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You know how when you see investment properties for sale, sometimes you’ll see the term added value? Usually this implies the purchase price may be at a reduced rate because there are improvements that can and should be made to make the property more profitable.
Added value also means there is an opportunity for new rental property owners to apply their own business strategy and knowledge that may have been lacking from the previous owner.
In this podcast episode, we are discussing what to focus on to add this value to your properties, not only for your own business strategy, but also in case you ever plan to sell your rental property and want to receive top dollar.
Specifically, we are talking about improvements you can make to the exterior, interior, and behind the scenes with your business strategy that could 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
👉 The Solar Path Lighting We Use
👉 Fake Security Camera’s, Available in Black or White, 2-Pack or 4-Pack
👉 Perfect for Rentals: Charbroil Electric Grill
👉 LED Retrofit Recessed Trims by Feit Electric
👉 Replace Your Deadbolt With a Quickset Halo Smart Entry Keypad
👉 EP51: The Hidden Dangers of Using Cash Apps to Collect Rent
👉 The Best Newbie 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! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
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▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
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*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
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👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Create a FREE account at BiggerPockets to access landlord forums. Pro Accounts have access to their property evaluation calculator.
👉 Text Us a Question! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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 have your landlord questions and answers, and we start with 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.
Enjoy this quick episode of landlord questions and answers!
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! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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If you have not heard of Dan Borrero, owner of USA Land Ventures, this is your chance to learn from one of the best in the business.
Since 1989 this investor started his journey as a self-managing landlord and, at one time, had over 300 units he and his team managed! As retirement is creeping up, he has made some changes and is beginning the process of reducing his portfolio to manage, which is now down to just around a hundred doors or so.
We are talking entrepreneurship, building a team, risk management, and so much more! Dan is a wealth of knowledge not only for rental properties and investing, but also with his outlook on life. He really knows how to put things in perspective, and we sincerely enjoyed the hour we were able to spend with him during this interview.
LINKS
👉 Episode 20: The Nuts and Bolts of Residential Rental Property Insurance
👉 Episode 21: Rental Property Insurance Part 2, Interview with Ryan Bravo
👉 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
👉 Episode 16: Is Holding Your Rental Properties in an LLC Right for You?
👉 Episode 56: How and When to Transfer Your Rental Property Into an LLC
👉 Connect with Dan:
Email: DanielBorreroJr@gmail.com
Website: https://USALandVentures.com/
Instagram: https://www.instagram.com/usa_land_ventures/
YouTube: https://www.youtube.com/@USALandVentures/
👉 Text Us a Question! This is a one way text system only. If you want us to respond, you must include your email on the text.
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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
👉 Text Us a Question!
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
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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
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.
Sign up for a FREE Account at Turbo Tenant
👉 Text Us a Question!
👉 Email us Your Questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Download our FREE Forms and Documents!
👉 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.
👉 Join our Private Facebook Group! A space to ask questions and network with other DIY landlords.
👉 Follow us on Instagram
👉 Like us on Facebook
👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord Weekly!
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Check out samples of our newsletter👇 If you love it, you can subscribe from there!
*This post contains affiliate links. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.