Your Landlord Resource Podcast

Send us a Text Message.We know this sounds crazy, but if you really pay attention to how often you pick up your phone, you’d be amazed.They are called smart phones for a reason.  They are compact and easy to carry for a reason.  They have amazing cameras and video and apps to use for a reason.  So, are you using your phone for all its capabilities?  In this episode we break down all the tasks we use our mobile phones for when operating our rental property business.We know we should not be as dependent on this little electronic device as we are, but it sure does make managing our rental properties so much more efficient!LINKS👉 Set up a FREE Account with TurboTenant Landlord Software👉 Hemlane Landlord Software👉 FREE Email Template: How to Help Tenants Cope Through a Heat Wave👉 Episode 9: Helping Tenants Cope Through a Heatwave👉 Blog: Tips for Taking Great Rental Property Photos👉 Photography Tools: Smart Phone Tripod, Gimbal (Stabilizer for Videos), Matterport (3D Virtual Tour/360 Degree View)👉 YouTube Video: How to Clear a Jammed Garbage Disposal👉 Create a QR Code: QR Code Generator👉 Our Favorite Accounting Software: QuickBooks 👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.There is nothing worse than showing up to one of your units and seeing damage.  Well, the only thing that might be worse is a tenant who believes they are not responsible for that damage and is calling it standard wear and tear.We are using our personal stories to show you how we have combated this problem with our own properties and giving you some tips on how to set yourself AND your tenant up for success so that, hopefully, you won’t have to be bothered with this issue.Give this episode a listen and learn how you can avoid this potential problem with your rental properties. LINKS👉 Episode 7: A Guide to Move Out Procedures and Security Deposits👉 PDF: HUD Appendix 5C, TENANT DAMAGE versus “NORMAL WEAR AND TEAR”  👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.So, the one thing that everyone needs to realize is that how we own and operate OUR rental property business may differ from YOUR way of doing things.  I know, crazy, right?The thing is that the kind of rental that you prefer, be it single family home or large multifamily complexes and the location of those, be it out of state or right in your backyard, and the condition of those, be it run down with a ton of added value or with everything in place so all you have to do is step in and run it…all makes a huge difference on what your expenses will be.HOWEVER, there are a bunch of expenses that some landlords, us included, might forget to consider when evaluating a new property or maybe even when making a change to an existing one.Those hidden expenses are what this episode is all about. Give it a listen to learn what you might have to prepare for.LINKS👉 Episode 20: Part 1: The Nuts and Bolts of Residential Rental Property Insurance👉 Episode 21: Rental Property Insurance Part 2, Interview with Ryan Bravo👉 Episode 28: The Cash Reserves Blueprint: Protecting & Expanding Your Portfolio👉 Episode 39: 50+ Must Ask Questions When Hiring a Property Manager, Part 1👉 Episode 40: 50+ Must Ask Questions When Hiring a Property Manager, Part 2👉 Purchase our 14-page Property Management Questionnaire to use when interviewing or vetting a new property manager.👉 Your Landlord Resource: All of our Free Downloads (Email Templates, Guides, PDF’s)👉 NOLO Legal Forms: Make your business an LLC 👉 Wool Dryer Balls (Tenant Gift) 👉 PDF for the cardstock note we left with the dryer ball gift.👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.On this episode, we are interviewing Sarah King an investor and self-managing landlord.She’s here to motivate and inspire you with her stories of triumph as well as hard times and how she nearly lost everything but did not let that setback hinder her goal of owning multiple rental properties.Sarah also discusses that at some point or another, everyone will deal with some sort of problem in their rental property that is caused by water.  Whether it be a water leak, or old pipes, clogged pipes, frozen pipes, or pipes installed incorrectly, you will find yourself scratching your head about issues with water and water damage.She has rebuilt her portfolio to include short term, midterm, and long-term rentals along with a few flips here and there.  She has built a great team to support her directly with her rentals as well as developed a network of friends to keep her motivated through all the good and bad that owning and operating rentals throws at you.LINKS👉 Episode 14: The Importance of a Rental Property Maintenance Team👉 Episode 15: Developing Your Office Operations and Business Team👉 Sarah’s book recommendation: The Simple Path to Wealth 👉 Follow Sarah on Instagram👉 Sign up for Sarah’s Equity Partnership and Private Money Interest List👉 FREE Download! Sarah’s Private Money Lender Pitch Deck👉 Sarah loves Bigger Pockets! Sign up for a FREE account👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.So, way back we did an episode discussing the pros and cons of whether holding your rental property in an LLC is right for you or not.  