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The PERFECT Tenant!

Mike and Bo · 1,316 words · 6 min read

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0:00THERE'S THE BOSS.

0:01WHEN SOMEBODY TRY TO CHARGE ME

0:03SOMETHING, GO WITH HIM.

0:06I THINK YOU SHOULD RUN FOR PRESIDENT.

0:07YEAH.

0:08That's what I want.

0:09Yes.

0:11I'm in.

0:12That one is really good for the

0:13allergies.

0:14Yeah.

0:15She's making supplements here.

0:16Yeah, I do orders online for that

0:19customer. I bottle here, labels and

0:21everything, and then I keep it on here.

0:23She got the orders online, send it to

0:25me, print out, and I make the orders

0:28here, like six pack, three pack, four

0:30pack.

0:30So, if I wanted to have one with my

0:31picture on it, you'd make them up?

0:34Uh

0:35So, we've had rain recently. Have you

0:36had any roof problems, anything that you

0:39want to make us aware of? Electrical or

0:40roof problems recently?

0:42No.

0:43So, you're leasing the building and

0:44you're distribution for these different

0:46type of pill companies. Is that kind of

0:47how it works? Or the pills companies

0:49leasing the building and you work for

0:50that you're you're leasing. Okay. Okay,

0:52great.

0:52It's a very small, but I don't need

0:55much. Everybody like money, right? But I

0:57like money to buy my food, my stuff, and

1:00like keep going, keep going. I'm doing

1:02this for 17 years, but on my own, it's

1:04my fourth year.

1:05Okay, well, congratulations.

1:08Not many people can say that.

1:09The truck driver, they don't want to

1:10came from California to here. Me and my

1:13husband drive to bring the material in

1:15LA, come back, work in the night.

1:17Good for you guys. That's awesome.

1:19That's awesome.

1:20I can understand why people say no work.

1:23Right, thank you. And we see it all the

1:24time.

1:25All right, everyone hear this? The

1:26hardest working lady in town.

1:27The owner from this place, they died

1:30last year. The lady sold the place, and

1:32I said, "Okay."

1:33All right, well, we appreciate you. We

1:34look forward to a great relationship,

1:36and I'd love to hear your story. It's a

1:37great story.

1:38I'm Mexican, but I'm kind of Mexican

1:40they don't like to say.

1:42Oh, you don't want a handout?

1:43I don't have no food. No, if you no

1:45work, you don't have no food. If you

1:47don't work, you no pay your bill.

1:48Hey, I think you should run for

1:49president.

1:50Yeah.

1:51That's what I want.

1:51You should run for president right now.

1:54I like that.

1:55All right, check it out. When you're

1:56watching these videos, we know that you

1:57guys have questions that aren't

1:58answered. Might be about business, might

2:00be about real estate. Well, guess what?

2:01We can answer all those questions that

2:02aren't getting answered in this video.

2:04So, shoot us a text at 928-605-4335

2:08cuz there's questions that need to be

2:09answered and this dude and I will answer

2:10those questions for you. 928-605-4335

2:14shoot us a text.

2:15I have puppies.

2:16Look at

2:17Look at their dogs.

2:20Dude, look at that. That is awesome.

2:24That's your love.

2:28Baggy pants.

2:30That is so funny. That is awesome.

2:34That's so funny. This is what they make

2:36and also sell at It's what meets and

2:38stuff.

2:38Yeah, stuff for their dogs.

2:40Love it. Okay, so in every partnership

2:41there's a boss. Are you the boss or you

2:43the boss?

2:44Yep.

2:46THERE'S THE BOSS.

2:47WAIT, WHEN SOMEBODY TRY TO CHARGE ME

2:49SOMETHING, GO WITH HIM. NO, I'm just

2:50kidding.

2:53But all these is teeth.

2:55Teeth?

2:56Mhm.

2:56All of this is teeth?

2:58Different kind of teeth I have in here.

