Landlord Favorites, Our Top 5 Podcasts

Do you ever wonder what other landlords may be interested in learning? This week on the podcast we are kind of creating a little pseudo networking by discussing which episodes are landlord favorites with our top 5 podcast released.

As we approach our 100th episode and that 20,000 download mark, we thought maybe it would be a good idea to talk about what you, the listeners, loved the most.

It’s a quicker episode with a short synopsis of our top 5 episodes.  We are proud of them and hope you will love them too.

LINKS

👉Episode 6: Creating Standard Operating Procedures for Your Business

👉 Episode 45: Basic Tax Strategies for Real Estate Investors

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

👉 Episode 16: Is Holding Your Rental Property in an LLC Right for You?

👉 Episode 56: How and When to Transfer Your Rental Property into an LLC

👉 Episode 58: The Hidden Costs of Owning and Operating Rental Properties

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

One way text only, you need to include your email for a response.

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Transcript

Stacie: 0:00

As we approach our hundredth episode and that 20,000 download mark, we thought maybe it would be a good idea to talk about our top five downloaded podcasts that you listeners love most. A few of them I can totally see. One or two kind of surprised me.

Kevin: 0:18

Yeah, I'm looking forward to reflecting back on those episodes that resonated most with our landlord community. So are you ready to take a trip down memory lane?

Stacie: 0:28

Yeah, for sure. Let's do this.

0:34

Welcome to your landlord resource podcast many moons ago. When I started as a landlord, I was as green as it gets. I may have had my real estate license, but I lack confidence in the hands on experience needed when it came to dealing with tenants, leases, maintenance, and bookkeeping. After many failed attempts, fast forward to today. Kevin and I have doubled our doors and created an organized, professionally operated rental property business. Want to go from overwhelmed to confident? If you're an ambitious landlord or maybe one in the making, join us as we provide strategies and teach actionable steps to help you reach your goals and the lifestyle you desire. All while building a streamlined and profitable rental property business. This is Your Landlord Resource podcast.

Stacie: 1:23

Hey there, landlords, and thank you so much for listening to the Your Landlord Resource Podcast. I am your host, Stacie Casella, and I'm here with my co host, Kevin Kilroy.

Kevin: 1:33

Hello there, everybody. Just coming on here today, and we're going to keep this episode short and sweet because we're crazy busy and we realize all you guys are too.

Stacie: 1:45

All right, you guys so we are getting close to our hundredth episode and quite frankly I'm surprised at how quickly the time went. If you would have told me in 2021 when we started Your Landlord Resource that we would have a weekly podcast that is now nearing 20,000 downloads. I would have laughed in your face and told you to take a hike.

Kevin: 2:10

Well, the funny thing is we started out on Instagram and we posted a few tips here and there. And we know that people want to watch videos or listen to us talk about those tips but to be honest Instagram isn't really the best place to do all that. And if we're really being honest, we don't prefer live content on Facebook. We know that's what people want and we're working up to it. But for now this podcast, where we can wear our sweats and record anytime, day or night, just so long as it's done and ready by Monday morning, that's what we offer.

Stacie: 2:46

Yeah, I mean, live videos have to be planned out, and if I'm being honest, life is so damn crazy right now that scheduling live content is just too overwhelming to handle. And we love you all, and we're here for you, and we want to answer all your questions and such, but talking live is way too nerve wracking for me. So with that said, as we approach our hundredth episode and that 20,000 download mark, we thought maybe it would be a good idea to talk about our top five downloaded podcasts that you listeners love most. A few of them I can totally see. One or two kind of surprised me.

Kevin: 3:27

Yeah, I'm looking forward to reflecting back on those episodes that resonated most with our landlord community. So are you ready to take a trip down memory lane?

