Landlording on AutoPilot Quotes

“And finally, apartments for the most part fit the bill as “short-term temporary housing,” just a notch above a hotel or motel. Yes, we can find folks who live in an apartment for years; but most tenants are short-termers and move more frequently than those who take up residence in a house.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Tenants living in house call your house their HOME. Tenants living in an apartment usually call it their APARTMENT.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“I'm not in the hotel business.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“EDUCATION, Education, Your Education Never Stops.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER Waive Late Charges Once you waive a late charge, you have just trained your resident that you do not enforce them. Stick to your guns.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Not Requiring Renters' Insurance This is your first line of defense in protecting your rentals from something caused by your residents. I expand a lot on this in the chapter on insurance. This is very important.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“The more income you report, the higher the market value of your rentals.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER Rent to Family, In Laws, Outlaws, Friends, or Vendors There's just too much at risk.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“I will always recommend you go get your real estate license for the education, training, and access to all of the resources for your business. Do not get your license to chase commissions and listings.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“all you barely see are sparks from those pennies they won't let go of. You must invest in yourself, in education, training, coaching, mentoring, health, and systems and tools, allowing you to Work Smarter, Not Harder. Most the super-extremist hardcore tightwads who I know seem to never be satisfied or happy. They just want more for free. If”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Renter's Insurance This is a must for every tenant. NO EXCEPTIONS in today's world. Try to get them to buy from your insurance agent and have your real estate company listed as additional insured, just like lenders do on your insurance policies now.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“As a rule of thumb, loss of rents will pay you up to six months of lost rent should a tragedy happen to this single-family house.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“When I got started eons ago, I had a $1,000 deductible. Today, most of my policies have a $5,000 deductible and some have a $10,000 deductible.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER file an insurance claim for a stolen air conditioner, stolen tools, stolen supplies, stolen carpet, stolen pipes, stolen furnaces, vandalism, or stolen anything. Pay for this out of your pocket. You do not want to jeopardize your insurance record from these puny claims.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Lesson 2—SAVE ALL Correspondence—It's Your EVIDENCE or Proof Just like Judge Judy on The People's Court, she begins the case allowing each party to tell a short story. After that, she wants proof. It doesn't really matter what it is, as long as it is not noise coming out of their head. It could a phone log, a note with a date stamp on it, a chronological record or a notepad, in addition to receipts and other things. The point is to have SOMETHING other than “He said, she said” to make your case.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Catch-up payment plans—are they allowed? Do they kill your eviction process? Most states say if a landlord accepts any kind of partial payment of rent after the eviction process has been started by the landlord, the eviction action will be dismissed.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“please remember one of the big three fatal mistakes of investors is getting “Bad Advice.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Instruct your team and staff to NEVER confront criminals and thieves.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“kids. So, to keep your folks safer, make sure they get in and out of those neighborhoods BEFORE the school bus drops off the kids.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER Accept Any Cash Payments Except rental application fees, but you can do this online today, too.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER Allow Females to Go to any Property Alone”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER Knock on Doors to Collect Rent NEVER! NEVER! NEVER! This means you are not in control of your business.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER Allow Women to go on any appointment alone. NO EXCEPTIONS. This includes the luxury neighborhoods and not just the normal and low-income neighborhoods.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“great job and many investors have told me about QueensBoro.com, although I have not used them yet.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Turnovers are by far, your biggest expense. The fewer you have, the more money you will make.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Work Orders, Repair and Maintenance Requests are a golden opportunity for your service people to be your eyes and ears because they are basically doing an inspection for you on the exterior of your rental and the interior as well if the item in need of repair is inside their home.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Every Work Order should also be treated as an inspection of your rental property. If your service person has properly documented rental agreement violations, you can email them your legal form giving them notice of lease violations. In my town, they have 14 days to fix the violations or we can start the eviction process.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Therefore, we don't accept partial payments once the eviction process has started.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“Most states include language stating if a landlord accepts any partial payments of rent after the landlord has started the eviction process, the accepted partial payment of rent will KILL and cancel the landlord's pending eviction action.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun

“NEVER Teach a Pig to Sing, It Wastes Your Time and Annoys the Pig.”
― Mike Butler, Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun