Six Tips from an Experienced Landlord

Ken and Danille are seasoned landlords who have navigated the ins and outs of property management for years. Today, they'll reveal their six tips to follow if you're a current or prospective landlord. Watch live at 11 AM Arizona Time, 11 AM PST, and 2 PM EST.


You can listen to a replay of this live stream on Ken and Danille's podcast! Follow your favorite platform with the links below!


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ABOUT KEN:
Ken is the author of the bestselling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.


Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.


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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.

[jerryrien]

Love both your podcasts. Small multi investor, 13 apts paid off. Ken's book ABCs of real estate investing got me started in 2011. Changed my life.

[nemodeals]

You guys are leaving OKC when I am doubling down in OKC. Your right, there needs to be rent growth, its coming but it will be slow. One bonus is cost of maintenance is cheaper. Fingers crossed for OKC!

[soniavaughan]

Great information, thank you both for sharing your experiences.

[valariethomas]

You guys are in my neck of the woods... Enjoy!

[rentalstoriches]

Ay I appreciate the shoutout on the first tweet!

[rsaathoff]

Franklin is a nice community. Historically one of the most tragic Civil War battles.

[BiancaAndrade-ys]

Great deal guys.
Thank you so much for all tips.
I been fallow you guys often and I love your ideas and expirinece a tips ⭐️

[joevillarreal]

I was just in Franklin for the Dixie softball world series!

[Centerflow]

I have a new home rental in Dripping Springs Tx. Last year it rented in less than a month and I had two applications with better than expected rent.
Now it’s been sitting vacant for three months. I have dropped rent each month. Three showings. Property tax and hoa due in a few months. Looks like the market has changed for sales and rental.

[elplata]

Hey guys, the newest one to me is I was told anyone can have a pet letter from a doctor for a therapy animal, and not be required to pay a pet deposit even if the you advertise as having a no pet policy.(WA)

[jzamudiorn]

Thank you guys for what you do! Great tips

[kylethorne]

Have you.Noticed how bad an infrastructure we have. Drove Phoenix to Charlotte. And Phoenix to Sarasota. So how bad it it? Homeless off the highway?

[rdenzeldeli]

Hey Ken! A question, What do you think passing on to Tenant maintenance, repairs, Appliances anything brakes down either fix it or replace it! and if you replace it !when you move out you they can take it ! as landlord ill fix water heater and AC .

[maplenook]

Adding a kitchen to create a basement rental definitely is something that cities, states and HOAs have rules about!

[jzamudiorn]

Any recommendations on vinyl plank?
Thinking about pulling the carpet out. Novice landlord here

[maplenook]

With vinyl plank water or pee can get under the flooring especially along the sides

[maplenook]

A tenant can do way more that one month’s worth of deposit in damage. I wish there were insurance to cover tenant damage.

[atlas]

#1: I would disagre with the granite. Some people have had it, and it could be the staw.
#2: The deposit money could be expanded upon explaining escrow accounts and the interest there on.
#3: The lease... figure out what lawyer you are going to use. Sometimes the area has, 'a guy' (1 lawyer that represents over 50% of evictions). Thats the one you want. Give 'him' your proposed lease and let 'him' tweak it.
#4: pets are okay, but I as the landlord/manager must meet it and it needs to be cool.
As for the flooring... Rejuvenate (flooring product). Carpet is gross!
As for cat pee sub floor... Order X-it (flooring product).
#5: pro-photos, no. Be artistic and take many from various angles, film is cheap.
Tenants are not allowed to paint, although sometimes it happens without permission. We paint if asked but it can't be in lieu of cleaning or an abused privilege.

I very much appreciate what you do and agree on many other fronts. Keep up the great work!

[mariag.garciamarykayusamaq]

In my city is not allowed to rent the bassinet 😢

[altheacbarnes]

talk about neighbor overreach and government over-reach Where is this?