The Accidental Landlord
Stumbled into being a landlord and accidentally managing a property? Well, if life’s thrown you a curveball, jump into this show to fasttrack your accidental landlord learning curve! On The Accidental Landlord, Peter will help you navigate this accidental journey you’ve been put on, figure out how to find your footing, and connect you with all the right resources. This show will help shave YEARS off of your learning curve by bringing you guests who have already been on this same journey. He’ll feature industry experts in this brave new world who will help you make the best decisions possible and keep yourself from making any monumental mistakes. Join Peter as he shines a light on the good, the bad, and the ugly of property management.
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Mid-Year Market Check-In (June 2025)
06/04/2025
Mid-Year Market Check-In (June 2025)
In this mid-year market update, Peter McKenzie provides insights into the current state of the rental property market as of mid-2025. He discusses recent trends, challenges, and opportunities that landlords should be aware of to navigate the evolving landscape effectively. Market Trends: Analysis of rental demand, vacancy rates, and rental price fluctuations in various regions Legislative Updates: Overview of new laws and regulations affecting landlords, including any recent changes in rent control measures Insurance Considerations: Discussion on the importance of adequate insurance coverage, especially in light of recent natural disasters impacting property owners Property Management Tips: Best practices for maintaining properties, handling tenant relations, and ensuring compliance with legal requirements. Rincon Property Management - For expert property management services and advice. Website: Email: Follow us on Facebook, Twitter, YouTube, and LinkedIn. 00:00 - Intro & Welcome 01:03 - Rental Market Update 06:03 - Legislative Changes 09:50 - Insurance & Risk 14:00 - Management Tips & Q&A 17:00 - Closing Remarks
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Mastering the Mid-Term: Why 3-6 Month Rentals Might Be Your Sweet Spot
05/28/2025
Mastering the Mid-Term: Why 3-6 Month Rentals Might Be Your Sweet Spot
In this episode of The Accidental Landlord, we dive into the often-overlooked world of mid-term rentals - the 3 to 6-month sweet spot that’s gaining traction across the property market. Whether you’re managing a single property or scaling up a portfolio, this episode is packed with practical advice on: Why mid-term rentals might offer the best of both worlds (less wear than short-term, more flexibility than long-term) The types of tenants that suit this model - from corporate travellers to displaced homeowners The unique legal and tax implications you need to know How to market your property for mid-term success (hint: photos still matter!) Plus, you'll hear real-world anecdotes and a few honest landlord confessions that’ll make you feel a little more seen. Tune into the full episode so you don't miss a special offer of 20% off with Furnished Finder (offer expires May 28, 2025). Key Takeaway: Mid-term rentals aren’t just a backup plan - they can be a smart, strategic option that improves cash flow and reduces turnover headaches. 🔗 Resources & Mentions: Looking for more information on the mid-term rental strategy? Check out our learning hub and subscribe for regular updates: Get in touch with our team: https://www.rinconmanagement.com/contact 📲 Connect with us: Subscribe for more tips and real-world stories from fellow landlords. 00:00 - Introduction 02:15 - What Are Mid-Term Rentals? 05:50 - Why This Strategy Works (and Who It's For) 10:20 - Legal & Tax Considerations 14:40 - Tenant Profiles: Who’s Renting Mid-Term? 18:00 - Marketing Your Property Effectively 21:10 - Common Pitfalls & What to Avoid 25:00 - Listener Question: “Can I Leave My Furniture?” 28:15 - Final Thoughts & Key Takeaways
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Navigating Insurance Claims Post-Wildfire: What Landlords Need to Know
04/02/2025
Navigating Insurance Claims Post-Wildfire: What Landlords Need to Know
In this episode of The Accidental Landlord Podcast, host Peter McKenzie is joined by insurance expert Carl Bulloch to unpack one of the most stressful (and frustrating) parts of being a landlord in California - dealing with wildfire insurance claims. With the devastating January 2025 wildfires still fresh in everyone's mind, thousands of landlords are stuck in limbo, waiting on delayed payouts, battling claim denials, and facing rising premiums or non-renewals. Sound familiar? Carl brings firsthand expertise to help you make sense of it all - from what to look for in your policy, to dealing with stubborn insurance companies, to understanding why insurers are pulling out of California and what the FAIR Plan really offers. Whether you're mid-claim, underinsured, or just trying to stay ahead of the next disaster, this episode is packed with practical strategies to protect your investments and sanity. 💡 Key Takeaways: - Many landlords are still waiting on wildfire claim payouts months later - Underinsurance is rampant - know what your policy actually covers - Insurers are increasingly backing out of high-risk areas like California - There are ways to fight unfair denials and lowball offers - The California FAIR Plan might be your only option — but it comes with trade-offs - Staying proactive with upgrades, records, and legislation can make a real difference 📞 Need help managing your rental property post-wildfire? Reach out to Rincon Property Management for expert support, risk mitigation strategies, and boots-on-the-ground assistance. 🔔 Subscribe to The Accidental Landlord Podcast for more straight-talking advice for property investors navigating the wild world of real estate.
