Mike Butler

“Your tenants are your employees” is the novel approach that Mike Butler uses to manage his residents. From the first interaction with the tenant, Mike trains his tenants to not cause problems – including late rent payments.  When they pay on time, the tenant gets rewarded.

Most tenants would like to own their own homes – if they had the credit and could afford it.  The housing crisis is good proof of that – all those people flocked to buy even though they could not afford it (and credit really was not checked).  The truth is that, at least in the class of tenants that Mike targets, the tenants is really not able to own a home.

Many landlords feel that the tenant is a ‘customer’.  Since the ‘customer is always right’, this attitude can lead the landlord down the wrong path.  Customer tenants get away with late rent payments and a host of other problems.  Employee tenants have responsibilities and see that good performance is rewarded.

Try this exercise. Read the following statements and see if you can substitute the word “tenant” for the word “employee”.

• You should have a good relationship with good employees.
• Good employees are valuable.
• Exceptional employees should be rewarded for outstanding performance.
• Employees have responsibilities.
• Employees are expected to perform satisfactorily or suffer the consequences for poor performance.
• An employee who is a bad apple, can ruin the good apples.
• Allowing one employee to remain with poor performance can bring down performance and attitudes of good employees.
• Not treating all employees the same is not fair.
• Employee appreciation programs promote good performance, loyalty, productivity, and profit.
• Employee’s length of service should be a guideline of additional benefits to employees promoting employee retention.
• Outstanding or exceptional community service or personal achievements by employees or their immediate family members should be recognized.
• Employees with poor performance should be dealt with in a fair, consistent manner, including termination.

Just like above, substitute the word “property manager” for the word “employer” and “tenant” for “employee”.

• Employer should be responsive to employees concerns.
• Employer should be a leader, not a boss.
• Employer has responsibilities along with consequences.

Changing this attitude will provide a tremendous boost your landlording business.  You will get back more of your time and earn more money.

Technorati Tags: Landlording on Auto-Pilot, Mike Butler, Real Estate, Tenant Tracking

Read this book to discover how Mike Butler managed 75 rental properties while working as a police detective full-time.  Once he got to this point, he finally hired a part-time assistant!

For many investors, landlording is a pain, but not for those who use the system described in “Landlording on Autopilot”. You can manage rental property with a simple, proven system in your spare time.  Learn how to avoid many of the headaches of dealing with tenants, toilets, and trash.  While working as a full time undercover police detective, Mike developed his system to keep his time investment to a minimum.  And he consistently brings in more than 100% of scheduled rent!

The book also includes access to download free customizable forms!

Here are 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 more than 100% of the rent

Using these techniques, you’ll make more money in less time with less effort. Mike used this system to build his real estate investments to the point of bringing in over $1 million in RENTS per year.

This is a great book and should be on every landlord’s bookshelf

Technorati Tags: Landlording on Auto-Pilot, Mike Butler, Real Estate

Mike Butler grew up in Louisville Kentucky.  While working as a full time undercover police detective, he acquired enough rental property to retire in only 5 years!

While buying a rental house in 1991, Mike Butler met Ed Melton Sr..  Ed introduced Mike to the Kentuckiana Real Estate Investors Association (KREIA). From KREIA and by also attending workshops and seminars, Mike Butler developed into a focused, aggressive real estate investor.  Mike is proud that he is able to buy investment property without borrowing from banks.  Mike Butler is still very active in KREIA today.

In order to grow safely and quickly, Mike Butler knew that he would need a good foundation.  Mike explored many property management software programs to find one that could give his empire this foundation.  Unfortunatly, none of the software programs existing fit the bill.  Mike Butler decided to build his own – which he based on Intuit’s Quicken and QuickBooks Pro.  The first two modules were called Tenant Tracking and Investor Books.

Technorati Tags: Investments, Mike Butler, Real Estate, Tenant Tracking