Philip Bottfeld is a landlord down in Miami, Florida that purchases condos in 55 and over communities. In this podcast he shares what he has learned about managing rentals in his niche demographic.
Intro – Phil Bottfeld
1:46 – Difference in renting to 55+ compared to 20 somethings
2:40 – Maintenance calls
5:20 – Support phone calls
6:40 – Using warranties to cover the condos
8:40 – Issues with neighbors not getting along
10:10 – How do you advertise 55 and over rentals?
12:20 – Understand financing, ability to rent, and HOA fees
16:00 – Look into community reserves
17:30 – Emotional support animals?
20:00 – Screening criteria for 55+?
22:00 – Verifying income
24:05 – Wrapping up
You can connect with Phil, Steve, or Eric in RentPrep For Landlords on Facebook.
You can also connect with Phil on LinkedIn