One mistake as a landlord can cost you thousands of dollars and give you nightmares that rob you of your sleep for quite some time. So how do you reduce that level of risk? In today's podcast, we'll cover the proven marketing process you need to prevent landlord nightmares so that you can sleep well at night knowing that you've done everything you can to reduce your level of risk, protect your investment from financial loss and provide a rental property for the best-qualified tenants. Learn more...
Jul 07, 2020•25 min•Season 2Ep. 21
Property management requires no less effort than any other profitable business. While it might seem like purchasing the actual investment property is the number one step towards all the investment benefits you’ve heard so much about, there is still a range of factors that will decide if you’ll reap the financial rewards. The key to reducing vacancy rates and minimizing tenant turnover in the coming years is to effectively advertise your vacant units. To do that and to do it well, you should mast...
Jul 03, 2020•19 min•Season 2Ep. 20
Before 2020 began, some research had been completed on fraud in the rental industry. And the numbers were shocking. In a report titled, "The state of fraud in the rental housing industry" by TransUnion, they found that 80% of all property managers had been the victims of renter fraud. And now that the job economy has taken a hit as a direct result of Covid-19, the amount of renter fraud is projected to have increased exponentially. In today's podcast, we will explore the top 3 methods that fraud...
Jun 24, 2020•13 min•Season 2Ep. 19
What a lot of landlords and property managers once felt was impossible has now become mandatory and we have all been forced to modify our thought process of how rental management can (or needs to) work. And it's not just for the immediate future -- Many of the changes made in the real estate industry over the past few months will likely be here to stay. In today's podcast, we'll explore how Covid-19 has changed the real estate industry, which changes were the most significant, what is here to st...
Jun 10, 2020•12 min•Season 2Ep. 18
With the dramatic economic and cultural shifts that have taken place over the past couple of months, the rental market will likely become much cooler in areas where that has not been the case in over a decade. As a landlord who has never encountered such a dramatic shift in the rental market, it is important to learn new skill sets to help be prepared for that shift and master the skills needed to rent out your rental properties quickly and efficiently. In today's podcast, we'll explore what is ...
May 28, 2020•20 min•Season 2Ep. 17
The events of the past several months have changed the workplace into the foreseeable future. Since the early part of 2020, the majority of those who can, have been working from home, while sheltering in place. This abrupt change in the workplace has resulted in significant shifts that may have a lasting impact on workspace design and use, while simultaneously changing the demand and use of commercial space for years to come. How do these changes affect your real estate business and what does it...
May 19, 2020•24 min•Season 2Ep. 16
With every strategy for wealth building or growth comes risk. And real estate? It's is no different. So whether you are just starting out, or you have been involved in buying or renting out real estate for quite some time, or you're on the property management side considering getting into buying rental real estate yourself, here are five things that you can do to overcome the pitfalls and challenges of owning and managing rental properties. Learn More About TenantCloud Here ....
May 12, 2020•14 min•Season 2Ep. 15
Based on a report from approximately 11.5 million rental units in the United States, 89% of tenants paid either partial or full payments towards their rent in the month of April of this year. However, with over 17 million unemployment claims over the past month or so, the question of whether or not May's rent goes unpaid is still looming large and landlords across the country are asking questions about what options they may have at their disposal. In this podcast, we'll cover a quick question an...
May 01, 2020•11 min•Season 2Ep. 14
Renting out properties while living abroad is similar to having a long-distance relationship. It takes a lot of effort and requires creativity to make it work. But with a thorough strategy and a good property management system, you can easily manage your rentals remotely. We asked a few "remote" landlords to share their secrets for running a property management business from overseas. Taking into account their advice and experiences, we've singled out their top 4 pieces tips and shared them with...
