The Landlord Lowdown: Tenant Credits, Room Rentals, and More

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? Are room rentals right for you? What’s the best real estate market to invest in and how do you make the most money while having the least amount of stress? Only experienced landlords know how to answer these questions. They’ve bought dozens of houses, dealt with numerous tenants, and been through trial and error, so you don’t have to. And that’s exactly what this episode is all about.
Ashley Kehr, host of the “Real Estate Rookie Podcast”, and Craig Curelop, author of “The House Hacking Strategy”, are here to answer common landlording FAQs. Both Ashley and Craig have had so much interest in their individual endeavors that they’re now hosting the BiggerPockets Bootcamps! Ashley’s will teach you about buying (and managing) your first property the right way, while Craig’s house hacking bootcamp will give you everything you need to buy your first house hack property in just ten weeks!
Along with real estate regulars David Greene and Rob Abasolo, Ashley and Craig will be touching on some hot topics in today’s episodes. Topics like when to give rent credits to tenants, pros and cons of renting by the room, the first steps to take after getting a property under contract, how to show your rental units, and where to find the best real estate markets around.
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Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”:
www.biggerpockets.com/blog/re...
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Join BiggerPockets for FREE:
www.biggerpockets.com/signup?...
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Ask Your Question in The BiggerPockets Forums:
www.biggerpockets.com/forums?...
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Listen to The “Real Estate Rookie” Podcast with Ashley Kehr:
www.biggerpockets.com/podcast...
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Grab Craig’s Book, “The House Hacking Strategy”:
store.biggerpockets.com/produ...
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Avail’s Landlord-Tenant State Laws:
www.avail.co/education/laws
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Connect with Rob (Robuilt) on KZbin, Instagram, TikTok, and Twitter:
KZbin: / robuilt
Instagram: / robuilt
TikTok: / robuilto
Twitter: / robuiltchannel
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Connect with Ashley, Craig, David and Rob on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Craig: www.biggerpockets.com/users/c...
David: www.biggerpockets.com/users/d...
Rob: www.biggerpockets.com/users/r...
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Follow Ashley, Craig, and David on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Craig: @thefiguy or / thefiguy
David: @davidgreene24 or / davidgreene24
Episode 652
Show notes at: www.biggerpockets.com/blog/re...
00:00 Intro
01:31 Quick Tip
03:32 When to Give Rent Credits to Tenants?
11:49 Creative Ways to Use Rent Credits
14:31 Renting by The Room
20:57 What to Do Before You Close
25:08 Are In-Person Showings Worth It?
30:53 Which Markets Are Worth Investing In?
37:50 The Passive Landlord
40:29 Picking a Real Estate Market
41:28 Why Landlords Shouldn't Stop Learning
43:06 Join the BiggerPockets Bootcamps!
#biggerpockets #realestatepodcast #ep652

[@ericrosado3211]

I’ve been a property manager for over a decade operating large financial institution multi family developments in Nashville, and your answers on rent credits are in line with our best practices. We identify where responsibility is placed for the issue, if there is a financial loss, determine if there is insurance or warranty coverage etc., then fill in gaps where necessary to address the human element of the situation all while adhering to FFHA and ULTA of course. Although not covered in this episode specifically in relation to credits, if things get dicey let’s say in the case of “professional renters”, we consult with our local attorney to determine best course of action.

[@Lik3ToSing]

When David says, it is gold advice

[@WestchesterNYMilton]

Great job moderating, Rob! This was a really good episode; I dug the exchange of ideas from different perspectives on this topic.

[@jenniferp7749]

Yes me too. Not a lot of personal chit chat got right to the subject!

[@ericbrown1484]

How did the guest lock himself out if you have a digital lock? You said the guest locked the deadbolt from the inside, but doesn’t the code unlock the deadbolt?

[@michaelbatista2869]

Bro.... dude straight 100% perfectly fits what Luigi Mario perfectly would look like as a human.

[@DavidGreeneLover]

David, I love your glasses!

[@donsan6404]

i think i'm done being a social worker. Ima start focusing on real estate... working for ppl it's starting to feel like modern day slavery.

[@ericrosado3211]

Regarding tenants, as a landlord, you’re still going to be a social worker 😂

[@IamMattBeard]

exactly. dance with them not wrestle with them. great content!

[@tarialys4601]

Anyone catch the websites ashley said? I'm having a hard time finding them

[@GordonSin411]

What is the name of the software that lets you do showings without you being there Ashley?

[@paki4lifeisusama]

Ditto

[@TomHallhomebuyingokc]

I use matterport

[@rosejones2932]

Define rent credit.

[@TomHallhomebuyingokc]

I do an open house 1 day with 2 hour window

[@DarrellEssexdoubleteam]

Rob needs to get the garage door opener that you can open through the app.

[@erickpezoa883]

I would sign up right away if you guys had a boot camp on depreciation and cost seg studies. Specifically, going out of that boot camp, I want to be able to do my own cost seg study for small single family homes

[@MetalBum]

I do t think you could do it yourself

[@80andOllo]

Why is Ashley kehr reaching out to me suggesting crypto advice? Did her insta get hacked? Seems out of context. Got her IG from you guys but this seems weird.

[@biggerpockets]

Ashley's official instagram is instagram.com/wealthfromrentals/. Make sure the account you follow is spelled exactly the same way as her account. The message you received is most likely spam and we recommended blocking that user.

[@80andOllo]

@@biggerpockets thanks I did block and it was spam, but it’s weird that the fake user is spelled exactly the same!