Property Management Brainstorm

Have you ever wondered as a property investor and landlord what would happen if your tenant defaulted, or abandoned their lease? It is uncommon, but it does happen. Every landlord bears some degree of risk and exposure to this area. But, there is a way to protect your rental income if something should occur. Aaron DiCaprio, CEO of Rent Rescue, joins Bob on this episode to talk about this scenario. Rent Rescue provides rental income insurance to landlords to void the headaches that come with...

California Association of Realtors Deputy Chief Economist, Jordan Levine, joins Bob on this episode of Property Management Brainstorm to talk about the economic outlook for the California real estate market. Jordan’s work for C.A.R. uses data to understand the market throughout the state of California. He not only shares what he has seen so far in 2019 but what the current economic outlook for real estate means for those considering investing in property. If you are interested in real estate...

Real estate investors are always on the lookout for investment properties. The standard way of doing this has been to research the area, drive around with a realtor, or looking online. However, Don Ganguly joins Bob on this episode of Property Management Brainstorm to chat about a new way for investors to find these properties and to see if they are the right investment. Don is the founder and president of HomeUnion. HomeUnion makes real estate investing more simple. It provides a way for...

On this episode, Andy Wallace joins Bob to talk about an extremely important topic for anyone handling a rental property: the property management inspection. This inspection takes place before a tenant moves into a rental and prior to the tenant vacating a rental. Though the world has gone digital, many of these inspections are still occurring on paper, by hand. With the amount of documentation and photos needed to complete these inspections, you can imagine how hard it could be to keep this...

In this episode, Bob welcomes his guest Dathan Kern, the owner and head locksmith of Kern Key in San Diego. Dathan explains the importance of re-keying a rental property at tenant move-out, before a new tenant moves into the property, along with other tips on keeping your home secure. He also explains how and why carbon monoxide and smoke detectors should be tested on a regular basis as well as the current State of California code on where they should be installed. As a further discussion...

Bob discusses a new concept in protecting rental properties to give landlords additional peace of mind from tenant-related risks. This episode features Dave Holt, co-founder at SureVestor, a company which provides this a unique form of insurance when renters are in your home. Dave explains this new insurance product, how it works, and what aspects are covered under the policy. Dave also shares his insights on costs involved in the three things landlords fear most: malicious damage by a...

Bob discusses best practices for managing all of the moving parts of a short-term rental, commonly referred to as vacation rental, with Matt Hoffman, Head of Short-Term Rentals at Kigo, a RealPage Company. The software as a service (Saas) provided by Kigo is specifically designed for managing short-term rentals. Bob and Matt exchange views on the definition of a short-term rental, what distinguishes a short-term rental from a long-term rental, and the ideal characteristics of a property...

Bob discusses best practices for rental property marketing with Dave Borden, CEO at PMW. Dave provides valuable advice and insights on how to promote a vacant rental to attract, respond to, and obtain a lease with a top notch tenant. Dave also offers his recommendations pertaining to which Internet sites are best for posting rental ads, the proper use of social media to promote a rental property, the pitfalls when communicating with prospective tenants, and why it might be best to leave this...

Bob discusses rental property pet policies and the importance of pet and assistance animal screening with John Bradford, Pet Lover and Founder of PetScreening.com. John explains risk management for pet friendly rental properties and the nuances surrounding ADA and Fair Housing Laws pertaining to assistance animals. PetScreening.com offers a great solution to property management companies, homeowners, and tenants to register and screen pets through their 3rd party platrom. To learn more about...

Bob discusses the importance of keeping a rental home properly maintained with Zorik Gordon, CEO at Serviz, a company which offers online home services on demand. Keeping a rental property in good working order is one of the most important aspects of maximizing rental income and making tenants comfortable and happy in your home. Have you ever asked yourself the question "Why can't we book and buy local maintenance services online, just like we order and buy products online?" Zorik helps...

Bob discusses the concept and importance of the Broker Trust Account for property management companies with Allison Disarro, Senior Vice President of Property Management Banking at Seacoast Commerce Bank. Real estate brokers and property management companies receive and hold funds in their everyday course of business from tenants and property owners for rent payments or property improvements. Property managers must accept, control and account for these "trust funds" within compliance under...

Bob discusses the future of Short Term Rentals (STRs) with Dwight Worden, the Mayor of Del Mar, California. Bob and Dwight cover the new ordinance put in place in Del Mar to regulate rentals, room sharing, and house exchange of less than 30 days in duration. Sometimes referred to as Vacation Rentals, STRs have grown in popularity in many communities and neighborhoods throughout North County San Diego (Cities of San Diego, Del Mar, Solana Beach, Encinitas, and Carlsbad). The growth of the...

Bob discusses the importance of understanding California landlord-tenant laws with Ted Smith, the owner and principal at Ted Smith Law in San Diego, CA. Being a landlord or property manager in California requires awareness of specific federal and state laws as well as local ordinances pertaining to renting to tenants. Some of the common legal pitfalls include violating fair housing laws, security deposit charges, how much can be charged for a tenant screening, procedural timing on serving...

Bob discusses the importance of obtaining the proper insurance on various types of rental properties with Chris Mahlberg, from the Farmers Insurance Office of Kirk Miller in San Diego, CA. Having the correct insurance policy in place for your rental property is a critical aspect of property management, protecting your home from damage, and limiting exposure to tenant liability. When considering the possibility of renting their home, one of the first steps a homeowner should take is speaking...

This first episode introduces the purpose of the Property Management Brainstorm series and also introduces the host, Bob Preston, the president, owner, and real estate broker of North County Property Group. Bob will brainstorm ideas and best practices related to rental homes, either as a long term rental to residential tenants or offering a second home as a vacation rental. Bob will be inviting experts and professionals to discuss topics related to property management so listeners can learn...