WARNING: This letter contains information
For Landlords Only…All Others Will Be Offended!
From the Desk of Dave Lindahl
Written Friday, August 15, 2008
There's a hard way and an easy way to do anything. You can break your back all day long, hauling dirt in a wheelbarrow; or you can sit in an air-conditioned gigantic earth-mover, and scoop 1,000 times as much dirt in the same amount of time, while sipping your Starbucks.
The same is true with managing tenants:
You can haul your butt out of bed in the middle of the night to answer yet another "clogged toilet call" from your ungrateful tenants. You can keep chasing them for rent. You can sweat over whether the next tenant will be a biker, junkie, or deadbeat…
In short, you can drive yourself up a wall by managing apartments the hard way.
(In this case, you're definitely the guy with the wheelbarrow.) There are plenty of landlords like this. How do I know? I buy their properties all the time, at fire-sale prices, because they're so burned out, they just want out.
See, I'm the guy in the air-conditioned cab of a monster profit-maker—also known as "apartment buildings". Oh, I used to do landlording the hard way, and I hated every minute of it!
Then I discovered six secrets of landlording, and they have changed my life, and shot my income through the roof!
Actually, that's not true: Because I now own close to 1,000 units, I get the equivalent of 1,000 tenant checks—month after wonderful month—and I very much enjoy that type of tenant contact!
I'm telling you all this because I am willing to share my secrets of landlording with you, so you can join me up in the comfy air-conditioned cab, and make more money than you know what to do with.
Whoa…Let me stop you right there! I don't mean to cut you off, but I gotta clear something up before we go on: I started with nothing: No training in landlording; no money; no family connections; no "easy" real estate markets…nothing. I figured out systems that made me a ton of dough.
Most importantly I want you to realize that I'm giving you a system no one else has out there…a set of real-life, proven, no-nonsense methods that lift the drudgery and fear completely off the process of landlording…
…leaving you with more time and more profits.
Isn't that what you wanted from apartment investments in the first place?
Let me first tell you who I started out as. I was the lead singer in a tiny rock band in Massachusetts. I was OK at it, but it dawned on me that I wasn't going to be bumping Mick Jagger off the stage anytime soon. The nightclub life started to get old, and I wanted to get a real job—and some real money—before I got old, too.
I decided to start a landscaping business! I'd have money, and would stay in shape, too! I wouldn't be cooped up behind some desk, and I'd have my own little business to build. So I got me a rusty pickup truck, and a mower. I was my own boss with my own business!
One little problem: I live in Massachusetts. We have this thing called "Winter". Like a bad relative, it comes calling about every six months, and hangs around another six months. I found out real fast that there were no holes to dig and no grass to mow in the winter!
I was starving! Sure, I grabbed any snowplowing gigs I could, but that barely covered the costs of my rusty pickup, never mind paying all the bills…and FORGET about making that nice, fat profit I had dreamed about.
I won't bore you with my life story. Let me just say that—against my dad's advice—I made real estate investing my last gasp at making a real living.
Fast forward past a lot of pain, anxiety, real estate gurus, investor clubs…you know that process. My first investment was a crummy little three-family property. I was clueless about how to manage even three tenants!
Now the bad news and the good news: The bad news is I got taken advantage of by tenants. A lot. Just as horses know when they have an inexperienced rider on them, my tenants knew I was an "easy mark".
Oh, and my choice of real estate markets didn't help. I lived in Brockton, Mass. Home of boxer Rocky Marciano. Worse crime rate than New York City. Home of tough, gritty, angry, blue-collar tenants who had way more street smarts than I did, and took advantage of me at every turn.
I had one single ace up my sleeve, though: I learn from my mistakes! That's a good thing, because I made enough mistakes to fill Madison Square Garden.
From every mistake, I learned a valuable lesson. I swore to myself (I got good at swearing, after dealing with tenants), that I would create systems to avoid the problem.
So…
They say it's not how many times you get knocked down that counts, but whether you actually get back up. I kept on getting up, and an amazing thing started to happen:
When I added each lesson…created each checklist…and built each new system to my landlording approach, I found myself working less, getting worn-out less, and making more money!
Like the "Little Engine That Could", I finally realized I had reached the top of the climb, and could now take it easier, even as I picked up speed for the next hill!
Ron LeGrand, the single-family home guru says about himself, "The less I work, the more I make." He was right!
In fact, here's something else Ron LeGrand said…this time about me:
"If you want to collect an automatic monthly income, you need properties with big positive cash flows. Dave Lindahl has developed a remarkably fast and easy way to acquire these properties. And he's used it to create a passive income averaging $27,000 per month.
