Hi! We are Stacie & Kevin of Your Landlord Resource!
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How to Encourage Long Term Tenancy
Published 9 days ago • 6 min read
Landlord Update
Hey Landlords,
This has been a pretty productive couple of weeks for us. We were able to get away to Hawaii for a few days and enjoyed some much needed down time. Kevin snorkeled and I lounged under the umbrella and we both took naps! I slept so well and I can say we are back feeling energized and ready to get going with all the stuff on the horizon.
As I mentioned in the last newsletter, in Sacramento we had 3 renewals pending. We are happy to report that 2 of 3 have renewed and the 3rd has asked to go month to month while they await information about whether they were accepted to grad school or not. That particular tenant lives in one of our studio apartments and has been an excellent tenant for 4 years now. If they do not remain in the unit, Kevin and I have already started making plans to convert that unit into a midterm rental like our other studio apartment in the building. For reference, we are pulling in 33% more rent for that midterm rental than we are on the standard long term tenant. It more work but the margins are worth it!
In Idaho, we still have one of the larger units (3 bed, 2 bath) vacant so wish us luck on filling that one soon. The weather has vastly improved over the last 2 weeks so hoping that helps boost prospects and viewings.
Other than that, we have been slow on getting our tax stuff together so that's a priority for us. We also have to schedule our spring unit inspections which likely will happen in May or June. Lastly, we have a family wedding comin up which will be a lot of fun annnnnd I have a few dental surgeries that start in April... which are NOT so fun!
Our personal home is still coming along and we are seeing the light at the end of the tunnel. But of course not without discovering more issues that need to be addressed! One or two bigger projects left. It's all good stuff that will make our home safe and efficient so no complaints on our end...well, until we have to pay the invoices!😂
Here's hoping all is well with all of you! You've Got This Landlords!
• Which five episodes our listeners have downloaded and returned to most
• Five profit-draining oversights most landlords don't catch until it's too late
• The pros, cons, and timing considerations for transferring rental property into an LLC
• Why standard operating procedures are the backbone of a professional rental business
• The hidden costs of owning rentals that most investors fail to plan for
• Real Q&A answers to actual landlord challenges including inherited properties, pest control, and first rental advice
• Why tenant screening is the single most important task in your rental property business
• How listener questions and feedback directly guide the content Kevin and Stacie create
The Podcasts Our Listeners Love!
Three years and 116 episodes in, Kevin and I thought it was time to let our listeners do the talking. In this episode of the Your Landlord Resource Podcast, we count down the Top 5 Most-Listened-To Episodes — the ones you keep coming back to — and break down why they resonated so strongly with self-managing landlords.
The countdown includes Episode 58 on the hidden costs of owning rental properties, Episode 6 on creating standard operating procedures, Episode 95, a fan-favorite Q&A where we tackled real landlord problems, Episode 56 on how and when to transfer your rental property into an LLC, and the number one most-listened-to episode of all time: Episode 99 on Five Oversights That Drain Landlord Profits.
We revisit what made each episode so impactful and share a few updates since they were originally published — including a reminder that tax laws and landlord-tenant laws change, so always work with your CPA and a real estate attorney. Also discussed is how listener feedback directly shapes the content we create and invite landlords to reach out about one-on-one coaching.
Whether you are brand new to rental property ownership or a seasoned investor looking to sharpen your systems, this episode is a great roadmap for where to start — or where to go deeper.
Click HERE to view show notes with links to special offers and promotions.
Products we use to make our rental property business more efficient and safe. They make our life easier so we are sharing them with our readers to help you too!
We are tangible people which means we work better and feel more successful when we work off a calendar or a "To Do" list that is on paper and not on our phone or electronic devices.
Don't get us wrong, we have a ton of lists on our phones. But this weekly calendar is one where Kevin and I sit down together and go over our upcoming week. We discuss appointments, travel, errands, and tasks we have set a goal to complete.
IT FEELS SO GOOD TO US when we scratch an item out after its completed!
This pad comes with 50 pages. One page for each week with 6 days (5 weekdays plus one for the weekend), plus a list of priorities to complete if not scheduled for a particular day. Each weekend has 10 spaces to write in what is planned for that day.
Check out our YouTube Video where we show how it's used!
This post contains an affiliate link. We may earn a very small commission (at no additional cost to you) if you purchase from here. These small commissions are to benefit our business so thank you for your support.
Good Landlord Reads
Estate Planning for Rental Housing Owners
Estate planning for rental property owners involves a multitude of estate planning options available to rental property owners. Most rental housing owners understand the general purpose of a will and its goal to carry out the deceased’s instructions after their death. However, too many hapless owners have overlooked the necessary requirements to ensure their will’s validity, thereby triggering a myriad of problems for their heirs.
Turnovers are expensive, stressful, and time-consuming—and while some are unavoidable, many can be prevented with the right approach. For landlords and investors, minimizing turnover is one of the most effective ways to reduce costs, protect cash flow, and improve long-term ROI. But it doesn’t happen by accident. Long-term tenancy starts with intentional systems, clear expectations, and consistent follow-through.
Upcoming Course: Place Your Ideal Tenant, A Comprehensive Guide from Marketing to Move In
This is a detailed course on the best practices for
Marketing your vacancy to attract the best tenants
The process of unit showings and accepting applications
Vetting the applicant and background checks
Accepting/denying applications
A Lease & Addendum Blueprint
Onboarding your new tenant and the move in walkthrough
Have you ever worried that you could be doing more to ensure the tenants you place are ideal for your rental property?
There are specific steps landlords must take to feel confident they have done everything possible to prevent a nightmare tenant from living in their unit. We are sharing our tenant screening strategy, giving you those steps and more to help you build a professional, organized, and communicative landlord tenant relationship that hopefully, will last for many renewals.
Your Landlord Resource: Blogs You Might Have Missed
When you lease your rental property to a new tenant, information overload for them is real. They may be preoccupied with moving and all the fun stuff that comes with that monumental task. Even if you review move-in details in person, consider creating a “New Tenant Welcome Binder” for them to reference. Undoubtedly, there will be an instance when they try to remember something you mentioned. This welcome binder will keep them from having to make phone calls to you, saving you from having to repeat yourself. Here are 10 things new tenants need to know from landlords when they move in.
Our welcome binder includes all of the following...
Every landlord needs a good contractor. No if’s, and’s, or butts about it. Unless YOU are the contractor, ensure that your team includes someone you can call for any task, from replacing a garbage disposal to building new stairs. More importantly, landlords need to use independent contractor agreements when allowing others to work on their property.
Looking for a community of DIY landlords you can ask questions and bounce ideas off? Join the Your Landlord Resource Facebook Group, a discussion group for support, tips, and guidance to help create successful landlord-tenant relationships.
Hi! We are Stacie & Kevin of Your Landlord Resource!
Check out this sample of our newsletter! Each week you will receive a landlord tips, early access to our new blogs, links to our podcast episodes, landlord specific articles written by other industry leaders, special products and promotions for your rental property business.
Read more from Hi! We are Stacie & Kevin of Your Landlord Resource!
Tip of the Week Greetings Landlords! As I sit here gathering my thoughts on what I should update you on, I am listening to a slew of workers who are doing A LOT of improvements to our own personal home. We always joke that our tenants have nicer homes to live in than we do! And where a home is what you make of it, not all the bells and whistles and amenities, we are finally getting many much needed projects done on our home that will make it safer and more enjoyable. Let's start with the...
