landlordtips

So, you want to know how to rent your house out. Maybe you’re upsizing or downsizing, moving away for work, or just want to buy another primary residence and take advantage of low-money down loans. Whatever your reason, renting out your primary home can be a phenomenal way to get into the real estate investing game. You’ll make passive income, all while holding on to the equity in your home and appreciation potential. So, how do you start? David, Henry, and Rob are all on the show today to give you a step-by-step guide to turning your primary residence into a rental property. Hundreds of properties have been owned between these three investing experts, and all of them have turned their primary residences into rental properties multiple times. But before you rent out your home, you’ll need to know if your home is even rentable. We’ll tell you exactly what you need to know to decide whether or not your home would make a good rental, how to make the most money possible off your home with affordable finishes, added amenities, and upgrades, how to decrease your liability and keep your property safe, insuring your rental, screening tenants, collecting rent, and more. If you’re a beginner landlord or are renting out your home for the first time, you CANNOT miss this. In This Episode We Cover: How to convert your primary residence into a rental property  How to know whether or not your home would even make a profitable rental  Areas to invest in and what potential renters will look for Long-term vs. short-term rental investing and how to know which works best for your home Affordable finishes and amenities you can add to rent out your home for more What you MUST fix in your home to keep your liability as low as possible Landlord insurance and the one added policy you (probably) should get How to screen tenants, collect rent, and get substantial tax benefits Whether to invest in out-of-state rentals or buy property in your backyard And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Check Out the BiggerPockets Blog Posts for Beginners FIRE by 27 Using the “Chick-Fil-A Rule” of Real Estate How To Rent Your House: A Step-By-Step Guide Use RentRedi to Screen Tenants, Collect Rent, and More Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-872 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate market to invest in and how do you make the most money while having the least amount of stress? Only experienced landlords know how to answer these questions. They’ve bought dozens of houses, dealt with numerous tenants, and been through trial and error, so you don’t have to. And that’s exactly what this episode is all about. Ashley Kehr, host of the Real Estate Rookie Podcast, and Craig Curelop, author of The House Hacking Strategy, are here to answer common landlording FAQs. Both Ashley and Craig have had so much interest in their individual endeavors that they’re now hosting the BiggerPockets Bootcamps! Ashley’s will teach you about buying (and managing) your first property the right way, while Craig’s house hacking bootcamp will give you everything you need to buy your first house hack property in just ten weeks! Along with real estate regulars David Greene and Rob Abasolo, Ashley and Craig will be touching on some hot topics in today’s episodes. Topics like when to give rent credits to tenants, pros and cons of renting by the room, the first steps to take after getting a property under contract, how to show your rental units, and where to find the best real estate markets around.  In This Episode We Cover: Tenant rent credits, when to apply them, and the dangers of using them improperly Pros and cons of renting by the room and how house hacking can be seriously profitable Mixed-use properties and the first steps you should take after getting one under-contract In-person vs. virtual showings and which are better for leasing/selling a property Becoming a “passive” landlord and setting your system up to take care of headaches for you The telltale signs of a great rental property market and which states show the biggest signs of progress And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10” Listen to The “Real Estate Rookie” Podcast with Ashley Kehr Avail’s Landlord-Tenant State Laws Book Mentioned in the Show: The House Hacking Strategy by Craig Curelop Connect with Craig & Ashley: Ashley's BiggerPockets Profile Craig's BiggerPockets Profile Ashley Instagram: @wealthfromrentals Craig's Instagram: @thefiguy   Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-652 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, Sam from London and Matt from Birmingham…

...ask Rob & Rob... How do I sell a property to my own company? PLUS: Any tips for renovations?

