Landlording on Autopilot: A Simple, No-Brainer System for

Landlording on Autopilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches [Reading] ➹ Landlording on Autopilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches By Mike Butler – Thomashillier.co.uk Discover how Mike Butler managed rental properties while working full time as a police detective before he hired any part time help For many investors, landlording is a pain, but not for those who us Discover how Mike Butler managedrental properties while working Autopilot: A ePUB ☆ full time Landlording on PDF/EPUB or as a police detective before he hired any part time help on Autopilot: A PDF ´ For many investors, landlording is a pain, but not for those who use Mike Butler s Landlording on Autopilot system It s a simple, proven method for managing rental properties in your spare time without the headaches Mike Butler developed this system while he worked full time as a police officer Before long, he was buying and managing dozens of properties and consistently bringing in than % of his rents Includes free customizable, downloadable forms Butler shares all the vital techniques of autopilot landlording Screening and finding great tenants you can trust Training tenants to do your landlording work for you Increasing your cash flow with a simple push button management system Using little known tax breaks available to full time or part time landlords Easily complying with landlording regulations and legal stuff you might not think of Identifying the most profitable types of properties Marketing and advertising your properties at little or no cost Utilizing powerful, ready to use landlording forms Getting rid of bad tenants quickly, safely, and cheaply when buying properties Using creative tactics to consistently bring in than % of the rent Once you ve learned Mike Butler s system, you ll make money in less time with less effort Today, Mike Butler is retired from the police force and enjoys thanmillion a year from his rental properties Using the techniques and strategies of Landlording on Autopilot will help you achieve your dreams.


10 thoughts on “Landlording on Autopilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches

  1. Jackie Jackie says:

    Wow Talk about a poorly titled book This isn t about auto piloting your land lording It s about micromanaging every tiny detail about land lording, down to the color of key rings And it s not about land lording without using a property management company It s about starting your own property management company The casual home owner who needs to rent out their property with minimal time commitment should not expect much from this ridiculous book.Also editing was much needed Chapters that m Wow Talk about a poorly titled book This isn t about auto piloting your land lording It s about micromanaging every tiny detail about land lording, down to the color of key rings And it s not about land lording without using a property management company It s about starting your own property management company The casual home owner who needs to rent out their property with minimal time commitment should not expect much from this ridiculous book.Also editing was much needed Chapters that meander, stories that don t fit the topic and illustrations that seem out of place Not organized at all Includes questionable ethics and pejorative language toward the poor And incomplete passive sentences


