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Ask HN: Review RentPost.com

rentpost.com

121–130 of 255 posts

Re: Ask HN: Review RentPost.com

#121

Earlier quoted context omitted.

You might not. Its not about not fixing things when they break or keeping the place clean. Those things are legitimate concerns and are taken care of. Its about when a tenant complains because he wants all new appliances because he thinks they use too much electricity. Its about when a tenant wants to get 100$ off his rent every month because he now has a sick uncle living with him. Its about when a tenant wants to h…

" This is not a restaurant. We do not depend on referrals, walkins or other methods. Dont apply the restaurant methodology to owning a building because it doesn't work. In a restaurant, you keep everyone happy so they come back again. Spilled something on you? Free meal. Steak was cold? Come back for half off. Just doesn't work like that in renting." It could work like that if there was Yelp For Landlords.

[deleted]

Re: Ask HN: Review RentPost.com

#122

I own with my father a 30 unit building. With that, let me just address the tagline: "Connect with tenants effortlessly, automate rent with online rent collection, organize work orders, and much more!" - Connect with tenants effortlessly - Not a good thing, Usually leads to excess work orders, more "asks" and petty squabbles about this and that. - Automate rent with online rent collection - Not sure how this is going…

I'm not trying to attack you personally, but your response is typical of the real estate industry, and exactly why there's a hole in the market worth billions. For whatever reason, customer service is almost uniformly bad in the real estate industry. It's so bad, people don't even realize how bad it is, because they've never had anything else to choose from. For example, this kind of attitude makes me really sad: I t…

I see the customer service issues in the real estate industry (especially property management) as being created by two issues (and disclosure: I've worked in real estate for the past 11 years, from the front desk to franchise ops manager to consulting back to the industry):

* High staff turnover * Procedures that suck staff time, instead of supporting them

Being a property manager is, for the most part, an awful job. If you sell real estate, you deal with the owner giving you grief; when you manage a property you have the owner, the tenant, and the suppliers all wanting a piece of your time, and rarely to say thank you. Because you don't need to be a rocket surgeon to work in PM, the pay is low, and most staff are young people looking for something better. When they leave, they take with them most of the corporate memory about the tenant and the property. If you hate your property manager, chances are it's because several times in the past year you've called and been put through to a different person every time.

Lack of procedures is linked to lack of investment in this part of the business (also reflected in low salaries and high staff turnover). Most real estate offices are run by salespeople, current or former. They see one sales commission worth $000s as being infinitely better than one tenancy worth $16 / week. So they don't invest in systems, processes, staff development, or great software. This is the market hole you speak of - but while there's a gap in the market, there may not be a market in the gap...

...EXCEPT that, ironically, a rent roll is traditionally the only asset a real estate business has to sell - without it, you just have a sales team who could go next door and open up tomorrow. PM departments also provide a regular income when sales decrease, which has been the case over the past two years in most of the world affected by the recession / GFC. I don't have enough evidence to support a claim that owners are more willing to invest in their team, particularly property management, as a result of this; but I hope it's the case.

Re: Ask HN: Review RentPost.com

#123

I own with my father a 30 unit building. With that, let me just address the tagline: "Connect with tenants effortlessly, automate rent with online rent collection, organize work orders, and much more!" - Connect with tenants effortlessly - Not a good thing, Usually leads to excess work orders, more "asks" and petty squabbles about this and that. - Automate rent with online rent collection - Not sure how this is going…

You have an option to allow tenants to pay rent with a credit card?!? I am shocked about two things. First, doesn't it hurt you to lose the processing fee off the top? Second, why on earth are tenants still paying with a check when they could pay with a credit card and reap insane rewards points. Getting airline miles for such a large, regular expenditure is a free flight per year (not to mention charging and paying…

We pass the fee along.

Re: Ask HN: Review RentPost.com

#124

I own with my father a 30 unit building. With that, let me just address the tagline: "Connect with tenants effortlessly, automate rent with online rent collection, organize work orders, and much more!" - Connect with tenants effortlessly - Not a good thing, Usually leads to excess work orders, more "asks" and petty squabbles about this and that. - Automate rent with online rent collection - Not sure how this is going…

Having worked, trained and coached property management businesses, I think much of your review is valid - especially the work order elements. It's not about (as some of the other responses say) being a crappy landlord or ignoring a small fix that turns into a ten grand piece of work - many tenants (maybe not you, dear reader, but when you have a rent roll of hundreds or thousands) do make inane requests. These aren't…

You make a good point on the work orders. You have full control over deleting, closing out, changing the priority, etc of them.

