On today’s episode of the BiggerPockets Podcast, we look at the topic of landlording and get some great advice from long-time landlord Kevin Perk. Kevin is a very successful investor from the Memphis area and has a real good grasp on finding and dealing with tenants as well as some unique methods of financing his properties, getting rid of bad tenants, and building wealth. There is a lot of really great tips and advice for anyone looking to grow their buy and hold real estate business.
Read the transcript to episode 36 with Kevin Perk here.
In This Show, We Cover:How Kevin finances dozens of properties with creative financingPrivate lending and methods to use commercial financing to investMaking offers that get acceptedThe three things that turn a landlord into a slumlord – and how to avoid themOnline technology to help attract and manage tenantsSigns of future bad tenantsHow to fill vacancies during the holiday seasonThe best and worst parts of being a landlordReal estate clubs: determining the good, the bad, and the uglyLinks Mentioned in the Show:The Real Estate Agent’s Ultimate Guide to Dealing with InvestorsTenant Screening: The Definitive Step by Step GuideHow to Rent Your House: The Ultimate Step by Step GuideAppFolio.comTop Online Property Management Software list from BiggerPocketsBooks Mentioned in the Show:Rich Dad Poor Dad by Robert KiyosakiCash Flow Quadrant by Robert KiyosakiThe E-Myth Revisited by Michael GerberThe Book on Flipping Houses by J ScottThe Book on Estimating Rehab Costs by J ScottTweetable Topics:Don’t drop your standards just to quickly fill a vacancy. (Tweet This!)When investing in real estate, have some cash reserves. (Tweet This!)If you bet on appreciation – you are going to lose. Real estate doesn’t always go up. (Tweet This!)Connect with Kevin:Kevin’s BiggerPockets ProfileKevin’s Blog: SmarterLandlording.com