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First and foremost, let us clarify that this is not YOUR landlord property insurance.  Renters insurance is taken out by the tenant to cover their personal possessions.

A few years ago, we only "suggested"  that our tenants take out a policy, but we now REQUIRE it from all tenants because it covers way more than just the tenant’s personal property.

In this episode we are discussing what renters’ insurance is, why you should make it mandatory for all tenants to have a policy, and how their policy (at no cost to you), also covers you.

LINKS

👉 Episode 20: The Nuts and Bolts of Residential Rental Property Insurance

👉 Episode 21: Rental Property Insurance Part 2, Interview with Ryan Bravo

👉 Your Landlord Resource has teamed up with ​Toggle​, a division of Farmers Insurance that offers competitive pricing of renters insurance for tenants. 

Policies start as low as $5 a month! 

Download this PDF to present to your tenants with your renters insurance request! ​​​Toggle Renters Insurance Flier.pdf

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When it comes to business, ANY business, the name of the game is to be constantly evaluating where you are and where you could be.

Besides the fact that our expenses have increased significantly across the board for all of our properties, we are in a growth mode and are looking to earn as much as we can to continue to scale our portfolio.

This is not us being greedy or money hungry landlords.  We do not impose unfair fees on our tenants or charge for amenities that should be included with the rent.  This is a business strategy where we analyze and evaluate what we can do to increase revenue in our prime location properties.

In this episode we discuss why we decided to swap a long-term leased unit in our 6-plex for a midterm option.  We give all the details of why we switched, what that change entailed, and what we have learned in the process.

LINKS

👉 Episode 63: What You Need to Know About Owning Rental Property in an HOA

👉 Turbo Tenant

A landlords one stop shop for tenant management…for FREE

You can’t beat free and the only time you pay is if you want to purchase a lease or have expedited rent deposits. Most everything else costs zip, zero, zilch.

Up for a FREE Account at Turbo Tenant

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Lighting fireworks and throwing summer BBQs are an American tradition!  We all want our tenants to enjoy themselves while living in our rentals, but we also want them to be safe.

This is why we have put together several 4th of July and summer safety tips for you to share with your tenants.

From fireworks and grilling to pool time and parties, we are giving you all the information to create a gentle email recapping dos and don’ts before the fun kicks off.   Not to mention how to remain safe while celebrating all summer long.

BONUS!  We have created a FREE PDF download of 4th of July safety tips to share with your tenants!

LINKS

👉 OOPS! We thought we had already completed the podcast for Why Landlords Should Require Renters Insurance, but apparently, we had not.  Check out our blog Why Landlords Should Require Renters Insurance for Tenants instead.

👉 Pool Rules Sign 

👉 Water Spigot Lock (Can Style)

👉 Faucet Lock (Brass)

👉 FREE PDF BONUS: 4th of July/Summer Safety Tips 

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👆Click HERE for our FREE Landlord Forms and Doc’s

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No matter what the situation is, be it a nice vacation, medical leave, or having to care for someone else, we have all been there.

But when you are a DIY landlord, how do you take an extended period of time off and leave your rentals?

This episode is several tips on ways to take that time away without worry.

From learning about the importance of timing the leave to the different means of replacing yourself, we are covering the methods that have served us and many landlords we know very well when taking time away from our rental property portfolio.

LINKS

👉 Hemlane Landlord Software

Hemlane is 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.

👉 QR Code Generator

Don't know how to create a QR code? Go to the free site, ​QR Code Generator​, and input the link to the pdf or online site for any webpage. Download a JPG  of the QR code and input into a Word Doc to share with your tenant.

👉 Choice Home Warranty

Never Pay for Covered Home Repairs Again. 

Choice Home Warranty is the most comprehensive, flexible, and value-priced on the market. 

Get local pre-screened technicians, if we can't fix it, we'll place it, and receive 24/7 home warranty service. 

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So, a few years ago we bought a 4-plex that was located within the confines of an HOA or Homeowners Association.

And the numbers worked, so that was great, 

And we were told that they handle a lot of the landscaping and care for the parking and deal with all the trash again, which was great.

But we made a crucial mistake and did not thoroughly read the bylaws, which is all on us. There was one item in there that made a really big difference on how well this new purchase would play out.

So, this week on the podcast, we are talking all about what it means to own a rental property within an HOA.

There are several pros and cons to Homeowners Associations.  Some aspects can be fantastic when owning a rental governed by them and others can really affect the value of your rental and the ability to rent it.

