The New No-Nonsense Landlord: Building Wealth with Rental Properties
Techniques for parlaying sweat equity, common sense, and minimal cash into real estate success and financial security\ "The knowledge shared in this book is priceless because it works. Highly recommended."--Robert Bruss, nationally syndicated real-estate columnist\ The New No-Nonsense Landlord eschews the glitz of "how to become a millionaire" real estate books to provide nuts and bolts, how-to information on the hands-on realities of being a successful landlord. It provides landlords as well...
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The practical path to real estate richesWant to make money in real estate? Forget the glitzy "overnight-millionaire" claims and get down to business. The New No-Nonsense Landlord gives you the practical, nuts-and-bolts information you need to build real wealth over time by operating a successful property rental business. Whether you're already a landlord or would like to become one, you'll find proven solutions to every challenge the real world can throw at you. Long-time real estate investor Richard Jorgensen shows you how to find and keep the most desirable tenants, make low-cost repairs that last, take maximum advantage of tax laws, and much more. He explains why your success depends on you, not on the properties you own and helps you avoid the many pitfalls of real estate investing. Through real-world case studies and scores of practical examples, you'll find out how to: Select, finance, and purchase your first property Make big money from small properties Deal with government regulations Manage the tenant-landlord relationship Write a no-nonsense lease Implement rent increases, evictions, and other unpleasant necessities Develop a money-making strategy for your properties
Pt. 1Getting Started and Getting Motivated1Ch. 1Profitable Real Estate Investing for the Average Person3Ch. 2Success Stories of Ordinary, Everyday People10Ch. 318 Key Steps to Better Investing34Ch. 4Successful Business People, Not Successful Properties52Ch. 5How to Avoid the Pitfalls in Real Estate Investing56Ch. 6The Myths About Real Estate Investing65Pt. 2Buying Rental Property71Ch. 7Don't Be Afraid to Start Buying Income Property (Even If You Think Prices Are Too High)73Ch. 8The First Property88Ch. 9Why You Should Consider Rural Properties94Ch. 10How to Get Real Estate Financing111Ch. 11The Legal Aspects of Owning Real Estate131Ch. 12Taxes and Real Estate136Ch. 13Government Regulations and Your Investment Property144Ch. 14The Contract-for-Deed and Other Contracts147Pt. 3Dealing with Tenants163Ch. 15Tenants: The Lifeblood of the Real Estate Business165Ch. 16Establishing a Sound Credit Policy186Ch. 17No-Nonsense Leases193Ch. 18Dealing with Tenant Complaints205Ch. 19Raising the Rent210Ch. 20No-Nonsense Evictions215Pt. 4Moneymaking Strategies223Ch. 21The Fixer-Upper: The Smart Way to Real Estate Profits225Ch. 22Inexpensive Renovation Projects to Consider255Ch. 23Self-Management and Sweat Equity262Ch. 24Enhancing Profits Through Financial Management271Ch. 25Managing Real Estate through a Crisis284Ch. 26Long-Term Profit Strategies296Index307
