Tune in ? as Peter provides a market update for the first quarter of 2024 in Ventura County. He discusses the number of available rental properties, average rent prices, days on market, and vacancy rates. He also introduces the consumer price index (CPI) and its impact on rent increases for properties subject to rent control. ? If you want to partner with Ventura County’s most trusted property management company, let's start the conversation! ? https://www.rinconmanagement.com/  Episode Takeaways: The number of available rental properties in Ventura County has slightly decreased compared ..read more

In this episode, our host Peter McKenzie interviews Micky Lau-Chandani, owner and broker of Undivided Brokerage in New York City, join us as he discusses the unique aspects of the New York City real estate market, particularly in the luxury rental sector. He then explains the prevalence of rental properties in the city, the impact of rent control and rent stabilization, and the motivations of investors in the market. Takeaways New York City has a unique real estate market, particularly in the luxury rental sector, with a high demand for rental properties. Rent control and rent stabilization p ..read more

In this episode, Peter McKenzie interviews Stephen Kenney, the Director of Operations at Rincon Property Management, about the difference between normal wear and tear and damage in rental properties.  Takeaways Determining the difference between normal wear and tear and damage can be challenging for landlords and tenants. Lease agreements and guidelines can help clarify the responsibilities of landlords and tenants when it comes to property maintenance. Navigating small claims court can be time-consuming and may not always result in a favorable outcome for landlords. Documenting the cond ..read more

In this episode, Peter McKenzie sits down with Danaus Chang from awning.com to tackle a burning issue in today's real estate market: the soaring costs of home maintenance. With a mix of personal anecdotes and expert insights, they delve into how the pandemic, supply chain disruptions, and evolving market dynamics have turned property upkeep into a costly affair. Whether you're an accidental landlord or a seasoned investor, this conversation is packed with strategies to help you navigate this high-cost environment. If you found this episode helpful and are grappling with the rising property mai ..read more

Peter McKenzie sits down with Christy Silva from Little Home Builder, diving into the world of Accessory Dwelling Units (ADUs). This engaging conversation sheds light on the rise of ADUs in the housing market, especially in high-demand areas like Ventura. Whether you're a seasoned landlord or just stepping into property management, this episode is packed with practical advice and current trends in the ADU space. Loved the insights in this episode? Spread the word and share it! And if you're seeking expert assistance in managing your properties, don't hesitate to start the conversation at  ..read more

Join Peter McKenzie as he dives into the latest twists and turns of the rental market in Q4 2023. This episode is a must-listen for anyone new to the landlord scene, as Peter breaks down what's new and what's working in 2024. Listen in for the latest info on Ventura's rental market and practical strategies for setting rents, attracting tenants, and staying flexible in this ever-changing landscape.   Key Discussion Points: Catching up with the latest rental market trends. Setting the right rent – balancing what's fair and what's profitable. Spotlight on Ventura: What the numbers say about ..read more

In this episode, Peter McKenzie discusses the key steps landlords should take to prepare for the upcoming year. He emphasizes the risk of doing nothing and falling behind on rent, laws, and property updates. The top eight things to do at the end of the year are: reviewing fair market value, property maintenance and updates, evaluating rental strategy, improving rental income, reducing expenses, showing appreciation to tenants, staying updated on legal changes, and managing taxes. Takeaways Regularly review the fair market value of your rental property to ensure you are not leaving money on th ..read more

In this insightful episode of The Accidental Landlord, host Peter McKenzie delves into a critical issue facing many landlords: the impact of emotional attachment on their rental property management. Discover why this emotional involvement can lead to financial losses and learn actionable strategies to maintain a professional, detached approach for better decision-making and profitability. What You'll Learn: How emotional connections to rental properties lead to costly mistakes. Real-world examples of emotional decisions resulting in financial losses. Tips for adopting a more business-like ..read more

Want your property managed the right way? Book a call with us (https://www.rinconmanagement.com/contact) - we can’t wait to hear from you! Listen in to today's episode as guest Jay Helms shares his insights on the top warning signs a property management company might be underperforming or may be being dishonest. Jay covers charging too much for repairs, getting tenants to pay rent in ways that can't be tracked (like money orders), late financial reports, differences in what the rent collection reports say and what's actually in the bank, not being strict enough about collecting rent, and more ..read more

Join host Peter McKenzie as he chats with Kevin Aranha, a seasoned real estate investor who utilizes the lucrative house hacking rental strategy.   Listen in as Kevin Aranha shares how he managed to purchase a million-dollar home in Ventura and live there with little to no cost. If you're curious about house hacking, especially in the Ventura County, California area, this episode is not only motivational but also packed with invaluable insights. Learn from Kevin's experiences, avoid his mistakes, and fast-track your journey to financial freedom and generational wealth. If you find this ep ..read more