On this episode, 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 ..read more

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: YLRPOD ..read more

This episode is all about rent control and how it affects landlords. Where we get and understand the premise behind rent control, the issues that landlords must deal with while navigating the laws around rent control can be problematic. There are several states with cities that already have rent control ordinances, and two states with statewide rent control.  Not to mention more cities and states considering adding laws or ordinances regarding rent control on the horizon. For landlords, rent control makes it difficult to keep up with maintenance and repairs.  And for tenants, rent co ..read more

Working on real estate investments is challenging enough but what if you are operating a business of owning and managing rental properties with your spouse or life partner? This episode covers so much from tips on what not to do and tips on how to do this work better. And let’s face it, much of this information is common sense and many of us already know it…but we may not be doing it. We polled our favorite husband and wife real estate investment teams and got their take and best advice on what it takes to work with your significant other and they did not disappoint! So, whether you are alread ..read more

Accepting physical checks for payment is becoming a thing of the past.  Many landlords looking to replace this method without increasing expenses have considered using cash apps such as Zelle, Venmo, or Paypal.  However, where these apps make receiving rent very cost effective and convenient, they are risky.   In this episode we are discussing these risks and why landlords should NOT accept cash apps for rent payments. Of course, we do advise you on what the better options are for you to operate a secure, professional rental property business.   LINKS ? Rent Reporters: Acco ..read more

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You know the phrase happy wife, happy life?  Well, we couldn’t think of something snappy like that, but the same concept rings true for landlords and tenants.  Keep your tenants happy and your experience as a landlord will be much easier and enjoyable. This podcast episode is all about concepts and things you can do to enhance your tenants experience while living in your rental property. We discuss communication, maintenance, gifts, upgrades, offering amenities, and technology. You’d be amazed at what implementing just a few of these concepts can do to boost the landlord tenant relat ..read more

The process of vetting a prospective tenant is likely one of the most important tasks a landlord has. Think about it.  The person you place to live in your unit needs to have personal and financial characteristics that meet your rental criteria. For us that means they need to have two positive referrals from previous landlords, a credit score of 725 or above, and net income that is at least 2.5 times the rental amount. But that’s just our qualifiers. Because income is such an important part of the investigation process for this prospective tenant, we spend a lot of time looking at their c ..read more

Retirement is a subject that used to be synonymous with Medicare, but those days are long gone.  As we are close to retirement (in age and financial position), we thought you would like to know the things we considered and implemented when creating our own retirement plan. Now, we hear of people retiring in their early 50’s, 40’s, and even some are really tightening their financial belt and retiring in their 30’s.  Where this takes focus and dedication, there is something we can all learn from the methodology these early retirees use. In this episode, we are discussing: ·    ..read more

Where it is not every rental property investors dream to quit their traditional 9-5 job and work at self-managing their units, it is a consideration for many landlords we know. Some desire FIRE (Financial Independence from Real Estate) where they don’t have many management tasks to take on, some are willing to swap their full-time gig for working to manage their rentals instead. The desire is freedom.  Freedom from reporting to someone else, somewhere else, for a defined time of at least 40 hours during the week. Freedom to get up in the morning and go to the gym, travel, spend more tim ..read more