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As landlords, it’s essential to balance protecting your property and tenants with complying with anti-discrimination laws. This episode explores the intricacies of how the Fair Housing Act intersects with tenant screening practices, focusing on HUD’s 2016 guidance regarding criminal records.
We explain why a blanket “no criminal history” policy can lead to unintended discrimination, particularly under the concept of disparate impact. You will learn the importance of conducting individualized assessments that take into account the nature and severity of the crime, how long ago it occurred, and any evidence of rehabilitation. We also break down state-specific laws, such as “ban the box” ordinances that restrict when and how landlords can inquire about criminal records.
Of course, we are providing practical advice on documenting decisions, staying compliant with evolving state and local laws, and common pitfalls to avoid, like relying on arrest records or treating applicants inconsistently.
If you’re a landlord navigating tenant screening, this episode will equip you with the knowledge to create a fair, legally compliant, and effective criminal background check policy. You’ll want to tune in for actionable insights and avoid legal risks while protecting your investment.
LINKS
👉 EZ Landlord Forms: Set up a FREE account and get access to over 200 forms. USE CODE 𝐒𝐓𝐀𝐂𝐈𝐄𝟏𝟓 to get 15% OFF ALL first-time purchases, EVEN THE ANNUAL FEE or LIFETIME FORMS!
👉 Episode 6: Creating Standard Operating Procedures for Your Business
👉 Episode 49: Analyzing Credit Reports for Tenant Selection
👉 Fair Housing Information: US Dept. of Housing and Urban Development. This is your primary source for federal fair housing laws and regulations, including HUD’s 2016 guidance on the use of criminal background checks.
👉 The Fair Housing Act: This page from the Department of Justice outlines the full text of the Fair Housing Act and includes information on the enforcement of fair housing laws.
👉 Learn more about your local landlord-tenant laws: Look up “YOUR STATE/COUNTY”+ Local Housing Authority.
👉Get certified in Fair Housing Laws: The Fair Housing Institute. Use code YLR2024 for 15% Off any course purchase.
👉 Equal Rights Center: For $50 you can take a course called Best Practices for Ensuring that Criminal Records Screening Policies & Practices Comply with Fair Housing Requirements
👉 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.
👉 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
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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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October 6-12, 2024, is Fire Prevention Week. Since we have many firefighters in our family who are constantly reminding us of what we need to be on top of regarding fire safety in our rental properties, we thought we would do a shorty episode to go over fire safety tips.
In this episode, we are focusing on who is responsible for what tasks. So, we are discussing all the fire safety responsibilities that the landlord must take care of and then jumping over to the other side and discussing what the tenants must handle.
And newsflash, even if the tenant has some responsibility in making sure your rentals remain safe, it is up to you to manage that they are following through and doing those tasks. We are also including what landlords need to do to mitigate the risks of tenants not following through.
As this episode runs much shorter than our usual episodes, I hope you can make the time check this important episode out.
LINKS
👉 Episode 29: Rental Property Fire Safety Essentials, Pt 1
👉 Episode 24: Rental Property Fire Safety Essentials, Pt 2
👉 Second Story+ Kidde Fire Escape Ladder
👉 First Alert Rechargeable Standard Home Fire Extinguisher, recommended one on each level of your property.
👉 Kidde Smoke Detector, Battery Powered with LED Lights, Interconnects with Other Kidde Smoke Alarms
👉 “Pet’s in the Home” Safety Stickers for Fire & Police
👉 Your Landlord Resource: Single Family Home Complete Inspection Checklist $9.99
👉 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.
👉 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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Yep. That’s right, this is an episode about mold. It may seem odd but, in several states, some pretty strict rules have passed regarding disclosures, cleanliness, responsibility, and remediation.
In this episode we are discussing all those things as well as what to do when a tenant reports that they have found mold in their unit.
It’s unfortunate that nearly all the research we combed through was written by lawyers with tips for tenants on what to look for and when it would be appropriate to file a claim against their landlord.
