bank. However, if you want the "FastPay" option, which just means the money gets transferred to your bank account in 1 day instead of 3, that requires the paid subscription.
Can you just use this website to collect rent (already have a lease in place through my realtor but he doesn't manage the property)? Also, what if your tenants are roommates, can the rent be split, or multiple people who are on the lease pay rent separately?
Yes you can collect rent using a previously established rental agreement. If you are renting rooms just set your property in the website as an apartment even if it’s a single family home and set the rooms your roommates are renting as unit a, unit b, unit c… and so on
Hi Ken - depends on what resources you're referring to. The lease agreements typically contain clauses in there that outline penalties and terms around eviction. If you're looking for how to handle that situation if it escalates, then you can refer to some of the articles that Avail posts, but ultimately you'd need to consult an attorney if you're wanting to start the eviction process.
I guess I should have been more specific. Ii was looking for (state specific) procedure. ie. pay or quit notice, or other templates. Thanks for responding. I have muddled my way through a lot of hard lessons. This year I hired a management company for one of my units after an extensive remodel. Not working out well at all. I get twice as many 5 am calls from my manager than I ever did from tenants. I still end up scheduling all the maintenance. $5 a month seems like a good deal to me. Tenant screening has been my downfall. Thanks again.
Hi Tony - the platform provides its own rental agreement template, that, according to them, is verified by a lawyer with consideration of each state's laws and regulations. I'll then make some minor adjustments as needed to that template to adjust rental price, pet fees, deposit, and other stipulations I might want to include.
Hi Lester - it depends on the plan you get. The Unlimited Plus plan (as of the time of this comment) gives you Next-Day rent payments. This is the plan I have and usually goes through quickly once the tenant auto drafts the payment.
@@RichardWalls This is really the only problem I have with Avail. Tenant makes payment it takes 3 business days until they pull the money from his account and then another 3 business days until money lands in my account. So for February they made payment on the 6th. 3 days later is the 9th then they don't count business days so no deposit scheduled until Feb 14th - ELEVEN DAYS from when they initiated payment. Why are they sitting on our money so long?
Update: I've been on Avail for over 6 months an apparently about 2 months ago they did make a change to allow FAST Pay if you already pay the $5 per month fee. You have to press the fast pay button though. They can't do it automatically for some reasons. Will see how it goes next month. Thanks
@@RichardWalls Still good vid tho! Signed up and have both tenants paying with Avail this month.. easiest way to get funds to business checking account since you can’t use Zelle. Also has credit boosts option to help tenants prep to buy. Avail 9.3/10 from me
BEWARE! The RentRedi interface is not secure!! My landlord account was hacked only to learn that RentRedi allowed my bank information to be changed three times within a week without notifying me. Rents were collected in full, redirected and sent to a stranger. Ryan and Ed Barone have gone silent and have stopped communicating. I urge all users to evaluate your risks associated with this flimsy interface and use another system.
Nice review! closing on my second property next month and wanted to find something like this to keep everything nice and neat... Setting up an account with avail now. Thanks!
Awesome - good luck!!
As a landlord, I'm leery about accepting rent through online methods. They could pay only a small portion of the rent and you have no way of rejecting it. Trying to evict them when they're only paying partial rent can drag out the eviction process.
Not sure I understand - if they don't pay full rent, there's a penalty that the tenant incurs. I would not be rejecting any payment of any amount, but short of it is, they would be breaching the contract terms. Eviction process and timeline depends on the state.
Maybe this platform has an option to not accepting partial payment. I know rentredi has
@@emmanuelsurf It does
Love avail and have used it for my first rental, biggest gripe is no apple or android app!
Yea, a bit of a shortcoming there.
@@RichardWalls I spoke with one of their technical support representatives not too long ago and asked them about it and they said their developers are working on a potential app but they couldn't confirm or deny officially lol. So well see
Thank you for the overall description of the product … I would suggest that the audience would benefit from a step by step tutorial of the various features of the site 🙂
This is a spot on video...we work as a team with real estate, basically Gan has his license and has a background with managing properties throughout residency and Mo is a real estate investor, so we teamed up, to eliminate the middle man and take advantage of the real estate investing full circle!
Great video and channel! We talk about real estate investing and producing a great source of passive income!
Thanks!
Very informative.. I did a 1.5x playback speed and felt even better :)
Glad to hear it!
Thanks for the 1.5x suggestion. Helped a lot
200IQ move
I needed to go 1.5 as well!