Now Dave will show you how to duplicate him...how to buy with no money down, sell for top dollar, trade up for much bigger cash flows, and snowball your net worth…all without paying taxes. I give his method the highest recommendation."
—Ron LeGrand
(Actually, Ron's incorrect on one point: I used to average $27,000 per month in passive income, but that was some time ago. It's much more now, and growing, with no end in sight!)
I finally figured out how to turn property management into a science: One that follows known principles, is predictable and repeatable. No more guesswork!
I also learned another incredibly important concept:
It's wrong to think of it as "property management"! Noooo! That's what graveyard caretakers do: They manage a property that just sits there, year after year. Your whole goal instead should be on…
…profit management.
Everything must be aligned with that goal in mind. There's a "sweet spot" in management, where you spend enough money that you can charge substantial rents. But you don't want to spend so much that it cuts too deeply into your profits. I've made it my passion to find that Sweet Spot. I've turned that into a science, too, and it works like gangbusters!
Look, I'm not going to try to head-fake you by telling you that I'm willing to share my secrets in order to make the world a better place, or because I'm such a nice guy.
I am a nice guy…but I also have three reasons for sharing my secrets: First, to be blunt about it, I'm not giving them away for free. Yes, I'm a multi-millionaire who's set for life. So why do I need to take your money in exchange for my secrets? Well, why does Bill Gates go to work every day? He creates new things of value, and expects reasonable payment for them. Same with me.
My second reason for sharing is that I have so many profit machines (known as "apartments") going for me now, I'm not threatened in the least by helping my students out, to make money right alongside me. When I fly across the country at 600 miles an hour, for four hours, I can see it's one enormous place. I can't possibly corner the real estate market everywhere. Why bother? There's plenty of room for you and me both to be rich.
My third reason? It's called "male ego". I have a goal to create millionaire students in all 50 states. And I have the time to devote to that goal; that's because my apartment investing business is so automated, even with 38 properties in my portfolio.
I love having students come up to me at events and tell me how I've changed their lives… how they're finally rid of the job "ball-and-chain" they had for so long. It's a big thrill, and I'd love to have even more of these fans everywhere I go.
Now that we've established who I am, and why I would want to spill my guts, let's talk about exactly what I can do for you. I'm talking about…
Hey, I already got all the systems down on paper, as I told you before! It's only natural that I would organize them into a course that others could use, to make their life easier, too.
What I have is a step-by-step, connect-the-dots "blueprint" for managing apartments profitably.
In this system, I don't waste any time with boring, long explanations of things. That's not my style. Instead, I jump right in and lay out my profit-making secrets from the get-go.
Remember those "Six Secrets to Landlording" I mentioned earlier? Let's go through those. At the same time, I'll describe exactly what systems I've created to reap more profits with less work:
Get this: Either you train your tenants, or they will train you. If the latter happens, you'll get no rest, make no money, and will soon be selling your apartment at a discount to me, or one of my successful students around the country.
To prevent that from happening, my system covers the following key points:
That phrase worked for Ronald Reagan when referring to the Russians. It should be your motto when dealing not only with tenants, but also with contractors and property managers.
If you're ever going to reach the Big Time, you need to trust people. You simply can't make serious money by doing everything yourself. But you don't want to trust people blindly. You need systems to verify that people are earning your trust:
It never ceases to amaze me how landlords can be living in the 21st Century, with their level of knowledge stuck back in the Dark Ages.
Half the time they are letting tenants walk all over them, when—if they only knew their legal rights—they could get tough and make lots more money.
The other half of the time, they're playing Russian Roulette…writing ads that can get them slapped with a discrimination suit…not handling security deposits properly…the list goes on. They might as well just drive the wrong way down the Interstate, blindfolded: The end will be just as ugly, but it will come faster than being sued to death by tenants and the government!
I have an easier way.
I'm no lawyer (Sorry Mom; you know I make lots more money being a landlord now)…but I do know some rules about landlording, and I'm happy to hand them to you, on a silver platter:
This really happened to me:
I was in the arbitration room in Housing Court one day, sitting with a tenant and the tenant's lawyer, trying to work out a settlement before I evicted the tenant. The attorney, after reading through the lease, threw it on the table and exclaimed to the tenant, "Why did you sign this lease?"
The tenant said, shyly, "I wanted to live in the building."
The attorney replied, "You might as well have signed your life away!"
I just sat there quietly, smiling!
As I said above, training your tenants is one of the real secrets to managing profitably. And being consistent with your tenants is one of the main ways to train them.
You know how you feel when you're waiting at a restaurant to be served, and the waiter first helps the people that came after you? Wow, does that leave a bad impression. People notice how you treat them vs. how you treat others!
