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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! Part 2 will drop in a few days just so you don’t have to wait a whole week and lose your momentum on the questions.
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! We will drop that with the next episode so keep an eye out for it!
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.
👉 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!
FOR TRANSCRIPT OF THE EPISODE, CLICK HERE
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In this episode of Your Landlord Resource Podcast, we discuss the importance of showing kindness to tenants, especially during the holiday season.
We explore the reasons behind giving gifts to tenants, address common concerns and misconceptions, and offer practical tips for thoughtful gift-giving. We are talking easy peasy, can cost less than $10 (and in some cases $5), gifts that let them know you are thinking of them during the holidays.
Of course, you know we have to include some good tips on important items to communicate with your tenants. Not saying you will be their hero, but a simple reminder email of certain issues they may experience over the next couple of months will be appreciated.
Give this episode a listen. Whether you are a gift giver or not, we think you will enjoy what we have to say.
LINKS
👉 Email your questions for our Q&A Episode!
We recommend these to all our tenants and have started to include them with our welcome basket. The tiny holes are much easier to repair on our textured walls, making the vacancy turnover much more tolerable.
👉 Gift Guide
Notecards: Both are available in bulk. Which means you can buy one and separate them into equal groups of 4, 6, or 8 sets of cards and secure them with ribbon or twine to make a very simple, inexpensive, yet thoughtful gift.
Nature Prints, Unisex. Sold in pack of 48 for $8.99
Floral Artwork, Feminine. Sold in pack of 20 for $8.99
Water Bottle: 20oz insulated water bottle in a variety of colors. $12.99
Contigo Insulated Coffee Mug with Handle: $11.19
Insulated Hot or Cold Bottle: Available in a variety of colors, 2 Pack $9.99
32 oz. Wide Mouth Mason Jars $12.99 (4 Pack) to fill with a treat like candy (Hershey Kisses) or granola (we buy the Kirkland brand at Costco for around $8 and it fills 3 of these jars).
👉 Pet Friendly De-Icing Solution, Calcium Chloride and Salt Free, Pet Safe Ice Melter.
👉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
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This is the final episode where we discuss leases and addendums, part 3 of a 3-part series. If you have not yet listened to episodes 32 or 33, go give those a listen before you dive into this episode where we are talking all about the addendums that can accompany the base lease used for your rental properties.
We started this series with the base lease (ours is 21 pages), where we discussed each section, paragraph by paragraph, that should be included in every landlord’s lease, and we explained why.
The first two episodes covered the main components of the lease that MUST be in every lease and items that are more to cover yourself with regards to your criteria or conditions and standards you set for your rental properties. Things like prohibitions, repairs to the property, and appliances.
This episode we go over many of the addendums that are commonly used in both single-family homes and multifamily rentals. From landscaping to storage and garages, as well as mold, lead, and asbestos notifications. Plus, many more!
We are sharing personal stories to help our listeners understand their importance, as not every area pertains to all rental properties.
We do not expect DIY landlords to write their own leases! You can purchase REALLY GOOD leases online at EZ Landlord Forms. Check out the link and discount code in our links below!
Already have a lease? If you feel anything you learn in these 3 episodes pertains to your rental property, take your lease to your legal team and have them add it in. We hope you enjoy this lease and addendum breakdown!
LINKS
👉 Email your questions for our Q&A Episode!
We recommend these to all our tenants and have started to include them with our welcome basket. The tiny holes are much easier to repair on our textured walls, making the vacancy turnover much more tolerable.
✔️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!
Check out EZ Landlord Forms today!
👉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
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This week we are in part 2 of a 3-part series on leases and addendums and pick up where we left off in episode 32. If you have not yet listened to that one, give it a listen before you dive into this episode.
We are doing a mini masterclass on leases and addendums for rental property owners, and these are episodes you will NOT want to miss!
Starting with the base lease (ours is 21 pages), we discuss each section that should be included in every landlord’s lease, and we explain why.
Where last weeks episode covered the main components of the lease that MUST be in every lease, this week we are discussing items that are more to cover yourself with regards to your criteria or conditions and standards you set for your rental properties. Things like prohibitions, repairs to the property, and appliances.
Even if you use a preformed lease or one from your property manager, you need to know THIS ONE PART of your rental property business. What’s in your lease contract is what covers you and your assets.
We are sharing stories and examples of certain sections to help our listeners understand their importance, as not every area pertains to all rental properties.
By going over our very comprehensive lease, section by section, paragraph by paragraph and discussing each and every clause and why it is important, you’ll soon be mastering leases and addendums too.