  2. Devin Devin says:

    This book is garbage Ridiculous concepts with horrible logic and argument for said concepts Way too many anecdotes full of superfluous background Chapters and Chapters of stupid investing mistake stories honestly, so dumb I barely believe them The book started off okay, with teaching depreciation, but fell into this repetitive story transition story format I didn t walk away learning much It s mostly useless information with too many specifics in market and stupidity to copy, emulate, or This book is garbage Ridiculous concepts with horrible logic and argument for said concepts Way too many anecdotes full of superfluous background Chapters and Chapters of stupid investing mistake stories honestly, so dumb I barely believe them The book started off okay, with teaching depreciation, but fell into this repetitive story transition story format I didn t walk away learning much It s mostly useless information with too many specifics in market and stupidity to copy, emulate, or try This book is very much single family geared There s not that much landlording in single family anyways so it s naturally an autopilot investing strategy He is very bias to single family homes, which is fine, but he bashes any other investment which I thought was a little childish His points are not strong convincing and his voice here is obnoxious Full of stupid cliche phrases like School of Hard Knocks driven into the ground this book was so hard to read Good points came in at around p.57 A lot of the systems and material is also antiquated There is a lot of reliance on pagers which are no longer around this book does not age well at all The voicing was a bit TOO casual Early on he sounds unsure about his expertise He made question his authoritythan once Makes me question his authority see p 10 Another I might be using the wrong official term here Why are you writing a book if you don t know the terms Why can you not properly research what the official term is Then, on p 38, in the middle of asserting an idea, he says I m not an expert on this stuff Well, geez, can someone direct me to the experts because you don t sound sure about what you re talking about I also don t like his view of tenants On page 2 he encourage landlords to lie about being the owner to tenants This is another reason why landlords have bad reputations His language and the way he calls tenants employees is very condescending in my opinion he asks as though they are pests or something The only positive thing I have to say about this book is that there are sample application forms in the back of the book This whole book basically just gets around to the point of having the proper documentation when going into a tenant landlord relationship Notes I screwed up often during the first half of my investing career because I didn t have a clue about my final objective p.1.Investor a person who purchases income producing assets usually with the expectation of holding them for a long time and considers safety of principal to be of primary importance p.5 The true path to financial independence involves ownership of real estate p.6 If the IRS says you lost money through depreciation for the year, this means you pay no income tax p.10 In fact, if you have a job and have had money withheld from your paycheck for income tax, odds are that you will get all your withholding refunded to you When you sell your home, the depreciation you benefited from over the years will be added to taxable income p.11 Earned income is getting paid for something you do Buy, fix up, and sell are things you do and may be flagged as earned income p.14 If you are just getting started and have zero properties, don t worry about having all your entities laid out properlyKeep in mind that this entity s profit will be flagged as earned income, not passive income p.16 Rent a Post Office box and never disclose your home p.31 Section 8 is a HUD subsidized housing program for low income families p.33 In operating rental properties, the quality of your property parallels the quality of your tenant p.48 Document messages you receive from your tenants I strongly recommend one of those phone message pads from Office Depot or Staples with the carbon less copy that remains in the spiral bound book Take the original and place it in your tenant s file folder Save them and write the dates on the front cover of the book p.59 Make sure the Equal Housing Opportunity notice is plastered all over your forms Put it on your application, rental agreement, move in, and move out forms p.61 The American s with Disabilities Act ADA says you must allow tenants to make these changes at their expense providing they return your unit to its original condition Don t advertise the number of properties you own or talk about your success, especially to tenants and others who might envy you p.65.Place flyers in the neighborhood of your rental Grocery stores, coin operated laundries, restaurants, apartment community parking lot, church bulletin board, hardware stores 71 Give the folks who visit your web site the opportunity to fill out some kind of form that will alolow you to call them back 75 On your tenant application ask What is your attorney s name Having this question on your application is powerful Regardless of if they have an answer ideally, they won t , it reminds applicants of the severity of a lease and any pending lawsuits 103 Emergency contact s includes the phrase including nonpayment of rent Nonpayment of rent is an emergency to me and I m letting applicants know my definition an emergency 107 Consider that some applicants may be illiterate, and embarrassed about it, so allow them to leave the property with the application 113 Use a digital camera and photograph the applicants and their valid photo ID identity theft precaution 114 Do not worry about seeing blank spaces in the rental application Do not write on the original in any way, shape, or form It may be evidence to support your decision later an incomplete application is one of the reasons you can disqualify an applicant 115 Have a simple procedure for processing applications You must document the date and time the application was submitted At the bottom of the back of our rental application is a blank to write in the date and time the application was submitted 117 Additionally, when processing applications, take your Application Worksheet and old it vertically in half to create a column to document, in chronological order, the activities you perform in processing the application 118 Feb 25, 11 30am, credit report11 40am, phoned previous landlord If you insist on disqualifying an applicant for whatever reason, never do it over the phone or in person Always do it in writing so you have proper documentation 118 The previous landlord, not the current landlord, is your most powerful reference 121 Ask these questions 122 Did they pay their rent on time Did you receive any complaints Did they damage your property Would you rent to them again When applicants have bad credit, use compensating factors to justifiably qualify them 123 Ex We have ways to help you get qualified For example, you might be able to double your deposit Provide a good credit cosigner Ask for a FULL YEAR paid in advance Dirty people are not a protected class and this should be properly noted on your application 124 Have a Bonus All Star Plan offering rent discounts including free rent when they ve been with you for three years 127 If you do not train your tenants they will perform and behave based entirely on what they have been conditioned or brainwashed into believing about acceptable tenant behavior 130 Talk to your tentants about Paying rent on time and how important this should be Responsibilities and duties of being a resident in an apartment community detailing such things as building rules and respect for fellow residents Explaining to tenants the life of the property and the life of things in a home, for example, storm doors should last 10 years or 15 years, not 3 months Tenant must complete a maintenance repair requests or work order requests Useful LifeCarpet should last 10 years If stained or damaged and it is less than 10 years old, then you are responsible for replacement cost of new carpet 132 Have a written section and be clear about what repairs they are responsible for 135 Once you have selected your tenant through the application, create a file folder for them On the tab of the file folder, write the following Your Rental Property Street Name, Unit , and Tenant Last Name alphabetical order Your file folder should contain everything you have collected since your first meeting your key sign out form, if you use it a photocopy or digital photo of the tenants IDs the rental application and all the papers involved with processing it and the documents in a new tenant package 139 Have you New Tenant Office Checklist in your tenant s file folder 140 The purpose of the move in inspection form is to properly document the condition of the property at the time the tenant moves in It s secondary purpose is to protect the interest of both the landlord and the tenant It s also, in some states, a requirement with existing damages or items in need of repair and cost to be listed as well For houses residential rental property constructed prior to 1978, the Environmental Protection Agency EPA requires you, the landlord, to give tenants the EPA publication Protect Your Family from Lead in Your Home before they rent your property You are also required to give them this pamphlet again if you ever do any repairs to their unit or a common area that disturb a painted surface ofthan 2 square feet 142 If you have an inherited tenant, you can agree to terminate and kill the existing agreement effective on a specific date You both can enter into your rental agreement with a new effective date Not applicable if there is a government program like Section 8 involved 146 Don t accept partial payments once the eviction process has started 150 When there is trouble in your units and a tenant confidentially lets you know, thank them for letting you know Don t involve them in the matter further 151 Never ask your tenants who give this information to help you by putting them out front as your source for information about the suspected illegal activity 152.Many large apartment communities offer free rent or discounted rent to a police offer who will live in their apartment community 154 Where can you buy money Home equity line, signature loans, or even credit cards will allow you to buy rent in single digit interest rates and sell the money at 15% or170 If you have hardwood floors, it is by far ,economical to sand and refinish them than to do the replace carpet routine 171 Don t use vinyl sheet floor covering use vinyl tiles When the flooring gets damaged from scooting fridges, chairs with no protectors, etc you simply replace the damaged tiles 172 Consider getting your own key cutting machine and learning how to re key locks If the tenant gets locked out or loses a key, you can sell the tenant another key 173 174 Use solid oak cabinets in both kitchen and bathroom vanities Solid oak cabinets wear better, last longer 175 Install a wall mounted sink or a cheap pedestal sink This allows for easy access to the plumbing stuff in the future it also prevents the tenant from throwing stuff underneath your sink that might knock supply lines and drain lines loose, causing leaks Avoid having your spouse as your part time office person, otherwise, you can t leave town together 190


