The Successful Landlord Training Program | Michael Sarracini Official Site

What makes this program special?

The Successful Landlord system is probably the most intuitive and easy-to-follow real estate tool ever created. It was specifically designed to teach you a wealth-building system, as well as how to take action. It is by taking action that goals turn into reality.

You can read other real estate books all day long, but as soon as you get bored, you stop caring and stop learning. We have always had difficulty getting through the monotony of an entire real estate book. But with the “Checks to the Bank” system that we developed, we’ve turned traditional real estate education upside down. The system provides constant stimulation, keeping you on your toes, and allowing you to stay focused and interested in learning.

The system is entertaining and shows you many real-life success stories of ours and people just like you. Also, we’ve made the lessons fun and very easy to understand. Anyone from 16 to 76 can learn this system, and since you’ll be interested and entertained along the way, you will learn it quickly.

This system consists of three stages, which correlate with each of the three workbooks. As you complete each part, you move another step towards your goal. Each of these stages is divided into lessons, and each lesson is organized into more specific chapters. Following these chapters is the key to learning efficiently.

If you were to build a car, you wouldn’t just randomly start building from the bottom up. You would acquire the smallest parts, assemble them into larger parts, fit those together into even larger pieces, and so on, until you have a finished vehicle.

The same principles apply when learning a new technique like real estate investing. You will first learn the chapters, fit them into the larger lessons, and then assemble those to complete each workbook. Upon completing all three workbooks, you will have learned the equivalent of 200 years of real estate investing experience from the combined knowledge of hundreds of investors.

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Stage 1: Renter to Homeowner

Some of Stage 1 is for people who are currently renting and want to buy their first home, but is also very important to those of you who own your home and want to upgrade, learn more about real estate or want to negotiate better terms with your bank. Lesson 4 is especially important if you already own your home and want to make more money using your current property.

If you do own your home or are already a property investor, it is still very important that you complete Stage 1, the first workbook. It contains exercises that benefit every level of investor. Also, Stage 1 lays the foundation of many concepts that will be referred to and further developed in Stages 2 and 3.

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Stage 2: Homeowner to Investor

By the time you are ready to learn the skills presented in Stage 2, you will have already purchased at least your first home. You will no w learn how to purchase your first income property, which must meet different needs than your residence. While your primary residence must meet your needs of everyday living, your income property must meet the investment needs of cash flow and equity growth.

Buying an income property requires subtle differences in thinking than buying your first home. From financing and valuation to identifying and managing a purchase, you will learn the specific criteria for buying profitable rental units.

Stage 2, the second workbook, outlines how to successfully identify, valuate and manage an income property.

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Stage 3: Investor to Business Owner

We will now take the foundation you built in Stage 1, the practical application you learned from Stage 2, and combine them to form a successful business in Stage 3.

Stage 3 takes you above and beyond a level that you could reach through trial and error alone. We have streamlined the process of acquiring properties and created a “cookie cutter” approach that has enabled many businesses to achieve explosive growth.
We also explore other aspects of property investing, including becoming a lender yourself. Remember that your success is limited only by your ambition and personal level of commitment.

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Course learning components
Seven learning components make up the Successful Landlord system. Every time you see their icons, you will know what it is.

Basic training

Each section starts with basic training. This is where the meat of the information is presented to you. Some concepts are very simple and straightforward. Others take a bit of thinking. Don’t worry, read on and you will see how we take the most difficult concepts and make them easy for anyone to understand and use in the real world.

Quick Punches

Short, sweet and to-the-point! These bubbles are packed with power. Our tips will give you an edge over other real estate investors.
Learn from others’ mistakes!

When investing in real estate, it is imperative that you learn from the mistakes of others so you don’t make them yourself! Pay attention when you see this Caution! sign. It could save you valuable time and money.

Take action!

