Mike Butler
Mike is a focused, aggressive real estate investor, who takes pride in avoiding banks to buy investment property.Mike realized early on he MUST have a strong foundation to grow quickly and safely. Mike has reviewed many property management software programs only to discover they fell short of what he needed. Mike has spent thousands of hours tweaking and researching Quicken and QuickBooks Pro. His method is getting the results that he needs.In May 2002, Mike was invited to be a featured speaker at a regional conference of CPAs and the rest is history. His simple laid-back street level teaching style is easy to understand and benefits all levels of investors, from the beginner to seasoned veteran.Successful investing utilizing tenant tracking and effective property management and bookkeeping techniques enabled Mike to retire in March 2000 after 13 years as a Louisville Police Detective.He was featured in Money magazine, June 2001, in the article "Can Real Estate Make You Rich?". Mike Butler is a Kentucky licensed real estate broker, a realtor, member of KREE, and a charter member of NARPM.
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Tenants Are Not Your Customers
Recently, I had the pleasure to participate in a national conference for landlords. During my presentation, I asked the question: “How many landlords think your tenants are your customers?” The majority of the room raised their hands. Then I dropped the mental bomb and made the statement “Your tenants are not customers!” After making this …
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Should I Get Real Estate License?
New investors almost always ask “Should I get my real estate license?” or “Should I become a real estate agent?” It’s almost immediately followed up with a comment similar to…”I was talking to or I saw on TV and said… I don’t need to be a real estate agent to be a real estate investor”. …
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Removing the Bad Apple Faster and Legally
Just like computers crashing, tenants dealing dope is simply a matter of when it will happen and not if it happens. There are no boundaries. Although the media tries to portray it occurring primarily in low income neighborhoods, dope is everywhere and dope dealers are part of our society at all levels. Your rental properties …
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Protecting Your Assets
Protecting your assets should be a critical part of your investment program. Years ago, we had several reasons not to worry too much about it. Here were some of my excuses: 1.) The old “can’t get blood out of a turnip.” If you don’t have any assets, there’s not much for them to get. When …
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Market Conditions
Understanding market conditions and having that “6th sense” of what is going on, allows the successful investor to stay out in front and operate where there is no competition. Just like the book “Who Moved The Cheese?”, screening tenants for your rentals is critical now more than ever. We have seen many small market indicators …
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Let Your Fingers Do the Walking: 15 Questions to ID a Motivated Seller Fast
Wouldn’t it be great if you could “cherry pick” properties for sale in your town? You really can if you have a system to capture information allowing you to quickly handicap the property AND retrieve it again in the near future for good effective follow up. Capturing great deals seems to be the most common …
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Identify & Expand Your Comfort Zone
This subject is very important and is the foundation you build and grow your real estate investing. Many gurus will tell you “how to do this and how to do that”; however, seldom do they consider what is acceptable to you. Let’s start with a “Comfort Zone” test question. Here is your test question and …
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Forms, Laws, and Hats Made Simple
Forms, Laws, and Hats we wear will be made simple and we’ll tackle and address the painful, hidden confusion and frustration of trying to “do the right thing” as an investor. When I got started as a real estate investor, I had a job as plain clothes detective in my town. I’d like to think …
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Answers to All Those Questions You Forgot to Ask About Land Trusts
It’s amazing to still see many investors who aren’t using land trusts at all, along with investors using them improperly. On top of this, there’s a boatload of investors who are victims getting abused with every property purchased. Somewhere out there, somebody knew somebody who had a friend who did this or that and the …
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