To make the big bucks in this business, you must hold onto your rent-producing properties. Flip-flopping and selling off assets might sound a little more sexy, but its short lived at best. Selling works in direst opposition to retaining income depreciation credits and avoiding the tax collector. Combined with appreciation, these are the main ingredients for wealth. Obviously, keeping properties requires handling the tenants, who pay you their money every month – but
If you ask folks who are successful long-term real estate operators what made them that way – I’ll bet I can tell you their answer. It’s their ability or skills to handle the people who live in their properties! Do-it yourself investors like me don’t become successful without landlording skills. No one is born with these unique set of skills, but it’s nearly impossible to succeed without them.
Learning “street skills” as well as rules and regulations in my book, will make your landlording job 100 times easier. This is where I can help you the most. I have years of “tender loving” tenant management under my belt and I’ll share my triumphs, as well as some pitfalls. Check out my home study course “Managing Tenants and Toilets, at www.:fixerjay.com. My course will teach you enough street knowledge to gracefully handle most tenant intimidation (#1 cause for landlord suicides). When you learn my special techniques for handling routine renter business by mail, as opposed to personal confrontations or obnoxious phone calls, you’re gonna totally fall in love with my training – I’LL GUARANTEED IT!