Business
In episode 15 of the Profitable Powerhouse Properties Podcast, your hosts Jonathan Cook and Bryan Jenkins interview Phil Owen and Mark Ennis, CEO and Director of Operations at Onsight Pros. Phil and Mark discuss Onsight Pros’ model, what to look out for in property inspections, and more. Episode Highlights: Onsight Pros is a third party property condition reporting company that does move-in, move-out, and periodic reports on properties. The company serves as a neutral party between property managers/landlords and tenants. A move-in report establishes a baseline for the condition of the property to use to compare against move-out reports. Onsight Pros does not make a judgment about the conditions of the property; a decision about whether it’s normal wear and tear or tenant damage is left to the landlord. One of the biggest property condition issues to be aware of is the presence of pets. Onsight Pros doesn’t just test the battery of a smoke detector, but they simulate a real smoke emergency to make sure detector sensors are functioning properly. Onsight Pros conducts business in 20 cities in 10 states. Move-in reports document every square foot of the property whether it’s damaged or not. Onsight Pros can make repairs to things like smoke detectors, air filters, etc. when they’re there for an additional charge, invoiced to the management company. 3 Key Points: It’s important for Onsight Pros to remain a neutral party in documenting every detail of a property’s condition. Leaving the property uninspected for the entire duration of a lease leaves room for tenants to behave badly and cause more damage than if there is a stated expectation that there will be periodic reports. You need to document every inch of a property to establish an effective baseline for its condition. Tweetable Quotes: “We teach our folks to tell the story of the property. So if there are a lot of nail holes in the wall, we have to be able to tell that story. We want the property manager and owner to be able to understand. So it’s not an overview, it’s going to be 4 or 5 pictures.” –Mark Ennis “How in the world that HVAC lasted 8 years like that I don’t know—but those are the things that can cost you a lot of unnecessary money that you can prevent by being on the property every 6 months.” – Resources Mentioned: Check out our website ahiproperties.com Check out Birmingham Insurance Group online or call them at (205) 616-1107 Buy, sell, and own investment properties the way the pros do it with www.roofstock.com Email Jonathan and Bryan at Podcast@AHIProperties.com Onsight Pros website: https://www.onsightpros.com/