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Crisis & Consequences: California's Crackdown on Rental Price Gouging
03/05/2025
Crisis & Consequences: California's Crackdown on Rental Price Gouging
When the Eaton and Palisades fires tore through Los Angeles County, more than 10,000 structures were reduced to ash, leaving thousands of families suddenly homeless. As displaced residents scrambled for housing, some landlords saw an opportunity—not to help, but to profit off a crisis. In just 11 days, over 1,300 rental listings appeared to violate California’s price gouging laws, with landlords increasing rents by as much as 150%. These illegal rent hikes added up to an estimated $92.4 million per year in overcharges—a staggering amount for a city already facing a housing crisis. But now, California officials are cracking down. With fines up to $50,000 per violation, criminal investigations, and an urgent push for enforcement, the state is taking bold steps to protect renters from exploitation. In This Episode, We Cover: ✔️ How California’s Price Gouging Laws protect renters during emergencies ✔️ The legal limits on rent increases after a disaster ✔️ The massive fines & legal consequences landlords now face ✔️ Why bidding wars and insurance company overpayments are illegal ✔️ How landlords can stay compliant and avoid penalties ✔️ The ethics of rental pricing—why fair pricing matters in times of crisis Whether you’re a renter, landlord, or real estate professional, understanding these laws is critical. We break it all down so you know your rights, responsibilities, and what’s at stake. Helpful Resources & Links: 📖 Read the full blog post here: … 📌 (CA DOJ Website) 🏡 Need expert guidance on rental pricing? 🔔 Subscribe for more insights on real estate, rental laws, and housing market trends!
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Caught in the Crosshairs: When Landlords Become Legal Targets
02/01/2025
Caught in the Crosshairs: When Landlords Become Legal Targets
In this episode of The Accidental Landlord, host Peter McKenzie sheds light on the growing risk of landlords facing lawsuits under the Americans with Disabilities Act (ADA) and the Fair Housing Act (FHA). These laws, while designed to protect tenants' rights, have also been exploited by serial lawsuit filers who target landlords and business owners. Peter breaks down the key areas of compliance, including parking accommodations, accessibility routes, and tenant communication requirements. Through real-world case studies, he illustrates how landlords have been caught in legal battles—sometimes for minor infractions. He also discusses California-specific laws that further complicate the legal landscape for landlords. If you own rental property, this is a must-listen episode to help you understand: ✔️ How the ADA and FHA apply to landlords ✔️ The risks of predatory lawsuits and how to avoid them ✔️ Real case studies of landlords facing legal action ✔️ Best practices to protect yourself and your investment Key Takeaways: The ADA applies to public areas of multifamily properties, while the FHA covers tenant accommodations inside rental units. Serial lawsuit filers often target landlords for minor infractions, costing them thousands in legal fees. California laws add extra layers of compliance, including the Unruh Civil Rights Act and the Fair Employment and Housing Act. Landlords must take accommodation requests seriously, especially for service/support animals and accessibility modifications. Proactive inspections and compliance checks can help landlords avoid costly legal trouble. Resources & Next Steps: 🔗 Stay informed—consult property management professionals, attorneys, and legal resources to ensure compliance. 📞 Need expert property management guidance? Contact Peter McKenzie’s team for landlord support by visiting today. 👍 If you found this episode valuable, subscribe and share with fellow landlords!
