73 episodes

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.

The Accidental Landlord Peter McKenzie

    • Business
    • 5.0 • 10 Ratings

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.

    Did Your Tenant DAMAGE Your Property or Is It Normal Wear and Tear?

    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

    • 29 min
    Exploring Why Home Maintenance Is PRICIER Than Ever | With Guest Danaus Chang

    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 https://www.rinconmanagement.com/
     
    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]

    • 43 min
    The ADU Boom is here: ADU Specialist Insights & Tips

    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 https://www.rinconmanagement.com/contact


    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)
     

    • 27 min
    The LAST market update of 2023 (what to do in 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 https://www.rinconmanagement.com/contact

    • 12 min
    2024 Landlord Survival Guide: Adapt and thrive in the new normal

    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

    • 20 min
    Why Emotions LOSE you Money – And How Landlords can Overcome This Today

    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 https://www.rinconmanagement.com/contact

    • 23 min

Customer Reviews

5.0 out of 5
10 Ratings

10 Ratings

congressgetagrip ,

Educational and inspiring

This podcast is filled with helpful information about the ins and outs of managing a rental property. Each episode features the guest and quarterly market updates are provided.

Mtns2Ocn ,

Great for CA investors and beyond

Accidental Landlord is great for any real estate investor, but especially great for those im Southern/Central California. I consider it on par with some of the more well known real estate podcasts in terms of content (e.g. BiggerPockets), often covering more timely and pertinent topics for existing landlords. Peter is very relatable, great at explaining concepts and does a good job at keeping guests on topic.

jsrick80 ,

Great podcast

Always interviewing industry professionals and providing relevant investment property information.

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