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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 rental property summer 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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Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com
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On Apple Podcast or ITunes, please scroll to the bottom of our main page (with our logo) and click “Write a Review”.
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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 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.
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 the use and care or troubleshooting guide for each appliance. Download a PDF of the QR code and input into a Word Doc to share with your tenant, either by email or in a tenant binder that stays in the unit for them to reference when they have a problem.
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.
👉 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.
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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, 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!
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Check out EZ Landlord Forms today!
👉 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
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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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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
👉 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!
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 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
👉 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
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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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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”
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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, 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
Structuring your business as an LLC can bring important advantages: It lets you limit your personal liability for business debts and simplify your taxes. Here, you’ll find the key legal forms you need to create a single-member or multi-member LLC in your state, including:
• LLC articles of organization
• operating agreement for member-managed LLC
• operating agreement for manager-managed LLC
• LLC reservation of name letter, and
• minutes of meeting form.
Form Your Own Limited Liability Company has easy-to-understand instructions, including how to create an operating agreement that covers how profits and losses are divided and major business decisions are made. You’ll also learn how to choose a unique LLC name that meets state legal requirements and how to take care of ongoing legal and tax paperwork.
Launch Your LLC Today!
👉 Wool Dryer Balls (Tenant Gift)
👉 PDF for the cardstock note we left with the dryer ball gift.
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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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On this episode of the Your Landlord Resource podcast, we are interviewing Sarah King an investor and self-managing landlord.
She’s here to motivate and inspire you with her stories of triumph as well as hard times and how she nearly lost everything but did not let that setback hinder her goal of owning multiple rental properties.
Sarah also discusses that at some point or another, everyone will deal with some sort of problem in their rental property that is caused by water. Whether it be a water leak, or old pipes, clogged pipes, frozen pipes, or pipes installed incorrectly, you will find yourself scratching your head about issues with water and water damage.
Sarah has rebuilt her portfolio to include short term, midterm, and long-term rentals along with a few flips here and there. She has built a great team to support her directly with her rentals as well as developed a network of friends to keep her motivated through all the good and bad that owning and operating rentals throws at you.
We could not be more excited about interviewing Sarah to hear all about her landlording journey!
LINKS
👉 Episode 14: The Importance of a Rental Property Maintenance Team
👉 Episode 15: Developing Your Office Operations and Business Team
👉 Sarah’s book recommendation: The Simple Path to Wealth
👉 Follow Sarah on Instagram
👉 Sign up for Sarah’s Equity Partnership and Private Money Interest List
👉 FREE Download! Sarah’s Private Money Lender Pitch Deck
👉 Sarah loves Bigger Pockets! Sign up for a FREE account
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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, way back we did an episode discussing the pros and cons of whether holding your rental property in an LLC is right for you or not. Well, we had a lot of requests asking us to talk about the actual process of transferring your rental property into an LLC and now here we are discussing it.
It may seem like a very cut and dry concept, and for the most part it is, but there is quite a bit to know about the process before you take the steps to make that transfer.
Things like, will your mortgage lender allow it? What if my rental was purchased with a 1031 exchange that was titled in my personal name? What forms do we need to use? Or how will the process affect getting loans on future properties?
We are using personal stories of our transfers to help you get a clear understanding of why we did or did not choose to transfer our rentals to an LLC. Plus, we tried our best to keep it as simple as possible so you can have a clear understanding of what transferring your real estate investments into an LLC entails.
LINKS
👉 Episode 16: Is Holding Your Rental In An LLC Right For You?
👉 NOLO Legal Forms: Make your business an LLC
Structuring your business as an LLC can bring important advantages: It lets you limit your personal liability for business debts and simplify your taxes. Here, you’ll find the key legal forms you need to create a single-member or multi-member LLC in your state, including:
• LLC articles of organization
• operating agreement for member-managed LLC
• operating agreement for manager-managed LLC
• LLC reservation of name letter, and
• minutes of meeting form.
Form Your Own Limited Liability Company has easy-to-understand instructions, including how to create an operating agreement that covers how profits and losses are divided and major business decisions are made. You’ll also learn how to choose a unique LLC name that meets state legal requirements and how to take care of ongoing legal and tax paperwork.
Launch Your LLC Today!
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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 are diving deep into maintenance this week.
You see, maintenance is not only on your rental property, but it can also be in the office as well.
This week on the podcast we are discussing all things preventative maintenance from inspections, to being proactive and dealing with issues before they become much worse.
Also included in maintenance is maintaining good records and guiding your tenant on how they can help keep your unit in good condition.
It’s all about how best to set yourself as a landlord and your tenants up for success!
LINKS
👉 Periodic Inspection Checklist: Use Code: YLRPOD25 for 25% OFF!
👉 Episode 54: How to Handle Lease Violations Like A Pro
👉 The Fair Housing Institute: Use Code: YLR2024 for 15% off any course.
👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 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.