Listen On:
In this episode, we are digging into five common oversights we see landlords make all the time (plus a few extra ones)—and trust me, they can quietly eat away at your profits if you’re not careful. We’re talking about the kinds of things that seem small but lead to big issues later, like outdated leases, messy tenant files, or treating your rental like a side gig instead of the business it really is.
We’ll walk you through real examples, give you actionable tips you can use right now, and share some of our favorite tools to help you stay on top of it all. If you’re ready to clean up your systems and stop letting things fall through the cracks, this one’s for you.
Let’s tighten things up, protect your investment, and keep your rental business running like the well-oiled machine it should be.
🔍 What You’ll Learn in This Episode:
- How treating your rentals like a hobby instead of a business costs you money
- The importance of record-keeping, financial systems, and digital files
- Why missing lease renewal dates can lead to vacancies or legal risk
- How outdated lease agreements can open you up to legal trouble
- What your tenant files should include—and when to purge or update them
- Tools and services that can help you stay organized and protect your business
- Mid-year tips to keep your business clean, compliant, and profitable
Resources & Links Mentioned in This Episode:
🔗 Listen: Creating Standard Operating Procedures for Your Business (EP6)
🔗 Check out QuickBooks Accounting Software for 30% OFF your first 6 months!
🔗 Join our From Marketing to Move in Course Waitlist
🔗 Download our FREE 10 Page Guide on How to Place Your Ideal Tenant
🔗 Download our Prescreening Questions
🔗 Listen: 3 part Masterclass on Leases: Start with Episode 32
🔗 EZLandlordForms – Get 15% off with code STACIE15
🔗Listen: The Importance of Rental Property Inspections (EP4)
🔗 Listen: Spring Maintenance Checklist for Rental Properties (EP3)
🔗 FREE Download: Spring Maintenance Checklist
🔗 Listen: Fall’s Checklist: Rental Property Maintenance for a Hassle-Free Winter (EP27)
🔗 FREE Download: Fall Maintenance Checklist
🔗 Brushed Nickel Pull Down Faucet with Sprayer
🔗 The best (and FREE) PM software for landlords: TurboTenant
🔗 PM Software that integrates with QuickBooks: Doorloop and Hemlane
Connect with Us:
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✔️Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
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Landlord Insider is a newsletter produced by Your Landlord Resource with rental property tips, landlord specific articles, and podcast links.Read more - Strengthening Policies, Procedures, and Written Communication
Tip of the Week Start the landlord – tenant relationship off on the right foot. When tenants move in, there is stress, chaos, and it's hard for them to find basic necessities. Our small token of appreciation is left on the kitchen counter to greet them and let them know we appreciate them as a tenant. While we include snacks, we also include items we want them to use in the unit. Our welcome basket includes: a blue sponge with a note asking them not to use the green abrasive ones, touch up…Read more
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