There's another side to consistency—the legal one. In today's lawsuit-happy world, you had better be treating people the same, regardless of their color, race, preferences, etc. My system has many ways to make consistency your friend and profit maker; for example…
I admit it: You don't have to look very far to see some seedier aspects of human nature: greed, laziness, dishonesty…it's a long list. I can't change ten thousand generations of human nature—but I can make lemonade out of lemons!
One of my strongest and most effective management methods has been to anticipate how people will react to something, and structure my approach so their own human nature will lead them in the direction I want them to go!
You need examples?
There are five common tenant concerns when taking over a property. People may not come out and list them, but they sure are thinking about them. If you follow my advice on page 10 about exactly how to handle these concerns, you'll keep your good tenants, they'll be happier, and they'll respect your professionalism. More importantly, you'll make more money!A statesman once said:
This really happened to me:
I had just bought an apartment building in my tough, hardscrabble hometown of Brockton, Mass.
I had been warned that this six-family property was infested by two heroin dealers, a crack dealer, and two apartments full of junkies!
Why did I buy it in that condition? Two reasons: I got it at a GREAT price, and I knew precisely the words to say to clean up the place.
On my very first visit to the property, I'm in the hallway, and a woman stumbles out of one apartment, heavily stoned. She finally focuses on me, and in a confrontational tone, says mockingly "Who are you…the new owner?"
[I calmly and pleasantly unleashed my secret, unusual weapon by uttering four sentences, which I explain in my course.] Her eyes got real wide, and she rushed into her unit and slammed the door.
Within two weeks, all the riff-raff had moved out of my property—without further prompting from me! I immediately raised the rents. I still own the building, years later. Its value has gone from $58,000 to $475,000, and I’m getting $4,100 per month in pocketable cash flow from it.
"Fools say 'experience is the best teacher.' I prefer to learn from other peoples' experience."
Is that ever true! Why make all the mistakes yourself? Why not turbo-charge your confidence—and your profits—practically overnight, by knowing precisely what to do in any situation that might come your way!
I hand you the ready-made forms to use…the tested words to say…the key things to avoid. Here's a sample:
The simple blunder landlords make with keys…and it can land you in boiling-hot water! Find out on page 138.There you have it: The Six Secrets to Maximum Profits in apartment investing, tested and proven by yours truly.
If you can read what I have just described, and not agree that these are the challenges of landlording, well, send me a postcard from where you live, because I've never been to Mars.
Much more important than listing the challenges, is the fact that I'm the only guy who also has all the solutions, organized, explained, and ready to plug in to your situation!
Just as I've heard every line in the book from tenants, I've also heard every line from frustrated landlords.
These are well-meaning people who are stuck. They've sunk lots of money and time into their apartments, and want to turn a profit (or a bigger profit), but they just aren't sure how.
When I travel the country, speaking to real estate investors, someone always comes up to me and starts the conversation by saying "Dave, my situation's different."
I've heard 'em all.
In the School of Hard Knocks, I majored in Landlording For Mega Profits, but I minored in Mind Reading. Let me see if you are thinking any of the following:
"But Dave… How can I say 'no' when a tenant comes to me with a 'hard luck story' that seems true; I want to make a profit, but I'm also a human being with feelings."
My system is not about being a heartless slumlord. On the contrary: I have city officials asking me to take over apartments because they know I'm a fair landlord. If you follow my system and use my materials, your tenants will clearly know the boundaries. Plus, with my pre-screening tips, you're more likely to get good tenants who won't constantly pester you for exceptions.
"But Dave, I have a day job. Sure, if I had all day to work at this, I could do it…I don't!"
I had a more-than-full-time job, too, and I developed my systems precisely so I could run my apartments with a minimum of time. You will not need full time to do real estate, IF you are using my systems.
"But Dave, we have drug addicts and bikers where I live."
“As a result of Dave’s course, I felt confident and well-briefed going into my first deal… . I netted $26,375 in profits! I have three other projects currently underway, and project to net over $30,000 each! I would strongly recommend to any current or potential real estate investor to consider purchasing Dave Lindahl’s course."
--Alastair Hudson
Watertown, MA
I've had 'em all and seem 'em all in my properties: Pushers, junkies, hookers, bikers, gangs…you name it. That's what makes my system so good…It's been "Battle Tested"!
"But Dave, I'm scared stiff to be tough with tenants, when I could be slapped with a discrimination suit!"
You should be… if you're inconsistent about it! What I cover is how to avoid such legal troubles, by following effective policies, consistently applied.
"But Dave, the other apartments in town can charge lower rents than I can."