Apr 22, 2020•19 min•Season 2Ep. 13
During the times when you can hardly find good news, life-affirming stories about noble gestures, philanthropy, and simple acts of kindness bring positive energy and restore our faith in humanity (in case you’re about to lose it). In this podcast, we share 5 news stories related to real estate that will make you believe in the power of togetherness. To learn more: https://www.tenantcloud.com/blog
Apr 16, 2020•13 min•Season 2Ep. 12
We all know that life is unpredictable, but let's be honest. Right now, life is simply crazy. Very few people alive today have ever lived through a pandemic, and some of us are having to make decisions that we never dreamed we would have to make. In this podcast, we'll discuss the five key things that you can do to continue "business as usual" (or, at least as close as possible to it), as well as some ideas around "what to do next" to prepare for the unknown future that may be waiting around the...
Apr 07, 2020•28 min•Season 2Ep. 11
In this podcast, I interview Patrick Dudek with Valet Storage. And while storage may not sound like an exciting topic to discuss on a podcast, you will definitely want to tune in as we discuss how a product like Valet Storage can add value to your rentals and increase your revenue on a per rental unit basis all while requiring little to no effort or investment on your part. TenantCloud is not connected with Valet Storage and this is not a paid interview or advertisement. Our goal is to simply co...
Mar 30, 2020•33 min
Whether you manage one rental or two hundred rentals, there is a good chance that you are required to abide by the Federal Fair Housing Act, as well as your local state and county laws that often expand on the Federal Fair Housing Act. But believe it or not, there are some landlords who are not required to abide by the Federal Fair Housing Act. We explore some of those scenarios in this podcast and discuss the importance of Fair Housing laws, even in scenarios where you may be exempt. To learn m...
Mar 17, 2020•11 min•Season 2Ep. 9
Knowing which deductions apply to you as a landlord will help you take full advantage of available tax benefits during filing season - allowing you to keep more cash in the bank. In this podcast, we discuss equipment and supply deduction categories to keep in mind as you gear up for the big day. By learning your deduction landscape now and by tracking potential deductible purchases, your life will be much easier on tax day. Learn More Here: https://www.tenantcloud.com/blog/tax-deductions-for-lan...
Mar 11, 2020•13 min•Season 2Ep. 8
Whenever you surf the Internet or read an email, you should always take caution of where you are “virtually.” There are bad neighborhoods in every city and those same places exist online. It is becoming harder for online criminals, so now they create areas hoping you come to them. In 2020 and beyond the internet will only become increasingly integrated in our lives in more ways than we may even realize as of today. In today's podcast, we'll cover the Top 10 ways to help protect your landlord bus...
Mar 03, 2020•19 min•Season 2Ep. 7
Are you looking for a tool that adds value to your rental business this year? Something that has the power to turn prospects into tenants and monitor your leads in one place? If not, you should be. Tracking leads through an effective CRM (Customer Relationship Management) tool is essential to the success of any business, including your rental business. In this podcast, we'll review six practical reasons why you need to use a CRM for your rental business. To learn more: https://www.tenantcloud.co...
Feb 25, 2020•16 min•Season 2Ep. 6
Have you already finished your taxes? Chances are you haven’t. Whether it is satisfying the Cohan Rule, automating your accounting processes, or taking hours (or even days) to file a Schedule E, we can all use some insight into best accounting practices for the year-end tax season. As tax season is well upon us, we share three tips for getting through it. In this podcast, we'll cover three important tips that will help make this tax season, your most relaxed tax season yet. Read more at https://...
Feb 18, 2020•17 min•Season 2Ep. 5
From the asset-rich investors with land who want to operate the tiny house as a business to the ADU (or, additional dwelling unit) in someones back yard where they rent it out on Airbnb... Or maybe it's the adults who want a home nearby for Mom or Dad to live in on their property or the parents who want to give their 20-something children a start with their first home, make no mistake --- the Tiny House Movement is on fire. Stay tuned to discover the unexpected impact that tiny houses are having...
Feb 11, 2020•18 min•Season 2Ep. 4
Tenant turnover can be stressful for almost any landlord. It brings extra tasks to complete, from repairs and cleaning to advertising and tenant screening. Vacant units mean lower income, additional expenses, and other property-related hassle. More at https://www.tenantcloud.com/blog/stay-with-me-how-to-keep-your-tenants-from-leaving
Feb 04, 2020•17 min•Season 2Ep. 3
A major reason for owning a rental property is the tax advantages, but many don’t end up utilizing the advantages because they get lost in the details. As a real estate investor you need to make sure to take advantage of all the benefits. The advantages are the deductions and expenses that go with your rental.
