How To Be An Awesome & Profitable Landlord

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:

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

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.