Here’s where you can really see results. It is time to combine the theories and examples, then go out into the world and do something. We show you a step-by-step action of who to call, where to go and, most importantly, what questions to ask to get what you want. This is the section in later workbooks where you start to make money. Every time you take action you will be one step closer to your goal.

Our war stories

These are stories and anecdotes from our investing careers. You learn first-hand what worked and didn’t work for us, and why we are teaching these methods to you.

Pat yourself on the back!

When you see the Congratulations! icon, it means you have completed another major section of this course. You have taken one giant step towards achieving your goals.

When you reach this icon, give yourself a small reward. It could be a cup of hot chocolate, nice bike ride, or a literal pat on the back. No matter how small, rewards give you the energy and motivation to keep going.

We also recommend big rewards. These are tied to achieving you cash flow goals, as explained in the Goals sections.
Well done!

You get all this for $1597 Special Price $997!

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Limited time offer….Includes taxes and Shipping to anywhere in Canada and the US!

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Course contents

This course has been designed so that all the course materials work together. You can read the workbooks cover to cover or dive into specific topics as needed. You can also absorb the audio and video content one section at a time, or focus on particular segments.
The Successful Landlord system contains the following four basic elements:

Three-stage Success program – A fully detailed step-by-step program in three workbooks

Audio – All the written material on quality MP3 Player

The Successful Landlord Forms portfolio - All the forms, form letters, contracts, comparison charts, and analysis you need to start buying real estate.

The Successful Landlord Goals portfolio - One place to record, measure evaluate and amend your goals. Bring your personal and financial goals in line with the program.

The ‘Getting Started’ Audio Cd and roadmap - Clearly outlines how to use and follow the program through all stages of your investing career. The road map constantly steers you on tract to keep you pointed at your goals.

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A preview of some of the topics we will cover in detail:

Stage 1

Introduction
Hello and Welcome Become a successful landlord
Why Real Estate? The most able investment
The Importance of Goals Dreams vs.goals
Types of goals Characteristics of goals Successful goal setting Three-Stage Action Plan My Five-Year Action Plan
How to Use This Course Stage 1: Renter to Homeowner Stage 2: Homeowner to Investor Stage 3: Investor to Business Owner Course learning components
Course Contents Three main workbooks
“Successful Landlord Forms” Portfolio “Successful Landlord Goals” Portfolio Audio CDs Eco Retrofit Rebate Package
Who are the Successful Landlords? Student tenants
Our first property Student landlords Second property

Lesson 1 – Find Your Perfect Home

Chapter 1: Owning vs. Renting
Renting Owning
True appreciation Pay down your mortgage Pride of ownership

Chapter 2: Cost of Home Ownership Know your financial position
Income statement Personal balance sheet Home operating expenses Lifestyle expenses Closing costs

Chapter 3: How Financing Works
Down payment Monthly income Gross debt service Total debt service Credit
Payment history Outstanding credit balances Credit history Types of credit How to improve your credit types Inquiries

Chapter 4: Understand Mortgage Terms Conventional vs. high ratio Open vs. closed Fixed vs. Variable
Amortization and Term Assumable and Portable Mortgage Life Insurance vs. Conventional Life Insurance Mortgage product combinations Home Equity Line of Credit (HELOC) 7-step mortgage payment exercise

Lesson 2 – Buy a Home

Chapter 5: The right home for you
New houses Resale houses Six types of houses Single detached two-story Single detached bungalow Serial detached Townhome Link or attached home Multi-story condo Property variations

Chapter 6: Build your success team Mortgage brokers
Real estate agent Insurance agent
Home inspector Real estate lawyer Title/escrow company

Lesson 3 – The Purchase

Chapter 7: Offer to closing
Step 1: Know your budget Monthly payment
Maximum price Step 2: Contact your real estate agent Step 3: Viewing properties
Walk through houses Step 4: Select the right one
Floor plan Structure Lighting/windows Plumbing
How to prevent mold Exterior Yard Neighborhood
Step 5: Assembling the offer Price
Conditions Step 6: Presenting the offer and sign backs Step 7: Exercise your conditions Step 8: Property is sold Step 9: Closing date Step 10: Enjoy

