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Buy itYou are ready to take the plunge and begin investing in your first rental property. Congratulations, but now what do you do? You do not have to go it alone with this new comprehensive book that will guide you step-by-step upon the road to the financial success you desire. Investing in rental properties is one of the safest and smartest investments you can make. Real estate appreciates at a rate far greater than the rate of inflation, builds equity, provides a steady return on investment, provides cash flow, and can offer substantial tax benefits. With the sound guidance in this book you will be able to add to your monthly income, build equity and if you wanted to, retire comfortably and EARLY. Rental property investing is a perfect part-time business because real estate is a business where the assets appreciate and cash flow is generated even when you are absent. The book contains over 25 forms that you will need in your business and an excellent section on the use of the Internet and computerizing your business. The book covers property selection, tenant selection, inspecting premises, marketing and advertising of property, showing the property, tenant application, credit verification, employment and income verification, reference verification, lease agreement, deposits, walkthrough with tenant, collection of rent, late notices and collecting fees, statements, owner's proceeds, tenant complaints and requests, repairs, use of contractors, compliance with state and local regulation, property inspection after tenant leaves, deposit refund, accounting and computer software, income and expense, depreciation, a special section on using computers and the Internet, landlord tenant laws for all 50 states, federal housing regulations and disclosure information, legal issues, real estate terminology, techniques, advice, real estate management tools and software. Includes over 25 forms for use in the business.
| Publisher | Atlantic Publishing Company (FL) |
| ISBN | 0910627983 |
| Features |
|
| Format | Paperback |
| Author | Teri B. Clark |
| EAN | 9780910627986 |
| Label | Atlantic Publishing Company (FL) |
| Edition | illustrated edition |
| Dewey Decimal Number | 643.2 |
| Studio | Atlantic Publishing Company (FL) |
| Number Of Pages | 288 |
| Title | The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day |
| Publication Date | 2008-04-01 |
| Manufacturer | Atlantic Publishing Company (FL) |
Review by K. G. McCann, 2009-06-18
This book is superficial and factually inaccurate throughout. It starts in the first few pages where she says the U.S. dollar is backed by gold (It's not) Then come the obviously phony and exagerated rags to riches case studies, interspersed with advertisements from her fellow realtors, including their phone numbers! Then there's the sloppy writing that, as one of many possible examples, on page 66 values a property using the same $1000. a month rent to figure both the net operating income and the gross rent multiplier, resulting in the wrong calculation of property value!! The mistaken info just keeps coming and coming.
I suspect those positives reviews here are from total real estate neophytes or, more likely, plants by her fellow realtors whose ads appear in this book. Avoid! I sent it back! There are many better titles around.
Review by William Perry, 2009-03-29
This is a great read, especially for the first time investor. Lots of forms, letters, suggestions and ideas on how to find and secure rental property.
Review by Paul Starnes, 2008-12-15
Good information but this is common knowledge. This book is for someone that doesnt know anything about renting a property.
Review by R. Darling, 2008-09-27
If you are just starting out and want a single source to learn what you need know from start to finish, get this book - plain and simple.
Review by J. Thomas, 2008-09-26
As concerns about the housing market rise, The Complete Guide to Your First Rental Property comes at the most fitting time. The book brilliantly takes the elusive, impossible quality away from the idea of purchasing rental property. The soft economy has many running for the hills but Teri. B. Clark uses case studies, experts and first hand accounts to show that real estate is still one of the most effective paths to wealth.
It is not, however, instant or easy money; According to the investors in her book, there's a lot to learn and a lot to do but the rewards are well worth it. The Complete Guide to Your First Rental Property will explain how to use others' money to purchase property, what makes a property worth investing in, how to weigh the risks, how to invest through a self-directed IRA, how to develop your own real estate team and how to find quality tenants.
It also breaks down important need-to-know legislative acts that ensure your fairness to renters. Clark takes you by the hand, explaining property terms and walks you through the process, sorting out your loan options. Beginning and advanced investors can learn the proper way to make money now and later with their real estate property. In conclusion, the public needs this book.
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