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California Landlords, Beware Legal Shifts You Can’t Ignore
12/30/2024
California Landlords, Beware Legal Shifts You Can’t Ignore
🎧 In this informative episode, Peter McKenzie wraps up 2024 by examining critical legal changes affecting landlords, especially those managing properties in California. He highlights significant legislation, compliance challenges, and strategies for landlords to remain profitable while navigating complex regulations. Key Topics Discussed: 2024-2025 Regulatory Landscape: Insights on Senate Bill 567 and Assembly Bill 1482, focusing on statewide rent control and just cause eviction laws. New Legislation Impacting Landlords: Assembly Bill 2493: Application screening fee regulations. Assembly Bill 2801: Security deposit procedures and required documentation. Senate Bill 611: Limitations on tenant fees and expanded protections for commercial tenants. Assembly Bill 2747: Mandatory credit reporting requirements for landlords. Assembly Bill 2622: Revised contractor payment thresholds for minor repairs. Local Updates in Ventura County: Enforcement of short-term rental laws in Ventura and Oxnard. Potential new rent control and eviction protections in Ventura. Compliance Strategies: The importance of legal audits and updating leases to reflect new laws. Leveraging professional resources like attorneys and property managers to stay compliant and build trust with tenants. Whether you're a seasoned landlord or new to property management, this episode equips you with the knowledge to navigate legal challenges, protect your reputation, and maintain tenant relationships in a constantly shifting regulatory environment. For more resources and expert advice, visit . Subscribe, leave a review, and stay informed on stress-free property management strategies!
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New Rent Control Measures Fail to Pass, Rental Market Cools Down | Market Update Q3 2024
11/26/2024
New Rent Control Measures Fail to Pass, Rental Market Cools Down | Market Update Q3 2024
🎧 In today's episode, our host Peter provides a quarterly market update for the rental market in Ventura County, along with an update on "Proposition 33", a legislation that failed to pass whose objective was to expand rent control laws to single family housing along with additional rent control regulations 🌟 Partner with Rincon Property Management: Ventura County’s most trusted property management company 👉
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Eviction Hell: How this California Landlord Lost Over $200K
10/07/2024
Eviction Hell: How this California Landlord Lost Over $200K
Being a landlord can be a financially rewarding job, but sometimes it comes with great risks. 🎧 In this episode, our host Peter McKenzie shares a harrowing story of a nightmare tenant that led to significant financial and property damage for a landlord. He discusses the risks associated with being a landlord, the importance of proper property management, and the need for landlords to treat their rental properties as a business. 🌟 Partner with Rincon Property Management: Ventura County’s most trusted property management company 👉
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CPA Explains: How Landlords Can Save +$100,000 on Taxes
09/11/2024
CPA Explains: How Landlords Can Save +$100,000 on Taxes
🎧 In this episode, Peter McKenzie interviews Catrina Craft, a certified public accountant, about the tax benefits of real estate investing. They discuss the importance of understanding tax laws and strategies for maximizing deductions. They highlight the benefits of cost segregation studies, which allow investors to accelerate depreciation and reduce their tax liability. and they also explore the advantages of short-term rentals over long-term rentals for high W-2 income earners. 🌟 If you want to partner with Ventura County’s most trusted property management company, let's start the conversation! 👉 [Connect with Catrina] -Online Course: -Instagram: -LinkedIn:
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280% INCREASE in Rental Supply? | 2024 Q2 Market Update
08/22/2024
280% INCREASE in Rental Supply? | 2024 Q2 Market Update
🎧 In this episode, Peter provides a quarterly market update for the rental market in Ventura County. He discusses the significant increase in the number of available rental properties, which has led to longer rental times and the need for landlords to adjust their strategies to remain competitive. 🌟 If you want to partner with Ventura County’s most trusted property management company, let's start the conversation! 👉
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Squatter Expert Shares How To Prevent (And Evict) Squatters
08/01/2024
Squatter Expert Shares How To Prevent (And Evict) Squatters
In this episode we chatted with George McCleary, he became involved in the squatting topic after a video he made about squatters in Portland went viral. George explains the difference between holdover tenants and squatters, with squatters being individuals who enter a property without a contract and claim tenancy. He also shares the challenges faced by landlords in dealing with squatters and the limited options available for eviction. Finally, we discussed the difficulties of being a landlord in tenant-friendly areas like Oregon and California, but highlighted the benefits in these markets like high rents and high appreciation. 🌟 If you want to partner with Ventura County’s most trusted property management company, contact us! 👉 ➡️ George McCleary's services and contact: 503-332-1610 mobile McCleary Realty & Development: Title monitoring starting at $2.25: Instagram: Takeaways Having an alarm system and monitoring vacancies can help prevent and detect squatters. Legislation varies by state, with some states implementing laws to empower law enforcement to remove squatters more easily. Dealing with squatters can come with potential risks and liabilities, but trained professionals who follow proper procedures are less likely to encounter problems. There is a need for more awareness and education about squatters and deed fraud to protect property owners and prevent these crimes.