We do not expect DIY landlords to write their own leases! You can purchase REALLY GOOD leases online at EZ Landlord Forms. Check out the link and discount code in our links below!
Already have a lease? If you feel anything you learn in these 3 episodes pertains to your rental property, take your lease to your legal team and have them add it in.
LINKS
👉 Bed bugs:
EPA website with many resources on bedbugs: https://www.epa.gov/bedbugs
Great resource on all things bedbugs: https://www.pestworld.org/all-things-bed-bugs/
Video/Free Course on bedbugs: https://stopbedbugs.org/
👉 Mold: California booklet required to be given to all tenants with lease
👉 Listen to our podcast, Episode 11: Inheriting Tenants with Your New Rental Property? Here’s What You Need to Know.
This episode discusses before, during, and after how to deal with tenants when there is a sale of the investment property they reside in.
✔️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!
Check out EZ Landlord Forms today!
👉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.
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
Listen On:
Whoa, is this a doozy of an episode! Or should I say our next 3 episodes!
We are doing a mini masterclass on leases and addendums for rental property owners, and this is an episode you will NOT want to miss!
Even if you use a preformed lease or one from your property manager, you need know THIS ONE PART of your rental property business. What’s in your lease contract is what covers you and your asset.
Starting with the base lease (ours is 21 pages), we discuss each section that should be included in every landlord’s lease, and we explain why.
We are sharing stories and examples of certain sections to help our listeners understand their importance, as not every area pertains to all rental properties.
By going over our very comprehensive lease, section by section, paragraph by paragraph and discussing each and every clause and why it is important, you’ll soon be mastering leases and addendums too.
We do not expect DIY landlords to write their own leases! You can purchase REALLY GOOD leases online at EZ Landlord Forms. Check out the link and discount code in our links below!
Already have a lease? If you feel anything you learn in our next 3 episodes pertains to your rental property, take your lease to your legal team and have them add it in.
LINKS
✔️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!
Check out EZ Landlord Forms today!
👉Your Landlord Resource has teamed up with Toggle, a division of Farmers Insurance that offers competitive pricing of renters insurance for tenants.
Policies can start as low as $5 a month!
Copy and share our link with your tenants to get them started: http://go.gettoggle.com/SH1E
Download this PDF to present to your tenants with your renters insurance request! Toggle Renters Insurance Flier.pdf
👉 KwikSet Easy Re-Key Set Landlords! YOU MUST change the locks/rekey at every unit turnover. You have no idea whom your previous tenant gave a key to, and it is your responsibility (when it comes to access) to keep the new tenant safe from intruders.
Locksmiths can charge well over $50 to do this task!
If you have Kwikset Smartkey locks, you can purchase these replacement keys and rekey the unit yourself in a matter of minutes for $6.
👉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.
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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You might think this episode about Halloween tips for landlords does not pertain to you but take a minute to hear us out.
Halloween is a very festive time of year and is LOVED by people of all age groups, not just families with small children. I mean, there’s a reason Disney starts their Halloween festivities the day after Labor Day and continues it through October 31st!
These people love to decorate their homes, mostly the front yard. When those homes are rental properties, do they still have the right to decorate? Of course, but sometimes with limits.
What are the risks associated with Halloween? Lots! Think about the décor, parties, trick or treaters, and even the pets who live in your rentals.
In this episode we are talking all about Halloween festivity risks and covering what items landlords should be communicating with tenants. Plus, we include tips on what they can do to limit these risks as rental property owners.
LINKS
👉Your Landlord Resource has teamed up with Toggle, a division of Farmers Insurance that offers competitive pricing of renters insurance for tenants.
Policies can start as low as $5 a month!
Copy and share our link with your tenants to get them started: http://go.gettoggle.com/SH1E
Download this PDF to present to your tenants with your renters insurance request! Toggle Renters Insurance Flier.pdf
👉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.
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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So, this might surprise you, but cash reserves are not a one size fits all concept. There are a lot of factors that contribute to how much you should set aside, like where you are in your real estate investment journey.
Of course, there is the subject of mindset to consider as well so we go over that along with different methods to determine how much cash to reserve.
This episode gives rental property owners a blueprint on the methodology behind determining how much cash reserves is enough.
We take a deep dive into what cash reserves are, do you need them, and if you do, how to determine how much will make you feel comfortable should you get into an unfortunate situation and need to draw on them.
LINKS
👉Help other DIY landlords discover what we have to say… Please leave us a review of our podcast!
On 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 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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Part 2 on Rental Property Insurance!