LINKS

👉 Episode 44: Deck and Balcony Safety Beyond California SB-721

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So, this subject might seem obvious to those landlords who are a bit more established but for those newbies out there, this one’s for you!

House rules are your regulations and guidelines that need to be noted within your lease to protect you and your tenants by establishing clear expectations between all parties involved.

Because believe it or not, tenants do need these guidelines to ensure a peaceful living environment and experience for themselves and any other tenants in the property.

And we wholeheartedly agree that house rules define the expectations you have for your tenants when it comes to responsibility, respect, and behavior.

Essentially, you are creating boundaries to minimize any issues or disagreements that may arise down the line.

For us, many of the rules we are talking about today are a bit obvious. However, for many of you, your own rules likely will arise from errors in judgement or prior lack of detail that led you to a place of frustration.

So, check out what we feel is important to know about house rules and see if you need to make any changes to your own!

LINKS

👉 Episode 61: Fair Housing and Emotional Support Animals (ESA’s)

👉 Our Pet Policy: Contact to Learn More. Let them know you heard about them from Your Landlord Resource!

👉 EZ Landlord

✔️State Specific Leases

✔️ 400 Forms to make your landlord-tenant relationship top notch! 

✔️ 200 FREE forms for those not ready to purchase.

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✔️ Pro Members get access to ALL leases and forms for $12 per month OR $75 if you purchase the annual membership.

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USE CODE 𝐒𝐓𝐀𝐂𝐈𝐄𝟏𝟓 to get 15% OFF ALL first-time purchases, EVEN THE ANNUAL or LIFETIME FORMS!

Check out EZ Landlord Forms today!

👉 Email Us a Question!

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When it comes to rental properties and animals, there are a lot of things to consider. You (for now) have the right to refuse pets, but you do not have the right to ever refuse a service animal.

We will say that, for the most part, we do not allow pets in our units.  So, when an applicant or an existing tenant comes to us with a request for a service animal, we are not thrilled to say the least. 

And we are not concerned with service animals in the traditional sense, you know, the ones who guide the visually impaired or the ones who walk alongside someone in a wheelchair and help open doors and pick dropped items off the ground.  Those animals are very highly trained and are certified and registered assistant animals.

Today we are discussing ESA’s or emotional service animals that now have rights through the Department of Housing and Urban Development under Federal Fair Housing laws.  In many cases (not all), these ESA’s are glorified pets.  There is no training, there is no certification.  The doctors who authorize these pets very rarely even meet the pet to see how it interacts with the patient and observe if it is a good fit.

When it comes to these service animals in rental properties, there are many questions that come to mind like, will it damage our units? And then, if it’s a dog, will it cause a commotion and disturb the other tenants? What are WE going to have to do to make this accommodation request amicable? Do we have any rights in the matter of allowing these service animals?

These are all things and so much more that we are discussing in our episode today.  So, grab a coffee and give it a listen while we go over what you need to do if you are faced with this request.

LINKS

👉 ESA Laws by State

👉 Episode 36: ESA Insights and Pet Rules, an Interview with Logan Miller of Our Pet Policy

👉 Our Pet Policy: Contact to Learn More. Let them know you heard about them from Your Landlord Resource!

👉 Email us Your Questions!  

[email protected]

[email protected]

Connect with Us:

🌎 Visit our website

📧 Subscribe to our newsletter.

👆Click HERE for our FREE Landlord Forms and Doc’s

🤳Text Us: 650-489-4447. We love questions and love letters!

📩Email us at: [email protected], [email protected]

➡️ Review the Podcast on Apple or on Spotify or YouTube

✔️Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant

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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 

Connect with Us:

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👆Click HERE for our FREE Landlord Forms and Doc’s

🤳Text Us: 650-489-4447. We love questions and love letters!

📩Email us at: [email protected], [email protected]

➡️ Review the Podcast on Apple or on Spotify or YouTube

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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”  

Connect with Us:

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📩Email us at: [email protected], [email protected]

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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.

Connect with Us:

🌎 Visit our website

📧 Subscribe to our newsletter.

👆Click HERE for our FREE Landlord Forms and Doc’s

🤳Text Us: 650-489-4447. We love questions and love letters!

📩Email us at: [email protected], [email protected]

➡️ Review the Podcast on Apple or on Spotify or YouTube

✔️Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant

📱 Follow us on Instagram, Facebook, & join our priv...