By Creating Confident Landlords One Door at a Time
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The podcast currently has 78 episodes available.
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For landlords who want to operate a profitable rental property portfolio enabling you to grow and scale your portfolio, accurate bookkeeping is essential.
Just like all businesses, you must maintain good records that will enable you to evaluate and understand your property’s performance and your return on investment or ROI.
Listen, we know this is not a sexy topic. But managing your records and finances for your rental property properly can lead to significant tax savings, more rental income, lower expenses, and better profitability.
This episode covers why consistent bookkeeping is so important, what metrics to track, creating a budget, and tips on setting up your ledger accounts.
And in true fashion, we had so much to say that next week we will continue this conversation and discuss the accounting software that is available to rental property owners and self-managing landlords.
LINKS
👉 EP51: The Hidden Dangers of Using Cash Apps to Collect Rent
👉 EP28: The Cash Reserves Blueprint: Protecting & Expanding Your Portfolio
👉 Episode 77: Adding Value to Your Rental Property for Appeal and Profitability
👉 Episode 45: Basic Tax Strategies for Real Estate Investors
👉 Episode 46: Advanced Tax Strategies for Your Real Estate Portfolio
👉 Episode 7: A Guide to Move Out Procedures and Security Deposits
👉 Episode 35: How Small Gestures Make a Big Difference with Tenants
👉WealthFront: Earn 5% on a no strings cash account.
👉 Email us for an additional ½% bonus (3 months).
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👉 Email us your questions!
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👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
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Ever seen the term "added value" when searching for rental properties to purchase? Usually this implies the purchase price may be reduced because there are improvements that can and should be made to make the property more profitable. Sometimes its physical updates, sometimes it's an opportunity for new owners to apply their own strategy and knowledge
In this episode, we are discussing what to focus on to add this value to your properties, not only for your own business strategy, but also so you can receive top dollar when you sell.
Specifically, we are talking about improvements you can make to the exterior, interior, and with your business strategy to make a big difference to your tenants and ultimately, your bottom line and profitability.
LINKS
👉 Episode 18: 7 Ways to Increase Profit for Your Rental Property
👉 Solar Path Lighting
👉Fake Security Camera’s
👉 Charbroil Electric Grill
👉 LED Retrofit Recessed Trims
👉 Replace Your Deadbolt With a Quickset Halo Smart Entry Keypad
👉 EP51: The Hidden Dangers of Using Cash Apps to Collect Rent
👉 Landlord Management Software: TurboTenant
👉 EP28: The Cash Reserves Blueprint: Protecting & Expanding Your Portfolio
👉 EP39: 50+ Must Ask Questions When Hiring a Property Manager, Pt 1
👉 EP40: 50+ Must Ask Questions When Hiring a Property Manager, Pt 2
👉 Product: Property Manager Questionnaire for $9.99. Email it to them or use it as a guide when interviewing them in person. Over 60 Questions!
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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.
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In this episode of Your Landlord Resource, we dive into one of the most critical issues facing self-managing landlords today: tenant fraud. With the rental market becoming increasingly competitive, scammers are finding new ways to deceive landlords, leaving property owners vulnerable to financial loss and legal headaches.
We break down the most common types of tenant fraud, from falsified income documents to identity theft, and share practical tips on how to spot these red flags early. You'll learn about the importance of thorough tenant screening processes, how to verify the authenticity of documents, and the critical questions you should be asking during the application process.
As a landlord, protecting your property and investment is vital. This episode provides you with the tools and knowledge needed to safeguard your rental business from fraudulent tenants. Whether you're new to property management or a seasoned pro, the insights shared in this discussion will help you stay ahead of potential scams and maintain a professional and secure operation.
LINKS
👉 Episode 49: Analyzing Credit Reports for Tenant Selection
👉 Our Preferred Tenant Screening Software: Tenant Alert:
👉 Episode 61: Fair Housing and Emotional Support Animals (ESA’s)
👉 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
👉 The Accounting Software we use: QuickBooks
👉 The Best Newbie Landlord Management Software: TurboTenant
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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.
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So, we all know that cash flow and appreciation are two things’ investors are concerned with when buying rental properties.
Once you find a property, what EXACTLY should you be evaluating with regards to the neighborhood and the property itself before making an offer?
We are sharing our due diligence for the neighborhood to see if it’s a good fit for our strategy and checks all the boxes as well as the steps we take to do an initial inspection of the structural integrity of the property itself.
This week we are going over the process we are taking to break down all of the things we consider before we will even make an offer on a new investment property.
LINKS
👉 EP74: We Have $250K to Invest, What & Where Are We Considering?
👉 EP44: Deck and Balcony Safety Beyond California SB-721
👉 FBI Crime Data Explorer
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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.
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Have you ever wanted to know what investors consider before buying a rental property? Now is your chance to listen as we discuss the factors behind our decision to invest $250,000 in our next rental.
From what kind of property to all the different locations throughout the US where we are considering investing, we are here today to lay it all out there.
We are discussing why we like specific locations as well as our strategy for this next long-term purchase.
LINKS
👉 EP16: Is Holding Your Rental Properties in an LLC Right for You?
👉 EP56: How and When to Transfer Your Rental Property Into an LLC
👉 EP12: Our Experience With a 1031 Exchange, Would We Do It Again?
👉 Email us for the link to WealthFront Online Bank to open an online account at 5% interest with a .05% bonus!