Stacie: 3:37

Yeah, for sure. Let's do this. All right, coming in at number five is episode six, Creating Standard Operating Procedures for Your Business. Which to me says that landlords are really taking owning rental property seriously and looking at ways to streamline their business so that they can one, run their operations more consistently and professionally. And two, be prepared should someone else need to step in and run it for them just in case there's an emergency. In this episode we covered everything from tenant screening to maintenance processes and even end of year financial reviews. Having those systems in place makes life so much easier for self managing landlords. Think of the tasks that you complete for your business. You have a way of doing things that work best for you and for the properties that you own. Is there someone else who knows how to do what you do day in and day out? Because life happens, accidents and illnesses can take a person out for long periods of time. Much like a will or a living trust that you create to designate what others are to do with your assets if you pass away, standard operating procedures are those for your business. Standard operating procedures is your handbook or operation manual. Your step by step and how to guide that describes how you, or someone else, should be completing tasks associated with your business. We go over some steps from Michael Gerber's book, the E Myth Revisited, where he discussed innovation and how you can learn from others the best way to do something and implement it into your business model.

Kevin: 5:24

Yeah, I remember that. And I, I think that one, we discussed fast food restaurants and how one model was developed and then they copied that model and sold them as franchises. Now it's not necessarily that cut and dried with rental properties because everyone has different goals they want to achieve. The bottom line is that the more policies and procedures you can create and follow, the easier it is to grow your business.

Stacie: 5:51

Yeah, it's a rinse and repeat kind of thing.

Kevin: 5:54

Exactly. So you can listen to our episode on creating standard operating procedures by going to yourlandlordresource. com episode 6. We will link all the episodes in the show notes as well. Okay. Number four of the most popular podcasts of ours is episode 46, which is Advanced Tax Strategies For Your Real Estate Portfolio. Now this one was actually the second of a two part series and part one did land in the top 10 of our podcast episodes. So maybe give that one, which is episode 45 a listen first and then move on to episode 46. Anyway, as you all know, taxes are often a landlord's biggest expense. So in this episode, we shared strategies like depreciation, cost segregation, and doing a 1031 exchange. Where in episode 45, we talked about basic tax strategies, in this episode we dug a little deeper and discussed more advanced tax strategies that take a little time to consider and put in place. Like the tax benefits of holding your rentals in a legal entity, creating ways to use funds you already have to buy rental properties tax free or tax deferred, the ins and outs of cost segregation, and how, if you qualify as a real estate professional, you should. And you guys we're not just tossing out info to say you should, we are telling you why they are important to your growth as a real estate investor and how to implement these tax advantages to scale your portfolio of rental properties.

Stacie: 7:41

Yeah, that episode was packed with ways to keep money in your pocket. And you can give it a listen at yourlandlordresource. com episode 46 or click the link in our show notes. All right. Coming in at number three of our top five podcast is episode 16 called Is Holding Your Rental Property in an LLC Right For You. Now, in this episode, we talked all about the benefits and challenges of LLC ownership. Things like liability protection, potential tax implications, and the administrative requirements. You guys, it's a big decision and we did our best to provide a balanced perspective. Our goal was to help landlords feel confident about what works best for their specific situation. This episode is packed with a lot of technical information. So when you listen, try to be in a space where you can focus on what we're saying. We cover everything we know about creating and operating an LLC. There are a lot of pros and cons included in this episode and we give you a list of points to consider when thinking about whether an LLC is a good idea for you to hold your rental property investments in. From what goes into the creation and maintenance of an LLC to the location of that LLC when you own out of state property, as well as how an LLC can even benefit your heirs. We really did try to discuss all the points that one would need to know before making the decision.

Kevin: 9:19

Yeah, and we hope this, as with all our episodes, gives you something to think about when creating a professional and streamlined rental property business. You can give that episode a listen at yourlandlordresource. com episode 16 or click the link in our show notes. Okay, getting down there now. And it's no surprise that number two of our most listened podcast is the follow up episode to the one you just talked about. So episode 56, How and When to Transfer Your Rental Property Into an LLC, came about because we had a lot of requests asking us to talk about the actual process of transferring your rental property into an LLC. It may seem like a very cut and dried concept, and for the most part it is, but there is quite a bit to know about the process before you take the steps to make that transfer. Things like, will your mortgage lender allow it? What if my rental was purchased with a 1031 exchange that was titled to my personal name? What forms do we need to use? Or how will the process affect getting loans on future properties? We are using personal stories of our transfers to help you get a clear understanding of why we did or did not choose to transfer our rentals into an LLC. Plus, we tried our best to keep it as simple as possible so you can have a clear understanding of what transferring your real estate investments into an LLC entails. And here is our disclaimer. We are not lawyers nor CPAs. The information that we provide in our episodes is from our personal experiences and is not to be considered as legal or tax advice. We highly recommend you consult with your professional legal and financial counsel before implementing any advice that we put out in this podcast.