Jan 28, 2020•10 min•Season 2Ep. 2
Over the course of the year, we have had the chance to talk to a few real estate professionals who managed to double their portfolio and automate their business during this year. We took their experience, studied upcoming trends, and created this 2020 guide for landlords. Here are 20 things that landlords should do in the upcoming year: https://www.tenantcloud.com/blog/20-things-you-as-a-landlord-should-do-in-2020
Jan 21, 2020•26 min•Season 2Ep. 1
No matter if you're a first-time landlord or a professional with years of property management experience, some tenant complaints might make you pretty confused. But the good news is that any complaint can be handled with the help of effective communication strategies and certain tech tools. Read more at https://www.tenantcloud.com/blog/top-five-tenant-complaints
Jan 14, 2020•25 min•Season 1Ep. 28
Typically there are two categories of landlords out there: the professional landlords and the amateur ones. The latter are often referred to as 'accidental landlords'- people who never treated their home as a long-term business investment, but have become real estate investors due to life circumstances. Read more at https://www.tenantcloud.com/blog/four-tips-on-how-to-make-a-successful-accidental-landlord
Dec 17, 2019•17 min•Season 1Ep. 27
Investing in residential or commercial rental properties has always been an attractive idea. Although this type of investment requires an initial outlay, it's a rewarding solution often associated with high ROI and ongoing passive income. Read more at https://www.tenantcloud.com/blog/perks-of-investing-in-rental-property
Dec 10, 2019•12 min•Season 1Ep. 26
Why do you think some landlords become successful entrepreneurs while others have a hard time developing their rental business? The harsh truth is that landlording isn't for everyone. But fortunately, there are a few traits any landlord can develop in order to build wealth while running a property management business. Read more at https://www.tenantcloud.com/blog/five-qualities-of-a-highly-effective-landlord
Dec 04, 2019•10 min
The value of your rental depends on a range of factors including its size, overall condition, infrastructure, etc. If maximizing ROI of rental properties is a priority, finding effective ways to enhance the value of your rentals should be on your to-do list. Read more at https://www.tenantcloud.com/blog/affordable-ways-to-increase-the-value-of-your-rental
Nov 26, 2019•11 min
Compact apartments are budget-friendly spaces that require less cleaning, less maintenance, and lower rent. For a lot of prospective tenants, those are all huge perks! It is important to properly highlight them to get maximum exposure for smaller-sized rentals. Read more in our blog at https://www.tenantcloud.com/blog/small-rental-decorating-ideas
Nov 19, 2019•13 min
Preparing rentals for the winter season is essential for every landlord. Imagine getting a maintenance call to clean a chimney or clogged gutters on New Year's Eve. Naturally, nobody would be thrilled about it- that's why you need to take a few steps to get your rental ready now before bad weather and the holidays arrive. Read more at https://www.tenantcloud.com/blog/your-pre-winter-home-maintenance-checklist
Nov 13, 2019•19 min
What's the difference between a tenant and a long-term guest? They both occupy the rental and take advantage of apartment amenities. But only one of them is on the lease and is fully responsible for rent payments. The question is: "Who's this other person? And what are they doing in my rental property for a month or so?" Find all the answers in our blog at https://www.tenantcloud.com/blog/how-to-deal-with-long-term-guests-in-your-rentals
Nov 05, 2019•15 min
If you take care of things, they last. If you take care of your rental properties, you're likely to minimize tenant turnaround by attracting long-term renters. Bonus: well-maintained rentals never stay vacant for too long. Because minor damages and poor maintenance often lead to dangerous consequences, let's go over a few issues that can affect your rentals if they are not taken seriously. If you discover any of the following hassles with your own home or the rentals you manage, the best thing y...
Oct 29, 2019•15 min
