The Complete Guide to Investing in Rental PropertiesMcGraw Hill Professional, 2004 M05 21 - 288 pages Maximize profits in the single-family and multi-unit rental market You probably know that small rental properties are among the safest, most affordable, and most profitable investments around. With the a little help, however, you can minimize both your investment and your costs and send your profits straight through the roof! In this comprehensive handbook, real estate investing expert Steve Berges reveals the secrets that have made him one of the most successful entrepreneurs in the field. He shows you all of the indispensable tricks of the trade, explains why they are so important, and connects them to other essential steps for super-profitable investing. Arming you with his Five Golden Rules for Success, Steve Berges also shows you how to:
With Steve Berges' expert guidance and no-nonsense advice, you can maximize your investment, minimize your time and effort, and make the most of every foray into the real estate market. |
From inside the book
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... Expenses the SmartWay 183 Pass the Buck 184 Hire the Handyman 185 Utilize Utilities 186 A Taxing Matter 187 Dialing for Dollars 188 Management 101 190 11 How to Manage Tenants the SmartWay 193 Your Role as a Manager 193 How to Collect ...
... expenses, and how to reduce headaches by managing your tenants the smart way. Section 3 focuses on the final phase of real estate, which is the process of selling your rental houses. This section includes such topics as how to improve ...
... considered when estimating the cash flow from a rental property because this is an annual event and cannot be applied effectively to ongoing monthly expenses. Make no mistake, though, a 6 How to Buy Rental Properties the Smart Way.
... expenses. Investors of rental houses should strive to purchase only properties that meet two tests. The first test is to locate a rental property that is priced at or below fair market value, and the second test is to make sure that the ...
... expenses have been accounted for. You should have a minimum of a 1:1 to 1:2 ratio of free cash flow left over after all expenses have been paid to ensure that you can meet the debt requirements adequately. Debt is a wonderful tool, but ...
Contents
Section 2 How to Manage Rental Properties the Smart Way | 133 |
Section 3 How to Sell Rental Houses the Smart Way | 203 |
Afterword | 246 |
Glossary | 247 |
Index | 270 |