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Is The “Sharing Economy” Destroying Rentals?
07/17/2024
Is The “Sharing Economy” Destroying Rentals?
Today, we discuss the impact of the sharing economy on rental properties. 🎧 Join our host Peter McKenzie as he explores the different strategies landlords can adopt, such as short-term rentals, mid-term rentals, and long-term rentals. Takeaways Landlords need to stay informed about regulatory issues and leverage technology to streamline their operations. Consider the impact of different strategies on the community and neighborhood when choosing a rental strategy Short-term rentals provide higher income potential but require more work and can be subject to regulatory challenges. Partner with Ventura County’s most trusted and top-rated property management company:
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California Landlord Faces CRIMINAL CHARGES (And So Can You)
07/03/2024
California Landlord Faces CRIMINAL CHARGES (And So Can You)
A Santa Barbara landlord/investor has recently faced criminal charges for evicting several tenants in order to make crucial electrical and safety renovations to his property, allegedly not complying with Santa Barbara's Tenant Protection Ordinance Join our host Peter McKenzie as he breaks down why landlords need to be more cautious than ever before, why the city is trying to set an example for all landlords with these criminal charges, and what can be done to improve the housing situation without driving landlords out of business and exacerbating the problem Takeaways Landlords face increasing risks as more legislation is passed, you must take these laws seriously It is crucial to keep detailed records and follow the correct procedures Consider partnering with a professional property management company to navigate the complexities of the laws Resources [Article] Partner with Ventura County’s most trusted and top-rated property management company:
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Attorney Shares Classified NIGHTMARE Rental Stories
06/18/2024
Attorney Shares Classified NIGHTMARE Rental Stories
In today's episode, Peter interviews Daryoush Zolfaghari, a civil litigation attorney, about his experiences representing tenants in cases against slumlords. They discuss the importance of treating rental properties as a business, the misconceptions about landlord-tenant relationships, and the consequences of being a bad landlord. 🌟 Partner with Ventura County’s most trusted property management company 👉 DRE Lic# 01951188
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The 5 LIES About Landlords Almost Everyone Believes...
05/29/2024
The 5 LIES About Landlords Almost Everyone Believes...
The battle between landlords and tenants has never been more intense, with each side presenting its own arguments. But how much of their claims are true? In this episode, our host Peter McKenzie debunks five common myths about landlords that many tenants believe absolutely. He aims to break down these stereotypes and promote a healthier landlord-tenant relationship. 🌟 Partner with Ventura County’s most trusted property management company 👉 Takeaways: Landlords and tenants are not natural enemies; they both want a stable housing market and can have a positive relationship through clear communication and responsible behavior. Landlords are not solely responsible for the difficulty in buying a first house; there are various factors, including government regulations and the cost of building housing. Most landlords are not big, greedy corporations, but rather individuals or small mom and pop investors.
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Rental Scammers Are FRIGHTENING The Rental Market | Here’s what to do about it
05/15/2024
Rental Scammers Are FRIGHTENING The Rental Market | Here’s what to do about it
🌟 If you want to partner with Ventura County’s most trusted property management company, contact us! 👉 93% of all interviewed housing providers reported being victims of rental fraud in the past twelve months. Join our host, Peter McKenzie, as he dives deep into the daily consequences that landlords and tenants face due to the rise of rental fraud. He also offers practical advice on how landlords can avoid becoming victims of rental fraud by using ID verification technology, going the extra mile in verifying income and employment status, and hiring professional property management companies. Episode Takeaways: After the COVID-19 moratorium, rental fraud skyrocketed, taking advantage of the tenant protections in place. Nowadays, rental fraud is still on the rise and is becoming more sophisticated. We consider rental fraud to be one of the factors still driving rent prices up, affecting both housing providers and tenants alike. Investing in ID verification technology, thoroughly checking income and employment status, and partnering with professional property management companies are key steps landlords can take to protect their investments and continue to provide affordable, high-quality housing. Resources: Article: ID verification software:
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NEW SB567 Explained: Nightmare Regulations for California Landlords
05/01/2024
NEW SB567 Explained: Nightmare Regulations for California Landlords
Join host Peter McKenzie as he discusses the new Senate Bill 567 implications for landlords. He also explores the California Tenant Protection Act of 2020 and how SB567 is designed to close some loopholes in the “no-fault” causes for terminating tenancies. 🌟 If you want to partner with Ventura County’s most trusted property management company, let's start the conversation! 👉 The 3 takeaways: Senate Bill 567 strengthens the Tenant Protection Act by imposing additional requirements on landlords seeking to terminate tenancies based on “no-fault” causes. The law introduces new enforcement mechanisms, including holding owners liable in civil action if they attempt to recover possession of a rental unit without following specific procedures. Several types of properties are exempt from SB567; always consult with an attorney to ensure you are in compliance.
