My significant other and I are looking at buying our first rental property. We've done the research and talked with others about acquiring property, to make sure we can get a good deal, but would like to know more about the land lording side of things. Any book suggestions or pieces of advice for a soon to be landlord?
Landlording on Auto-Pilot by Mike Butler is fantastic.
A great website for new landlords is: http://www.mrlandlord.com/
There is a lot of good information there.
Welcome to the community and rental property management.
Below, is an excellent book to use as reference for years to come.
Brandon Turner wrote a post called How to Rent Your House. You don't need books after you read this one. Brandon knows his stuff - he has 50 or 60 rentals, so he has experience to back up this post.
He also wrote this how-to guide Tenant Screening: The Ultimate Guide.
And if you don't follow all that advice or your screening didn't pan out, he wrote How to Evict a Tenant.
Congratulations on taking the plunge into buy and hold investing!
My team and I currently help manage over 1500 rentals, I'm happy to help any way I can.
I recommend and use stuff by Don Beck:
Read the stuff from Brandon Turner on BP and read the forums as well.
Leigh Robinson has some good books on landlording as well.
In addition to the great advice you will find on BiggerPockets, go to nolo.com and get the following books:Every Landlord's Legal Guide
Every Landlord's Tax Deduction Guide
And if you are landlording in California:
The California Landlord's Law Book: Rights & Responsibilities
The California Landlord's Law Book: Evictions
Wow! Thank you for all the suggestions, we'll get reading right away!
@Siera Hearne You've gotten some great advice.
Brandon is the man!
I met Mike Butler and think highly of his auto-pilot work.
However, Mr. Landlord , Jeffry Taylor, has been training landlords for 30 years and is the root of most of many of the best ideas around today.
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