36: How to Be an Awesome and Profitable Landlord with Kevin Perk

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 19 September 2013

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. 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: The Real Estate Agent’s Ultimate Guide to Dealing with Investors Tenant Screening: The Definitive Step by Step Guide How to Rent Your House: The Ultimate Step by Step Guide AppFolio.com Top Online Property Management Software list from BiggerPockets 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 36.
0:04.0	Can I start?
0:06.0	Can we start?
0:07.0	Do it.
0:08.0	You're listening to Bigger Pockets Radio.
0:11.0	Simplifying real estate for investors large and small.
0:14.0	If you're here looking to learn about real estate investing without all the height,
0:18.0	you're in the right place.
0:20.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:26.0	Your home for real estate investing online.
0:29.0	What's going on everybody? This is Josh Dorkin, host of the Bigger Pockets,
0:33.4	podcast here with my co-host Brandon Turner. Hey Bernie. Hey, hey Josh, how's it going?
0:38.4	Going okay. How you doing? I'm good. I'm doing something different on this podcast that I've never done before.
0:45.0	Yeah, I know you're sitting your lazy backside on a couch.
0:48.0	Yeah, I got my microphone hooked up to my like couch with this big stand and I'm I am like relaxing on my
0:55.4	couch while recording this yeah he's literally like laying out on its couch it's
0:59.7	ridiculous if there's any like chiropractors listening to the show they would hate me right now for the way I'm laying but
1:05.7	That's all right. Yeah nice nice. Yeah, I'll live that's awesome. Cool. All right. Well, yeah good show today coming up. I'm excited.
1:13.7	Yeah, yeah, but you didn't ask me how I'm doing.
1:15.7	So, you know, I said, hey, what's up? I think. I don't actually remember.
1:19.7	Well, I am doing, I am doing well. However, I do want to make a note here.
1:25.0	As anyone who's listening may know,
	...

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