Rental Property Investor · Houston, TX · Member since 2014 · 17 posts · 7 votes
Hey all,
I am totally new to real estate investing. I live at the South Jersey Shore area (just outside AC) and want to get into renting out properties for income, while building value in them.
Does anyone have any good book recommendations on how to be a landlord, what I'm getting myself into (the lifestyle, if it can be something I can manage if I have to relocate) and how to form a good business plan going in so I'm making money instead of losing it and getting into a headache.
I am totally new to real estate investing. I live at the South Jersey Shore area (just outside AC) and want to get into renting out properties for income, while building value in them.
Does anyone have any good book recommendations on how to be a landlord, what I'm getting myself into (the lifestyle, if it can be something I can manage if I have to relocate) and how to form a good business plan going in so I'm making money instead of losing it and getting into a headache.
Thanks in advance!
Welcome to BP Ian,
Although not directly RE related I believe they are the best 2 books an entrepreneur should read.
I would browse through the ones that deal with the topics you are looking for.
2 that are mentioned in these posts and that I have personally read are Landlording on Autopilot and What Every Real Estate Investor Needs to Know About Cashflow. They should both provide a sound foundation for you to then go dig deeper and grow in your real estate literacy.
I am totally new to real estate investing. I live at the South Jersey Shore area (just outside AC) and want to get into renting out properties for income, while building value in them.
Does anyone have any good book recommendations on how to be a landlord, what I'm getting myself into (the lifestyle, if it can be something I can manage if I have to relocate) and how to form a good business plan going in so I'm making money instead of losing it and getting into a headache.
Thanks in advance!
Welcome to BP Ian,
Although not directly RE related I believe they are the best 2 books an entrepreneur should read.
The best landlording book is "Landlording" by Leigh Robinson. He also has a web site. He's sold like 400,000 copies and it is the all time best selling landlording book in history.
I echo David Krulac about Leigh Robinson's landlording book.
For high-end property management: David Tilney's course
For low-end properties, "Fixer" Jay Decima
There are other books on rental strategy and mindset. John Schaub is a friend of mine who has written several great books in the topic. There are others, too.
Also, my personal favorite: Mike Cantu's Rental Management book and CD's (I sell Mike's course on my website because I'm so impressed by it).
Hello Ian, I picked up a good book from my library. It's a Nolo series about landlord tenant law and is specific to NJ. I apologize for not knowing the exact title but it can be found at Nolo.com
Hi @Ian F. . I read a copule of realestste books but most of the info there is just fluff. The podcasts here on BP are a weath of practical information on the other hand. I would deffinetely recommend starting with those.