The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day By Teri B. Clark
For anyone interested in getting into the world of real estate investment, The Complete Guide to Your First Rental Property is an excellent place to start. Author Teri B. Clark offers practical advice for every aspect of getting into the property game, simplifying the process without creating the illusion it will be simple! I would definitely recommend this outstanding guide to anyone who is looking to become a real estate investor, even if you have purchased a personal home in the past. It contains plenty of valuable information that will make the cover price well worth it.
This guide is a fast read, easily digested in an afternoon so you can jump right out of clueless and right into looking for the perfect property. Real life case studies bring a personal touch, adding interest and illustrating practical application of the topic. I especially found it helpful that people not only shared their success stories, but their mistakes as well. These interviews were straightforward, and at times brutally honest, and the experiences shared will definitely come in handy when it comes time to make that first investment purchase.
As an added bonus, there is also a terrific glossary (for those of us who don't know the difference between ARM and Prime, these few pages are invaluable), and lots of forms useful for getting started. You'll walk away feeling like a real estate insider. The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day 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. The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day
So far so good! The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day Teri B. Clark has accomplished an amazing feat with her Complete Guide she makes the fine art of renting property seem possible and even enjoyable. With her easy to read prose, Clark calmly tackles everything from tax forms and mortgage details to where to find property listed online and how to find reliable tenants. Her snappy section headings make the entire book a delight to read, and her sense of honest humor gives the reader complete confidence in her advice and tips.
Clark capably covers each step of the somewhat shrouded and rock filled path to successful ownership with insight and wit. Her advice ranges from the practical (buy a house when you have the money to do so the market has nothing to do with it) to the specific (how does one decide how much rent to charge?). She includes case studies throughout that showcase how professionals conduct their own rental properties, and there is a sense that not only does Clark know exactly what she is talking about, but each thing she tells readers is supported by a wide array of well informed and experienced people in the field. This kind of confidence is a comfort to find in a guide book like this; after all, investing in real estate can be a frightening prospect, especially with the housing market crisis occurring today. Clark makes it seem like such a crisis can be weathered by any smart rental property owner who gets into the business with a full understanding and appreciation of what lies ahead and Clark gives that background in this guide.
The book is also filled with sample leases, blank charts, and other extremely relevant and useful forms and questionnaires that only enhance the reader's experience. Clark even includes websites that offer property searches, websites that explain tax information, and many, many .
While reading this book, the reader can sense that Clark is providing the most up to date and realistic guidance for this venture. If someone is contemplating getting into the real estate rental business, this is definitely the place to begin researching the feasibility of such a dream. The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day 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. The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day Made me aware of what I could do better, with my rentals, esp. Credit checks on the renters, and not feeling sorry to their misfortune, I had to evict the first family that I rented to. ( inherited the property) so now I am reading up on landlord and tenants relationships, and how to build a profitable business. The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day Ineloquent and inadequate This book is filled with obvious statements and cliches. Moreover the writing is disjointed and really not substantitive. I was hoping for insight on my first property, but there was nothing you couldn't find in an online article. The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day
You 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.
Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company presidents garage, Atlantic Publishing has grown to become a renowned resource for non fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high quality manuals that give readers up to date, pertinent information, real world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 288 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version. The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day