4.3 • 602 Ratings
🗓️ 21 August 2015
⏱️ 47 minutes
🧾️ Download transcript
#45: Your tenant secures your investment property’s income stream. It is crucial that either you or your manager screens and manages tenants appropriately.
Subscribe on Apple Podcasts so you never miss an episode.
Listen to this week’s show and learn:
01:18 Whether you desire turnkey rental properties or self-managed property, you’ll learn today.
03:59 How to buy your income property while keeping maximum cash in your pocket.
06:48 With your tenants, why you should: “Be friendly. Not friends.” Tenant psychology.
08:05 A smart way to increase the chance that the tenant pays you rent on time.
12:20 The exact 7-word sentence that you tell late-paying tenants when they’ve violated law. This saves you money and grief.
15:57 A landlording technique to help separate your emotions from business.
19:09 An example of how giving to tenants can promote good will in your entire building.
21:18 Screening prospective new tenants.
35:20 Maintaining your rental units.
36:42 Over the longer-term, be a Real Estate Investor rather than a Property Manager.
38:35 More comments on an owner-occupied four-plex.
39:54 Symbolism in the “GRE money tree” logo.
41:05 As a housing provider, you have a responsibility.
Resources mentioned:
MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.
Visit GetRichEducation.com to subscribe to our free newsletter or see all Events.
Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen.
We would be so grateful if you wrote a review! Here’s how to write one at:iTunes, Stitcher, andAndroid.
Click on a timestamp to play from that location
0:00.0 | Get Rich Education is brought to by Mid-South Homebuyers, cash flowing turnkey property in Memphis, Tennessee. |
0:11.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires |
0:22.2 | and billionaires than anything else and can provide you with more wealth and happiness |
0:27.6 | than you ever thought possible. |
0:29.6 | Now, here's your host, investor, entrepreneur, business owner and educator Keith Weinhold. |
0:46.3 | Welcome to Get Rich Education, episode 45. I'm your host, Keith Weinhold. Today we're going where we haven't gone before. We're talking about the |
0:51.3 | dealing with tenants portion of property management, which I always say should be called tenant management. |
0:58.5 | So the polish, the luster is off the show today. |
1:03.5 | We're getting dirt under our fingernails and dust particulate up our nostrils, okay? |
1:10.5 | It's not going to sound like the prior 44 GRE episodes. |
1:15.9 | This episode serves at least two audiences. |
1:19.4 | Number one is the general real estate investor |
1:21.5 | or turnkey real estate investor that doesn't want to do it themselves, |
1:25.2 | and you're really going to get an appreciation |
1:27.1 | for what your |
1:27.9 | turnkey provider property manager does. And the second audience is, hey, this is episode two out of two |
1:35.6 | of the fourplex show. When I describe interactions with tenants and properties, all reference |
1:41.2 | dealing with such in a fourplex sometimes, although this could often refer |
1:45.9 | to any size of property. Of course, you could have hybridized interests here too. Maybe you want to |
1:53.3 | own or occupy a forplex in your local market while you're also buying turnkeys out of market. |
2:00.0 | Now, I managed my own local apartment buildings for five and a half |
2:06.1 | years, which was too long. I shouldn't have done it that long. And it's now been seven or eight |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Keith Weinhold, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Keith Weinhold and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.