Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    The Landlord Way!: Key Forms, Information From 30 Year Veteran In Rental Business!Updated!
    The Landlord Way!: Key Forms, Information From 30 Year Veteran In Rental Business!Updated!
    The Landlord Way!: Key Forms, Information From 30 Year Veteran In Rental Business!Updated!
    Ebook120 pages1 hour

    The Landlord Way!: Key Forms, Information From 30 Year Veteran In Rental Business!Updated!

    By Rob Davis

    ()

    Read preview

    About this ebook

    The Landlord Way shows secrets of how to buy, sell, rent and/or manage single-family homes as well as multi-family properties. Includes how to keep track of properties on paper or with computer programs. How to handle problem tenants, all necessary sample forms to check out perspective tenants and create move in paperwork. Finally, it gives ideas on how to eventually exit the rental business as well as a list of useful and informative websites and books. It is a valuable tool for anyone in the property rental business.
    The author is still active in buying, selling and renting single family houses. He and his partner have been successful in the rental business for over thirty years.

    LanguageEnglish
    PublisherRob Davis
    Release dateSep 18, 2012
    ISBN9781301340545
    The Landlord Way!: Key Forms, Information From 30 Year Veteran In Rental Business!Updated!
    Author

    Rob Davis

    Robert's ebook, The Landlord Way is a wealth of information gained in over 30 years of being an investor and property manager for single-family houses and some commercial properties. He learned at the school of hard knocks and by attending numerous seminars. Although he has never been a realtor he has bought and sold many houses as well as kept some for rentals. Robert was raised in Ft. Lauderdale, Florida but has lived in the Tampa Bay area of Florida for over 35 years. He is also a lifetime member of the Suncoast Real Estate Investors Association, Inc. in the Tampa, Florida area.

    Related to The Landlord Way!

    Related ebooks

    Sales & Selling For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Landlord’s Toolkit

      Sep 2, 2020

      Landlord’s Toolkit
      9 min read

    • Article

      Investor Myths Busted

      May 2, 2019

      Investor Myths Busted
      6 min read

    • Article

      What Drives Rental Prices?

      Nov 28, 2019

      Recently I purchased a new property which came with an associated rental appraisal from the real estate company’s in-house property management team. It was a nice bit of marketing, but not much else. I have always struggled with real estate companies

      2 min read

    • Article

      Real Estate Investing in 2021 Comes Down to 5 ‘Un’ Words

      Nov 10, 2020

      Unmatched. Unfortunate. Uncertain. Have you noticed a familiar pattern in some of 2020’s most-used words? When America’s content marketing leaders were recently surveyed for their most-unloved buzzwords of 2020, their top pick was “unprecedented.” Ca

      4 min read

    • Article

      Pump-up The Potential

      Sep 30, 2021

      Pump-up The Potential
      6 min read

    • Article

      Selling A Lifestyle

      Mar 1, 2022

      Derek Thomas is a legacy. The Compass broker associate grew up watching his dad navigate real estate investment in the local market, and the affinity trickled down. By the time he hit 30, he was performing in the top 1% of Denver realtors, and he’s s

      1 min read

    • Article

      Renting For Profit

      Sep 30, 2021

      Renting For Profit
      6 min read

    • Article

      Trans-tasman Tax Issues

      Dec 2, 2021

      Matthew Gilligan is a property investor, developer and tax adviser. He is managing director of chartered accounting firm Gilligan Rowe & Associates, where he heads the specialist property and asset planning divisions. Kris Pedersen of Kris Pedersen

      5 min read

    • Article

      Fasten Your Seat Belts: Commercial Real Estate Is Taking a Flight to Quality

      Aug 20, 2019

      The commercial real estate market has been so strong the past few years that property appreciation alone has turned otherwise marginal deals into windfalls. A low-risk/high-return market atmosphere has conditioned today's real estate investors into b

      2 min read

    • Article

      Build-to-rent Will Cost

      Jun 27, 2019

      Build-to-rent Will Cost
      2 min read

    • Article

      Realtor Profiles

      Sep 27, 2019

      Realtor Profiles
      7 min read

    • Article

      26 Things Home Buyers Will Hate About Your House

      Apr 24, 2020

      Despite the pandemic, the housing market is on the mend. In August, the sale of existing homes rose 2.4% to a seasonally adjusted rate of 6 million, according to Kiplinger's Economic Outlook. Inventory is low and the competition is intense. So if you

      1 min read

    • Article

      PODCAST: The 2022 Real Estate Market with Daniel Bortz

      Mar 23, 2022

      Apple Podcasts | Google Podcasts | Spotify | Overcast | RSS David Muhlbaum: Houses are scarce. Home prices are high, and the all-cash offer is king. We’ll talk about buying or selling a house in this market with contributing writer, Daniel Bortz. Als

      17 min read

    • Article

      A Decade After The Bubble Burst, House Flipping Is On The Rise

      Apr 17, 2018

      House flipping is at an 11-year high in the U.S. New research shows borrowers with good credit like flippers, and not subprime borrowers, were mainly responsible for the crash. Is another bust coming?