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👉 Create a FREE account at BiggerPockets to access landlord forums. Pro Accounts have access to their property evaluation calculator.
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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!
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The statistics on how many seniors, aged 65+, are renters is staggering. And those numbers are only getting larger as time goes on.
You might think that senior aged tenants are not really your market, but as time goes on, we bet you’ll be seeing a much higher number of this demographic as applicants.
This episode is all you need to know about what protections they have, what amenities they are looking for, and all the odds and ends landlords need to know about having this age group as tenants.
LINKS
👉 EP61: Fair Housing and Emotional Support Animals (ESA’s)
👉 Free Harvard University PDF: Housing America’s Older Adults
👉 Course on Seniors & Fair Housing: The Fair Housing Institute
Use CODE: YLR2024 for 15% off any course!
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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!
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Hoarding goes beyond common house clutter. It is a mental disorder that millions of people cope with and when it comes to hoarder tenants it is important to know they have legal rights we have to abide by.
In this episode, we are defining hoarding and discussing the health and safety issues that can arise from it. We have personal examples from our property management experiences as well as events noted from emergency services where hoarding has seriously hindered their ability to do their job.
As hoarders are legally protected, we go into to detail about the Fair Housing law and the steps landlords should take if you discover a hoarding tenant in one of your rentals.
Hoarder tenants and their legal rights are a very important subject to know about. Give this episode a listen to learn how you can protect yourself and your rental property business.
LINKS
👉 EP29: Part 1, Rental Property Fire Safety Essentials
👉 Purchase our Periodic Inspection Checklist
👉 Hoarders 911: 5 Stages of Hoarding
👉 Sign up for a FREE Turbo Tenant account, get access to their Fair Housing Course for $29
👉 Take Fair Housing Courses at the Fair Housing Institute
Use our Discount Code for 15% OFF: YLR 2024
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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!
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Send us a text
Occasionally, we like to do a landlord Q&A episode because we get a lot of questions from our listeners and followers that are important for all of us rental property owners to know about.
This week on the podcast we are answering several follow up questions that came up about renters’ insurance. Specifically, can landlords pay for a policy on behalf of the tenant, can landlords REQUIRE tenants hold renter’s insurance, and how do we handle if the tenant takes out a renter’s insurance policy and then cancels it a few months after moving in?
Another question was about what’s better in a rental, gas or electric appliances. And before you go off on how electric is best, listen to what we have to say about tenants’ opinions on gas operated ones.
We were also asked about what mistakes we have made and how we corrected them. That was fun to rehash some pretty major errors in judgement! But we do have really solid solutions on how to overcome and avoid some of those mistakes made.
With the warm weather, landlords are getting asked permission to have a kiddie pool at their rentals. We have some really important points to consider before just saying yes or no to this request.
Lastly, we were asked about the importance of understanding Fair Housing laws as a self-managing landlord. So, we addressed this quickly and confidently, offering very easy solutions on how to handle it.
LINKS
👉 EP67: Renters Insurance: Why Landlords Should Require It
👉 EP29: Part 1, Rental Property Fire Safety Essentials
👉 EP30: Part 2, Rental Property Fire Safety Essentials
👉 Purchase our Periodic Inspection Checklist
👉 Take Courses at the Fair Housing Institute
Use our Discount Code for 15% OFF: YLR 2024
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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!
👉 Join our ...
Send us a text
We’ve all seen the videos on social media. A landlord or developer shows up to their vacant investment property to find someone has moved in and is claiming they have the right to be there.
Last week we discussed what squatting and adverse possession are and how it can affect your rental property.
This week we are talking about what to do if a squatter moves into your rental and how to protect yourself from it even happening in the first place.
Worried this might happen to you? Give this episode a listen to see how you can reduce that risk!
LINKS
👉 Episode 69: Part One: What Exactly is Squatting and Should You Be Worried About It?
👉 NOLO: State by State Rules on Adverse Possession
👉 FREE 10-Page Guide: How to Place Your Ideal Tenant
👉 Episode 49: Analyzing Credit Reports for Tenant Selection
👉 Grab our FREE Landlord Verification Form: The template we use to ask the previous landlords of our applicants all we want to know.
👉 Ring Alarm System: Indoor Security Monitoring
👉 Ring Security Camera: Stickup Camera with Indoor/Outdoor Two-way Talk, Color, Night Vision
👉 Episode 20: Part One: The Nuts and Bolts of Residential Property Insurance
👉 Episode 38: Avoid Evictions with Tenant Buyouts
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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!
👉 Join our ...
Send us a text
This is a hot topic in many areas right now!
From property lot lines to someone actually gaining entry to your property and living there, many real estate investors have to be very careful about what you buy, how you manage the land and the structure, and protecting your vacant property.
In this episode we are talking about the law behind squatting, also known as adverse possession. We will discuss the history behind it, where it has gone wrong, and what some states are now rushing to do and correct the problem.
This is a two-part podcast episode. This week is all about what it is and how it can affect your rental property. Next week we will discuss what to do if a squatter moves into your rental and how to protect yourself from it even happening in the first place.
LINKS
👉 Episode 68: An Interview with Self Managing Landlord, Dan Borrero
👉 NOLO: State by State Rules on Adverse Possession
👉 Text Us a Question! Include your email for a response. This text system is one way only.
👉 Email us your questions!
[email protected]
[email protected]
👉 Access all our FREE Downloads (Forms and Docs)
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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!
👉 Join our ...
The podcast currently has 78 episodes available.
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