🙌🙌🙌 QUESTION & TIME STAMPS: What questions do you have about Avail.co property management software? Do you use a different platform, and if so, what do you think of it?
⏱️Timestamps⏱️
0:00 Intro
1:17 Quick Background on my Real Estate Investing
2:30 Searching for the Right Property Management Platform
3:25 Avail.co Overview
4:30 Listing & Advertising Your Property
5:33 Prospective Tenant Screening Features
6:32 Rental Agreement / Lease Customization
8:30 Tenant Autopay Feature
9:35 Maintenance Requests
10:18 Pricing Options - FREE or Paid
11:05 Why I Chose the Paid Version
14:05 Articles & Guides
14:20 Excellent Customer Support
Thank you for this well made video. I had some concerns about the platform, some mentioned below especially about payments but I think after watching these are things that can be worked around. I would actually be 6 mo+ for my unit so it should also add to the elimination of some of the problems.
Everything was well explained. This is definitely an engaging and healthy discussion. Until the next one.
Thanks Angelique!
i saw your comment on Cathrin Mannings video and decided to come by your channel. Liking your channel! #awesomecontent 💪🏻
Awesome - thanks for the support!
Hey Richard- I just found your video (super late) are you still using this program? Do you still think this program still as valuable as you expressed in this video?
Loved it!
Another great video with awesome content. Love your videos! Keep spreading positivity and impacting other peoples lives my friend. Keep up your amazing hard work! :)
Thank you sir!
Very interesting, thanks for sharing! This video came at a great time as I'm considering entering the RE market soon as well!
Thanks! Yea, it can be a bit of work upfront, but if you do your due diligence on the front end, it can be relatively smooth sailing. 😀
Very interesting - I have to look into this - thanks for sharing!
Definitely!
Great informative video! Thank you
Thanks Sheree - glad you liked it!
is the rent payment (ACH) a set it and forget it. Or the Tenant has to set it to pay automatically/manually? Other options like Clearnow, you set it and it draws it from the tenant, and if they change/block it, you will get notified.
Is it the same?
Hi - yes, its set it and forget it. Pretty convenient!
Nice review, please refrain from saying Rea-la-tor. It's Real-tor.
YES! This bugged me every time it was said.
Thanks for this. I should check out that program.
Sure thing!
Thank you for the video. Is there any accounting features that you cam keep track of income and expenses and create statements during tax time?
You're able to pull reports (line items of all payments in this case) into an Excel spreadsheet to download, and then use in whatever other software you might have. That's all I've needed when it comes to getting to the right numbers for profit/loss.
Seems like a pretty good platform, great review Richard 👍
Thanks Jose!
can you do a rental application? and does the lease created also capture state specific requirements?
Hi AZ - yes, you can. It's one of the biggest reasons I went w/ Avail. And leases do contain state specific reqs / documents for tenants to sign.
great video!
does it collect late fees and penalties automatically?
Thanks for watching! Avail can automatically *charge* the tenant, but doesn't collect automatically. If it could, then the tenant would've likely have set up ACH auto-withdraw through their bank and they wouldn't be late on rent in the first place since those rent withdraws happen automatically. 😀
Hey Richard, do you plan on creating that comparison video anytime soon? Great video, appreciate the review!
Are tenants able to pay with both credit card and a separate debit card for one transaction??
Used your referral code thanks for the great review
QUESTION???? Can you use this in another country like tenants pay you while your living in another country
How does this company make money with so many features? Also what are the ACH fee with free plan. I was not able to find this information on their website.
No ACH fees that I'm aware of. They make money on the paid plans. Free plans, while great, have a handful of inconvenient restrictions, and for the relatively low price of the paid plans, it's just easiest to go that route.
Awesome video!
Thanks!
What are the software's built-in accounting features like? Does it offer a chart of accounts and custom reporting at all? Curious because that's a big thing for me and I saw these features on a DoorLoop demo. Wanted to explore other options before committing.
Hi - haven't needed to leverage much apart from downloading an income report and exporting to Excel. Can't speak to that in much detail, apologies!
This was a good video
Thanks, Mo!
In regards to custom leases,are you able to upload a custom lease document?
Yes
Are there fees for transferring funds to bank accounts?
Hi Andy - no fees on when rent gets processed and wired to your bank. However, if you want the "FastPay" option, which just means the money gets transferred to your bank account in 1 day instead of 3, that requires the paid subscription.
@@RichardWalls thank you! I just made an account because of your video!!! 👏🏼
Does this platform have pre screening questions?
