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.
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In This Show, We Cover:
- How Kevin finances dozens of properties with creative financing
- Private lending and methods to use commercial financing to invest
- Making offers that get accepted
- The three things that turn a landlord into a slumlord – and how to avoid them
- Online technology to help attract and manage tenants
- Signs of future bad tenants
- How to fill vacancies during the holiday season
- The best and worst parts of being a landlord
- Real estate clubs: determining the good, the bad, and the ugly
Links Mentioned in the Show:
- The Real Estate Agent’s Ultimate Guide to Dealing with Investors
- Tenant Screening: The Definitive Step by Step Guide
- How to Rent Your House: The Ultimate Step by Step Guide
- AppFolio.com
- Top Online Property Management Software list from BiggerPockets
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
- Cash Flow Quadrant by Robert Kiyosaki
- The E-Myth Revisited by Michael Gerber
- The Book on Flipping Houses by J Scott
- The Book on Estimating Rehab Costs by J Scott
Tweetable 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 Profile
Kevin’s Blog: SmarterLandlording.com