Well, we had a lot of requests asking us to talk about the actual process of transferring your rental property into an LLC and now here we are discussing it.It may seem like a very cut and dry concept, and for the most part it is, but there is quite a bit to know about the process before you take the steps to make that transfer.  Things like, will your mortgage lender allow it? What if my rental was purchased with a 1031 exchange that was titled in my personal name? What forms do we need to use? Or how will the process affect getting loans on future properties?We are using personal stories of our transfers to help you get a clear understanding of why we did or did not choose to transfer our rentals to an LLC.  Plus, we tried our best to keep it as simple as possible so you can have a clear understanding of what transferring your real estate investments into an LLC entails.LINKS👉 Episode 16: Is Holding Your Rental In An LLC Right For You?👉 NOLO Legal Forms: Make your business an LLCStructuring your business as an LLC can bring important advantages: It lets you limit your personal liability for business debts and simplify your taxes. Here, you’ll find the key legal forms you need to create a single-member or multi-member LLC in your state, including: LLC articles of organization, operating agreement for member-managed LLC, operating agreement for manager-managed LLC, LLC reservation of name letter, and minutes of meeting form.Form Your Own Limited Liability Company has easy-to-understand instructions, including how to create an operating agreement that covers how profits and losses are divided and major business decisions are made. You’ll also learn how to choose a unique LLC name that meets state legal requirements and how to take care of ongoing legal and tax paperwork.  Launch Your LLC Today!👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.We are diving deep into maintenance this week.You see, maintenance is not only on your rental property, but it can also be in the office as well.This week on the podcast we are discussing all things preventative maintenance from inspections, to being proactive and dealing with issues before they become much worse.Also included in maintenance is maintaining good records and guiding your tenant on how they can help keep your unit in good condition.It’s all about how best to set yourself as a landlord and your tenants up for success!LINKS👉 Periodic Inspection Checklist: Use Code: YLRPOD25 for 25% OFF!👉 Episode 54: How to Handle Lease Violations Like A Pro👉 The Fair Housing Institute: Use Code: YLR2024 for 15% off any course.👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.Ohhhh, the dreaded lease violation.  First your stomach drops because you have something unpleasant to deal with, and then you get kind of angry because you actually have to deal with it and why can’t your tenant just do everything right?Every single landlord will have to deal with lease violations at some point, there is just no way around it.  However, you certainly can lower your chances of them happening with just a few tweaks to your rental property business strategy.This week on the podcast, we are discussing your lease, inspections, and ways to handle the most common lease violations we encounter.It’s not so bad once you realize you’ve held the power all along.LINKS👉 Episode 32: Our Lease and Addendum Breakdown, A 3-Part Masterclass👉 Episode 33: Our Lease and Addendum Breakdown Part 2👉 Episode 34: Our Lease and Addendum Breakdown Part 3👉 Periodic Inspection Checklist: Use Code: YLRPOD25 for 25% OFF!👉 EZ Landlord Forms:✔️State Specific Leases✔️ 400 Forms to make your landlord-tenant relationship top notch! ✔️ 200 FREE forms for those not ready to purchase.✔️ 4.8 Rating with over 5000 Reviews!✔️ Pro Members get access to ALL leases and forms for $12 per month OR $75 if you purchase the annual membership.✔️ YOU CAN BUY LIFETIME FORMS for $399!USE CODE 𝐒𝐓𝐀𝐂𝐈𝐄𝟏𝟓 to get 15% OFF ALL first-time purchases, EVEN THE ANNUAL or LIFETIME FORMS!Check out EZ Landlord Forms today!👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.This episode is all about rent control and how it affects landlords. Where we get and understand the premise behind rent control, the issues that landlords must deal with while navigating the laws around rent control can be problematic.There are several states with cities that already have rent control ordinances, and two states with statewide rent control.  Not to mention more cities and states considering adding laws or ordinances regarding rent control on the horizon.For landlords, rent control makes it difficult to keep up with maintenance and repairs.  And for tenants, rent control is only helpful if they stay in the same rental for years on end.  