Last episode, we went over the nuts and bolts of residential rental property insurance. We talked all about house hackers, single family home rentals, all the way up to multi-family units and what kind of coverage was important to each circumstance.
Part 2 is where we bring in the professional and interview our broker and insurance agent, Ryan Bravo.
Ryan and his brother Michael have been in insurance since the early 2000’s and took over their father’s booming insurance brokerage when he passed suddenly. These two are killing it in the insurance industry.
They’ve won countless awards and are among the top 150 Farmers Insurance agencies in the country. Kevin and I are so lucky to have these guys on our team, for home and for business!
Here’s what we discussed with Ryan:
▪️ The current state of the insurance industry and why many agencies are pulling out of states with a high risk of natural disasters.
▪️ The basics of a rental property policy and what it covers and does NOT. Plus, what are some riders or endorsements rental property owners should consider adding to their policies.
▪️ Umbrella polices, who should have one? Also, are they needed with the protection of an LLC?
▪️ He gave advice to a listener who submitted a question what to do after losing his insurance after filing a large claim.
▪️ Lastly, he gave five questions rental property owners should be asking new insurance agents when interviewing them. This is common if you purchase your rentals out of state…
There was A LOT of useful information from the perspective of an insurance agent in this episode.
Give it a listen and if you love it, will you please do us a favor and leave a kind review on your favorite podcast platform? This will really help our little podcast grow and reach other DIY landlords.
How to get in touch with Ryan Bravo:
Email: [email protected]
Webpage: https://BravoInsuranceAgency.com
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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Wow, is this not one of the most frustrating things to happen as a landlord?
You get a good tenant placed or signed on for a lease renewal, giving you the feeling of security and ability to relax a bit. But noooooo, the tenant contacts you to say that they need to end their lease, either for professional or personal reasons.
You know it’s not easy for your tenant to give you bad news and know that, depending on the circumstance, you should be compassionate or show support for this change they are experiencing.
We are here to guide you on the legal reasons why a tenant is allowed to terminate their lease, how to handle non-legal reasons, and even what to do if you, as the landlord, needs to end a tenant’s lease early.
Lots of juicy advice in this episode! So, tune in and if you love it, would you do us a favor and leave a kind comment? We are really trying to reach all those DIY landlords and all these podcast platforms really like it when listeners share their experience! I know we tend to check out reviews to help us decide if something is a good fit for us, help us do this for other podcast listeners.
LINKS
National Domestic Violence Hotline
A website that informs you about what abuse is, how to get help, plan for safety, and is loaded with resources for those who need help.
15% OFF any Fair Housing Institute course! Use code: YLR2023
TurboTenant Landlord Software
TurboTenant is a great option for landlords with just a few doors or for those who may be new to using rental property software.
For the most part, TurboTenant’s software is free to use so they are perfect for those on a tight budget.
With a very minimal monthly fee, landlords can upgrade to have such items as all landlord forms, leases, and addendums included as well as accelerated marketing, rent deposits, and customer service assistance on TurboTenant.
At EZLandlordForms, the goal is to make it EZ for anyone to be a great Landlord, get the most out of their investment, and get the most out of their experience as a Landlord. Whether you’re a large Landlord with 200 units or a mom-and-pop Landlord with 2 units, they’ve got the tools to make your life EZier.
Because their team is made up of real estate investors and Landlords, we know that a Landlord’s work isn’t over once you sign a Lease Agreement. That’s why we have over 400 property management forms covering every phase of the Landlord lifecycle, including over 200 Free Landlord Forms.
Make your life as a Landlord EZier today by Creating a Free Account to access our free tools or becoming a Pro Member to access our state-specific Lease Agreements and our entire library of Property Management forms for Landlords.
Cost for pro membership is $12 per month or $75 for the annual account. They now offer a lifetime pro membership for $399! That’s a killer deal!
With a rating of 4.8 from over 5,000 reviews, EZLandlord Forms is the perfect source for landlords!
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 is a very important episode! It is packed with a lot of technical information so when you listen, try to be in a space where you can focus on what we are saying. We cover EVERYTHING we know about creating and operating an LLC.
There are a lot of pros and cons included in this episode and we give you a list of points to consider when thinking about whether an LLC is a good idea for you to hold your rental property investments in.
From what goes into the creation and maintenance of an LLC to the location of your LLC should be when you own out of state property, as well as how an LLC can even benefit your heirs, we really did try to discuss all the points that one would need to know before making the decision.
We hope this, as with all our episodes, gives you something to think about when creating a professional and streamlined rental property business.
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