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"Landlording On Auto-Pilot"
published by John Wiley & Sons
 

#1 Best Seller
on Amazon.com
Business AND Real Estate Books

256 Pages,
including 3 sections of FREE Forms for Book Buyers

Published by John Wiley & Sons

         One in five houses sold last year in America were rental properties for investment–and everyone who bought one of those properties needs to know how to be a landlord. This straightforward landlord’s resource explains author Mike Butler’s proven, almost "hands-off" and effective system for maximizing a landlord’s cash flow, avoiding tenant headaches, and slashing expenses. One powerful, simple technique, according to Butler’s system, is for landlords to behave like employers and treat their good tenants like great employees. This means giving tenants certain responsibilities and obligations, taking the pressure off the landlord so he can live his life while his investments work for him.

        Now a millionaire landlord, Butler’s system not only allows landlords to manage tenants with minimal hassle, but also shows landlords how to really collect more than 100% rents owed. That’s right! This system shows landlords how to bring in more income than the total amount of their rents, maximizing their cash flow and leading to a higher quality of life for the landlord. Landlording on Auto-Pilot is the perfect resource for every serious landlord who wants all the money, but not all of the work.

        Mike Butler (Louisville, KY) is the founder of WealthBuilding247.com and the creator of Tenant Tracking, bookkeeping software he developed for investors, for both landlording and taxes. Now it’s available for real estate investors and is being used in all 50 states, Canada, England, and Singapore. His system allowed him to manage more than 100 properties while holding down his full-time job as a police officer in Louisville, KY. Now a full-time investor, he is a licensed real estate broker, a Realtor, a charter member of the local chapter of the National Association of Residential Property Managers, and immediate Past President of the Kentuckiana Real Estate Investors Association.

Real Estate Article from Inman News

 

Retired Undercover Police Detective Offers Unique Take On Landlording New book reveals tips on tenant screening, collecting rent Tuesday, September 05, 2006         By Robert J. Bruss Inman News (Robert passed unexpected in Sept 2007)      Whether you are an "old pro" residential landlord or a beginner novice, you will benefit from and enjoy Mike Butler's "Landlording on Auto-Pilot." This now-retired cop and his wife built their realty empire by purchasing mostly single-family rental houses, plus some apartments. Along the way, they developed management methods to minimize the inconveniences often caused by tenants while still delivering superior service.      "Your tenants are your employees" is the novel approach Butler uses to manage his residents. Starting with the renting of the house or apartment, he trains his residents to pay the rent promptly and not cause problems. To accomplish this result, he rewards them for on-time payments.      Butler shares his basic belief that most tenants would buy their own homes if they could afford to do so and if they had adequate credit. However, he acknowledges most tenants, at least in his class of rentals, are not able or are not motivated to own their own homes.      He admits most of his tenant applicants have less-than-ideal credit reports, yet Butler desires to rent to these prospects unless their situation is unredeemable. As a retired cop, he explains how he has rented to ex-convicts who became some of his best tenants after he leveled with them that he knew their history but was willing to take a chance on them.      An interesting twist to Butler's property management style is he holds an annual Christmas party for his independent contractor suppliers, such as electrician, plumber, maintenance people, handymen, roofer, tree trimmer, and other vendors.      He started this tradition because, as a cop, he got invited to many holiday parties. Although Butler's annual party for his vendors costs less than $1,000, including dinner and open bar, when his properties need fast service his vendors usually put him at the top of the list.      Another unique Butler strategy is for the property owner never to tell the tenant he is the landlord. Instead, he always refers to himself as the "property manager." Although he usually makes quick decisions on tenant requests, sometimes he has to say, "I'm just the property manager so I will have to check with the owner." That gives him time to think and to pass the buck if the answer is "no."      One area where Butler is swift to act is when the rent is not mailed by the first day of the month. The postmark is what counts. Butler regales readers about how he once took over a property where the seller collected the rents weekly in person. He shares how the seller told Butler he would never get those tenants to pay by mail. Of course, Butler then explains how he got them to pay on the first of each month by mail.      Longtime property owners will especially enjoy the section about how to avoid rejecting a tenant applicant. Butler exposes many of the tricks used by applicants, such as forgetting to list an address where they were evicted. Sometimes, he even drives by an applicant's current address to check out their housekeeping.      In the chapter about how to handle "inherited tenants" in rental properties purchased for investment, Butler emphasizes how to handle both tenants you want to keep and those you want to move out. He recommends always using written notes and letters to form a paper trail just in case a tenant causes legal problems.      Chapter topics include "The Hidden Tax Benefits, Especially If You Have a Job"; "What is Best? Houses, Apartments, Commercial Property, or Dirt?" "Never Call Yourself a Landlord";  "Your Tenants are Not Your Customers"; "The Many Hats You Wear as an Investor";  "What to do When You Have Too Many Units and Not Enough Tenants"; "Your Answering Service"; "Your Application is Your Crystal Ball"; "Protect Yourself by Never Disqualifying an Applicant"; "Removing Bad Applies the Safe Way"; and "You Really Can Get over 100 Percent of Your Rents."     Is this book an automatic landlording program to rent houses and apartments without work and always collect the rent on time? No. But it provides unique methods not available elsewhere. A bonus is the free rental forms included in the Appendix and on the author's Web site. "On My Scale Of One To 10, This Outstanding Property Management Book Rates A SOLID 10" "Landlording on Auto-Pilot," by Mike Butler (John Wiley and Sons, Hoboken, NJ), 2006, $19.95, 190 pages; Available in stock or by special order at local bookstores, public libraries   ONLY $19.95