Lesson 4 – Income Suite

Chapter 8: Build your income suite
What it is Renovate your basement Prepare the structure
Building permit Moisture sources Cracks Drainage Eavestroughs and downspouts Window wells
Floor drains and sump pumps
Backwater valves Prepare the space
Foundation walls Floors Put the systems in place Air circulation Mechanical ventilation Control of humidity
Keep it safe Fire and smoke detectors Electrical outlets and features Windows Means of egress Enclosure of mechanical room
Additional requirements for multiple occupancies Finishes and coverings
Top 5 reasons people build an income suite in their home Cons
Living with tenants Have the right house from the start Three foundations to building an income suite
Separate entrance Ceiling height Zoning compliance Quick overview
When to start planning The new build
The blank slate The retrofit The ready to go
Garden suites Who lives in a garden suite? The benefits
Ownership Permits Installation Portability Modular housing Mobile home Panelized component housing
Costs Adjacent property values Municipal taxation of garden suits Financial assistance programs Summary Construction: Budget and Execution
Hiring a contractor Whom do you hire?
Check previous clients Get estimates or proposals Review estimates Get it in writing The contract
Completion certificate Holdbacks Good communications Checklist for hiring a contractor Return on investment (ROI) Calculate the return on investment

Stage 2

Introduction Grow and Expand
Personal goals Property investing goals Three-Stage Action Plan My Five-Year Action Plan

Lesson 1- Buy Your First Income Property

Chapter 1: Identify an Income Property
Close to home General trends Affordability Between major points Strong rental demand Vacancy rates Transportation Businesses and amenities Neighborhood values What type of property to buy

Chapter 2: Profitability and Cash Flow Profitability goal
Adjustable-rate vs. fixed-rate mortgage Cash flow analysis

Chapter 3: Future Potential Future potential checklist

Chapter 4: Love the Numbers Numbers, not properties Practical finishes Practical layouts
Property management fees Manage your properties first Pre-rented property

Chapter 5: Be Creative! Creative financing
Creative potential Creative attitude Find tenants before you buy
Find tenants first Remove the risk
Immediate cash flow No mortgage payment first month

Chapter 6: Expand Your Success Team Accountant/CPS
Bookkeeper Appraiser Handyman Partner Work with your real estate agent Research a market
Give your agent directions

Lesson 2- It’s Always a Numbers Game

Chapter 7: Assess the Local Rental Market
Research rent levels Decide average rent levels Act like a tenant Micromarket rent variations

Chapter 8: Calculate Return on Investment (ROI)

Chapter 9: Cash Flow vs. Equity Build Up
Focus on cash flow Monitor equity Check cash flow The power of leverage Down payment vs. cash flow Leverage the down payment Two sisters

Chapter 10: Choose the Property

Chapter 11: Make Offers Renovation cost list

Lesson 3- Become a Landlord

Chapter 12: Find the Right Tenants
Market for tenants YouTube
Websites Newspapers Fliers Signs
Word of mouth Show time
Know your market How to show a house
Make it look great
Inviting and appealing Meet prospective tenants The application process
Tenant application form Checks upfront Screen tenant applications Additional steps
Call references Questions to ask a previous landlord Questions to ask an employer Student references Group leases When one roommate leaves

Chapter 13: The Lease Agreement Set the tone
Lease agreements

Chapter 14: Move-In Process Move-in inspection
Inspection checklist Utility service transfers Same move-in day
When the lease begins

Chapter 15: Keep Tenants Happy Periodic check ups
Maintain goodwill E-mail communication

Chapter 16: Avoid Problem Tenants Late rent fee
Damage policy Government rent subsidy programs

Chapter 17: Repair and Maintenance Prevent vacancies
Smoke detector policies Fire management companies

Chapter 18: Move-Out Process Move-out inspection Wear-and-tear vs. damage Return deposits
Look in the lease Change keys Eviction
Know the laws

