Redneck Concierge - Guided Checklist

Instructions are on the last page to best guide you through this checklist.

Redneck Concierge 1 Find a home for rent, meet the investor - offer to rent with just one stipulation. Get permission to sublease the space. Relationships and trust can take a little time, educate on why their property is in great hands, being managed by you. Notes. 2 For those financially stable enough to invest. The goal is to not pay more taxes in most cases. Unlawful behaviour is not a business model. But offering cash payment monthly can give them the wiggle room to justify taking a chance on you. Notes. 3 For the amount of time upfront, get the investor to agree to at least give the first month free of charge to make this work for you with setup, furniture, initial investment. Notes. 4 While managing the property small fixes are fine but agree with the investor that anything over 100$ for replacement or repair will need to be covered by the owner. You have the leverage, the NEW Fridge comes off of next month's rent. Notes 2 www.ScottsWrite.com

Redneck Concierge 5 If you are starting at 0$, don’t fret. Your costs, furniture etc. can be taken from your initial deposits of last month's rent or damage depending on the laws in your Province, State or Country. Keep a running tally to see where you break even. Notes 6 Utilities, Hydro, Water, Gas can remain in the owner’s name. But if you can set those up, you will become indispensable to your Real Estate Partner. Set them up or agree to pay at the end of the month. Notes 7 The Internet is one necessity you must get. A solid connection will be a key contributor to a happy house. Most furnished common areas are just for show. From experience, most reside in their rooms and awake to visit the kitchen only. Notes 8 No daily renters, Yes Airbnb short-term rentals are profitable. But being beholden to a platform is never easy. The biggest downside is the time commitment. Check-ins all the time, pristine cleaning leaves constant daily tasks and complaints. Notes 3 www.ScottsWrite.com

Redneck Concierge 9 Grass and Snow. Hiring a credible company can be great, but will eat into your profits. If you are in-different cities it can work well. If the understanding is set for each tenant to have a weekly responsibility to keep in good, clean working order. Notes 10 Small incidentals. Mower, Garbage and Recycling Bins, Key Cutting, Salt, Shovel, Light Bulbs and a small myriad of things come up sparingly. Also to supply a Microwave, toaster, blender and tea kettle. Offering organized countertops. Notes 11 A lot of the problems are negated by renting-by-the-room. Security, Forgotten keys to enter, deliveries, stove left on? Not relying on one tenant's rent, flexible to access the property as you like with Sub-Lease. Notes 12 Knowing the property is gold, house hacking is a good way to start. Have a presence in a room or office/garage to see the bones of the house initially to see all its quirks. This is important as random issues can be fixed over the phone. Notes 4 www.ScottsWrite.com

Redneck Concierge 13 Let me talk you out of providing anything in the bedrooms. The first and frequent breaks and replacements have always been in the bedroom. Sheets, mattresses, wear and tear on frames. We’ve needed to replace these the most. Notes 14 What if they don't pay rent? Negated with multiple rents due. Pandemic, job loss? If they’re good tenants, want to stay, use last month's deposit. If they can pay the next month just get them to pay back over the next 4-6 mths. Math skills needed. Notes. 15 Choose your property model carefully. Maximize bedrooms, washrooms and parking. Having each in full supply will gain great comforts for tenants, divert issues and increase room values. Notes 16 Sublease to tenants or alike in your area. Gaining more rights to enter, enjoy a spare space i.e. garage, office or more. The lease is in your name and you are renting rooms to each person. Notes 5 www.ScottsWrite.com

Redneck Concierge 17 Schedule viewings weekly and bunched up at one time, like an open house. Waiting for broken appointments is frustrating and time-consuming. Competition for the best room and at a good price will get apps going to your inbox the very next day. Notes 18 Appliances tested and run through to negate any obvious issues upon tenant move-in days. Plan out spaces, shelves and storage. Organized to start each tenant off clean, organized and on the same page as for the house rules. Notes 19 The type of tenant to shoot for. Young Professionals… fresh off of college days and ready to work. Co-ed is actually a great way to keep an understanding. Depending on washrooms works well. All Nationalities are welcome also. Notes 20 Furniture purchased second-hand for common areas. Think, low-end luxury. Take amazing pictures after you stage. Clean rooms will get you a massive response. Dining table, chairs, a couple of comfortable seats, loveseat or tv with-stand. Notes 6 www.ScottsWrite.com

Redneck Concierge 21 Negotiate with the Investor that NO last month's rent is charged as this will be the last time they have to rent this property! If you fail with this task it is sunk money just hurting you in the beginning. Check local laws for tenants & notices. Notes 22 Setup for part-time work and then rooms, tenants are set and profiting monthly with little upkeep. Easy going is great, be stern and take time fixing requests or some tenants will ring you night and day. Set the tone early here to help, not friends. Notes 23 Parking, Food, Fridges, Cupboards, Laundry… a lot has to be negotiated and worked out between tenants. Best to set an expectation and keep things simple and lead them into falling in line. Notes 7 www.ScottsWrite.com

Redneck Concierge 24 Be open to shorter terms like 4+ months. Keep a tenant because they want to be there, not because they have a lease. Offer all-inclusive to gain higher rents. Utilities, Internet, Laundry, small appliances and Parking - Property Depending. Notes 25 Signing your lease with the investor can lock you in. 1, 2, 3 years to start is always a good idea. It is a lot easier to get out of a lease than signing a tenant beyond your term. Every six months converse with the owner to gage goals and mindset. Notes 26 Tenants will leave. If they and when they do it should be because they are now coupled up, expanding their family, would like more space and to live on their own. One bad tenant can spoil the vibe of a home. Heed the warning. Notes 8 www.ScottsWrite.com

Redneck Concierge Instructions on how best to use this checklist. Task by task, Notes taken and able to come back whenever needed. While placed sequentially from One to Twenty-Six. Feel free to skim, skip and Go through the Tasks. Sometimes time-sensitive or different circumstances may arise, limiting the effectiveness of one or two tasks. Gain momentum, do what comes naturally and progress. You will see two empty check-boxes along the right-hand side of each task. For our purposes, the first is a clean check to show it has been completed and the second can be used for multiple purposes, we use it to identify who has in fact completed the task. If working in a team or for your records as a solo task-master. Notes are beneath each task and can be left blank or typed/written as needed for future reminders, date completed or instructions for a team member. This Checklist can be printed Copyright is with Scott’s Write and express-written consent must be granted if needed to use any part of this document and its originally created ideas. For small businesses, freelancers, content creators… please get in contact for any private label commercial offerings. Especially if being used for awareness, lead capture and profiting off of. If you notice anything out of order, has it changed after publishing and information that has just simply changed? Please reach out to us for clarity, future updates to change and more… Bonus For this to work the Average monthly returns - are you living Math Tip free. Good is netting a profit of at least 100$ per bedroom. Great is increasing rents as rooms turnover & gaining 200$+ per room. A nice 5000$ to 10000$ R.O.I. yearly net income. Notes 9 www.ScottsWrite.com