Expand your knowledge as a landlord to make more money, reduce headaches, and expand your business by reading the top books on the subject. Here's a look at some books you’ll want to add to your library to help you improve as a property owner.
The title makes a bold promise, so you may wonder if this book can live up to its name. Written by Bryan Chavis, founder of Landlord Academy, this book provides detailed guidance on acquiring and managing rental properties. Readers will learn how to recognize good properties and attract great tenants. It explains details about everything from financing the purchase to creating lease agreements and even includes all of the forms a landlord would need in the tool kit.
You probably recognize the Complete Idiot’s Guide and know it’s written in plain language everyone can understand. The book was published in 2000, but it still contains valuable insights into managing rental properties. Geared towards those with just a few properties, it delves into many of the issues any landlord will face. You’ll learn how to protect your investment and effectively deal with tenants.
While you must know the laws for landlords in your own state, this book will provide valuable insight to help you stay on the right track. It covers everything from moving tenants in, moving them out, and all of the stuff that happens in between. You’ll learn what to do for fair housing, your responsibility for repairs, and even how to deal with environmental hazards. It also includes charts for all 50 states to explain some of the common differences. This is a guide you’ll definitely refer to more than once.
This guide will show you how to maximize your profits by including all of the deductions you’re entitled to. Whether you have a few properties and do your own taxes or manage a large rental property with a professional accountant, this book can help you prepare for tax season. Learn the latest rules from the IRS and how to deduct your operating expenses correctly. Understand how to deduct repairs and depreciation, as well as how to include (and when not to include) interest.
This book is designed for those who want to make real money in rental properties. Written by Brandon Turner, co-host of the BiggerPockets podcast and a real estate investor, it provides detailed advice about how you can build wealth by purchasing rental properties. He showcases strategies that investors can use to increase their bottom line. Learn how to develop your own plan, find good properties at great prices and pay for them. Once you read the 400 pages of information, you’ll be ready to take action.
Anyone involved in rental properties, either as a direct landlord or as an investor, will learn valuable information from these books. Take your career to the next level or just improve your success through the experiences of those who have been there and are willing to pass their knowledge on to you.
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