Mike discusses what markets are best to invest in. The answer depends upon your goals, whether you’re looking for appreciation or cash flow. If you’re looking for appreciation then the more glamorous markets may be the place to go, after they’ve had a crash or a decline. If you’re looking for cash flow then the less glamorous or blue collar markets can give you superior returns at a very low risk. We also discussed landlord friendly versus landlord unfriendly jurisdictions. Some states’ laws and courts favor landlords and others favor tenants. This is something you need to research before you invest. The internet makes it very easy to figure out. How do you retain a good tenant? Well as always, Mike has a method for doing this. It’s effective and it will keep your properties filled with the best tenants. It will also enable you to quickly get rid of the tenants you don’t want, come renewal time. Finally, Mike talks about property managers and his experience with finding competent ones. As always there’s a process that you need to follow to insure that you find the best people for the job.
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