#273: How to Maintain Your Rental Property - with Scott from Everyday Home Repairs
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 2 January 2023
⏱️ 69 minutes
🧾️ Download transcript
Summary
Episode #273 - Learn to avoid costly maintenance problems on your rental property in interview with Scott Dixon of YouTube channel Everyday Home Repairs. Scott owns 9 rental units, and he also teaches home everyday maintenance to millions of viewers on his YouTube channel. Learn how Scott got started in real estate, why he chose to manage and repair his own properties, and how he avoids major maintenance problems by using checklists and getting ahead of repair problems.
COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/everydayhomerepairs
https://www.everydayhomerepairs.com/home-maintenance-checklist/
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Transcript
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| 0:00.0 | having an appreciation and a little bit of understanding of maintenance of what's possible, |
| 0:05.3 | not that you have to do that, but you're just going to be a better consumer to work with those |
| 0:10.1 | professionals and kind of push back a little bit because, yeah, there's been some really bad |
| 0:14.9 | ideas given to me by professionals. And it's one way to fix the problem, but one, it's probably a little higher |
| 0:22.0 | cost initially, and maintenance isn't even a consideration. Welcome to the real estate and |
| 0:35.4 | financial independence podcast. I'm your host Chad Carson. You can also call me coach, and this is a show all about helping you get out of the financial grind so you can do more of what matters. Whether you're a first-time listener or a long-time listener, thank you for being back for another episode. The title of today's episode is How to Maintain Your Rental Property. This is an interview with Scott Dixon. |
| 0:55.2 | He is a YouTuber at Everyday Home Repairs, |
| 0:58.0 | and he has millions of views over 500,000 subscribers, |
| 1:00.8 | and he makes videos about how to do repairs on your house. |
| 1:04.3 | And that could be your home that you live in, |
| 1:06.3 | it could be your rental properties. |
| 1:07.9 | He also wears another hat where he is a small and mighty investor. |
| 1:11.3 | He has nine units over five properties, so a couple of those are multi-unit properties. He also wears another hat where he is a small and mighty investor. He has nine units over five properties. So a couple of those are multi-unit properties that he's self-managed |
| 1:16.5 | and also maintained for many years now. So he has a really unique perspective as someone who does |
| 1:22.1 | the business as a real estate investor, as a landlord, and also handles a lot of the maintenance |
| 1:26.2 | and understands it well. |
| 1:31.3 | So whether you're someone who wants to do the maintenance yourself or just you're a rental owner, more like me, who outsources it to other people, but want to understand how to do it, |
| 1:36.0 | how much it should cost, what the process is. In today's episode, we talk all about rental |
| 1:41.0 | properties. And specifically, after we're talking about his story and how he got to his point where he has these properties, we talk about some best practices, the types of properties you can buy that reduce your maintenance cost, the types of repairs you want to do to make your property be a good rental, and all sorts of other details in between. So I hope you enjoy this interview with Scott Dixon. Before we get to this week's interview, it's time for the weekly behind the scenes segment where I share a short snippet of what's going on with me in my real estate investing, finances, or business behind the scenes. So as you get this episode, or at least as it's published, it's going to be the new year, 2003. So I just want to wish you a happy new year for me and my family, just to give you a little |
| 2:18.6 | life update on where we are. We have been in Granada, Spain, since July of 2022. And as I'm |
| 2:25.5 | recording this, it's been a really positive experience. Some of my goals have not been |
| 2:30.0 | business related so much, although I am writing a book called The Small and Mighty Real Estate Investor. That's been my focus for the last four or five months or so. If you're on my newsletter list, I've been keeping you updated and sharing snippets of that. I'm pushing hard towards the end to try to get a deadline that was right at the end of the year to write the book and to get it finished. And hopefully that's going to come together pretty nicely. I'm real happy with where it's going so far. And I'll keep you updated throughout 2003. It should be published in August of 2023, but I'll have some opportunities to get some early copies and support me if you're willing to buy some early copies and share it with your friends. That would mean the world to me. So I will stay in touch with you about that. The other things I'm doing just personally, this has been a big kind of Spanish language learning journey for me. I've in the past got an intermediate level Spanish. And I've been really trying to break through that and have even more than just conversational, be able to have more detailed, more nuanced conversations. So I've been taking Spanish |
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