Corona Virus Owner Updates

June 1 – Update

Update on evictions in Kentucky.
Non-rental lease violation and non-renewal of lease evictions can move forward starting today as long as the property and tenant are not protected by the CARES Act.
Evictions for non-payment of rent are still on hold until the governor ends our state of emergency or he amends the current executive order.
This means all evictions currently filed and those waiting to be filed for non-payment of rent are still on hold.
This also means any warrants for possession (sheriff set out) are still on hold.
New filings for non-payment of rent have been extended again until July 25th
Stay Safe


May 29, 2020   13 minute video

Owner Update






May 11, 2020

47 minute update

We Ain’t Seen Nuthin’ Yet

We Ain’t Seen Nuthin’ Yet!

CoronaVirus Financial Crisis Forecast

Last month we reviewed what to expect in America’s shutdown. Well, since then, a lot has happened and in my opinion, it gives us tremendous insight on forecasting the upcoming Corona Virus Financial Crisis.

We Ain’t Seen Nuthin’ Yet. For starters, take a look at the calendar below. This is a snapshot from my notebook during the Power Lunch on this subject. The calendar helps us to wrap our head around the big picture.

Right now we are in the month of May. All seems to be good right now. Many folks are riding the “Gravy Train” of free money coming in from everywhere. Thanks to the CARE Act, folks who get unemployment are getting an additional $600 PER WEEK on top of their unemployment checks. National network news is reporting this is approximately $23 hr to sit on your butt and stay at home. Why go to work?

You might think this is great and now your tenants can pay their rent. Hold on here Bobba-Louie!  Unless you are pro-active reaching out to your tenants and great tenants, you must take a look inside their “bubble,” the world they live in.

Odds are, everywhere they turn they are getting bombarded with messages from media, friends, co-workers, and even family members they do NOT have to pay rent. They also hear about our court system being shut down and closed. Poor old rental property owners cannot file to start the eviction process until July 1st and don’t be surprised if they bump it again to August 1st.

So this puts you in a pickle. You must be pro-active and reach out in a helpful way to encourage all of your tenants to pay their rent now and why not get them to pay for an extra month or two in advance.


May is now. Many investors have applied and received funds from PPP and EIDL. Please read the fine print on all of your loan documents from lender and SBA.

In Louisville, the media is reporting a decrease in rental income from 25% to 33%. Nationally is worse. (My Rental Business is down only 3%) Unemployment on national level is almost 20%. This means 1 in 5 folks are unemployed. In Louisville, it is worser. Unemployment is 33% resulting in 1 in 3 people are unemployed in our town.

As far as your rental income is concerned, back in March, we expected April to be the worst month. Then in April we expected May to be the worst. And now in May… I do NOT expect June to be the worst month yet. Here’s why:

When you look at the big picture, the calendar above, you will see a stop sign in the month of July. This stop sign represents when the majority of the free money runs out. Think about it. Do you really think our economy will be back to 100% at the end of July? I do not.

Okay, so August will definitely be brutal, but nothing compared to September and October. Both you and me are peanuts in this big game of our economy and for the most part, we cannot control anything. But, we can prepare and plan for the worst and hope for the best. We can take action now to survive and succeed.

September will be worse than August. October will be worse than September. I’m going to ruffle some feathers, but this is my old police detective 6th sense gut feeling. Unfortunately, politics comes into play here big time.

Regardless of your party affiliation and political views, let’s keep an open mind and try to stick with the facts. There are a boatload of folks who are Trump-Dislikers (including my monster-in-law) and there are a boatload of Pro-Trumpers.

The Trump-Dislikers are all consumed in doing absolutely anything and everything imaginable, including harming our country, to get him removed from office and/or lose the election in November.

Please bear with me because it is going to affect your real estate and our economy.

Take a close look at the calendar one more time. August, September, and October being the worst smack dab prior to our Presidential election. Guess who the media will probably blame for our economic meltdown? Exactly what the Trump-Dislikers want to see happen.

This is all of the bad stuff. Now for some Great News! Sharp investors can see all kinds of opportunities in the upcoming year. This bad stuff is not just for real estate investors alone, but it will affect homeowners and investors all across America.

If you plan properly, you will be able to “Cherry Pick” some killer deals and you will have a great opportunity to turbo-charge and grow your Self Directed ROTH IRA.

So What Is A Poor Real Estate Investor To Do?

STEP 1: “PLAN” for the worse, hope for the best.

STEP 2:  “WHACK EXPENSES” – Carefully review of your finances and whack as many expenses as you can, at least for the short term.

STEP 3:  “STOCKPILE CASH” and resources to cash. You hear many folks telling you to get HELOCs. (Home Equity Line of Credit on your home and investment properties) Take this up to one better and find lenders who will give you super low, fixed interest rate, for a long time, 25 or 30 years. This is preferred because when the meltdown gets real serious, many lenders will call your Helocs due, even if you have them maxed out. Lenders did this in our last financial tsunami. Lenders are less likely to call them due on long term loans.

Sign Up for Free Investor Trainings every Tuesday at 12 noon eastern at

Did you get any PPP or EIDL money? If yes, you must carefully document every penny received to get the best benefit for your real estate business. Follow my simple and proven system to dot every I and cross every T using the KISS method.

Stay Safe and Stay Tuned for more Corona Virus Updates for Investors

Mike Butler is a two term Past President of KREIA, served three years on the board of National REIA, a recipient of the Ed Melton Award, a property manager, a high-volume landlord, a principal in Tenant Finder Service, a retired early Louisville undercover police detective, the author of the best-selling real estate book “Landlording on Autopilot,” and a national speaker and mentor on landlording and creative real estate investing. Contact him via his website,


Corona Virus Update Video Message from Mike Butler (19 min)


BookMark this page, it is private just for you Watch for more updates below

Tuesday, April 14

Evictions Can NOT Be Filed until July 1st

Friday morning, April 10, 2022 – Please Watch 19 minute video first

Good News?  Keep Your Fingers Crossed

Carla is already getting checks from agencies helping tenants to pay rent! – Gov reported an additional $600 has been added to free money applicants – Gov has added hundreds of employees to help take phone calls applying for unemployment – Caution – government always goes S-L-O-W – Mike expects unemployment and federal benefits to arrive in mid-May if not later, even though we are told sooner – SOME News are reporting Feds are trying to get economy back on it’s feet soon. – State of Washington has already dismantled their Temp Hospital to move to another hotspot in USA – APPLY for all programs you can – Federal, State, Louisville to get free money and 3% loans CAUTION – please follow the rules and do not fudge on your application info and docs. – Credit Unions are a recommended source to apply for all of the SBA, PPP, and EIDL. Avoid Big Banks

National News Update – 10% of USA workforce has filed for unemployment – 33% of renters have applied for unemployment


CAUTION:  just like you have seen recently on the news in Louisville, SCAM artists charging people $240 to be tested for Corona Virus

Now the sharp criminals are using internet, and their target is real estate – old school criminals could rob a bank and get an average of $6k to $8k – today’s internet criminals AVERAGE $140,000 per successful crime and they target real estate owners

NEVER Fall Victim to someone reaching out to you offering access to free money etc. Here are some examples of FRAUD SCAMS