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Landlording on Auto-Pilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches Paperback – July 28, 2006


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Product Details

  • Paperback: 264 pages
  • Publisher: Wiley; 1 edition (July 28, 2006)
  • Language: English
  • ISBN-10: 047178978X
  • ISBN-13: 978-0471789789
  • Product Dimensions: 7.5 x 0.6 x 9.2 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (59 customer reviews)
  • Amazon Best Sellers Rank: #35,039 in Books (See Top 100 in Books)

Editorial Reviews

From the Back Cover

Discover how Mike Butler managed 75 rental properties while working full-time as a police detective—before he hired any part-time help

For many investors, landlording is a pain, but not for those who use Mike Butler's Landlording on Autopilot system. It's a simple, proven method for managing rental properties in your spare time—without the headaches. Mike Butler developed this system while he worked full time as a police officer. Before long, he was buying and managing dozens of properties—and consistently bringing in more than 100% of his rents.

Includes free customizable, downloadable forms!

Butler shares all 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

Once you've learned Mike Butler's system, you'll make more money in less time with less effort. Today, Mike Butler is retired from the police force and enjoys more than $1 million a year from his rental properties. Using the techniques and strategies of Landlording on Autopilot will help you achieve your dreams.

About the Author

MIKE BUTLER retired early when the income from his rental properties grew larger than his full-time police officer's salary. He now works as an investor, speaker, author, and a licensed real estate broker. His real estate investing success has been featured in Money magazine, and he has been a featured speaker and trainer at real estate investing seminars across America.

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Customer Reviews

Lots of great information and very easy for anyone to understand.
Cameron
Mike shouldn't advertise "Includes FREE Customizable, downloadable form!" since the links don't work and charges for some of them.
Sergio Guzman
Mike's advice will save you from making beginner mistakes and point you in the right direction every time.
Lexington Mom

Most Helpful Customer Reviews

76 of 76 people found the following review helpful By MoneyMan on November 3, 2007
Format: Paperback
I thought this was one of the best books on managing people and investment assets that I have read. However, one of the primary reasons that I bought the book was for the forms. I should have checked the website first I guess. When I went to download my free forms I was not pleased. First, the links in the books didn't work, I had to hunt and peck my way through several websites to find a "free form" download page. Then I am provided a buton to click to buy the forms in a convienent package for $80. Or I can complete a form with my info to get them emailed to me one at a time. I would have to complete the form for each form I want emailed to me. Then I see that they are charging for specific forms that they state are free in the book.

All in all the book was a good value. I feel however that the Free Forms was a bait and switch and it will prevent me form purchasing any items from Mike Butler in the future. I did email his company form the contact form on the website. All that got me was a barage of spam email from them on seminars, software etc.... I am hoping that I will get somewhere with them and then I can update this review.
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38 of 39 people found the following review helpful By Lexington Mom on October 25, 2006
Format: Paperback
We purchased this book right about the time we were buying our first rental property. It was worth every penny and some. It's an easy read - you feel like you're just having a good heart-to-heart with someone who's been there and done that. 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.

What's as good is the fact that after reading the book you are given websites where you can download free forms - which I must say has saved us HOURS.

If you are just beginning in the rental property business or have not seemed to have much luck - I say this a MUST-READ!!!!

1/2/09 - We were one of the first to purchase this book - and the first to post a review. At the time, the forms, although kind of tricky to download, were free. However, it does seem like Mike is trying to make money from webinars, seminars, etc...and it doesn't surprise me he is now charging for the forms. That was one of the main reasons I gave the book 5 stars - the free forms made it worth everything. I didn't want anyone to think I had misled them initially.
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35 of 38 people found the following review helpful By Student of Life on March 18, 2008
Format: Paperback Verified Purchase
This book has great ideas, however; it promises forms that every landlord needs. They are very difficult to download from the website & you have to pay to get them in the end.

What's more, is it's all to get you to his website so he can sell you everything under the sun from web seminars to packets of his forms and they are all very pricey.

It seems to me that all he cares about is getting huge amounts of money.

It's not unlike a high pressure infomercial.

For me, I won't be buying anything from him again.
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37 of 41 people found the following review helpful By sarayale on September 13, 2008
Format: Paperback Verified Purchase
This book was a big disappointment and I am not sure how it got so many positive reviews. I could tell from the beginning that the author was not that intelligent and that the book was not well written and catered to a blue collar, non-educated audience. Still, I gave the author the benefit of the doubt and kept reading hoping to find some morsel of time saving advice as I have 5 kids and 4 rental properties and a very busy life. The book discusses much in generalities and more than half the book talks about problems with rentals and does not give any solutions to the problems outlined.
I will give one example of the stupidity in this book: It says that everything in a rental should last at least 5 years so that your tenant should have to be responsible for repairs for the first 5 years of his tenancy. Duh, did it occur to the writer that my rental may have a well functioning 10 year old washing machine that might konk out the first year my tenant moves in? Does he mean to imply that I should replace everything that is functioning well so that I can then tell the tenant it is your fault it broke. This is just absurd. Another bad advice he gives is to let prospective tenants check out a key and go see the property themselves so as to save time. Although this may indeed save time you are losing in two ways by doing this: 1) You are losing a valuable opportunity to meet the tenants in person before you process the application and see what kind of people they are 2) you are losing a valuable opportunity to sell the benefits of your property. I frequently can alleviate concerns my tenants have and anwer questions that will make them more likely to take my rental.
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15 of 15 people found the following review helpful By mscott9000 on September 3, 2011
Format: Paperback
I bought this book looking for insights and best practices to help me better manage my 11 rentals. I've been buying and managing for a little while now so I know the standard advice but figured this book would have some gems from someone who's "been there, done that". I was disappointed immediately.

First, the author is adament that single-family houses are by far the best investment when compared to apartments, mobile homes, commercial, and land. As a finance major I had a difficult time getting through this chapter since some very important factors were completely left out of his analysis. First, the author assumes that the investor owns his/her property outright. Financially speaking, it makes absolutely no sense at all to own real estate outright, even if the investor had that kind of money. Secondly, by assuming the properties are owned outright we can't see the effects of mortgages or how many properties could have been bought by leveraging. Third, he assumes that rental properties appreciate at an average of 7% annually without citing his source. Considering that the copyrite on this book is 2006 I think we can safely assume that, at best, we're operating on assumptions that are clearly no longer remotely accurate. I'm a numbers guy and I want to see the calculations. By giving me generic, incomplete calculations I have useless data. I get that though--many readers of this book will not, and I think the author is banking on that fact.

There are plenty of other cringe-worthy nuggets in this book. In one chapter the author loudly proclaims that your renters are not your customers. "Would you make your customers fill out an application?" the author asks. After then acknowledging that many customers do fill out applications he asserts that tenants are more like employees.
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