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Ventura CA County Rental Real Estate Market Update Q1
04/17/2024
Ventura CA County Rental Real Estate Market Update Q1
Tune in 🎧 as Peter provides a market update for the first quarter of 2024 in Ventura County. He discusses the number of available rental properties, average rent prices, days on market, and vacancy rates. He also introduces the consumer price index (CPI) and its impact on rent increases for properties subject to rent control. 🌟 If you want to partner with Ventura County’s most trusted property management company, let's start the conversation! 👉 https://www.rinconmanagement.com/ Episode Takeaways: The number of available rental properties in Ventura County has slightly decreased compared to the previous quarter. The consumer price index (CPI) affects rent increases for properties subject to rent control. Days on market for rental properties have significantly reduced, indicating properties are renting out faster.
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Crisis for Landlords? California's AB12 Bans Security Deposits As We Know Them
03/21/2024
Crisis for Landlords? California's AB12 Bans Security Deposits As We Know Them
If you found this episode enlightening and helpful, please share it with other landlords who could benefit from these insights. And if you want to partner with Ventura County’s most trusted property management company, let's start the conversation! 👉 Summary In this episode, Peter talks about a new law affecting every landlord in California. From January 1st, 2024, Assembly Bill 12 changes how much can be charged for security deposits. Before, landlords could ask for up to two months' rent for unfurnished properties and three for furnished ones. Now, they're limited to just one month. Peter is worried this might make it tough to rent to tenants who don't have the best background and could mean stricter rental application rules. Finally, he highlights the need for landlords to keep up with changes in the law to avoid problems and protect their businesses. Takeaways Assembly Bill 12 limits security deposits to one month's rent starting January 1st, 2024. Staying updated on rental laws is crucial for landlords to avoid legal issues and safeguard their interests. Despite the new limit, landlords can still seek payment for damages that exceed one month's rent.
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Luxury Real Estate in New York is... Insane
03/06/2024
Luxury Real Estate in New York is... Insane
In this episode, our host Peter McKenzie interviews Micky Lau-Chandani, owner and broker of Undivided Brokerage in New York City, join us as he discusses the unique aspects of the New York City real estate market, particularly in the luxury rental sector. He then explains the prevalence of rental properties in the city, the impact of rent control and rent stabilization, and the motivations of investors in the market. Takeaways New York City has a unique real estate market, particularly in the luxury rental sector, with a high demand for rental properties. Rent control and rent stabilization policies have a significant impact on the rental market in New York City, affecting property values and investment opportunities. Property management in New York City requires a high level of customer service and attention to detail, catering to the needs of busy, high-net-worth individuals. Chapters (00:00:00) Introduction to Micky Lau-Chandani and the New York City Real Estate Market (00:01:32) Rental Properties in New York City (00:04:23) Investors in the New York City Rental Market (00:06:15) Motivations for Buying Investment Real Estate (00:07:08) Cost of Rental Properties (00:10:32) Differences in Renting Luxury Properties (00:11:35) Rent Control and Rent Stabilization (00:23:57) Current Rental Market (00:26:35) Short-Term Rentals (00:29:04) Micky's experience as an Investor
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Did Your Tenant DAMAGE Your Property or Is It Normal Wear and Tear?
02/21/2024
Did Your Tenant DAMAGE Your Property or Is It Normal Wear and Tear?