  3. Barbara Barbara says:

    This is a must read for landlords As an ex cop and veteran landlord, the author writes with a slightly snarky call it as he sees it style, which can definitely come off to many as distasteful at best But if you can ignore his tone, you will gain much from his book Using very specific systems and forms, the author has turned his method into a formula which is repeatable for any landlord But even if you don t use any of his forms or methods, there is still much to glean, for veteran landlords, This is a must read for landlords As an ex cop and veteran landlord, the author writes with a slightly snarky call it as he sees it style, which can definitely come off to many as distasteful at best But if you can ignore his tone, you will gain much from his book Using very specific systems and forms, the author has turned his method into a formula which is repeatable for any landlord But even if you don t use any of his forms or methods, there is still much to glean, for veteran landlords, including the WHY as well as the HOW For owners looking to make just a few tweaks to their current system or those who are just starting out, Mike s book is chock full of resources Those who wantcan sign up online e for both free and paid resources If you rent property, you should add this book to your library


  4. Jennifer Jennifer says:

    Didn t appreciate the author s use of slang nor tone of voice.


  5. Elizabeth Powell Elizabeth Powell says:

    okay, since we ve been landlording for a couple of years before we read really ANYTHING this book was very helpful It addresses a few of the problems we have had, and probably wouldn t have had if we had read it Save yourself some.


  6. Christina Christina says:

    Good tips, but dated.


  7. Adam Adam says:

    Landlording on auto pilot lot s of resources in here to assist you as you build your empire Nuggets of Truth Shoot for the moon if you fall short your not a loser your just a starInvestor books proI battle hood ratsEveryone of us has to pay the piper eventually just make sure you can cash the checksBus bench When your successful you don t just have everything you need, you have everything you wantHQS Housing qualifications standards Sec 8Depreciation Bills due rent late lights outOperate out of Landlording on auto pilot lot s of resources in here to assist you as you build your empire Nuggets of Truth Shoot for the moon if you fall short your not a loser your just a starInvestor books proI battle hood ratsEveryone of us has to pay the piper eventually just make sure you can cash the checksBus bench When your successful you don t just have everything you need, you have everything you wantHQS Housing qualifications standards Sec 8Depreciation Bills due rent late lights outOperate out of a sense of duty and logicSchedule eCan you tell the folks what it s like to rent a home from my companyChow great dane pit bulls akita wolf hybrids rot wilers doberman pincher husky There are 10 species of dogs forbidden because of insurance company regulationsTenant chargeable damagesLiability free position Good bad credit and bad bad credit The cash they flash might be the money the currently owe their land lordYou must have a favorable credit history You must have a favorable rental history The life cycle of a tenant Is that your subconscious rationalization to convince yourself poor is beautiful Be who you are but amplify itI m a high paid slave trading hours for dollars Turn words into cash Health wealth and the time to enjoy itIf you had to start again would you buy your own business from you I prefer cash in one place my pocket It s one thing to make money and it s another to make money and operate on your own termsPeople fail because of broken focus


  8. Matt Matt says:

    A general guide to tenant and property management The writer is a retired cop from Kentucky who talks and acts like it This is good, because it makes him easy to read, but also it s pretty obvious he thinks all his tenants are completely stupid He is probably not wrong, but that s not the impression I d want to give them Organization is all over the place, but focus is mostly on how to deal with tenants He also seems to know Schaub, who writes a pretty good book.


  9. J Chad J Chad says:

    Awful writing and truly awful ideas Perhaps, if you want to enjoy the literary equivalent of an infomercial, you ll find this book useful I m disappointed to admit I bought this book on a recommendation from an online acquaintance and that is surely not a mistake I ll repeat Save your money and your time and buy any other book about being a landlord.


  10. Eleanor Eleanor says:

    Interesting book with lots of good tips and suggestions However, the book is writtenfrom the perspective a a person making a living with many real estate properties to manage rather than the investor with one or even two properties However, I learned some new things that should prove useful in the future.


Leave a Reply

Your email address will not be published. Required fields are marked *