If you're managing your property correctly, there should always be some property with lower rents, because you don't want to play the price game. That's because the lower your rents, the lower your profits and the lower the quality of your tenants. The trick is how to raise rents, and still deliver quality units that tenants will want to stay in. I show you how.
"But Dave, landlording's different when you gotta deal with Section 8 tenants and federal regulations."
I'm an expert on Section 8! I've had hundreds of Section 8 tenants, in very rough parts of town. You're right: Landlording IS different in certain specific ways, when you're getting that nice, monthly federal paycheck from Section 8. That's why you need the benefit of my experience, to show you how best to deal with these tenants.
"But Dave, rents around here are so low, and mortgages so high, that I can barely charge enough to pay expenses, never mind make a profit."
If you already own an apartment, and bought it "wrong" (i.e., paid too much), then I can't turn back the clock. What I can do, though, is show you how to make the most of what you have. And if you haven't yet bought, my systems will help you to make confident, solid decisions about how much you can pay for a property and still make a great profit.
"But Dave, my property won't support the cost of a property manager."
It's true that some properties can't support the cost of a property manager. But it's also true that most landlords don't know all my tricks of increasing rents and reducing expenses, in order to afford a property manager. It works for more properties than you would think. Let me show you how.
"But Dave, I inherited problem tenants, and can't just kick them out. It's not as easy as renting up an empty building."
Problem tenants are my specialty! Any fool can deal with good tenants that pay their rent and cause no trouble. The real money in this business is made by finding properties with problems, eliminating those problems, thus increasing profits. I will fully arm you with all the tools to train the trainable tenants, and get rid—legally—of the "untrainables". You'll soon be looking for more problem properties to work our magic on!
"But Dave, my building's empty and I have to lease up the entire thing; it's not as easy as inheriting a mostly-full building."
The bad news is it's empty. But the good news is you don't have to unwind a bunch of problems before filling your property. You have a clean slate, and can charge market rents right away. If you have my arsenal of marketing tools, you will soon be filling unit after unit.
You Get A Complete System
Everything you need to start saving time and making more profits is in my Complete System. It includes:
You get a full $1,596.00 value in this complete system. But you won't pay $1,596.00. Because I want to make this a "no brainer" decision—and I want to take all the risk, with my solid guarantee (see below), I'm offering my complete system for an investment of only $697. That's a 56% discount!
You can also pay on multiple credit cards, if it's more convenient to you.
Some landlords realize that the more they invest in proven techniques, the easier and quicker come their profits. They're smart. It's for that reason that I also offer my…
Deluxe System
You get everything I include in the Complete System above; but you also get:
We're talking a $2,245.00 value with all the stuff I'm packing into the Deluxe System. But because you're saving my office time by getting it all at one time on a trial basis, I'm willing to discount the price by over 60%, to only $897.
Again, you can put this on multiple credit cards, if you wish.
How's this for a more-than-fair guarantee:
You don't risk a penny.
That's because you're covered by my bullet-proof…
Order either my Managing For Profits Complete System, or my Deluxe System, and give it your own personal "test drive". Take a full 12 months, and use it as your own. Prove to yourself that it’s making a night-and-day change in your property management. More importantly, see for yourself that it’s saving you many hours each week, and wringing thousands of dollars more profit right into your pockets.
If for any reason—or for no reason at all—you want to return it, simply stuff it in a box, send it back, and I will rush you a complete refund of every penny, including shipping costs. No questions asked. No hassle. No "return authorization" nonsense. No "restocking fee" garbage. No delay.
By the way…you get to keep all my proven forms on CD as my gift, just for giving my system a try.
Not only do you get a "no-risk" guarantee…these bonuses make it a "better-than-money-back" guarantee!
It's not about working harder!
Are you kidding? Any system of mine had better yield me more time, and an easier experience, or I won't do it! I'm through working my butt off! I did a couple lifetimes of that, way back when I was a starving landscaper.
Now I insist on creating and using systems that save me time and money. I only want techniques that allow me to be away from the office doing what I please, and not worrying about whether the system is working or not. My systems will allow you to do the same, and give you more time.
"Hey Dave! I thought you didn't deal with tenants! Why do you have a whole system on how best to deal with tenants?"
Great question! What I'm really about is giving you maximum knowledge and independence, so you have maximum options. I do think it's a good idea to know how to manage an apartment building, so you can talk more confidently with a property management company. It will be even harder to "pull the wool over your eyes" if you've had even a small taste of working with tenants.
Please keep in mind that you DON'T need to start out by doing property management yourself. In fact, I have many students who've always had all their properties managed professionally.
