Take a look through the Forbes annual issue of the richest Americans, and you will find a majority of those personal fortunes have something to do with real estate.
Real estate rental income rarely experiences wild swings in value, instead providing predictable returns at many times the rate of money market accounts or CDs. In addition, there can be substantial tax advantages as well. However, being the “landlord” can be difficult, time consuming, and potentially wrought with financial and legal obstacles. This new book will make the process of managing your rental properties easier. This new book and companion CD-ROM will teach you how to avoid headaches, hassles, and lawsuits by learning how to professionally manage your rental property. Maximize your profits and minimize your risks. Learn about advertising, tenant screening, managing tenants, legal rights, landlord rights, discrimination, vacancies, essential lease clauses, crime prevention, drugs, gangs, security issues, as well as premises liability, security deposits, handling problems, evictions, maintenance, recordkeeping, and taxes. The CD-ROM contains dozens of forms, sample contracts, letters, notices, rental applications, agreements and checklists. It includes topics such as evicting irresponsible tenants, collecting damages, running multiple properties, handling complaints, emergency procedures, expenses, and utility management. We spent thousands of hours interviewing and e-mailing real estate property managers and investors. This book is a compilation of their secrets and proven successful ideas. If you are interested in learning hundreds of hints, tricks, and secrets on how to make money (or more money) on managing your rental properties, then this book is for you. Instruction is great, but advice from experts is even better, and the experts chronicled in this book earn $1,000 to $300,000 per month managing rental properties. Inside the pages of this new exhaustively researched guide you will find a jam-packed assortment of innovative ideas that you can put to use today.
This book provides the reader with everything that needs to be known about buying, preparing and letting a suitable investment property. It explains: how to find and buy the right property; how to find good tenants; where to obtain forms and hot to complete tenancy agreements; how to deal with deposits and rent arrears; the process of regaining possession; and how to comply with current legislation. In short, this book is a comprehensive, but clear and concise guide for the would-be, go-it-alone landlord who wishes to avoid agency fees by creating and managing his own tenancy. By equipping yourself with the information in these pages, you will enjoy the financial and personal rewards that buying property to let will provide.