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On today’s episode of the BiggerPockets Podcast, we look at the topic of landlording and get some great advice from long-time landlord Kevin Perk. Kevin is a very successful investor from the Memphis area and has a real good grasp on finding and dealing with tenants as well as some unique methods of financing his properties, getting rid of bad tenants, and building wealth. There is a lot of really great tips and advice for anyone looking to grow their buy and hold real estate business. Read the transcript to episode 36 with Kevin Perk here. In This Show, We Cover: How Kevin finances dozens of properties with creative financing Private lending and methods to use commercial financing to invest Making offers that get accepted The three things that turn a landlord into a slumlord – and how to avoid them Online technology to help attract and manage tenants Signs of future bad tenants How to fill vacancies during the holiday season The best and worst parts of being a landlord Real estate clubs: determining the good, the bad, and the ugly Links Mentioned in the Show: The Real Estate Agent’s Ultimate Guide to Dealing with Investors Tenant Screening: The Definitive Step by Step Guide How to Rent Your House: The Ultimate Step by Step Guide AppFolio.com Top Online Property Management Software list from BiggerPockets Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki Cash Flow Quadrant by Robert Kiyosaki The E-Myth Revisited by Michael Gerber The Book on Flipping Houses by J Scott The Book on Estimating Rehab Costs by J Scott Tweetable Topics: Don’t drop your standards just to quickly fill a vacancy. (Tweet This!) When investing in real estate, have some cash reserves. (Tweet This!) If you bet on appreciation – you are going to lose. Real estate doesn’t always go up. (Tweet This!) Connect with Kevin: Kevin’s BiggerPockets Profile Kevin’s Blog: SmarterLandlording.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Being a Landlord can often be challenging, expensive, and stressful. So, today on the BiggerPockets Podcast we are speaking with Al Williamson, an active BiggerPockets member and inner-city landlord who has decades of experience dealing with tenants in both multifamily and single family rentals. Al is a pro at reducing expenses, increasing income, and dealing with difficult landlording situations – which is why we wanted to sit down with Al today. Before we get to the show, thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 117 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you! Read the transcript of episode 08 with Al Williamson here. In Today’s Podcast, We Cover: How Al used a 1031-Exchange to “Trade-Up” to a larger property. Tips for living in a small multifamily and living with tenants. How to avoid being a slumlord in rough areas. Why simply picking up trash can transform your investing. The power of “Patient Equity.” Al’s goal of Not being dependent on the tenants’ rent to pay the bills. Ideas for both increasing income and cutting expenses. Al’s plan to revolutionize income for multifamily properties. How Al used a very small syndication to buy a rental property The biggest challenges for an up-and-coming landlord. What the “Landlord Lid” is – and how to overcome it. How to Invest in Real Estate when you have a full time job AND a busy family life at home Links From the Show: [Video] How I Quickly Analyze an Investment Property The BiggerPockets Blog The BiggerPockets Forum Al’s BiggerPockets Member Blog 1031-Exchange Resources KickStarter.com BP Podcast Show 3 with Brian Burke The National Night Out Insanity P90X Books Mentioned in the Show Rich Dad Poor Dad The 36 Hour Real Estate Investing Course John Maxwell Al’s Book The Catalytic Landlord – on Kindle Serious Creativity by Edward De Bono Tweetable Topics: “Landlord tip for improving the neighborhood: Go and meet the neighbors!” (Tweet This!) “Often times things go unresolved because no one is operating as a leader. Are you?” (Tweet This!) “Spend time getting really good with your first investment before branching out.” (Tweet This!) “Sometimes you have to pay your ‘learning tuition’ and lose money when you take risks.” (Tweet This!) “Your real estate investment should be a physical representation of you.” (Tweet This!) “Why are you building wealth? The most successful leaders KNOW this answer.” (Tweet This!) About Al AL Williamson is Civil Engineer and landlord from the Sacramento, California area. Al has invested in real estate since 1996, focusing mostly on multifamily properties in urban areas. Al’s BiggerPockets Profile Al’s G+ and Facebook Al’s Blog: LeadingLandlord.com Learn more about your ad choices. Visit megaphone.fm/adchoices