Because of that, we wanted to make sure all landlords were informed of the consequences of not taking mold seriously and tips on how to keep yourself out of the hot seat when it comes to mold.
LINKS
👉 Email us a question or to request the CAA mold addendum we use in our lease:
👉 For information on mold rules and regulations in your state, check with your state department of environmental protection or your state department of public health.
👉 To see whether your state is considering mold-related legislation that might affect residential rentals, you can search the National Conference of State Legislatures’ Environmental Health State Bill Tracking Database. Check the “Indoor Air Quality—Mold” box in the “Topics” column and check the box next to your state.
👉 Episode 28: The Cash Reserves Blueprint: Protecting and Expanding Your Portfolio
👉 Episode 6: Creating Standard Operating Procedures for Your Rental Property Business
👉 The Section on Mold: EPA’s Website
👉 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.
👉 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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Do you ever think about what you can do to draw tenants to your rental property? Like, how can you stand out from all the other properties on the market?
This week on the podcast we are talking all about what the tenants want and look for when searching for their next home.
Much like the adding value podcast we did a few weeks ago, but this is from the tenant’s perspective, not the landlords.
There are several features that do not cost much, if anything at all, that rental property owners can implement to make their investment more appealing (and thus, more profitable) over their competitors.
From location, budget, digitalization, and physical amenities renters are looking for, we are covering it all on this episode of the Your Landlord Resource Podcast.
LINKS
👉 Episode 23: Tips on Marketing Your Rental Property, Part 1
👉 Episode 24: Tips on Marketing Your Rental Property, Part 2
👉 Kwikset Smart Key: Re-Key Set
👉 Episode 61: Fair Housing and Emotional Support Animals (ESA’s)
👉 Episode 36: ESA Insights and Pet Rules, an Interview with Logan Miller of Our Pet Policy
👉 Episode 77: Adding Value to Your Rental Property for Appeal and Profitability
👉 Episode 34: Our Lease and Addendum Breakdown Part 3
👉 Choice Home Warranty: Never Pay for Covered Home Repairs Again.
👉 Suncast Storage: 22 cu ft, 2X2X6 Vertical Shed
👉 TurboTenant, A landlords one stop shop for tenant management…for FREE
👉 Avail Landlord Property Management Software
👉 EZ Landlord Forms Now Has a Rent Collection Feature!
👉 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!
👉 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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For landlords who want to operate a profitable rental property portfolio where you can grow and scale your properties, accurate bookkeeping is essential.
It is just like any other business. You must maintain good records that will in turn enable you to evaluate and understand your property’s performance and your return on investment or ROI.
Where last week we discussed tips on bookkeeping like tracking, budgeting, and how best to set up your ledger accounts, this week we are talking about what accounting software can best fill your need for such things as bookkeeping automation, reporting, workflow, and tax prep.
Again, not a sexy topic but one that is much needed to keep all of us investors financially aware of what is happening with our rental properties.
LINKS
👉 Episode 78: Bookkeeping and Accounting Tips for Landlords
👉 Our preferred accounting software: QuickBooks
👉 REIHUB: Bookkeeping made easier for rental property owners
👉 The all-in-one landlord management and accounting software: RentRedi
👉 The landlord software with options and grows with your portfolio: DoorLoop
👉 Innago: Property Management Software
👉 Real Estate Investor community: BiggerPockets
👉 The best FREE landlord software for small landlords: TurboTenant
👉 Get $50 off when you sign up for AVAIL
👉 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!
👉 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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Join us on this episode where we are discussing bookkeeping and accounting tips for landlords, where you can learn to operate a profitable rental property portfolio where you can grow and scale your properties.
It is just like any other business. You must maintain good records that will in turn 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 thus, better profitability.
This episode covers why consistent bookkeeping is so important, what you should be tracking, creating a budget, and tips on setting up your books and 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 to receive a code for an additional ½% bonus (3 months).
👉 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!
👉 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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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!
👉 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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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!
👉 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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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!
👉 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!
👉 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!
👉 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.