Burn-out landlords

[Jacob Casarez]

I was wondering what some of the best ways  are to finding burnt-out, mom & pop landlords who want to get out of the game? 

[Arianne L.]

@Jacob Casarez Driving for dollars, calling off craigslist ads, direct mail, bird dogs (driving for dollars) 

[Thomas S.]

Go to eviction hearings.

[Account Closed]

A lot of folks will tell you to just keep mailing the Non-Owner Occupied/Out of State Owner lists with whatever other criteria you're looking for. I personally don't like direct mail as it irritates the sh!t out of me every time i get one in the mail. To each their own!

I like to find landlords when they're at peak motivation to sell: Evictions. 

1. I put ads on CL and local FB groups offering recent evictees $ for providing the address of the property and their landlords contact info.

2. Go to your county courthouse and request civil court records / eviction filings (every county is going to be different, some will be easier to work with than others)

[JD Martin]

My first b&h was a tired landlord. I would actually just say it was a lazy landlord, really. I rehabbed the house, increased the rent by $300 over what they were getting, got a better class of tenants and later cashed out the property recovering all of my cash and still leaving a property generating $300/mo cash flow. So yes, a tired landlord can be a good source.

[Jacob Casarez]

Jd Martin how long after the acquisition did you cash out re-fi?

[JD Martin]

I can't remember for sure, but it was less than a year.