5 Minute Landlord: Tip & Stories on Owning and Managing Rental Property artwork

5 Minute Landlord: Tip & Stories on Owning and Managing Rental Property

243 episodes - English - Latest episode: almost 2 years ago - ★★★★ - 9 ratings

Ben Dao is a full time real estate investor that manages 30 rental units. I want to share tips and stories so you can better manage your portfolio. Please learn from my experiences so you don't become a tired Landlord. Five Minute Landlord! Support this podcast: https://anchor.fm/5MinuteLandlord/support

Business invest realestateinvestment cashflow investing realestate rental
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Episodes

Compassionate Investing

October 26, 2021 09:00 - 2 minutes - 1.83 MB

I have a friend investing in real estate but also helping people in under-served community.

Inspector made me Replace whole SUN PORCH

October 05, 2021 09:00 - 2 minutes - 2.13 MB

It has been a process but I am almost done. Here is what happen?

Is Smoking Weed OK?

September 30, 2021 15:14 - 2 minutes - 2 MB

A percentage of tenants will likely be a marijuana smoker.

Stopping NO-Shows and Flakers

September 15, 2021 09:00 - 2 minutes - 2.02 MB

I have dramatically reduced my No-Shows over the years.

Mold Issues

September 13, 2021 09:00 - 4 minutes - 3.69 MB

I am dealing with a Bad case of Mold in the basement.

Is the Market Slowing Down?

September 09, 2021 09:00 - 1 minute - 1.68 MB

It wasn't as Hot as it was a few months ago. That could be good news for you.

How to Build Relationships with Contractors

September 07, 2021 09:00 - 2 minutes - 2.34 MB

Contractors are so important to your business. Here are a few tips to get off on the right foot.

Wave of Evictions Coming

September 03, 2021 09:00 - 2 minutes - 1.95 MB

It is about to hit the fan when they push evictions through.

Should you Rent to Friends and Family?

September 02, 2021 09:00 - 2 minutes - 1.81 MB

There is risk there. Here is what I do.

Going Out-of-Town for 1 Month

August 04, 2021 09:00 - 2 minutes - 1.8 MB

Let's see how I will manage the properties remotely.

Recession Resistant Investment

July 30, 2021 09:00 - 1 minute - 1.56 MB

Rentals do well in all market cycles.

Rental Assistance Funds are Everywhere

July 28, 2021 09:00 - 2 minutes - 1.95 MB

This really helps you as well as the tenant.

Moving in Other People into the Unit

July 22, 2021 09:00 - 2 minutes - 1.97 MB

Some tips on how to handle that.

Guy Sleeping in the Garage

July 20, 2021 09:00 - 5 minutes - 4.33 MB

This is a good story. See how I got him out of there.

Tools you Need in your Car

July 15, 2021 09:00 - 4 minutes - 3.51 MB

As a Landlord, you are dropping in on buildings. Here are some of the essentials you need in your car at all times.

Doing My 1st Fix-N-Flip

July 14, 2021 09:00 - 2 minutes - 2.24 MB

Why would I do this?

What to Look for in a Property Manager

July 01, 2021 09:00 - 6 minutes - 5.56 MB

Here are some things to help you find the right one.

Should you Accept Pets??

June 29, 2021 09:00 - 3 minutes - 3.06 MB

Here are somethings to do if you accept pets.

Paying Over Appraisal Price

June 24, 2021 09:00 - 2 minutes - 1.71 MB

The block is getting hot so prices are going up. But sometimes that means the appraisal will come back lower than your agreed sales prices.

Expectations of this Business

June 23, 2021 09:00 - 5 minutes - 4.89 MB

You think it's going to be passive income on auto-pilot? Think again.

Multi-Family Vs. Single Family

June 22, 2021 09:00 - 3 minutes - 2.5 MB

Is there a better one over the other? I lay out some of the pros and cons for each.

Tree Fell on the House

June 11, 2021 09:00 - 1 minute - 1.41 MB

There was a little drama too.

Owner Finance Deal

June 09, 2021 09:00 - 2 minutes - 1.64 MB

We just got 3 Owner Finance Deals.....From Family

Garage Caught on Fire

June 07, 2021 09:00 - 2 minutes - 1.93 MB

This was a surprise. I am glad I had Insurance.

Buyer Wants Renters Out

June 04, 2021 09:00 - 1 minute - 1.19 MB

We are selling a Duplex contingent Upon the Renters moving out.

$34k House

June 03, 2021 09:00 - 2 minutes - 2.1 MB

We just bought one and it rents for $750 a month.

Tired Landlords

May 14, 2021 09:00 - 4 minutes - 3.98 MB

How to not become one. 

How to get Good Tenants

May 12, 2021 09:00 - 3 minutes - 2.96 MB

It comes down to having a screening process that you run them through. 

It's a Hot Market

May 10, 2021 09:00 - 1 minute - 1.58 MB

Houses are selling high and fast right now. How does that effect you as an investor?

Low Interest Rates

May 06, 2021 09:00 - 1 minute - 1.5 MB

Are we in a low or high interest rate environment right now?

Eviction Memorandum

May 05, 2021 09:00 - 1 minute - 1.53 MB

Evictions are getting extended. Here are some ways to lower your risk. 

Bank of Family

April 27, 2021 09:00 - 3 minutes - 2.62 MB

Your family and friends can get a great source of financing and flexible terms. Treat them well.

Using a Paint Sprayer for the Whole Unit

April 23, 2021 09:00 - 2 minutes - 1.86 MB

This is a little strange but I am going to paint mostly the whole unit one color (including the ceiling). I have to save time and money on this one. 

Junking 2 Cars

April 21, 2021 09:00 - 2 minutes - 1.75 MB

Tenant did leave 2 vehicles. I had to get rid of them.

Tenant Passed Away

April 19, 2021 09:00 - 3 minutes - 2.51 MB

He was a good tenant and person. Here is what I had to go through when managing this. 

Realtor Helped me Skip Trace an Owner

April 16, 2021 09:00 - 2 minutes - 1.77 MB

My handyman recommended I call a realtor to track down an owner.

Testing a New Property Manager

April 15, 2021 16:26 - 3 minutes - 3.07 MB

It is trial and error but this is why I am hiring my second property management firm. 

Tax Sales into Owner Financing

December 04, 2020 10:00 - 2 minutes - 1.88 MB

A creative technique a buddy of mine is doing. 

Relationships

December 02, 2020 10:00 - 4 minutes - 3.41 MB

Here is how I handle my relationships in real estate. It is one of the most important things in business and life. 

Prepping for Winter

November 30, 2020 10:00 - 2 minutes - 1.87 MB

Tips on how to prepare for the cold season. You want to be pro-active before a disaster hits. 

Getting a Conventional Mortgage for your Rental

November 24, 2020 10:00 - 2 minutes - 1.9 MB

Most investors get financing in a way that entails many processes. 

Finding Great Contractors

November 23, 2020 10:00 - 2 minutes - 2.26 MB

It is some trial and error but go with your gut.

Tenant Referrals

November 13, 2020 10:00 - 1 minute - 1.4 MB

One of the best ways to find good tenants. 

City Helping Fix Sewer Pipes

November 12, 2020 10:00 - 2 minutes - 2.11 MB

Sewer Lateral is like sewer insurance.

Pest Control

November 11, 2020 10:00 - 3 minutes - 2.98 MB

It is very important but often overlooked.

Homeless Person Camping next to the Duplex

November 10, 2020 10:00 - 1 minute - 1.46 MB

She set up shop right next to our unit.

Had to Tow a Stolen Car

November 09, 2020 13:48 - 2 minutes - 2.07 MB

It was on my Parking Pad

Try Using the Same Paint Colors for Every Unit

November 05, 2020 10:00 - 1 minute - 1.63 MB

Here is what I am trying

Gas Pressure Problems

November 04, 2020 10:00 - 2 minutes - 2.26 MB

Tenants are starting turn on their Furnances

Air BNB Syndication

November 02, 2020 10:00 - 2 minutes - 2.48 MB

I am looking into alternative income investments. Here is what I found out on this one.