In this episode, Peter McKenzie interviews Stephen Kenney, the Director of Operations at Rincon Property Management, about the difference between normal wear and tear and damage in rental properties. Takeaways Determining the difference between normal wear and tear and damage can be challenging for landlords and tenants. Lease agreements and guidelines can help clarify the responsibilities of landlords and tenants when it comes to property maintenance. Navigating small claims court can be time-consuming and may not always result in a favorable outcome for landlords. Documenting the condition of the property at move-in and move-out can help resolve disputes over damages. Proactive maintenance can limit the risk of extensive damages and financial losses for landlords. Chapters (00:00:00) Introduction and Background (01:25:00) The Difference Between Normal Wear and Tear and Damage (03:11:00) The Challenges of Determining Normal Wear and Tear (05:42:00) Disagreements Between Landlords and Tenants (06:23:00) The Role of Lease Agreements and Guidelines (09:20:00) Navigating Small Claims Court (12:20:00) Importance of Move-In and Move-Out Documentation (16:34:00) Examples of Normal Wear and Tear vs. Damage (21:40:00) Considering the Big Picture (25:40:00) Limiting Risk with Proactive Maintenance (27:27:00) Conclusion
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Exploring Why Home Maintenance Is PRICIER Than Ever | With Guest Danaus Chang
02/07/2024
Exploring Why Home Maintenance Is PRICIER Than Ever | With Guest Danaus Chang
In this episode, Peter McKenzie sits down with Danaus Chang from awning.com to tackle a burning issue in today's real estate market: the soaring costs of home maintenance. With a mix of personal anecdotes and expert insights, they delve into how the pandemic, supply chain disruptions, and evolving market dynamics have turned property upkeep into a costly affair. Whether you're an accidental landlord or a seasoned investor, this conversation is packed with strategies to help you navigate this high-cost environment. If you found this episode helpful and are grappling with the rising property maintenance costs, share it with fellow landlords who could benefit from these insights. For more personalized advice on property management, visit Key Discussion Points: Danaus's unique journey from accidental landlord to tech innovator [Starts at 00:10] Unpacking the surge in maintenance costs – it's more than inflation [05:33] Strategic tips for landlords wrestling with rising expenses [07:50] The tech edge: Simplifying property management in a high-cost era [24:52] Real stories, real lessons: Danaus shares cost-saving wins and fails [14:24]
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The ADU Boom is here: ADU Specialist Insights & Tips
01/24/2024
The ADU Boom is here: ADU Specialist Insights & Tips
Peter McKenzie sits down with Christy Silva from Little Home Builder, diving into the world of Accessory Dwelling Units (ADUs). This engaging conversation sheds light on the rise of ADUs in the housing market, especially in high-demand areas like Ventura. Whether you're a seasoned landlord or just stepping into property management, this episode is packed with practical advice and current trends in the ADU space. Loved the insights in this episode? Spread the word and share it! And if you're seeking expert assistance in managing your properties, don't hesitate to start the conversation at Timestamps: Growth and Appeal of ADUs: (00:20 - 02:03) Costs and Benefits of ADU Construction: (04:01 - 05:45) Navigating Legal Changes Impacting ADUs: (07:10 - 09:32) Practical Applications and Property Management of ADUs: (10:43 - 13:08) Future Trends in ADU Development: (15:39 - 18:59)
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The LAST market update of 2023 (what to do in 2024)
01/10/2024
The LAST market update of 2023 (what to do in 2024)
Join Peter McKenzie as he dives into the latest twists and turns of the rental market in Q4 2023. This episode is a must-listen for anyone new to the landlord scene, as Peter breaks down what's new and what's working in 2024. Listen in for the latest info on Ventura's rental market and practical strategies for setting rents, attracting tenants, and staying flexible in this ever-changing landscape. Key Discussion Points: Catching up with the latest rental market trends. Setting the right rent – balancing what's fair and what's profitable. Spotlight on Ventura: What the numbers say about rents and vacancies. Smart tips for marketing your property and finding the right tenants. Staying adaptable and realistic in your property management game. Loved the insights in this episode? Spread the word and share the episode! And if you're seeking expert assistance in managing your properties, don't hesitate to start the conversation at
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2024 Landlord Survival Guide: Adapt and thrive in the new normal
12/13/2023
2024 Landlord Survival Guide: Adapt and thrive in the new normal