Chapter 19: Other Expenses
Insurance, taxes, permits, utilities, condo fees Insurance
Taxes Utilities Permits Condo fees
Hire a handyman Property management companies

Lesson 4- Grow Sustainably

Chapter 20: Diversified Portfolio
Geographic locations Property types Cash flow types

Chapter 21: Addicted to Buying Real Estate Don’t quit your job – yet Reduce anxiety Why you need your job

Chapter 22: Overextending Yourself How to avoid overextending yourself Build cash reserves One property at a time
Disciplined investing Manage what you have Watch your credit lines Tame the wild horse
Top 10 rental practices

Stage 3

Introduction Consistent income
Manage professionally Successful goal setting Three-stage action plan My Five-Year Action Plan

Lesson 1- Organize Your Systems

Chapter 1: Your Office
Filing system

Chapter 2: Your Tenant Records
Tenant spreadsheet Use the tenant spreadsheet
Group lists

Lesson 2- Treat It Like a Business

Chapter 3: Automate Your Business Automatic payments
Automatic debits Tenant notifications Rent receipts Lease renewal Duplicate yourself

Chapter 4: Expand Your Success Team Administrative assistant
How to hire one Property management company Create a property management company Outside property management company How management companies work Questions to ask

Chapter 5: Create a Real Estate Corporation Create a company
Buy in the company’s name
Insurance protection

Chapter 6: Create a Group of Companies
Protect against lawsuits

Chapter 7: Create a Marketing Presence
Website
Business cards Columnist or blogger Financial statements

Chapter 8: Join Associations Landlord associations
Networking opportunities Start your own Major employers Neighborhood groups Community committees City politics
Political clout
City plans

Chapter 9: Make Money, Not Friends
Partners first, friends second Tenants Employees and trades people

Chapter 10: Private Investors Financial splits

Lesson 3- Advanced Buying Techniques

Chapter 11: Lease Options Benefits
How it works
Sandwich lease option

Chapter 12: Foreclosures
Five stages of foreclosure
Foreclosure results

Chapter 13: Tax Liens
Tax lien yields Ways to bid Check lien list

Chapter 14: Buying and Selling Notes How it works
Benefits of notes

Chapter 15: Work With Developers

Lesson 4- Advanced Financing Techniques

Chapter 16: Seller Financing
Seller becomes the bank
Rent covers payments

Chapter 17: Pay Down Fixed-Rate Mortgages
How it works
Fixed rate vs. adjustable interest rate loans

Chapter 18: Generate Cash at Closing

Chapter 19: Equity Pull Out
Using HELOCs Four advantages of HELOCs Use equity to buy new property

Lesson 5- Go Beyond Single Family Homes

Chapter 20: Multi-Residential What is a multi-residential property? Cash flow equals value Cap rates
Good cap rates Location counts
Choose a property Buying strategy Add value or space Underperforming properties Bank loan
Private investors
Legal structure

Chapter 21: Commercial Buildings
Five steps to buying Pricing Cash flow Location
Facilities Management Tenants Anchor tenants Leases
Real estate attorney Buying strategy Use your network Win twice
Getting a loan Apply for a commercial loan Bridge loans Partners Accountant Check zoning and land use restrictions Check environmental history

Chapter 22: Be the Bank Tap into your equity
Collect fees Minimize risk

Lesson 6- Create Lifetime Wealth

Chapter 23: Grow in Your Real Estate Career
Collaborate with others Lead your team Find mentors Keep your values
Take action
Persistence

Chapter 24: Pay Yourself First
Retirement funds
Generational wealth

Chapter 25: Share Your Wealth of Knowledge
Help new investors Give to charities Charity events Give your time Give back to your community

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You get all this for $1597 Special Price $997!

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Limited time offer….Includes taxes and Shipping to anywhere in Canada and the US!

Call our office and speak to a live representative.

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519.265.1039