 

 

Mike, I am reading your book "Landlording On Autopilot", and I have to give you Kudos, my man! What a great job you've done!
           I am a Real Estate Broker in charge of a very successful brokerage, and I am making your book "Mandatory" reading for ALL my agents. I am also recommending it to all my investor clients. Thank you, Mike!

                Mirela Monte, N. Myrtle Beach, SC     Oct 2007

 

Hi Mike, Thanks for a great book!

Wow, I have finished the book, and it was great! I will continually use it as a reference. There are so many small, valuable tips that I constantly refer back to it. This book will save us a small fortune in the long run...It is a real world book from someone who went thru the growth without the knowledge on just how to do it...and what he would do differently if he had to do it all over again. Advice like that, from a successful person is so valuable, it is like having a mentor with you 24-7!

The real world!, January 23, 2007
Robert. Norris

 

ONLY $19.95

 

 

My manager told me about the book and I ordered it on line. I don’t read much, but when I got the book in I couldn’t put it down.

Thanks, Jerry

 

 

It has been a pleasure reading your book. I've learned so much!

All the questions I had to about how to effectively manage certain nagging aspects of the rental business, have been clearly answered. Your book and your forms are by far the most complete package I have come across.

Your insight and experience prove you have graduated from the old School Of Hard Knocks...I know... I have taken my lumps from Landlording since 2003, and it does "take one to know one".

Your "Auto Pilot" system is what ALL serious property owners are really searching for:

A fair and balanced approach to managing rentals that gets positive results for both Tenant and Landlord.

Thanks so much!   I can now take my rental business confidently to the next level. Looking forward to finding more insights from your work and your experience. 

Sincerely,
Adolfo S. Midence

 

 

 

ONLY $19.95

Landlording On Auto-Pilot

Table of Contents

Dedication

INTRODUCTION: How I Operated 75 Rental Properties While Working My Full-time Job As A Cop Before I hired a 5 hour week Part-time office person.

Section I:  Beginner Basics of Auto-Pilot Landlording

Chapter 1: Reaping Benefits Without Headaches

Chapter 2: The Hidden Tax Benefits, Especially If You’ve Got A Job

Chapter 3: What’s Best…Houses, Apartments, Duplexes, Commercial

Chapter 4: NEVER, NEVER Call Yourself a “Landlord”

Chapter 5: Your Tenants Are NOT Your Customers!

Chapter 6: The Many Hats You Wear As An Investor

Chapter 7: LAWS – Common Sense Is Not Allowed

Chapter 8: CYA - Protecting Your ASSets

Section II:  “Proven” Steps to Capturing High Quality Lifetime Tenants

            Chapter 9: Marketing and Advertising, including a ZERO Dollar Budget

            Chapter 10: What To Do When There’s Too Many Units, Not Enough Tenants

            Chapter 11: Your Answering Service

            Chapter 12: Your Application is Your Crystal Ball

            Chapter 13: Submitting the Application is YOUR 1^st Critical Step

            Chapter 14: Protect Yourself by NEVER Disqualifying An Applicant

            Chapter 15: Let’s Have A Little “RENT TALK” First,

    Chapter 16: Your “Cookie Cutter” Move In, and Signing Papers

    Chapter 17: Written Correspondence Works Wonders

            Chapter 18: Removing Bad Apples The Safe Way

            Chapter 19: You Really Can Get Over 100% Of Your Rents

            Chapter 20: Increasing Your Cash Flow

            Chapter 21: Giving Your Tenant A Project Can Be a Good Thing

            Chapter 22: Mike’s Move Out Package Makes You Money

            Chapter 23: Landlord Tool Box List and Resources

Section V: Forms and More Forms

 

