The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day | 
 enlarge | Author: Teri B. Clark
Publisher: Atlantic Publishing Company (FL)
Category: Book
List Price: $24.95
Buy New: $15.04
You Save: $9.91 (40%)
New (8) Used (4) from $15.04
Rating:  11 reviews
Sales Rank: 50028
Media: Paperback
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.7
ISBN: 0910627983
Dewey Decimal Number: 643.2
EAN: 9780910627986
ASIN: 0910627983
Publication Date: April 1, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product Description
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.
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| Customer Reviews: Read 6 more reviews...
 good read December 15, 2008
Paul Starnes (Dallas, tx)
Good information but this is common knowledge. This book is for someone that doesnt know anything about renting a property.
 Detailed but to the point. September 27, 2008
R. Darling (St. Louis, MO)
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.
Great Resource September 26, 2008
J. Thomas
1 out of 1 found this review helpful
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.
Timely and useful September 5, 2008
R. Halprin
Have you noticed how many "reality" TV shows on cable are about buying, selling, renovating, or flipping homes? Whether life is imitating art, or vice versa, the popularity of some form of real estate investing in the U.S. seems to be very apparent. That's in part why Teri Clark's new book, The Complete Guide to Your First Rental Property, is so timely and useful. Whether you are a first-time investor or even have a few rental properties under your belt, you will benefit from the guidance presented in this book.
Even when the market is considered soft and the economy unsettled, Clark maintains that "real estate is one of the few investments that offers a secure and steady return on investment (ROI) even in times of uncertainty." In her very readable, accessible new book, Clark provides the necessary tools to help the average person evaluate and chose investment properties perhaps as an alternative to putting your money into the stock market. She also outlines the drawbacks as well as the benefits of real estate, so any potential investor should of course proceed with caution.
The book provides plain-language explanations of what actually is involved in being a landlord, how to identify appropriate properties, determining positive or negative cash flow, loan options, managing tenants, rehabbing properties, navigating tax and housing law, and other key issues. The book also contains many real-world case studies, investor insights, and bullet points to put all the material in context. There is even a section in the book on using a self-directed IRA as a vehicle for buying real estate. (While the material on using the Internet for real estate investing does seem to be stating the obvious, an author never can tell the full extent of the reader's knowledge in this area.) Additional resources include a detailed glossary of real estate terminology and sample forms and contracts.
In general, by the time you finish the book, you will have the necessary background to start investing in rental properties, whether your goal is additional income, building equity, accumulating a retirement nest egg, or all of the above. However, as Clark points out, you must work closely with your team (including tax accountant, real estate lawyer, lenders, and other professionals) before taking the leap. While Clark suggests that it is "always" the right time to buy, remember, due diligence is crucial as there are many variables in play. As the author explains, "If you know what you want out of a rental property, have your finances in order, have a network in place, and have done your research, you are ready to begin."
Do you really have what it takes to be a landlord if not an up-and-coming land baron? Read this book and find out!
The first (and best) place to prepare for real estate investment August 14, 2008
Midwest Book Review (Oregon, WI USA)
1 out of 1 found this review helpful
If you're ready to begin investing in your first rental property, or you represent a general lending library catering to new investors and real estate acquirers, then The Complete Guide to Your First Rental Property is an essential pick. The Complete Guide to Your First Rental Property covers the basics of property selection, acquisition, marketing, housing regulations, taxes, and more. The first (and best) place to prepare for real estate investment.
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