Because once they move, they’re paying market rates to landlords who are working to recoup lost income from their previous tenant.Bottom line, rent control has been found that it’s not all cracked up as it appears to be.Want to know what you should be prepared for in case it comes to the town of your rental property?  Lots of good stuff in there for ALL landlords, regardless of whether your rental is in a rent-controlled area or not.Check out this week’s podcast where we are discussing what it is, who it benefits, the challenges landlords face, and how to work around them.LINKS👉 Episode 38: Avoid Evictions with Tenant Buyouts That Work👉  EZ Landlord Forms:✔️State Specific Leases✔️ 400 Forms to make your landlord-tenant relationship top notch! ✔️ 200 FREE forms for those not ready to purchase.✔️ 4.8 Rating with over 5000 Reviews!✔️ Pro Members get access to ALL leases and forms for $12 per month OR $75 if you purchase the annual membership.✔️ YOU CAN BUY LIFETIME FORMS for $399!USE CODE 𝐒𝐓𝐀𝐂𝐈𝐄𝟏𝟓 to get 15% OFF ALL first-time purchases, EVEN THE ANNUAL or LIFETIME FORMS!Check out EZ Landlord Forms Today!👉 Episode 7: 7 Ways to Increase Profit for Your Rental Property👉 Course Waitlist:  From Marketing to Move I👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.Working on real estate investments is challenging enough but what if you are operating a business of owning and managing rental properties with your spouse or life partner?This episode covers so much from tips on what not to do and tips on how to do this work better.And let’s face it, much of this information is common sense and many of us already know it…but we may not be doing it.We polled our favorite husband and wife real estate investment teams and got their take and best advice on what it takes to work with your significant other and they did not disappoint!So, whether you are already married and investing with your spouse or you hope to do so one day, this is a great episode to listen to. LINKS👉 Basic Tax Strategies, Episode 45👉 Advanced Tax Strategies, Episode 46👉 Link to our Place Your Ideal Tenant course waitlist👉 Amanda Han Forbes Article: 5 Real Estate Investing Tips for Married Couples👉 Amanda Han Book: Advanced Tax Strategies👉 Connect on Instagram with the REI couples who contributed to this episode:Casey Franchini, Brick by Brick WealthAheli & Gabriel, The Hungry InvestorsDanielle Dickens, Fit to Invest_DaniAnam & Amir, The Hash’s InvestHerb Honore, Honore EmpireErik & Gelerie Stenbakken, Winning with REIKier & Todd Vogt, Real Estate KierKamohai & Tristen Kalama, Hawaii Real Estate InvestorsAmanda Han & Matt McFarl👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.Accepting physical checks for payment is becoming a thing of the past.  Many landlords looking to replace this method without increasing expenses have considered using cash apps such as Zelle, Venmo, or Paypal.  However, where these apps make receiving rent very cost effective and convenient, they are risky.  In this episode we are discussing these risks and why landlords should NOT accept cash apps for rent payments.Of course, we do advise you on what the better options are for you to operate a secure, professional rental property business. LINKS👉 Rent Reporters: According to TransUnion, 70% of tenants are more likely to pay rent on time if their payments are being reported to the credit bureaus.👉QuickBooks Online Accounting Software We use QuickBooks daily in our rental property business!Take advantage of 30% off your first 6 months of QuickBooks Online using our exclusive Business Affiliate link.👉 TurboTenant: Is a great option for landlords with just a few doors or for those who may be new to using rental property software.  👉 DoorLoop: Founded by property managers and landlords who wanted to save time, make more money, and grow their portfolio’s.👉 Hemlane The software that is built to grow with your needs as a landlord. 👉 Avail: A great alternative when searching for a rental property management software.  Use this link to receive a $50 credit towards your fees!👉 BiggerPockets: Pro members get the use of RentRedi landlords software for FREE.👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast!  👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.You know the phrase happy wife, happy life?  Well, we couldn’t think of something snappy like that, but the same concept rings true for landlords and tenants.  Keep your tenants happy and your experience as a landlord will be much easier and enjoyable.This podcast episode is all about concepts and things you can do to enhance your tenants experience while living in your rental property.We discuss communication, maintenance, gifts, upgrades, offering amenities, and technology.You’d be amazed at what implementing just a few of these concepts can do to boost the landlord tenant relationship! LINKS:👉 Heatwave email: This is the email we send to our tenants at the beginning of the summer to supply them with tips on handling hot weather and heat waves.👉 Hemlane a software that is built to grow with your needs as a landlord. For a minimal amount, there's a really good basic package but what we love is the option to upgrade and add 24/7 maintenance management on.  