Send us a text

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.

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...

Send us a text

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?

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...

Send us a text

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: Residential Rental Property (Pub 527)

👉

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...

Send us a text

 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: [email protected] 

👉 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

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...

Send us a text

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 Mountain Is You Book  This book is about transforming self-

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...

Send us a text

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! 

LINKS

This week, our links can be found HERE.

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...

Send us a text

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 tenant

Creating your operations manuals

Take marketing photos of your unit like a professional

👉 [email protected]

👉 [email protected]

👉 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 bot

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...

Send us a text

This is part 2 of last week’s episode we discuss over 50 questions to ask when you are interviewing a property manager.  If you have not had a chance to listen to part one, STOP.  Listen to Episode 39 before continuing to this one.

In this episode we go over questions that pertain to leases, tenant screening, maintenance and inspections, move-in/move-out procedures, including marketing and renewals! Evictions and tenant communication questions are in there too!

We not only give you the questions to ask, but we also discuss WHY they are important to you as a rental property owner.  This is key because each of you has different aspects of property management that are important to you.  

We made sure to share personal stories of not only how we manage our own properties, but how we manage properties for others and several issues we have found while using a property manager for our out of state property.

A LOT of good stuff in this episode!  

BONUS!  We created a Property Manager Questionnaire of all the questions we suggest you ask so you can just blast it out in an email or use it as a reference if interviewing a property manager in person!  

LINKS

👉 YLR Episode 7: A Guide to Move Out Procedures and Security Deposits

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

👉 YouTube Video:  Troubleshooting a garbage disposal.  We include this link this in our tenant binder and send it to them when they text for help.

👉 Hemlane: A great alternative to using a property manager when you want some involvement in the management process.   FREE 14-day trial!

👉 Read our blog: Tips on Taking Professional Looking Rental Property Photos

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...

Send us a text

Who is better to give you questions to ask a property manager than a professional property manager!

We are discussing over 50 questions (more like 65) to ask when you are interviewing a new property manager to take over your rental properties.

In this episode we go over questions to give you better insight into their personal and business background as a property manager as well as contracts and fee structures.  We also give you questions to learn more about their legal history and the different forms of communication they use.

We not only give you the questions to ask, but we also discuss WHY they are important to you as a rental property owner.  This is key because each of you has different aspects of property management that are important to you.  So now you can decide how much weight to give the question based on its significance to your success.

Not only do we share personal stories of how we manage our own properties, but how we manage properties for others and several issues we have found while using a property manager for our out of state property.

A LOT of good stuff in the episode!  

And don’t you worry!  We have created a questionnaire of all the questions we suggest you ask so you can just blast it out in an email or use it as a reference if interviewing a property manager in person!  

LINKS

👉 PACER (Public Access to Court Electronic Records) to look up if a property management company has been sued or not.

👉 BiggerPockets: FREE accounts have access to unlimited forum posts, free network of investor friendly agents and lenders, and a newsletter.

👉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 our the front page of our podcast page.

👉 Want the podc

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...

Send us a text

In this episode of the Your Landlord Resource podcast, Stacie and Kevin Casella explore the intriguing world of tenant buyouts for rental properties. If you're a self-managing landlord or property owner, this episode is packed with valuable insights that can help you navigate tenant buyouts with confidence.

Discover the essential differences between tenant buyouts and cash for keys, and why it's crucial to understand these distinctions. Learn about the situations where tenant buyouts come into play and why they are becoming more common, especially in rent-controlled areas like California.

Gain insight into the legal aspects of tenant buyouts and the importance of involving a real estate attorney in the process. The hosts delve into the intricacies of negotiating tenant buyouts, including how to determine the right amount to offer and when to pay it.

Listen to real-world examples of when landlords might consider tenant buyouts, from selling a property to making major renovations, and why it's essential to approach these situations with sensitivity and open communication.

Discover how tenant buyouts can be a viable alternative to eviction, potentially saving you time and resources. Whether you're a seasoned landlord or just starting in the rental property business, this episode provides invaluable guidance for dealing with tenant buyouts effectively.

Tune in to the Your Landlord Resource podcast and empower yourself with the knowledge to confidently handle tenant buyouts in the rental property business.

LINKS

👉 Email your questions for our Q&A Episode!

[email protected]

[email protected]

👉 Our FREE 10-Page Guide on Placing Your Ideal Tenant

Learn several of the tips we use to place tenants who pay rent on time, respect your property, and follow the policies you have set.

Our FREE 10-page guide includes:

• Creating Qualifying Standards/Policies
• Understanding Marketing for your unit
• The Application Process
• Performing Background Checks

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...