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We all pay someone to do work for us at some point or another. But did you know that how you classify those funds paid (code and book that payment accounting wise), can determine if you think they are a 1099 worker or a W-2 employee?

This week on Your Landlord Resource we are discussing the two rules that the Federal government and potentially your state government use to determine the difference between the two.

It’s a short episode that’s packed with a lot of good info to keep your business out of trouble in case you are ever audited…and we are seeing a lot of people we know go through this right now and its NO FUN!

LINKS

👉 Episode 5: The Advantages of Employing Your Children in Your Business

👉 US Department of Labor: Myths About Classifications of Employees as Independent Contractors

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

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Tenant screening software is becoming more and more popular now that landlords are working to improve their applicant vetting processes.

In this episode, we will cover what tenant screening software is, why it matters, and how it compares to other options like using property management software or hiring a property manager.

We’ll also cover a couple real-life horror stories about tenant screening gone wrong and the legal liabilities landlords need to be aware of.

So, whether you're using screening software or not, by knowing the risks, the best practices, and the best tools can make or break your rental business.

Of course, we will also compare some of the top software options out there.

LINKS

👉 Episode 49: Analyzing Credit Reports for Tenant Selection

👉 Our FREE Landlord Verification Form

👉 SmartMove Tenant Screening Software

👉 Tenant Alert, Tenant Screening Software

👉 RentPrep Tenant Screening Software

👉 My Rental Tenant Screening Software

👉 The Top 5 Prescreening Questions We Always Ask and WHY

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

This text system is one way only, you need to include your email for a response.

Please allow 1-2 business days for us to get back to you for both methods.

👉 Email us your questions!
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👉 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”.

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As landlords, you must balance protecting your property and tenants with complying with anti-discrimination laws. This episode explores how the Fair Housing Act intersects with tenant screening practices, focusing on HUD's 2016 guidance regarding criminal records.

We explain why a blanket “no criminal history” policy can lead to unintended discrimination, particularly under the concept of disparate impact. We also break down state-specific laws, such as “ban the box” ordinances that restrict when and how landlords can inquire about criminal records.

Of course, we giving advice on documenting decisions, staying compliant with state and local laws, and common pitfalls to avoid.

If you’re a landlord navigating tenant screening, this episode will equip you with the knowledge to create a fair, legally compliant, and effective criminal background check policy.

LINKS

👉 EZ Landlord Forms: Set up a FREE account. USE CODE 𝐒𝐓𝐀𝐂𝐈𝐄𝟏𝟓 to get 15% OFF ALL first-time purchases, EVEN THE ANNUAL FEE or LIFETIME FORMS!

👉 Episode 6: Creating Standard Operating Procedures for Your Business

👉 Episode 49: Analyzing Credit Reports for Tenant Selection

👉 Fair Housing Information: US Dept. of Housing and Urban Development. The primary source for federal fair housing laws and regulations.

👉The Fair Housing Act: This page from the Department of Justice outlines the full text of the Fair Housing Act.

👉Get certified in Fair Housing Laws: The Fair Housing Institute. Use code YLR2024 for 15% Off any course purchase.

👉 Equal Rights Center: For $50 you can take a course called Best Practices for Ensuring that Criminal Records Screening Policies & Practices Comply with Fair Housing Requirements

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

This text system is one way only, you need to include your email for a response.

Please allow 1-2 business days for us to get back to you for both methods.

👉 Email us your questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com

👉 Access all our FREE Downloads (Forms and Docs)

👉 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 the front page of our podcast page.

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October 6-12, 2024, is Fire Prevention Week. Since we have many firefighters in our family who are constantly reminding us of what we need to be on top of regarding fire safety in our rental properties, we thought we would do a shorty episode to go over fire safety tips.

In this episode, we are focusing on who is responsible for what tasks. So, we are discussing all the fire safety responsibilities that the landlord must take care of and then jumping over to the other side and discussing what the tenants must handle.

And newsflash, even if the tenant has some responsibility in making sure your rentals remain safe, it is up to you to manage that they are following through and doing those tasks. We are also including what landlords need to do to mitigate the risks of tenants not following through.

As this episode runs much shorter than our usual episodes, I hope you can make the time check this important episode out.

LINKS

👉 Episode 29: Rental Property Fire Safety Essentials, Pt 1

👉Episode 24: Rental Property Fire Safety Essentials, Pt 2

👉 Second Story+ Kidde Fire Escape Ladder

👉 First Alert Rechargeable Standard Home Fire Extinguisher, recommended one on each level of your property.

👉 Kidde Smoke Detector, Battery Powered with LED Lights, Interconnects with Other Kidde Smoke Alarms

👉 Kidde Plug in CO2 Detector

👉 “Pet’s in the Home” Safety Stickers for Fire & Police

👉 Your Landlord Resource: Single Family Home Complete Inspection Checklist $9.99

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

This text system is one way only, you need to include your email for a response.

Please allow 1-2 business days for us to get back to you for both methods.

👉 Email us your questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com

👉 Access all our FREE Downloads (Forms and Docs)

👉 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 the front page of our podcast page.

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Yep. That’s right, this is an episode about mold. It may seem odd but, in several states, some pretty strict rules have passed regarding disclosures, cleanliness, responsibility, and remediation.

In this episode we are discussing all those things as well as what to do when a tenant reports that they have found mold in their unit.

It’s unfortunate that nearly all the research we combed through was written by lawyers with tips for tenants on what to look for and when it would be appropriate to file a claim against their landlord.

Because of that, we wanted to make sure all landlords were informed of the consequences of not taking mold seriously and tips on how to keep yourself out of the hot seat when it comes to mold.

LINKS

👉 Request the CAA mold addendum we use in our lease. Emails located further down in links.