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5 STAR

RAVE REVIEWS!!!
from Amazon Customers

   AWESOME!!!    May 8, 2008

I own $100 million of real estate already-but learned a lot from this guy! Should be called Landlording StreetSmarts...great tip, May 3, 2008

I read many of the books that come out, and should be considered a real estate veteran, not a beginner, as I own over $100 million of real estate in the Midwest, mostly apartment communities. I bought the book because of the title...and really learned a lot from this author. I highly recommend this to ANY owner or potential owner..large or small...you'll make back a thousand times what you paid for this book in the first year of running your own property!!!       J. Stewart. St. Louis, MO

Best Practical Landlord book!, August 7, 2007

   By Stacy Kaat (Wisconsin)

   Mike shares great ideas that are practical for most landlords. He also shares many simple money saving tips. I am going to implement many of his ideas for my business. Thanks Mike!

 

Great helpful ideas to simplify landlording, July 19, 2007

Vanessa Belyea (New Hampshire)

“I found this book has some very good common sense ideas to make landlording carefree. Alot of the information can also be used in various other real estate businesses. I have both long and short term properties and really liked the way the author spelled out and broke down each aspect of landlording from screening tenants to handling maintenance.

I highly recommend not only for landlords but business people who want to free themselves and put their business on auto pilot!” 

 

  

Awesome Book-Real Life Solutions , June 17, 2007 

Todd

Thank you Mike for all the great info. You can't put a price tag on this real life experience and the way it is shared. I truly appreciated it and really enjoyed reading the book

Thanks again 

 

  

Landlord Investing is not Scary, June 13, 2007

Patrick Hall (Japan)

Some authors, and even some investors, normally advise the routes which lead around the seemingly scary Landlord option. Mike Butler breaks through all of the barriers that many of us relate to Landlords and landlording. I am very pleased with the straight-forward explanations along with his Kentucky humor. Mix this book in with other authors like Robert Kiyosaki, Peter Conti & David Finkel, Michael A. Lechter and Ken McElroy to really spice up your views of investing and take it to a higher level. This book has caused me not only to rethink Landlording as an option, but also opened my mind to owning a multitude of single family homes vice apartments/condos.

Thank you Mike Butler!

 

 Great book for beginning and experienced investors, April 14, 2007

P. Szanto (Southern California)

The author is an ex-cop who brings a real-world sensibility to property ownership and management. He started investing while working full time, and he is more than willing to share his mistakes so that you can avoid them.

His ideas for handling tenants are the most valuable part of the book.

This is not a treatise on finance. The author is all about cash flow and tax benefits--namely, the bottom line. Bob Bruss, the respected real estate columnist gave this book a good review, and after reading through and implementing some ideas, I am inclined to agree with Mr. Bruss. Buy this book--it's well worth it!

 

 Best Nitty Gritty Real Estate Book That I Have Ever Read, March 7, 2007

Indiana Home Buyers Mike W. (Indiana)

There are so many valuable little tips throughout the book that are priceless.

After I would read a page or two, I would call my REI buddys and tell them what I had just learned and we would discuss the great ideas in the book. (I learned quite a bit, and I have been an investor for a while)

I you own rental property, buy this book. 

 

 

Fantastic Book, February 7, 2007

A Serious Reader, St. Petersburg, Florida

This should be your FIRST book to buy if you are serious about buying property. It is worth every penny and then some. It's great to have someone who's been there and done that write about their experience. Mike's advice will save you from making beginner mistakes and point you in the right direction every time. His advice is sound and he brings up many items that the first-time rental property owner would never think of.

Mike also gives you websites where you can download free forms - ones' which I never thought of before other than the standard Rental Agreement form.

This is a GREAT READ if you are just beginning in the rental property business!

 

 

Down-to-Earth Advice to a Landlord,

Kathy Gerardy, Maryland

Mike Butler's first published book on landlording provides great advice to both new and seasoned landlords. The book gives practical advice to getting rents paid on time and regularly. I've been following Mike's landlording methods for a few years now and can definitely say that my rent collections have improved immensely since using his systems. The book gives FREE access to forms that other "gurus" would charge hundreds of dollars to get. The book also intersperes landlording advice with overall investing pearls of wisdom to keep the reading lively and interesting. Since this ex-undercover detective has been so successful in the real estate investing world, it's advice not to be ignored. I really enjoyed the book and remain a big fan.

 

ONLY $19.95

 

 

 

 

 

 

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