It gets better!  If you reach a place where you are ready to hand off management to a property manager, Hemlane has that too under their “Complete” option.👉 TurboTenant: A great option for landlords.  Perfect for those with just a few doors or for those who may be new to using rental property software.  👉 DoorLoop has easy rent collection, top tier organization and support, and scalable portfolio growth.👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.The process of vetting a prospective tenant is likely one of the most important tasks a landlord has.Think about it.  The person you place to live in your unit needs to have personal and financial characteristics that meet your rental criteria.For us that means they need to have two positive referrals from previous landlords, a credit score of 725 or above, and net income that is at least 2.5 times the rental amount. But that’s just our qualifiers.Because income is such an important part of the investigation process for this prospective tenant, we spend a lot of time looking at their credit report.Sure, it’s likely that if they have our required score they will qualify, but we look deeper into the report to look at debt and if after paying that debt, will they have enough money to still pay rent to us?In this episode we discuss what we look for when reading someone’s credit report, because it’s a whole lot more than that one little FICO score.  LINKS👉 Rent Reporters: According to TransUnion, 70% of tenants are more likely to pay rent on time if their payments are being reported to the credit bureaus.👉 TenantAlert: They provide the ONLY instant tenant screening service with LeaseGuarantee. The credit screening company with options AND guarantees.👉 Tenant Alert PDF👉 TurboTenant: Is a great option for landlords with just a few doors or for those who may be new to using rental property software.  For the most part, TurboTenant’s software is free to use so they are perfect for landlords on a tight budget.👉 FTC Tips for Landlords: Using Consumer Reports, What Landlords Need to Know.👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.Retirement is a subject that used to be synonymous with Medicare, but those days are long gone.  As we are close to retirement (in age and financial position), we thought you would like to know the things we considered and implemented when creating our own retirement plan.Now, we hear of people retiring in their early 50’s, 40’s, and even some are really tightening their financial belt and retiring in their 30’s.  Where this takes focus and dedication, there is something we can all learn from the methodology these early retirees use.In this episode, we are discussing:·       The concept of FIRE (Financial Independence, Retire Early) and the variety of ways to achieve it.·       Things to consider before retiring.·       Budgeting for your retirement.·       How much rental property income is needed to retire.·       What to invest in if you haven’t bought a property yet.We do our best to roll through all this information concisely but check out the links below for additional resources to help with your retirement planning.LINKS:👉 Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence.👉 Podcast Episode 45: Basic Tax Strategies👉 Podcast Episode 46: Advanced Tax Strategies👉 Microsoft Excel: Microsoft for Small Business ($6/month)👉 YNAB(You Need A Budget):  Simplify spending and saving, once and for all. Organize your finances (and your life!) with a free trial of YNAB.👉 Retire Early with Real Estate by Chad Carson👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.Where it is not every rental property investors dream to quit their traditional 9-5 job and work at self-managing their units, it is a consideration for many landlords we know.Some desire FIRE (Financial Independence from Real Estate) where they don’t have many management tasks to take on, some are willing to swap their full-time gig for working to manage their rentals instead.The desire is freedom.  Freedom from reporting to someone else, somewhere else, for a defined time of at least 40 hours during the week.Freedom to get up in the morning and go to the gym, travel, spend more time with family, and the freedom to develop, scale, and grow their real estate investments so that they and their family can enjoy a comfortable life financially.But how easy is this to obtain?  What are the things that need to be considered before making a life changing move like this?This is what we are discussing this week so tune on in if you think this is a subject you want to learn more about. LINKS👉 Episode 45: Basic Tax Strategies for Rental Property Owners👉 Episode 46: Advanced Tax Strategies for Rental Property Owners👉 QuickBooks Accounting Software. 30% OFF your first 6 months.👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.Last week we went over all the basic tax deductions that rental property owners can take.  