👉 State mold rules and regulations: go to your state department of environmental protection or your state department of public health.

👉 For potential mold-related legislation, search: National Conference of State Legislatures' Environmental Health State Bill Tracking Database. Check the "Indoor Air Quality—Mold" box in the "Topics" column and check the box next to your state.

👉Episode 28: The Cash Reserves Blueprint: Protecting and Expanding Your Portfolio

👉 Episode 6: Creating Standard Operating Procedures for Your Rental Property Business

👉Mold: EPA’s Website

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

This text system is one way only, you need to include your email for a response.

Please allow 1-2 business days for us to get back to you for both methods.

👉 Email us your questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com

👉 Access all our FREE Downloads (Forms and Docs)

👉 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 the front page of our podcast page.

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Do you ever think about what you can do to draw tenants to your rental property? Like, how can you stand out from all the other properties on the market?

This week on the podcast we are talking all about what the tenants want and look for when searching for their next home.

Much like the adding value podcast we did a few weeks ago, but this is from the tenant’s perspective, not the landlords.

There are several features that do not cost much, if anything at all, that rental property owners can implement to make their investment more appealing (and thus, more profitable) over their competitors.

From location, budget, digitalization, and physical amenities renters are looking for, we are covering it all on this episode of the Your Landlord Resource Podcast.

LINKS

👉 Episode 23: Tips on Marketing Your Rental, Part 1

👉Episode 24: Tips on Marketing Your Rental, Part 2

👉 Kwikset Smart Key: Re-Key Set

👉 Episode 61: Fair Housing and Emotional Support Animals (ESA’s)

👉 Episode 36: ESA Insights and Pet Rules

👉 Episode 77: Adding Value to Your Rental Property for Appeal and Profitability

👉 Episode 34: Our Lease and Addendum Breakdown Part 3

👉 Choice Home Warranty: Never Pay for Covered Home Repairs Again.

👉Suncast Storage: 22 cu ft, 2X2X6 Vertical Shed

👉TurboTenant, A landlords one stop shop for tenant management(for FREE)

👉Avail Landlord Property Management Software

👉EZ Landlord Forms Now Has a Rent Collection Feature!

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

This text system is one way only, you need to include your email for a response.

Please allow 1-2 business days for us to get back to you for both methods.

👉 Email us your questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com

👉 Access all our FREE Downloads (Forms and Docs)

👉 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 the front page of our podcast page.

👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord ...

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For landlords who want to operate a profitable rental property portfolio where you can grow and scale your properties, accurate bookkeeping is essential.

It is just like any other business. You must maintain good records that will in turn enable you to evaluate and understand your property’s performance and your return on investment or ROI.

Where last week we discussed tips on bookkeeping like tracking, budgeting, and how best to set up your ledger accounts, this week we are talking about what accounting software can best fill your need for such things as bookkeeping automation, reporting, workflow, and tax prep.

Again, not a sexy topic but one that is much needed to keep all of us investors financially aware of what is happening with our rental properties.

LINKS

👉 Episode 78: Bookkeeping and Accounting Tips for Landlords

👉 Our preferred accounting software: QuickBooks

👉REIHUB: Bookkeeping made easier for rental property owners

👉 The all-in-one landlord management and accounting software: RentRedi

👉 The landlord software with options and grows with your portfolio: DoorLoop

👉Innago: Property Management Software

👉 Real Estate Investor community: BiggerPockets

👉 The best FREE landlord software for small landlords: TurboTenant

👉 Get $50 off when you sign up for AVAIL

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

This text system is one way only, you need to include your email for a response.

Please allow 1-2 business days for us to get back to you for both methods.

👉 Email us your questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com

👉 Access all our FREE Downloads (Forms and Docs)

👉 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 the front page of our podcast page.

👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord ...

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For landlords who want to operate a profitable rental property portfolio enabling you to grow and scale your portfolio, accurate bookkeeping is essential.

Just like all businesses, you must maintain good records that will enable you to evaluate and understand your property’s performance and your return on investment or ROI.

Listen, we know this is not a sexy topic. But managing your records and finances for your rental property properly can lead to significant tax savings, more rental income, lower expenses, and better profitability.

This episode covers why consistent bookkeeping is so important, what metrics to track, creating a budget, and tips on setting up your ledger accounts.

And in true fashion, we had so much to say that next week we will continue this conversation and discuss the accounting software that is available to rental property owners and self-managing landlords.

LINKS

👉 EP51: The Hidden Dangers of Using Cash Apps to Collect Rent

👉 EP28: The Cash Reserves Blueprint: Protecting & Expanding Your Portfolio

👉 Episode 77: Adding Value to Your Rental Property for Appeal and Profitability

👉 Episode 45: Basic Tax Strategies for Real Estate Investors

👉 Episode 46: Advanced Tax Strategies for Your Real Estate Portfolio

👉 Episode 7: A Guide to Move Out Procedures and Security Deposits

👉 Episode 35: How Small Gestures Make a Big Difference with Tenants

👉WealthFront: Earn 5% on a no strings cash account.

👉 Email us for an additional ½% bonus (3 months).

👉 Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant
👉 Text Us a Question! Two methods available: SMS text to 650-489-4447. OR

https://www.buzzsprout.com/twilio/text_messages/2143553/open_sms

This text system is one way only, you need to include your email for a response.

Please allow 1-2 business days for us to get back to you for both methods.

👉 Email us your questions!
Stacie@YourLandlordResource.com
Kevin@YourLandlordResource.com

👉 Access all our FREE Downloads (Forms and Docs)

👉 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 the front page of our podcast page.

👉 Want the podcast link emailed to you weekly? Subscribe to our FREE newsletter, Landlord ...