Here's another reason to know how to manage properties: You might run across a great opportunity, but it can't yet pay for a property management firm. Sure, you can pass on it and use my marketing techniques to find another one.
But here again, I want to give you maximum options. So if you have my automatic systems in place for managing tenants, you might be in a position to buy that property now, rather than wait for a different one to come along.
Let's do a quick survey of where you can go for landlording advice:
Option #1: You could try other landlords in the area. You might get lucky and find someone who's done a couple buildings, and even has a good pointer or two. But to find this guy, you'll for sure have to sift through a dozen morons who are suspicious of you, threatened by you, burned out on landlording, lazy, or all of the above.
Option #2: You could go to the bookstore or library and find some chapters on landlording. Not a bad thing to do. Problem is, to write a book, you have to go through the publisher's committee. Those dweebs are going to sanitize the book, make it sound like it came from some business school, and generally take out all the straight talk the author tried to put in. That's assuming the author was knowledgeable in the first place (big assumption). More likely it's an amateur that wants to be an author more than he wants to be a landlord. Still worth trying, but not the Mother Lode.
Option #3: You can learn from experience. You'll learn a lot this way! Minor little point: It will take you years, cost you 5- or 6-figure chunks of money, and trim a decade off your life expectancy. But if you love punishment, this avenue is for you!
Option #4: You can learn from my experience. This is your shortcut! I went to all those landlord meetings. I spent tens of thousands of dollars on seminars, where I learned a hint here, a tip there. I have the scars from personal experience with hundreds of real estate deals…and I'm willing to package all that up and hand it to you on a risk-free basis.
Hmmm… Which of the above options looks like the best choice?…(I knew you'd pick the right one.)
There is not another investment on the planet that has the potential to make you so much money, and also comes with a 100% downside guarantee! In other words, you either make far more money than your investment, or you get your money back.
Here's another way to look at it: All you need to get out of my huge arsenal of tips, tricks, forms, and step-by-step advice is ONE idea that works for you… All you need is to…
…and you've more than made your investment back on bottom-line profits. From that point on, the rest will be pure gravy!
If you're in this business to make money, you cannot afford to pass my materials by, without seeing if you can learn something that will save you time, or make you money right now, this month in your apartment building.
I have a confession to make: I'm not sure I'm pricing this system right. You see, I've haven't offered it widely to all of my students, but am only now starting to do so.
If their response is anything like the few landlords that already have my system, it's gonna be a blockbuster. In which case, what would you do in my position?
Right. I'm going to raise my prices. So please don't be surprised if you find out in the next few weeks—or even days—that I've yanked several of the bonuses, and raised the price by 30-40%.
All you have to do is call 781-878-7114 24 hours a day to get your copy. I accept Visa, MasterCard, American Express, and Discover. Remember, you can even put it on more than one credit card, if you prefer…and you have my personal guarantee of satisfaction, or you get all your investment back.
You can also order through the secure section of my website, at
http://www.rementor.com/landlordtrial.html
We will whip your shipment out of my office, and have it on its way via UPS 2-Day Air. If you give us your email, we'll send you the tracking number.
You and I are a rare breed: We go where others fear to tread. We take on the risk of owning and running an apartment complex when others do nothing but flap their lips about how it's a dumb idea to have tenants; how Uncle Marvin lost his shirt as a landlord; how it's better to get a nice, steady job over at the plant; etc. You and I both know that apartments are the way to big riches, if only you can get the system down. Well, you're right. And I've got the system down, stone cold. Let me help you to show all those "naysayers" just how wrong they've been all along. Believe me, it's a fantastic feeling to shut them up, once and for all, and have them look at you with respect and awe!
Not that you'll be around them much in the future, given your new vacation plans.
I know the way to big money in landlording. I've done it. Call 508-580-5554 now, and be the very next millionaire my system creates.
Sincerely,
Dave Lindahl
P.S. You take more risk buying a burger and fries down the street than you do trying out my 100% guaranteed system…Besides, my deal will help you make enough money to buy that burger joint someday. So pick up the phone, call 508-580-5554, and find out for yourself right now whether there is, in fact, an easier way to landlording riches. (Hint: There is!)
P.P.S. I've decided to "sweeten the pot" one more way: For the next 22 people that sign up, I am going to throw in an audio CD I've just finished, on "How to Reposition Your Property for Maximum Profits". This is all about how you can make minor changes to your property and reap major rewards. You are going to pull your car over to the side of the road and take notes when you listen to this CD, because it's packed with immediately actionable tips for getting the most profits out of your property. You get it, however, only if you take some immediate action of your own, and call 508-580-5554 for your trial copy of my course right now!