What Every Landlord Should Secret to Flipping Houses 3 months ago   22:48

Phil Pustejovsky
What every landlord should know about property management ideally, before you buy your first rental property.

Comments 565 Comments

Jessica Willmore
Yeah. I had some people I know did far away and got screwed. Totally tried to say something but no it was getting taken care of. So sad was a scam
Noelle Pritchard Barkley
Nurses. Hilarious! 🏆👍🏽🏆💓💁🏼‍♀️
Pay Star
Thanks for the property mngmnt co CRAZY FEE STRUCTURE ! hOWEVER,, where I live most every realtor is also a management co.. so fees are low . .. but investors must have such lined up BEFORE they rent. However, I have no interest in Rentals only Wholesale systems.
How do you run credit and background checks for prospective tenants? How do you validate where they work? Call their boss?
Jose Santiago
How about using a service to get you a tenant and to the credit check / background check? Is there that type of service? If so, what is called?
Tushar Prasad
I rent and always give lease termination notice around nov (the landlord has risk of 3-4 months of vacancy) and then negotiate the rent down. My capital gains from stock holdings cover the rent easily anyways, but I also give notices to the landlord (via free lawyer service from my work) to improve/repair things immediately. My stock holdings have gone up 400% in last 10 years, and the rent is lower than the fixed cost of owning debt-free home (insurance, warranty, taxes, hoa, etc). My salary was always 6 figures but hassle free living has let me focus on my job, where my salary has gone up by 2.5 times in last 10 yrs. I pay rent on time it’s good to find landlords who are funding my stock portfolio 😍
Ang Mo
Love your videos! Thank you
Fantastic video!
Angela Nakiyingi
Fantastic video! Great information
Connie E.
I just moved closer to my rental properties and soon to be taking over management so I can purchase a Lexus. 😄
Roland Michalak
Greetings Phil. I had to evict a tenant, husband & wife, I got a judgement of over $ 8.000 in court, I agreed they could pay me $ 50.00 per month, they paid back about 10 pmts. and then they stopped, I will be back to court to refile in Apr. due to me being in europe till then, the court clerk said I can chase them up to 10 yrs. till they pay me, plus % Do you know if I can report these scam artists to the credit bureau ? I do have their soc.sec. numbers. Thank You, for all of your expertise, My Best, Roland. My property is in South Haven, MI
Wendy Reinert
Love your stories, Phil. My husband passed away and he was everything. The property manager and Mr fix it all. I am disabled. So I had to get a property manager to help me. Honestly, Phil, I feel I'm managing the property manager. I feel like I know more about landlording than they do. I have tried 2 companies and both of them I feel like I'm the one teaching them new things. We were better at renting out our house. I came up with all the ideas to try to rent it in the winter. I said we should have a winter special and take $200 off the rent. I wanted to make it more appealing than the other house that is the same nearby. That bad thing about PM is you can't control Zillow. I would have put it on Zillow. But he hasn't. He is going to sign a person with lower credit. That can be good and it can be bad. I have had a loyal tenant that pays on time that had a very low credit score. But he has a great job. Sometimes people with low credit scores can be good because they don't leave because no one else will take them.
George Valente
Screen tenants...If I like a tenant I ask to drive to their current home and do a walk through to see how they live...without prewarning...If they refuse then it is good bye
George Valente
I meet the neighbors, exchange phone numbers and ask the neighbors to call me if they see things that don't look right at my rental property.
I like your style. Thanks for the education.
In NH we can't do set-outs.
Do you purchase a home warranty plan on each of your properties?
Sounds good in theory. I had 3 rental managers and all 3 sucked. One went out of business and no one else wanted to manage existing renters. They always call me about doing stuff and I hired them to do it for me. One renter took all the light bulbs and batteries out of the fixtures and just vanished. After 2 months we got access to the place. Another kept breaking stuff and I finally refused to fix and they continued to stay there and pay rent. Finally summer with no hvac they left. One management company said I had to take out a liability policy on the manager Incase the renter punched or injured him when doing a walk through. At this rate maybe I should do section 8 only vs avoid it? Property is upside down and I have another place to live, so selling it was unsuccessful. Seems you cant sell and rent the property at the same time or so I have been told. Seems the renters know the game. Usually they start off well, then things go right into the gutter. 2 of the 3 left plumbing boogie traps. One clogged all the drains. Like I said how can renting to section 8 be any worse?
Hire a property manager!
larry moore
Our company has been in rentals for ten plus years. We have been lucky about evictions and property damage. My partners believe it's because of the way I screen them. I find that the more you talk to them the more you learn and that checking out the application is very important. Evictions are no fun but it's part of the process. We also have good houses including some extras so our rent is higher, eliminating what we call " Rent Hoppers" and borderline renters.
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Secret to Flipping Houses What Every Landlord Should 3 months ago   16:11

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