Think of work orders as a support request for an online company. You get a lot of junk support requests as well, but you have to have something, and the tools to organize as needed. And this is WAY more efficient than speaking with someone over the phone or in person, or taking emails!

Re: Ask HN: Review RentPost.com

#125
post #92

Earlier quoted context omitted.

Offtopic, but why the hell are people still using cash/check to pay bills in this day and age? What country are you in? Do they not have modern banking?

Banks charge 1-2% as a credit card fee, but no fees for using checks. In my building, they pass the fee along to me (the tenant), so it's in my best interest to pay by check.

This. The only people who pay by CC I think do it for the rewards/points.

Re: Ask HN: Review RentPost.com

#126

Earlier quoted context omitted.

I'm not trying to attack you personally, but your response is typical of the real estate industry, and exactly why there's a hole in the market worth billions. For whatever reason, customer service is almost uniformly bad in the real estate industry. It's so bad, people don't even realize how bad it is, because they've never had anything else to choose from. For example, this kind of attitude makes me really sad: I t…

How did you come off saying that our customer service is bad? Thats a pretty big jump without knowing me or our business. Dont assume that because we dont want to induce more work orders / complaints that we have bad service. What you are saying is "bad" is akin to me asking why sites dont have a "Dissatisfied? Click here for a refund" button on every page. Providing absolute ultimate customer service will cause you…

I think he was trying to say that you should want to help your customers. You should be happy to receive a work order from them because now they are a satisfied tenant that can praise your apartments to their friends who have been trying to get their sink fixed for a month.

My friend is a renter and he has wanted a renters interface like this for years.

Re: Ask HN: Review RentPost.com

#127

Earlier quoted context omitted.

I hate to say it, but most of the descriptions you provide about yourself as a landlord typify why people often dislike them.

Uh, ok. This is a product marketed to land lords, not to tenants. I am giving the opinion for the target. Im sure the same thing could be said about attorneys. Its the way the world works. Tenants like asking for misc bullshit and landlords hate doing them.

Why would you not be able to say no (with appropriate reasons) to "misc bullshit" requests online via Rentpost, versus doing the same on phone/in person?

Also, wouldn't receiving payments online rather than via checks/cash be easier for you, even if you, say, disable the tenant complaints portion of the site?

PS> I am not affiliated to Rentpost in any way, just amused by your dismissing their effort in strong words.

Re: Ask HN: Review RentPost.com

#128
post #81

Earlier quoted context omitted.

that makes me :)

Congrats on the launch! A few people here aren't sold on the concept but that's fine. There are obviously others that are.

Don't mistake constructive criticism for not being sold on the concept.

Re: Ask HN: Review RentPost.com

#129
post #92

I own with my father a 30 unit building. With that, let me just address the tagline: "Connect with tenants effortlessly, automate rent with online rent collection, organize work orders, and much more!" - Connect with tenants effortlessly - Not a good thing, Usually leads to excess work orders, more "asks" and petty squabbles about this and that. - Automate rent with online rent collection - Not sure how this is going…

Offtopic, but why the hell are people still using cash/check to pay bills in this day and age? What country are you in? Do they not have modern banking?

My bank's automatic billing system prints and mails a check in my name to my landlord. So I'm using both modern banking and checks. They are not mutually exclusive.

Re: Ask HN: Review RentPost.com

#130

Earlier quoted context omitted.

I'm not trying to attack you personally, but your response is typical of the real estate industry, and exactly why there's a hole in the market worth billions. For whatever reason, customer service is almost uniformly bad in the real estate industry. It's so bad, people don't even realize how bad it is, because they've never had anything else to choose from. For example, this kind of attitude makes me really sad: I t…

How did you come off saying that our customer service is bad? Thats a pretty big jump without knowing me or our business. Dont assume that because we dont want to induce more work orders / complaints that we have bad service. What you are saying is "bad" is akin to me asking why sites dont have a "Dissatisfied? Click here for a refund" button on every page. Providing absolute ultimate customer service will cause you…

Again, don't take it personally, but I've been doing real estate for the last six years and I've spent tons of time talking to other investors and landlords. I also still rent because the returns in SF for buying are so abysmal. So I've had plenty of exposure to the way the real estate industry works. And the customer service is almost uniformly terrible. I read your statement as saying that you didn't want to make it easier for customers to contact you, because they would just whine and complain about stupid stuff. What makes real estate different than any other industry in this regard? What company with good service is determined to not "make it easier for their customers to complain"?

And there are guys out there doing this right. I've lived in building that had online portals for customers to submit complaints and it didn't seem to be a problem for them. And I've talked to landlords across the country who run extremely efficient operations with low marketing costs, low vacancies, and high rents because they kick ass for their customers.

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