Episode 42: Your Landlord Questions Answered!
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First, we would love to thank all of you who submitted questions via email. We received many and selected the ones we knew we could answer in about 5 minutes or so. Please feel free to send us a question to be asked in a future episode! Our emails are in the “LINKS” section below.
This episode includes questions from 5 listeners. One is a two-part question, so we actually are answering 6 questions in total that cover the subjects of:
- Rent discounts for seniors and single moms, are they protected from Fair Housing or can another tenant claim agism/unfair treatment when not receiving a discount too?
- How to properly save cash reserves if you are discounting rents for individuals?
- Operating manuals and criteria, how to handle if there are multiple properties involved?
- Old school landlords who take checks vs ones who use landlord software, is it too late?
- What is the most important thing to focus on in the business as a landlord?
- Tips on working with rental properties together with your spouse? Apparently, we make it look easy! 😅
This was a fun episode with several subject matters to cover!
LINKS
👉 TOGGLE Insurance
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
👉 Episode 36: ESA Insights and Pet Rules, an Interview with Logan Miller of Our Pet Policy
👉 Episode 28: The Cash Reserves Blueprint: Protecting & Expanding Your Portfolio
👉 Episode 6: Creating Standard Operating Procedures For Your Business
👉 Episode 4: The Importance of Rental Property Inspections
👉 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.
👉 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.
👉 Fair Housing Institute: Courses to certify you or employees in all Fair Housing laws.
Get 15% OFF all courses! Use code: YLR2023
👉 Purchase our 6-Page Inspection Checklist ($5.00). For properties up to 4 bedroom/4 bath and includes all pertinent areas to be inspected, including the exterior.
To date, this product is the only item we charge for. Help support our site while getting a valuable tool you can use over as many times as you’d like.
👉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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