Yes - that is provided. You can also customize the questions if you'd like, but you get a standard template with questions on there already.
Can you just use this website to collect rent (already have a lease in place through my realtor but he doesn't manage the property)?
Also, what if your tenants are roommates, can the rent be split, or multiple people who are on the lease pay rent separately?
Yes you can collect rent using a previously established rental agreement. If you are renting rooms just set your property in the website as an apartment even if it’s a single family home and set the rooms your roommates are renting as unit a, unit b, unit c… and so on
Do they have resources for late payment and eviction process?
Hi Ken - depends on what resources you're referring to. The lease agreements typically contain clauses in there that outline penalties and terms around eviction. If you're looking for how to handle that situation if it escalates, then you can refer to some of the articles that Avail posts, but ultimately you'd need to consult an attorney if you're wanting to start the eviction process.
I guess I should have been more specific. Ii was looking for (state specific) procedure. ie. pay or quit notice, or other templates. Thanks for responding. I have muddled my way through a lot of hard lessons. This year I hired a management company for one of my units after an extensive remodel. Not working out well at all. I get twice as many 5 am calls from my manager than I ever did from tenants. I still end up scheduling all the maintenance. $5 a month seems like a good deal to me. Tenant screening has been my downfall.
Thanks again.
Is this actually a reliable website? I want rent first time as a tenant, my parents pay cash though
Hi - yes, it is reliable. Have been using it for about 2 years at this point.
do you pay a lawyer to write your lease or you have other way ?
Hi Tony - the platform provides its own rental agreement template, that, according to them, is verified by a lawyer with consideration of each state's laws and regulations. I'll then make some minor adjustments as needed to that template to adjust rental price, pet fees, deposit, and other stipulations I might want to include.
Cozy is good but no app. Does Avail have one?
Hi Richard - not sure, actually. Though I wouldn't really have a need for an app unless I was managing many properties.
The tenants prefer the app.
397 Your new pal. Honoured you. Your turn, now. 🙂❤👍🏻
How long does the tenant's payment take to be deposited to my account?
Hi Lester - it depends on the plan you get. The Unlimited Plus plan (as of the time of this comment) gives you Next-Day rent payments. This is the plan I have and usually goes through quickly once the tenant auto drafts the payment.
@@RichardWalls This is really the only problem I have with Avail. Tenant makes payment it takes 3 business days until they pull the money from his account and then another 3 business days until money lands in my account. So for February they made payment on the 6th. 3 days later is the 9th then they don't count business days so no deposit scheduled until Feb 14th - ELEVEN DAYS from when they initiated payment. Why are they sitting on our money so long?
Update: I've been on Avail for over 6 months an apparently about 2 months ago they did make a change to allow FAST Pay if you already pay the $5 per month fee. You have to press the fast pay button though. They can't do it automatically for some reasons. Will see how it goes next month. Thanks
does it allow for e-signature?
you answered that later in the video
Yep - e signature makes it very convenient!
Real-uh-tor. Why..? Real-tor
😬 hah! Never even realized I said it that way!
Try Playback speed 1.5x .. thank me later ;)
Hah - I've been recommending that as well. Apparently I speak too slow. 😆
@@RichardWalls Still good vid tho! Signed up and have both tenants paying with Avail this month.. easiest way to get funds to business checking account since you can’t use Zelle. Also has credit boosts option to help tenants prep to buy. Avail 9.3/10 from me
@@RichardWallsnot at all!! English is my 3rd language and I highly appreciate people that speak at a slower pace 😉
BEWARE! The RentRedi interface is not secure!! My landlord account was hacked only to learn that RentRedi allowed my bank information to be changed three times within a week without notifying me. Rents were collected in full, redirected and sent to a stranger. Ryan and Ed Barone have gone silent and have stopped communicating. I urge all users to evaluate your risks associated with this flimsy interface and use another system.
this is a review for Avail. is RentRedi related?
Because landlords are shopping around comparing related programs, so yes. @@nguye1971
All lied. Avail is a horrible management company
Thank you, Prasad!
Why you say that??
Wow bullshit
Paid ad
I wish! 😆
Just go to their website... all this video does is walk you through what is already on the companies website waste of time in my opinion.
yet here you are. I would rather here it from an unbiased youtuber than from the company themself how great they are.
Nice! Use your referral link to Avail
Great - thanks Sean!
Thank you for the information! I would like to use your referral code . What is your email address ?