The Complete Guide to Investing in Rental Properties - Steve Berges

The Complete Guide to Investing in Rental Properties

(Autor)

Buch | Softcover
288 Seiten
2004
McGraw-Hill Contemporary (Verlag)
978-0-07-143682-3 (ISBN)
21,15 inkl. MwSt
Helps you maximize your investment, minimize your time and effort, and make the most of the real estate market. This title shows you how to: select a house and negotiate the best price and terms; perform a financial analysis to maximize value; secure financing and prepare for your closing; find qualified tenants; and, draft lease agreements.
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: select a house and negotiate the best price and terms; perform a comprehensive financial analysis to maximize value; secure financing and prepare for your closing; find qualified tenants and draft favorable lease agreements; reduce operating costs, increase rents, and improve profitability; and, avoid the little-known pitfalls of real estate investing.
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.

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Section 1 How to Buy Rental Properties the Smart Way
1 Real Estate for the Smart Investor
Historical Performance
Four Ways to Benefit from Owning Real Estate
Economic Housing Outlook for the Coming Decade
The Lever and the Fulcrum
The Magic of Compound Interest
How to Build a $10 Million Retirement Portfolio
2 Selecting Great Rental Houses for the Smart Investor
How to Choose the Right Location
How to Choose the Right Type of House
Physical Condition: Inspecting Is Key
How to Determine the Best Price Range for Your Area
3 Eight Ways to Locate Rental Houses for the Smart Investor
Classified Advertisements
Real Estate Magazines
Internet Searches
Billboards and Signs
Real Estate Agents
Scouts
Professional Affiliations
FSBOs
4 Financial Analysis of Rental Properties
Traditional Valuation Methods
How Much Rent to Charge Your Tenants
How to Analyze Your Rental House Investment
Test I: Comparable Sales Analysis
Test II: Cash-Flow Analysis
5 Financing Your Rental Property
Financing Terms and Conditions
Additional Financing Considerations
Loan Documentation Checklist
Six Smart Ways to Finance Your Rental Property
6 Real Estate Sales Forms and Closing Documents
Real Estate Sales Forms
Residential Sales Contract
Property Condition Disclosure
Third-Party Financing Addendum
Loan-Assumption Addendum
Seller-Financing Addendum
Notice of Termination
Closing Documents
Title Report
Settlement Statement
Deed
Promissory Note
Section 2 How to Manage Rental Properties the Smart Way
7 How to Find, Qualify, and Keep Good Tenants
How to Find Good Tenants
Signage
Classified Ads
Referrals
Locator Service
How to Qualify Good Tenants
How to Keep Good Tenants
The Golden Rule
Visibility Adds Value
Concentric Circles
8 Lease Agreements for the Smart Investor
Residential Lease Agreement
9 Eight Smart Ways to Increase Rents by Making These Improvements
Good First Impressions
Landscaper’s Delight
Fancy Fencing
Room to Stow
Room with a View
Flattering Floors
Lighting the Way
Clean Kitchens
10 How to Decrease Expenses the Smart Way
Pass the Buck
Hire the Handyman
Utilize Utilities
A Taxing Matter
Dialing for Dollars
Management 101
11 How to Manage Tenants the Smart Way
Your Role as a Manager
How to Collect Rents when They Are Due
When and How to Raise Rents
How Much to Raise Rents
Section 3 How to Sell Rental Houses the Smart Way
12 Five Smart Ways to Enhance Your Rental House’s Marketability
Begin with the End in Mind
Maximize Your Exposure
Sell What the Buyer Wants
Price Your House to Sell
Sweeten the Pot
13 Six Smart Ways to Negotiate for the Best Price and Terms
Psychology 101
Market Knowledge Is Key
The Trial Balloon
The Blame Game
Put It in Writing
The Chess Player
14 Five Golden Rules for Success
The Five Laws of Gold
The First Law of Gold
The Second Law of Gold
The Third Law of Gold
The Fourth Law of Gold
The Fifth Law of Gold
Afterword
Glossary
Index

Erscheint lt. Verlag 16.4.2004
Verlagsort London
Sprache englisch
Maße 150 x 226 mm
Gewicht 390 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Rechnungswesen / Bilanzen
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Immobilienwirtschaft
ISBN-10 0-07-143682-0 / 0071436820
ISBN-13 978-0-07-143682-3 / 9780071436823
Zustand Neuware
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