How to Open an Escrow Account for Security Deposit

How to Open an Escrow Account for Security Deposit

Most landlords are unaware that there are laws on where to keep tenant security deposit funds. That’s why it’s important to know how to open an escrow account for security deposit money. A common mistake is co-mingling security deposit funds with other money in the same bank account. In the video below we share how…Read More

Podcast 152: SmartMove Background Checks Have Arrived at RentPrep

#152 – SmartMove Report Background Checks For Landlords

For over 10 years we’ve hand-compiled each and every renter background check for our clients and have included a pass/fail credit check as an available add-on. Now we’re pleased to announce we are offering SmartMove background checks for landlords as well. The main reason we’re doing this is because some landlords prefer to see the…Read More

360 Video Rental Tours

360 Video Rental Tours (a trend or a fad?)

Why would anyone want to go through the hassle of creating a 360 video tour for their rentals? Well… once upon a time your marketing consisted of posting tear-off flyers around town, which were eventually replaced by sites like craigslist and zillow. After awhile simple text only listings became obsolete and you needed to add good…Read More

Podcast 151: 7 Habits of Highly Effective Landlords

#151 – Seven Habits of Highly Effective Landlords

Stephen R. Covey wrote the book called “The 7 Habits of Highly Effective People” where he discusses the circle of influence. Here’s a video showing how to use this technique as a landlord. Discussions in this episode: Intro – Talking about circle of influence 3:00 – Tenant paying rent late and taking control 4:10 – Creative ways…Read More

Podcast 150: Landlord Balderdash: Round 5

#150 Final Round of Landlord Balderdash

This is the 5th round of Landlord Balderdash where Steve has to guess which landlord story is real and which one is balderdash. We’ve decided there should be a punishment for the loser… … we present you with a 360 degree video of us electrocuting the loser of Landlord Balderdash. Discussions in this episode: Intro –…Read More

Podcast 149: Consumer Credit Reporting Changes

#149 Credit Changes Landlords Should Know About

Starting July 1st, 2017 there are some major changes coming down the pipeline on consumer credit reporting. In this podcast Steve explains how judgements & liens will begin to be removed due to the National Consumer Assistance Plan. This letter from the Senior VP of Client Operations at Experian sheds even more light on the subject….Read More

Podcast 148: Property Management Tips

#148: Property Management Tips with Hampton & Hampton

Have you ever heard of having a 3rd party do your inspections for Move-In Move-Out and lease renewals? Steve and Eric have never heard of this until reading this tip from Kim Meredith-Hampton of Hampton & Hampton. Hampton & Hampton is a property management company based in Orlando and they share some of their tips…Read More

Podcast 147: Can a Landlord Install a Coin-Operated Toilet in a Rental Property?

#147: Coin Operated Toilet In Rental?

In Melbourne, Australia a tenant has claimed his landlord installed a pay-per-use toilet in the apartment. This discussion started on reddit on this thread. It brings up a good discussion on things that make financial sense but aren’t worth the extra money. Show Note: Click here to request to join our private Facebook group. Interesting takeaways…Read More

Podcast 146: Landlord Balderdash: Round 4

#146: Round 4 of Landlord Balderdash

Eric is up 2-1 on Steve in the game of Landlord Balderdash. In this episode Steve tries to battle back and see if he can guess which landlord story is real and which one is fake. Interesting takeaways from this episode: Story 1: Tenant moves out and leaves trash all over the unit and calls…Read More

Podcast 145: Landlord Balderdash: Round 3

#145: Round 3 of Landlord Balderdash

Eric is up 2-0 on Steve in the game of Landlord Balderdash. In this episode Steve tries to battle back and see if he can guess which landlord story is real and which one is fake. Interesting takeaways from this episode: Be careful of social security numbers and information that applicants use. We’ve seen instances…Read More