Stacie: 11:18

Yeah, and that last episode is all about asset protection. You know, we discussed the process of transferring properties into an LLC and highlighted when it might be the right move based on your portfolio and your risk level.

Kevin: 11:33

It's such an important topic for landlords who want to safeguard their investments. We also had some great insights from legal experts on this one, so be sure to check it out if you're weighing the pros and cons of an LLC. You can listen by going to yourlandlordresource. com episode 56.

Stacie: 11:54

Yep, and as with all the episodes the link is in our show notes as well. All right. We are down to number one, our most downloaded podcast episode.

Kevin: 12:05

You know what? I don't know why, but I think we're sounding like Casey Kasem for any of those people old enough to remember who he was. But sorry, go ahead.

Stacie: 12:15

We're down to number one. And this is the one that shocked me the most.

Kevin: 12:21

Why is that?

Stacie: 12:22

Because I guess I would assume that most landlords would have a good understanding of the expenses that come with owning rental properties. No, I guess I should tell you about the title.

Kevin: 12:33

Yeah, now that might be helpful, Stace.

Stacie: 12:35

Alright, right. Okay, our number one podcast episode is number 58, called The Hidden Cost of Owning and Operating Rental Properties. And in this episode, we broke down those not so obvious expenses that can creep up on rental property owners, like turnover costs or unexpected maintenance, and even the time that is spent managing landlord tenant relationships. You know, one thing that everyone needs to realize is that how we own and operate our rental property business may differ from your way of doing things. I know crazy concept, right? The thing is that the kind of rental that you prefer, be it single family homes or large multi family complexes, and the location of those, be it out of state or right in your backyard and the condition of those, be it run down with a ton of added value or with everything in place so all you have to do is step in and run it. All that stuff makes a huge difference on what your expenses will be. However, there are a bunch of expenses that some landlords, us included, might forget to consider when we are evaluating a new property or maybe even when making a change to an existing one. Those hidden expenses are what this episode is all about, so give it a listen to learn what you might have to prepare for. You can find it at your landlord resource. com/episode 58 or linked in the show notes.

Kevin: 14:14

Yeah, and I want to add we also share some actionable tips on how to budget smarter and avoid getting blindsided. I mean, this episode is definitely a must listen for staying ahead of your expenses.

Stacie: 14:27

Yeah, well, I guess now it makes more sense as to why it's our number one rated podcast. All right, you guys, there you have it. Our top five most popular episodes. We thought it would be a great way to show you which episodes your landlord peers seem to be most interested in. If you haven't listened to these yet, now's the perfect time to catch up. That is our podcast for today. We hope you enjoyed it. We would love to hear from you guys. Let us know what your favorite episode is or what topics you want us to cover next. You can text us at 650 489 4447, or you can email us at Stacie yourlandlordresource. com. That's Stacie with an I E or Kevin yourlandlordresource. com. And we're going to link all that in the show notes too. If you enjoyed this episode, would you do us a favor? Would you leave us a kind review of the podcast? Reviews help others find out that we're the real deal. And if you want to hear more, follow or subscribe to the podcast so each week the episodes are downloaded right to your favorite podcast platform. And we'd love to stay in contact with you. In the show notes, you can find links to all the free downloads that we offer, ways to sign up with our free newsletter, and the waitlist for our upcoming course on tenant screening. There's also links to our private Facebook group that's just for landlords and our social media accounts on Instagram and Facebook, as well as YouTube where we share very informative, detailed tips and tricks for landlords. So check those out. I think that's about it. Thanks again. And until next time, you've got this landlords.