New No-Nonsense Landlord: Building Wealth with Rental Properties

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9780070330405: New No-Nonsense Landlord: Building Wealth with Rental Properties

This work covers a realistic, hard-nosed real-estate investment programme, designed to propel novices and pros to financial independence via savvy rental-housing management. Revised to reflect the current post-real-estate-boom-era realities, this edition covers every aspect of the landlording process, from buying, finances, tax matters and sweat equity to managing fixer-uppers, handling the tenant-landlord relationship and finding hidden gems in rural real estate. Numerous photographs, including a new apartment complex rehab series, complement the text's focus on becoming a successful landlord.

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"The knowledge shared in this book is priceless because it works. Highly recommended." -Robert Bruss, Nationally Syndicated Real Estate Columnist

From the Back Cover:

The practical path to real estate riches

Want 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

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