And believe me, many of you are missing out on some of those expense deductions that have REALLY GOOD advantages.This week we are digging a little deeper and discussing more advanced tax strategies that take a little time to consider and put in place.  Like the tax benefits of holding your rentals in a legal entity, creative ways to use funds you already have to buy rental properties tax free or tax deferred, the ins and outs of cost segregation, and how if you can qualify as a real estate professional, you should!If you know us, we are not just tossing out info to say you should, we are telling you why they are important to your growth as a real estate investor and how to implement these tax advantages to scale your portfolio of rental properties. LINKS👉 QuickBooks Accounting Software. 30% OFF your first 6 months.👉 NOLO: Do it yourself legal guide to create your LLC👉 Advanced Tax Strategies For Real Estate Book, by Amanda Han and Matthew MacFarland.👉 Episode 16: Is Holding Your Rental in An LLC Right For You?👉 Episode 12: Our Experience With A 1031 Exchange, Would We Do It Again?👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.If you’re like most real estate investors, tax season likely produces sweaty palms, an intimidating “to do” list, and an overwhelming sense of dread. It doesn’t have to be this way.  This is why we are discussing basic tax strategies early in the year so you can make the adjustments needed and do a little upfront work to self-educate on the “best practices” for tax strategy for rental property owners (which is why you’re here).We are discussing valuable tax strategies you can implement now to minimize your 2024 tax bill—and maximize your annual revenue, making tax season actually enjoyable. After all, who doesn’t like found money?From common everyday expenses to travel, home office, vehicles, and depreciation, we are going over all you need to know to maximize your deductions and have unexpected funds to use towards your next rental property.LINKS👉 QuickBooks Accounting Software. 30% OFF your first 6 months.👉 Advanced Tax Strategies For Real Estate Book, by Amanda Han and Matthew MacFarland.👉 12 Month Expanding File Folder (Accordion File)👉 BiggerPockets: Real Estate Investor Community Forum👉 EZ Landlord Forms✔️State Specific Leases✔️ 400 Forms to make your landlord-tenant relationship top notch! ✔️ 200 FREE forms for those not ready to purchase.✔️ 4.8 Rating with over 5000 Reviews!✔️ Pro Members get access to ALL leases and forms for $12 per month OR $75 if you purchase the annual membership.✔️ YOU CAN BUY LIFETIME FORMS for $399!USE CODE 𝐒𝐓𝐀𝐂𝐈𝐄𝟏𝟓 to get 15% OFF ALL first-time purchases, EVEN THE ANNUAL or LIFETIME FORMS!👉 IRS: Tips on Rental Real Estate Income, Deductions, and Recordkeeping 👉 IRS: Travel, Gifts, and Car Expenses (Pub 463) 👉 IRS: Re👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message. So, you know how there’s laws in most states now pertaining to the health and safety of rental properties using smoke detectors, dealing with mold, about lead based paint, and how to handle tenants with bed bugs?Several years ago, California passed a law, SB-721 which basically said rental property owners of certain sized properties had to have their decks and balconies inspected and remedied by 2025 and then within every 5 years thereafter.This was in response to a deadly balcony collapse with several other instances across the state severely injuring people just hanging out to have a good time.The point is, many other states have also experienced deaths and serious injuries from decks and balconies that collapsed since California has passed this law.  Now, those states are now following suit to force landlords to repair dry rotted or damaged decks or balconies.And this my friends is the subject of this week’s podcast.You may think it doesn’t apply to you but at some point, it will.It’s risk management at its best!Listen to what we have to say about the law pertaining to deck and balcony inspections regardless of what state your rental property is in. LINKS👉 Apartment Maintenance Guide, Deck and Balcony Inspections👉 Get your California Deck and Balcony inspection: Let Dan Cronk know that Your Landlord Resource referred you! Phone:  (916) 238-0618 Email: DAN@DECKANDBALCONYINSPECTIONS.COM 👉 California Senate Bill 721: Building Standards, Decks and Balcony Inspection👉 SB-326: Condominium Complex Health and Safety Code for Decks and Balcony’s👉 San Francisco Housing Code 604👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.Every new year we all want to focus on some level of change.  Maybe it’s to lose weight, read more books, be more active, or grow your business.Hey, we are right there with most of these people!  But over the years we have learned various ways that work well for us and it’s not by creating overzealous and rarely achievable resolutions.In this episode we are connecting some real-life habits that have helped us in our personal lives which have automatically transferred over to boost our professional focuses as well.We use common examples for each of the tactics and how they can help landlords achieve organization, strategy, confidence, and growth in their rental property business.Here is a quick summary of what we discuss:We talk about intentions and how small actionable steps can help you realistically reach goals you have set for yourself, either personally or professionally.Then we discuss how decision-making and the choices you make affect the way you achieve those goals.  