{"id":52546,"date":"2014-01-02T00:55:29","date_gmt":"2014-01-02T07:55:29","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=52546"},"modified":"2023-04-11T04:24:18","modified_gmt":"2023-04-11T10:24:18","slug":"2014-01-02-051-multifamily-tenants-full-time-job-mike-sherwood","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-01-02-051-multifamily-tenants-full-time-job-mike-sherwood","title":{"rendered":"Small Multifamily Properties, Working a Full Time Job, and Training Tenants with Mike Sherwood"},"content":{"rendered":"<p>On today&#8217;s episode of the BiggerPockets Podcast, we cover a huge range of really important topics with real estate investor <strong>Mike Sherwood<\/strong>, including investing while holding a full time job, working with a partner to grow quickly, getting started with a small multifamily property, and a lot more.<\/p>\n<p>Mike has invested in the Buffalo, NY for several years now, doing both rentals and is getting into fix and flip, so he has a ton of insight for both those just getting started and for those with a lot of experience already.<\/p>\n<p>This show has so much good information and helpful tips for any real estate investor, this is going to be one you&#8217;ll want to listen to over and over just to make sure you get all the great nuggets out of it.<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp51-mike-sherwood-podcast-transcript-mulit-family-full-time-job\" target=\"_blank\">Read the transcript for episode 51 with Mike Sherwood 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>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC5768312022\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2><a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/04\/BiggerPockets-Podcast-Cover-300-300-150x150.jpeg\" alt=\"BiggerPockets-Podcast-Cover 300 300\" width=\"150\" height=\"150\" title=\"\"><\/a>In This Show, We Cover:<\/h2>\n<ul>\n<li>Buying a <strong>small multifamily<\/strong> to live for free<\/li>\n<li>The secret to <strong>living next door to your tenants<\/strong><\/li>\n<li><strong>Training<\/strong> your tenants<\/li>\n<li>When is an <strong>emergency<\/strong> an emergency?<\/li>\n<li><strong>Managing<\/strong> your own properties vs. <strong>hiring<\/strong> a property manager<\/li>\n<li>Tips for <strong>working a full time job<\/strong> AND investing on the side<\/li>\n<li>Finding <strong>good deals<\/strong> on the MLS<\/li>\n<li>How Michael found a <strong>partner<\/strong> to invest with<\/li>\n<li>Legally <strong>structuring a partnership<\/strong> for real estate<\/li>\n<li>Ways to <strong>systematize your business<\/strong><\/li>\n<li>The key to <strong>finding partners on BiggerPockets<\/strong><\/li>\n<li><strong>Flipping houses<\/strong> while working a full time job<\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"\/renewsblog\/2010\/10\/01\/tenants-customers-or-scum\/\" target=\"_blank\">Tenants: Customers or Scum?<\/a> (Training Your Tenants) by\u00a0Peter Giardini<\/li>\n<li><a title=\"The Real Estate Agent\u2019s Ultimate Guide to Working with Investors\" href=\"\/renewsblog\/2013\/08\/24\/real-estate-agents-working-with-investors\/\" target=\"_blank\">The Real Estate Agent&#8217;s Ultimate Guide to Working with Investors<\/a><\/li>\n<li><a href=\"http:\/\/www.rentecdirect.com\/\" target=\"_blank\" rel=\"noopener\">Rentecdirect.com<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/rei\/online-property-management-software-cloud\/\" target=\"_blank\">Online Property Management Software list<\/a> from BiggerPockets<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/alerts\" target=\"_blank\">BiggerPockets Keyword Alert System<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/meet\" target=\"_blank\">BiggerPockets.com\/meet<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/calc\" target=\"_blank\">The BiggerPockets Rental Property Calculator<\/a><\/li>\n<li><a title=\"Tenant Screening: The Ultimate Guide\" href=\"\/renewsblog\/2013\/01\/27\/tenant-screening\/\" target=\"_blank\">Tenant Screening: The Ultimate Guide<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2an5sZr\" target=\"_blank\" rel=\"noopener noreferrer\">The eMyth Revisited<\/a> by Michael Gerber<\/li>\n<li><a href=\"http:\/\/amzn.to\/29TpY5Y\" target=\"_blank\" rel=\"noopener\">Landlording on AutoPilot<\/a> by Mike Butler<\/li>\n<li><a href=\"http:\/\/amzn.to\/29X2JU7\" target=\"_blank\" rel=\"noopener noreferrer\">Four Hour Workweek<\/a> by Timothy Ferriss<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a9QjMk\" target=\"_blank\" rel=\"noopener noreferrer\">Start Small, Profit Big in Real Estate: Fixer Jay&#8217;s 2-Year Plan for Building Wealth<\/a> by \u00a0Jay DeCima<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a9Q17X\" target=\"_blank\" rel=\"noopener noreferrer\">Building Wealth One House at a Time<\/a> by John Schaub<\/li>\n<\/ul>\n<h2>Tweetable Topics<\/h2>\n<blockquote><p>&#8220;Establish guidelines upfront with your tenants to save yourself a lot of trouble.&#8221; (<a href=\"http:\/\/ctt.ec\/MP6th\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>&#8220;I wish there were more agents who understood what investors want.&#8221; (<a href=\"http:\/\/ctt.ec\/2bX9O\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>&#8220;You can make any real estate deal look good with 80% down.&#8221; (<a href=\"http:\/\/ctt.ec\/zb9gb\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<p>&#8220;The most important thing in a partnership is being able to constructively handle differences.&#8221;\u00a0(<a href=\"http:\/\/ctt.ec\/354IK\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<h2>Connect with Mike<\/h2>\n<p>Mike&#8217;s <a href=\"https:\/\/www.biggerpockets.com\/users\/Tyril\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Profile<\/a><\/p>\n<p>Mike&#8217;s Website:\u00a0<a href=\"http:\/\/www.candmrental.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.CandMRental.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On today&#8217;s episode of the BiggerPockets Podcast, we cover a huge range of really important topics with real estate investor Mike Sherwood, including investing while holding a full time job, [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-52546","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\/52546","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=52546"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/52546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119643"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=52546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=52546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=52546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}