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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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From the Back Cover
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
Top Customer Reviews
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.
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.
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.Read more ›
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.
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.Read more ›
Most Recent Customer Reviews
This book does something that most Real Estate books don't give you. Forms that you can directly use. Read morePublished 2 days ago by Scott Hollister
Some things listed in book do not apply to modern day investment property management. PLENTY of useful information and ideas though. Well worth the read.Published 12 days ago by D. Harper
Just buying our first rental property and was glad to have this!Published 18 days ago by Ariel Moore
I recently finished this book and really enjoyed it. I am new to land lording and the information in the book is insightful and I feel a little more confident going forward with... Read morePublished 1 month ago by Dustin Barber
I am a property owner and I wish that I could say that I've got this "landlord-ing" thing down, but after my first breeze through this book I instantly realized just how... Read morePublished 1 month ago by Patrick
Ok, Full disclosure. I was offered another set of forms for an unbiased review of this book. I had previously read this book while in Seattle. Read morePublished 1 month ago by M. Thurman
Mike's common sensense pragmatic approach to the landlord business makes processes, policies, and decisions simple with a template algorithm guidance leading to success.Published 1 month ago by Amazon Customer
I am glad I choose this as the first book to learn about property management as a real estate investor. Mike is very Informative and has a lot of experiences and funny stories. Read morePublished 2 months ago by Amazon Customer
Nice working concepts. Love the idea of managing tenants like employees! Train the tenant with expectation right at the start. Read morePublished 2 months ago by Mike K