Brandon Turner > Quotes

“Life itself is so extraordinary and unique that the only thing keeping people ordinary is themselves.”
― Brandon Turner, The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing

“Remember the story of the tortoise and the hare? While many investors have ‘sprinted’ toward their investment goals, success is most often found by consistent action, not big action.”
― Brandon Turner, How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started

“As you build your real estate empire, don’t get lost in greed and ambition. Whether through your money, your time, your knowledge, or something else: give back.”
― Brandon Turner, How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started

“Having goals is great--but it's not enough! You need action, too! You will need to get off your butt and change the world yourself, because no one else will do it for you.”
― Brandon Turner, The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing

“Let me share with you one of my all-time favorite quotes. Michael Jordan (yes, that Michael Jordan) once said, “Some people want it to happen. Some wish it would happen. Others make it happen.”
― Brandon Turner, The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing

“Real estate investing can make you wealthy, and it can make you wealthy faster than any other investment out there, if you are willing to work toward it. And that’s the key: work.”
― Brandon Turner, How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started

“A goal without a plan is just a wish.” —ANTOINE DE SAINT-EXUPERY”
― Brandon Turner, The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing

“Can I pay my deposit in installments?” The landlord should always collect all of the move-in funds in full prior to letting the tenant obtain occupancy. If they can’t afford the security deposit, they probably aren’t very good at handling their money. This is a good indication you’ll have trouble later. Early in our career, we used to allow tenants to do this until we realized that it never worked, not even once. Unless you enjoy chasing down security deposit payments on your weekends and evenings, simply respond to this question with a firm, “Our policy states the security deposit must be paid in full prior to getting the keys.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“Even more, if that LLC or asset protection entity was not set up with 100 percent accuracy or has not been maintained following 100 percent of the rules, a judge could “pierce through the corporate veil” and go after your personal assets anyway. Don’t think that by going online and opening an LLC you are safe. It’s never that easy.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“exponential growth”
― Brandon Turner, The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing

“their current landlord – because many landlords will lie or embellish the truth in an effort to get rid of bad tenants. Instead, call all the previous landlords for at least the previous five years.”
― Brandon Turner, A BiggerPockets Guide: How to Rent Your House

“You are the average of the five people you spend the most time with.” Think”
― Brandon Turner, The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing

“Just make sure that your rental price isn’t so high that if affects your vacancy rate in a significant way.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“don’t have every answer in the book, but are willing to seek knowledge from other business owners and through books, podcasts, and other educational sources.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“All occupants over the age of 18 who will be living in the home have signed the lease, including the Move-In Condition Report.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“For more on this inbox system, be sure to read David Allen’s book Getting Things Done.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“always right. However, treating tenants with respect, clarity, and promptness goes a long way.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“Al Williamson’s excellent book 40 Ways to Increase the Net Income of Your Rental Property.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“Ouch. Ignorance is not bliss, folks. It can hurt—a lot.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“A bad reference from a past landlord is a huge red flag.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“but we don’t use lease agreements to prepare for the good times, we use lease agreements to prepare for the worst.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“will run out, once again leaving the landlord without a paying tenant. 3. Since these assistance programs are for low-income tenants, these applicants automatically don’t meet the income requirement of bringing in at least three times the monthly rent, putting the landlord at a lot of risk when the tenant is dropped from the program or it runs out. Once again, this leaves the landlord without a paying tenant.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“Getting references from previous landlords is perhaps the most important of all the screening steps.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“Good contractors never need to fight for work, so make sure you are their favorite client, and you’ll never need to fight for them.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“They are fairly easy to get on—and equally as easy to lose if the tenant doesn’t hold up their end of the bargain by continuing to meet the program requirements. The requirements are usually fairly simply, such as attending periodic meetings or doctor’s appointments, or turning in periodic paperwork, but from our experience, tenants on these programs seem to have a difficult time completing them, resulting in their being dropped from the program and leaving us without a paying tenant. 2.  If the tenant does manage to stay on the program, it won’t last forever. Most if not all of these programs have a time limit and”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“Dig your well before you’re thirsty.” —CHINESE PROVERB”
― Brandon Turner, The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing

“How long will you live here?”: Unless you are in the transient business, always look for tenants who indicate they are planning on staying in the home long-term. Because turnover and vacancy can be a couple of the most expensive things a landlord goes through, they should be avoided when possible. If the applicant writes down anything less than a year, that is probably your sign that they are not a good candidate”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“Excellent credit: 781-850 • Good credit: 661-780 • Fair credit: 601-660 • Poor credit: 501-600 • Bad credit: Below 500 In”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“The truth is, black mold is just a naturally occurring fungus that, when highly concentrated, can cause allergic reactions for those with weak immune systems.”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits

“How many evictions have been filed upon you?”: We used to ask, “Have you ever been evicted?” until we read about this little gem in Mike Butler’s book Landlording on Autopilot. In his book, Butler explains that landlords should phrase the question like this: “How many evictions have been filed upon you?” Such wording will require the tenant to think and not write an automatic “no.” Yes and no questions are much too easy to falsify, and tenants are used to questions being phrased that way. Also, an eviction filing identifies an irresponsible tenant as much as an eviction that proceeded to the point of the sheriff escorting them out the door. Both are consequences of bad behavior that you don’t need to deal with. Having them write an actual number also takes away their ability to claim they misunderstood the question. •”
― Brandon Turner, The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits