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: $14.96
You Save: $9.99 (40%)
(as of 9/10/10 01:20 PDT - Details)
New (23) Used (8) from $12.76
Rating:  13 reviews
Sales Rank: 52054
Media: Paperback
Edition: illustrated edition
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
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| • | ISBN13: 9780910627986 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
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:
Showing reviews 1-5 of 13
 Excellent way to get started! July 8, 2008
Jenifer M. Delia (Clearwater, FL)
4 out of 5 found this review helpful
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 more.
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 first (and best) place to prepare for real estate investment August 14, 2008
Midwest Book Review (Oregon, WI USA)
3 out of 4 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.
Great Resource September 26, 2008
J. Thomas
3 out of 4 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.
Must Read For Anyone Interested in Real Estate! July 17, 2008
Denise Johnson (Scottsdale, AZ)
2 out of 3 found this review helpful
The Complete Guide to Your First Rental Property by Teri B. Clark is a truthful account of what owning rental property will entail. It is a good resource for anyone thinking about becoming a landlord for the first time. It is useful for current rental property owners, as it contains information on applicable taxes and laws. It provides links to all 50 state laws and document templates for easy use and reference. Within the book, the author explains the different types of real estate investments, types of landlord/tenant situations, how to choose an appropriate rental property, and different lending options. This book is an easy read and should be part of every would-be or current homeowner/rental property owner's library. In addition, I believe it would prove useful to retirees since it explains how to use real estate for retirement investment purposes.
renting July 9, 2008
Maria N. Mirakaj (Pearl River, NY)
1 out of 2 found this review helpful
If you are thinking about buying a property to rent, you've found an excellent jumping off point. In The Complete Guide to Your First Rental Property by Teri B. Clark, every question you can think of, every question you haven't yet thought of, and every question that may come later down the road is addressed. From how to find the perfect property, prepare it for tenants, select tenants, draw up a lease, collect rent, continue maintenance, eviction, all the way through even up to taxes and legal fee, Clark does not forget anything. She gives you example after example putting all the mumbo jumbo into real life situations, and always uses easy to understand jargon. At the end of the book, there are pages upon pages of examples of leases and documents that a potential landlord could use and adapt right out of the book. All in all, this is a very useful tool for anyone debating on purchasing a rental property or for someone who already is in it.
Showing reviews 1-5 of 13
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