380: Profitable Landlording in a Crisis with Mike Butler, Chris Clothier, and Dave Poeppelmeier

<p>Feeling like you're in uncharted territory as a landlord? You're in good company!</p><p>Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond.</p><p>Brandon and David sit down with <strong>Mike Butler</strong>, acclaimed author of <em>Landlording on Autopilot; </em><strong>Chris Clothier</strong>, partner at REI Nation (formerly Memphis Invest); and <strong>Dave Poeppelmeier, </strong>owner of eight houses in Toledo, Ohio.</p><p>You'll get a <em>ton</em> out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more.</p><p>Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today.</p><p>Enjoy this episode, jump on the <a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a> to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week!</p><p>In This Episode We Cover:</p><ul><li>Mortgage <strong>forbearance vs. deferment</strong> for landlords</li><li>What % of REI Nation's tenants paid <strong>April rent</strong></li><li>Establishing open lines of <strong>communication with tenants</strong></li><li>What tone to use in <strong>conversations about rent</strong></li><li>Why Dave <strong>proactively</strong> reached out to his renters</li><li>Guiding tenants to <strong>government resources</strong> (unemployment, etc.)</li><li>Creating <strong>contingency plans</strong></li><li>Mike's "<strong>Wendy's walk-up window</strong>" for rent payment</li><li>How to look for <strong>better financing</strong> in low-interest-rate environments</li><li><strong>How to stay organized</strong> if you're getting government