8: Learning to Be a Profitable but Ethical Landlord with Al Williamson

<p>Being a Landlord can often be challenging, expensive, and stressful. So, today on the&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>&nbsp;we are speaking with&nbsp;Al Williamson, an active BiggerPockets member and inner-city landlord who has decades of experience dealing with tenants in both multifamily and single family rentals. Al is a pro at reducing expenses, increasing income, and dealing with difficult landlording situations – which is why we wanted to sit down with Al today.</p><p>Before we get to the show, thank you again to everyone who has subscribed in&nbsp;<a href="https://itunes.apple.com/us/podcast/biggerpockets-podcast-real/id594419649" target="_blank">iTunes</a>&nbsp;to help make us one of the top business podcasts in all of iTunes! We’re up to 117 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you!</p><p><a href="https://www.biggerpockets.com/bpp8-al-williamson-podcast-transcript-profitable-ethical-landlording" target="_blank">Read the transcript of episode 08 with Al Williamson here.</a></p><p>In Today’s Podcast, We Cover:</p><ul><li>How Al used a 1031-Exchange to&nbsp;“Trade-Up”&nbsp;to a larger property.</li><li>Tips for&nbsp;living in a small multifamily&nbsp;and living with tenants.</li><li>How to avoid being a&nbsp;slumlord&nbsp;in rough areas.</li><li>Why simply picking up trash can&nbsp;transform&nbsp;your investing.</li><li>The power of “Patient Equity.”</li><li>Al’s goal of&nbsp;Not&nbsp;being dependent on the tenants’ rent to pay the bills.</li><li>Ideas for both increasing&nbsp;income&nbsp;and cutting&nbsp;expenses.</li><li>Al’s plan to&nbsp;revolutionize income&nbsp;for multifamily properties.</li><li>How Al used a very small&nbsp;syndication&nbsp;to buy a rental property</li><li>The&nbsp;biggest challenges&nbsp;for an up-and-coming landlord.</li><li>What the “Landlord Lid” is – and how to&nbsp;overcome it.</li><li>How to Invest in Real Estate when you have a&nbsp;f