3:00Some people go, "Hey, what's better,

3:01commercial or residential?" This times

3:0310, small industrial buildings,

3:05hard-working people trying to pay rent,

3:07running a small business. We love these

3:09all day long. This as opposed to a

3:10fourplex. Not that we got anything

3:11against them, but I'd rather be renting

3:13this lady working hard, running her

3:14business, paying her rent before it's

3:16due. We are going to have zero problems

3:18with this. 6,600 square feet, got one

3:20tenant in there. He's been here for 4

3:22years. He's probably going to be here

3:23for the next 14 years. Cuz she's telling

3:25her story to us. She's like, "Yeah, you

3:26know, I get in here at 5:00 in the

3:28morning and sometimes I don't leave till

3:297:00 at night." She's putting in a

3:3014-hour day and she ain't bitching. They

3:32love their business. They want to pay

3:34bills on time and they're putting out a

3:35great product and we love rentals.

3:37Yeah, 100% man. So, that's why we choose

3:39light industrial, flex space.

3:40people in business, too. So, she's in

3:42business. Her story is smiles, laughing,

3:44being in here. And we've been there

3:45where we've had bad landlords in the

3:47past. So, we like to be a good landlord

3:48to a good hard-working family that's

3:50working her ass off. And she's so proud

3:52of this, but she ain't stopped talking

3:53since we got here about her business.

3:55So, for that she's a 10. We love the

3:56building. We love the price. Do it over

3:58and over again. Oh, wait. Now we have

3:59151 of them.

4:00And there's the best realtor in town.

4:01Clay Merigan, if you guys ever need

4:03anything at all, looking for buildings,

4:05looking for fourplexes, I've got a

4:06couple listings out there. Therefore, I

4:08get a bunch of calls.

4:09And here's the deal. When you're dealing

4:10with realtors like this, guess who they

4:11call first? People that can close the

4:13deal. So, all the time we get first

4:14options. So, guess who was the first

4:16person to look at this building? Bo and

4:17Mike.

4:18Yeah, exactly.

4:19Danny.

4:21And Danny.

4:21Danny found the building.

4:23Danny Sixberry.

4:24We're not taking credit cuz we couldn't

4:25do without our partners.

4:26I appreciate you guys.

4:27And that's the truth, man.

4:28Thank you guys.

4:28Yep. Take care. Love your photos, man.

4:32She's paying very cheap rent right now

4:34for this place. And good for her. She

4:36negotiated a good lease, but in a couple

4:37years here, it's going to come up and

4:39we've got to get it to more market value

4:41to where it cash flows and makes sense.

4:42But we definitely want to give her the

4:43heads-up as soon as possible so that

4:45she's prepared for it.

4:46But she's got 2 years and she's got a

4:48great lease. We're going to honor the

4:49lease when we take over in February, but

4:51hard-working person and we love to see

4:53that, man. Small business working hard,

4:54employing people, putting out a nice

4:56product. Love it.

4:57This is a good deal?

4:57We just put it to you as a person that's

4:59going to notify when the rent goes up.

5:00Oh, Mike. I will be there.

5:01What a nice little story. She She says

5:03she loves it here.

5:03I was watching this for 6 months and so

5:06was Clay. It was into the $800,000 and

5:08then came into the $600,000 and then

5:10Clay saw a note that only real estate

5:12agents could see that will allow you to

5:14split the properties. This is a 60

5:15almost 7,000 square feet. I'll be able

5:17to get 6,500 bucks a month. Fist bump

5:19deal.

5:19Yes.

5:20Absolutely.

5:20Awesome.

5:21So, we'll find another one.

5:22Another one. Awesome. Keep going, dude.

5:23We ain't quitting.

5:24We ain't quitting.

5:25Good stuff there, dude.

5:26Yes.

5:26Good. Good. I'm in.

5:28We never buy anything unless it's under

5:30value and we can cash flow from the

5:31beginning. So, I'm happy with what we've

5:33done. Just snagged another one. We got

5:35another one we're going to be putting

5:36into escrow. So, just keep doing the

5:37same thing, right, Bo?

5:38Half the people that are doing the big

5:39deals, they only have a small percentage

5:41ownership in it. They've done a fund or

5:43they've done this or a syndication. So,

5:45they don't small percentage of 95, 99%

5:48of all the we own, we own 100%. So,

5:5199% of the time we own 100% of the

5:57Love it, man. Love it.

6:03Woo.

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