But also, those choices are necessary and if the results don’t work out as planned, you have to adapt and pivot by using those results as a guide on what to or not to do.  The conversation then goes into learning to be flexible, being organized and ways to create more time so you can work on your goals.Maybe you need to hear this, maybe you’re doing ok but can use a refresher, regardless, we are here to walk you through ways to make 2024 a good one!LINKS👉 Weekly Planner: 50 Pages, one for each week of the month that has a master To Do list and 6 lined sections for every day of the week and the weekend.👉 Instacart: Receive $30 off your first order!👉 Hemlane is a software that is built to grow with your needs as a landlord. 👉 TurboTenant is a great option for landlords with just a few doors or for those who may be new to using rental property software. 👉 The Mo👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.First, we would love to thank all of you who submitted questions via email.  We received many and selected the ones we knew we could answer in about 5 minutes or so.  Please feel free to send us a question to be asked in a future episode!  Our emails are in the “LINKS” section below.This episode includes questions from 5 listeners.  One is a two-part question, so we actually are answering 6 questions in total that cover the subjects of:·        Rent discounts for seniors and single moms, are they protected from Fair Housing or can another tenant claim agism/unfair treatment when not receiving a discount too?·        How to properly save cash reserves if you are discounting rents for individuals?·        Operating manuals and criteria, how to handle if there are multiple properties involved?·        Old school landlords who take checks vs ones who use landlord software, is it too late?·        What is the most important thing to focus on in the business as a landlord?·        Tips on working with rental properties together with your spouse? Apparently, we make it look easy! 😅This was a fun episode with several subject matters to cover!  LINKSThis week, our links can be found HERE.👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...

Send us a Text Message.This week on the podcast we are taking a step back from the educational focus of the Your Landlord Resource podcast and getting a little bit personal.We have A LOT going on right now, personally, and professionally, so we thought maybe we would share what’s going on!We are in the process of selling our last single family home rental which will grant us capital to buy the next multifamily.  So, we will talk all about that process and the alternatives we have to make a decision on.In our Sacramento complex, we are pivoting and converting one of our studio apartments from a long-term rental into a mid-term rental.  So, we will discuss how that process is going.  We will also talk about a potential remodel to a unit that is much needed as well as some other upgrades we are doing to enhance our tenant’s experience.Your Landlord Resource has been our main focus for the last year so we will tell you about our plans coming up with that little side hustle we got going.And don’t fret, we have some personal projects coming up that we will bring you in on as well!Our lives are CRAZY busy with a lot of comings and goings so grab a seat and come hang with us while we fill you in on what makes up our lives!LINKS👉 Kwikset Halo Smart Lock: Wi-Fi enabled (no hub required), you can use the Kwikset app to remotely lock and unlock, share guest access, view activity history, and create up to 250 codes.  We purchased it with the Halifax Interior/Exterior Passage Doorknob.👉 Kwikset Re-key Set: This SmartKey system has been a lifesaver at unit turnovers and will continue to be so, even with the Kwikset Keyless entry systems!👉 Email us your thoughts! Should we create a course about:How to place your ideal tenantCreating your operations manualsTake marketing photos of your unit like a professional👉 Stacie@yourlandlordresource.com👉 Kevin@yourlandlordresource.com👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast!  On 👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 👉 Help other DIY landlords discover what we have to say… Please leave us a review of our podcast! On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”. On Spotify, please click the 5.0⭐ on the front page of our podcast page. 👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly! Check out a sample of Landlord Weekly! ▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro's ▪️ Podcast Links 👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords. 👉 Follow us on Instagram 👉 Like us on ...