Cash Flow Friday Tip #29: Two proven strategies to rid your apartment or mobile home park of undesirable tenants and their guests

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 7 August 2015

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week's show I'm going to share with you 2 different strategies that we've used multiple times over the years in both apartment buildings as well as mobile home parks to help defer any undesirable tenants or guests from the property.

Very often the properties we purchase have existing management challenges and along with these management challenges often come trouble tenants and their guests who weren't properly screened before moving in. Well, when we purchase the property, these troubled tenants and their guests now become our problem as the new owner.

Listen in to see how to get rid of these bad apples.

Recommended Resources:

Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Transcript

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0:00.0	Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies and tips that will help increase your cash flow,
0:12.8	make you a more sophisticated investor, and provide you with the tools necessary to take your real estate business to the next level.
0:19.5	Now, here's the man you've been waiting for, Kevin Bub.
0:23.3	Hey guys, Kevin Bubb here with episode number 29 of the real estate investing for cash flow,
0:28.5	cash flow Friday tip.
0:30.1	Thank you for joining me today as I share tips and strategies that will hopefully bring you
0:33.6	a ton of value and help take your real estate business to the next level.
0:37.7	In this week's show, I'm going to share with you two different strategies that we've used
0:42.3	multiple times over the years in both apartment buildings as well as mobile home parks to
0:47.2	help defer any undesirable tenants or their undesirable guest from your property.
0:53.0	And very often the properties that we purchase have existing management challenges in place.
0:58.3	And along with these management challenges, often come troubled tenants and their guests
1:02.0	who weren't properly screened before moving in.
1:05.2	Well, when we purchased the property, the problem is that these troubled tenants and their guests
1:10.0	become our problem, right? We're the new owner, so these troubled tenants and their guests become our problem, right?
1:11.5	We're the new owner, so these troubled tenants become our problem now.
1:15.2	And here's what we do to make the property a safer place and remove any of the unwanted
1:19.4	riffraff from this community, because that's your goal, right?
1:21.8	You don't want to buy a place that's, you know, got drugs and sex and hookers and all that kind of stuff running through it,
1:28.1	because you're not going to be able to maximize your revenue.
1:30.4	You're not going to be able to attract good tenants if you got those kind of people in there.
1:33.2	So your goal should be to clean out the riffraff and bring in good quality residents.
	...

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