{"id":39034,"date":"2013-03-07T01:36:11","date_gmt":"2013-03-07T08:36:11","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=39034"},"modified":"2023-04-07T18:39:52","modified_gmt":"2023-04-08T00:39:52","slug":"2013-03-07-profitable-ethical-landlord","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2013-03-07-profitable-ethical-landlord","title":{"rendered":"Learning to Be a Profitable but Ethical Landlord with Al Williamson"},"content":{"rendered":"<p>Being a Landlord can often be challenging, expensive, and stressful. So, today on the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a> we are speaking with <strong>Al Williamson<\/strong>, an active BiggerPockets member and inner-city landlord who has decades of experience dealing with tenants in both multifamily and single family rentals. Al is a pro at reducing expenses, increasing income, and dealing with difficult landlording situations &#8211; which is why we wanted to sit down with Al today.<\/p>\n<p>Before we get to the show, thank you again to everyone who has subscribed in <a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">iTunes<\/a> to help make us one of the top business podcasts in all of iTunes! We&#8217;re up to 117 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people &#8211; so thank you!<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp8-al-williamson-podcast-transcript-profitable-ethical-landlording\" target=\"_blank\">Read the transcript of episode 08 with Al Williamson here.<\/a><\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC3170422546\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In Today&#8217;s Podcast, We Cover:<\/h2>\n<ul>\n<li>How Al used a 1031-Exchange to <strong>&#8220;Trade-Up&#8221;<\/strong> to a larger property.<\/li>\n<li>Tips for <strong>living in a small multifamily<\/strong> and living with tenants.<a href=\"\/renewsblog\/wp-content\/uploads\/2013\/03\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-39042\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/03\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-300x300.jpg\" alt=\"BiggerPockets Podcast _ Real Estate Investing and Wealth Building\" width=\"200\" height=\"200\" title=\"\"><\/a><\/li>\n<li>How to avoid being a <strong>slumlord<\/strong> in rough areas.<\/li>\n<li>Why simply picking up trash can <strong>transform<\/strong> your investing.<\/li>\n<li>The power of &#8220;<strong>Patient Equity<\/strong>.&#8221;<\/li>\n<li>Al&#8217;s goal of <strong>Not<\/strong> being dependent on the tenants&#8217; rent to pay the bills.<\/li>\n<li>Ideas for both increasing <strong>income<\/strong> and cutting <strong>expenses<\/strong>.<\/li>\n<li>Al&#8217;s plan to <strong>revolutionize income<\/strong> for multifamily properties.<\/li>\n<li>How Al used a very small <strong>syndication<\/strong> to buy a rental property<\/li>\n<li>The <strong>biggest challenges<\/strong> for an up-and-coming landlord.<\/li>\n<li>What the &#8220;Landlord Lid&#8221; is &#8211; and how to <strong>overcome it<\/strong>.<\/li>\n<li>How to Invest in Real Estate when you have a <strong>full time job<\/strong> AND a <strong>busy family life<\/strong> at home<\/li>\n<\/ul>\n<h2>Links From the Show:<\/h2>\n<ul>\n<li><a title=\"[Video] How I Quickly Analyze an Investment Property\" href=\"\/renewsblog\/2013\/02\/15\/analyze-investment-property\/\" target=\"_blank\">[Video] How I Quickly Analyze an Investment Property <\/a><\/li>\n<li><a href=\"\/renewsblog\/\" target=\"_blank\">The BiggerPockets Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\">The BiggerPockets Forum<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blogs\/2997-leading-landlord---bp-version\" target=\"_blank\">Al&#8217;s BiggerPockets Member Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/rei\/guide-1031-exchanges\/\" target=\"_blank\">1031-Exchange Resources<\/a><\/li>\n<li><a href=\"http:\/\/www.KickStarter.com\" target=\"_blank\" rel=\"noopener\">KickStarter.com<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/show3\" target=\"_blank\">BP Podcast Show 3 with Brian Burke<\/a><\/li>\n<li><a href=\"http:\/\/www.nationalnightout.org\/nno\/\" target=\"_blank\" rel=\"noopener\">The National Night Out<\/a><\/li>\n<li><a href=\"http:\/\/amzn.to\/VMuwi1\" target=\"_blank\" rel=\"noopener\">Insanity<\/a><\/li>\n<li><a href=\"http:\/\/amzn.to\/YHET1E\" target=\"_blank\" rel=\"noopener\">P90X<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2a9oIeb\" target=\"_blank\" rel=\"noopener\">Rich Dad Poor Dad<\/a><\/li>\n<li><a href=\"http:\/\/amzn.to\/2abMGlt\" target=\"_blank\" rel=\"noopener\">The 36 Hour Real Estate Investing Course<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/gp\/search\/ref=as_li_qf_sp_sr_il_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;index=aps&amp;keywords=John%20Maxwell&amp;linkCode=as2&amp;tag=biggerpocke0a-20\" target=\"_blank\" rel=\"noopener\">John Maxwell<\/a><\/li>\n<li><a href=\"http:\/\/amzn.to\/2ak11lQ\" target=\"_blank\" rel=\"noopener\">Al&#8217;s Book The Catalytic Landlord &#8211; on Kindle<\/a><\/li>\n<li><a href=\"http:\/\/amzn.to\/2abOB9E\" target=\"_blank\" rel=\"noopener\">Serious Creativity<\/a> by Edward De Bono<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<blockquote><p>&#8220;Landlord tip for improving the neighborhood: Go and meet the neighbors!&#8221; (<a href=\"http:\/\/clicktotweet.com\/qHE1e\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Often times things go unresolved because no one is operating as a leader. Are you?&#8221; (<a href=\"http:\/\/clicktotweet.com\/8w3Zn\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Spend time getting really good with your first investment before branching out.&#8221; (<a href=\"http:\/\/clicktotweet.com\/bf69K\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Sometimes you have to pay your &#8216;learning tuition&#8217; and lose money when you take risks.&#8221; (<a href=\"http:\/\/clicktotweet.com\/07F27\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Your real estate investment should be a physical representation of you.&#8221; (<a href=\"http:\/\/clicktotweet.com\/MlAdY\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Why are you building wealth? The most successful leaders KNOW this answer.&#8221; (<a href=\"http:\/\/clicktotweet.com\/e04B9\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<h2>About Al<\/h2>\n<p><em>AL Williamson is Civil Engineer and landlord from the Sacramento, California area. Al has invested in real estate since 1996, focusing mostly on multifamily properties in urban areas.<\/em><\/p>\n<p>Al&#8217;s <a href=\"https:\/\/www.biggerpockets.com\/users\/alewilliamson\" target=\"_blank\">BiggerPockets Profile<\/a><br \/>\nAl&#8217;s <a href=\"https:\/\/plus.google.com\/113919424300526583070\/posts\" target=\"_blank\" rel=\"noopener\">G+<\/a> and <a href=\"http:\/\/www.facebook.com\/guildtheater?fref=ts\" target=\"_blank\" rel=\"noopener\">Facebook<\/a><br \/>\nAl&#8217;s Blog: <a href=\"http:\/\/www.leadinglandlord.com\/\" target=\"_blank\" rel=\"noopener\">LeadingLandlord.com<\/a><\/p>\n<p>[powerpress]<\/p>\n<p><strong>What do you think? Do you have any questions or comments for Al or about the show? Leave your thoughts below!<br \/>\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being a Landlord can often be challenging, expensive, and stressful. So, today on the BiggerPockets Podcast we are speaking with Al Williamson, an active BiggerPockets member and inner-city landlord who [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-39034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/39034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=39034"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/39034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119968"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=39034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=39034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=39034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}