In this episode, Peter McKenzie discusses the key steps landlords should take to prepare for the upcoming year. He emphasizes the risk of doing nothing and falling behind on rent, laws, and property updates. The top eight things to do at the end of the year are: reviewing fair market value, property maintenance and updates, evaluating rental strategy, improving rental income, reducing expenses, showing appreciation to tenants, staying updated on legal changes, and managing taxes. Takeaways Regularly review the fair market value of your rental property to ensure you are not leaving money on the table. Stay on top of property maintenance and updates to avoid costly repairs and keep your property in good condition. Evaluate your rental strategy to determine if there are better options available, such as short-term rentals or house hacking. Look for opportunities to increase rental income by making improvements to the property or adding desirable features. Reduce expenses by getting rid of expensive or hard-to-maintain items, such as large lawns. Consider showing appreciation to tenants with a gift or gesture to foster positive relationships and tenant retention. Stay updated on legal changes that may impact your rental business to ensure compliance and avoid penalties. Keep clean records and work with a tax professional to take advantage of tax benefits associated with owning rental real estate. Chapters: (00:00) Introduction and Setting the Context (01:04) The Risk of Doing Nothing (03:17)Reviewing Fair Market Value (04:45) Property Maintenance and Updates (06:42) Evaluating Rental Strategy (07:39) Improving Rental Income (09:03) Reducing Expenses (10:32) Showing Appreciation to Tenants (13:27) Staying Updated on Legal Changes (17:09) Managing Taxes (19:08) Recap and Conclusion
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Why Emotions LOSE you Money – And How Landlords can Overcome This Today
11/29/2023
Why Emotions LOSE you Money – And How Landlords can Overcome This Today
In this insightful episode of The Accidental Landlord, host Peter McKenzie delves into a critical issue facing many landlords: the impact of emotional attachment on their rental property management. Discover why this emotional involvement can lead to financial losses and learn actionable strategies to maintain a professional, detached approach for better decision-making and profitability. What You'll Learn: How emotional connections to rental properties lead to costly mistakes. Real-world examples of emotional decisions resulting in financial losses. Tips for adopting a more business-like mindset towards property management. Understanding the importance of fair market value and avoiding overpricing. Navigating tenant relationships and maintenance issues objectively. Best practices for handling security deposits and avoiding legal pitfalls. Chapters: (00:00) Introduction to the pitfalls of emotional attachment in property management. (02:49) Common examples where emotions cloud landlords’ judgment. (08:01) The impact of emotional bias on rental pricing. (10:27) Emotional challenges in maintenance and tenant relations. (17:27) Strategies to emotionally detach from your rental property. (22:02) Closing thoughts on the importance of a business-like approach in landlording. If you found this episode enlightening and helpful, please share it with other landlords who could benefit from these insights. And if you're seeking expert assistance in managing your properties, don't hesitate to start the conversation at
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5 Signs Your Property Manager is SCAMMING you
11/15/2023
5 Signs Your Property Manager is SCAMMING you
Want your property managed the right way? Book a call with us () - we can’t wait to hear from you! Listen in to today's episode as guest Jay Helms shares his insights on the top warning signs a property management company might be underperforming or may be being dishonest. Jay covers charging too much for repairs, getting tenants to pay rent in ways that can't be tracked (like money orders), late financial reports, differences in what the rent collection reports say and what's actually in the bank, not being strict enough about collecting rent, and more. Jay also shares his own story about being tricked and scammed by a property management company. This highlights why it's so important to be careful and check everything when picking a property management service Want to connect with Jay Helms? Reach out to him on LinkedIn:
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Generating $5k in monthly rental income through house hacking
11/01/2023
Generating $5k in monthly rental income through house hacking
Join host Peter McKenzie as he chats with Kevin Aranha, a seasoned real estate investor who utilizes the lucrative house hacking rental strategy. Listen in as Kevin Aranha shares how he managed to purchase a million-dollar home in Ventura and live there with little to no cost. If you're curious about house hacking, especially in the Ventura County, California area, this episode is not only motivational but also packed with invaluable insights. Learn from Kevin's experiences, avoid his mistakes, and fast-track your journey to financial freedom and generational wealth. If you find this episode helpful, please remember to leave us a review and follow the podcast
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Landlord HORROR stories with guest Dan
10/18/2023
Landlord HORROR stories with guest Dan
Join our host, Peter McKenzie, and this week's guest, the host of Landlord Horror Stories by Resilient REI, as they discuss some major disasters landlords can find themselves in without proper vetting and education.
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2023 Q3 Market Update with real estate expert Peter McKenzie
10/04/2023
2023 Q3 Market Update with real estate expert Peter McKenzie
Listen in to this weeks episode as our host, Peter McKenzie, shares his insights and expert opinion on the second quarter market, looking into the third quarter market of 2023. While we are seeing some changes, these fluctuations are par for the course. Peter shares some strategic adjustments you can make to adapt to the current market
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