      5 min read

    • Article

      Choosing The Right Property Manager

      Aug 1, 2019

      The guiding legislation around residential property management is primarily the Residential Tenancies Act 1986. But that’s not the only legislation landlords need to be aware of when it comes to renting out their properties. The likes of the Human Ri

      3 min read

    • Article

      Creating Extra Value

      Jun 4, 2020

      Creating Extra Value
      5 min read

    • Article

      To Trust Or Not To Trust

      Aug 1, 2019

      To Trust Or Not To Trust
      6 min read

    • Article

      What Are Qualified Opportunity Zones? Important Details for Investors

      Aug 27, 2022

      Opportunity zones are identified by the IRS as communities in need of economic development and revitalization. Through tax incentives and investments in these underdeveloped areas, opportunity zones became part of the Tax Cuts and Jobs Act of 2017 an

      4 min read

    • Article

      Property Rules

      Dec 12, 2018

      Property Rules
      2 min read

    • Article

      Real Estate Agents Face Danger on the Job

      Dec 7, 2017

      CHICAGO - Sonia Figueroa was spooked. So she decided to get a gun. The Century 21-affiliated real estate broker has been working in Chicago for more than a decade. She knows the basics of staying safe, tactics many in the field said they follow: Let

      4 min read

    • Article

      Purchase Price Allocation Rules

      Jul 1, 2021

      The rules are designed to ensure that where a sale and purchase agreement strikes an overall price that includes two or more different categories of asset, the vendor and purchasers’ tax position with respect to the allocation of price between the as

      2 min read

    • Article

      What to Do When the Rent Is Too High

      Apr 4, 2022

      If you’re renting your home, chances are your wallet might feel it when your lease renews this year as rents around the country are skyrocketing at a record pace. Nationally, one-bedroom apartments saw an increase of more than 24% in the last year, a

      9 min read

    • Article

      Why ‘Rent vs. Buy’ Is the Wrong Question

      Aug 11, 2020

      In the world of personal finance, there are a handful of disputes that may never get resolved. There’s the question of whether credit cards are dangerous, or whether they’re valuable tools we can all benefit from. And I don’t know about you, but I’ve

      5 min read

    • Article

      How to Build a Diversified Real Estate Investment Portfolio

      Nov 9, 2020

      Recent survey research by National Real Estate Investor magazine indicates that nearly 60% of high-net-worth investors are expected to increase their allocation to investment real estate in the next 12 months. Millions of Americans invest in alternat

      4 min read

    • Article

      Self-build for beginners PART TWO 13 WAYS TO FIND THAT PERFECT PLOT

      Aug 3, 2023

      As much as I’d love to tell you there’s one surefire way to find a plot, the truth is that there isn’t. There are lots of ways to find one, but how to know which one will work, and when? That’s the million-dollar question. Ask anyone who’s got a plot

      9 min read

    Related categories

    Reviews for The Landlord Way!

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Landlord Way! - Rob Davis

      INTRODUCTION:

      This is the second edition of The Landlord Way. I found some extra things I can include. I thank all of those countless friends who helped make this book possible. It is hard to believe I have been a landlord for over thirty years. Over that time, I have attended dozens of seminars, gone to countless lectures, and made a fair amount of mistakes. I could have avoided most of my mistakes if I had trained myself sooner with books, tapes, seminars, and using other people’s brains. This book gives the basics of how to be a good landlord and why you want to be a good one.

      I worked for a large corporation for many years. I was a good employee who never was laid off or fired. However, I had very little control over my income working for a large corporation. The reason is I did not control the company. If you work for a company and you do not own that company or control it, than your income is always at risk. You can be the best employee in the company and still you may lose your job. Even a large corporation can suddenly become obsolete or decide to move to some other more economical location and not take you along or force you to move to their new location. The company may have to downsize and they downsize you! You may have a boss who justly or unjustly does not like you or your work. Of course, the company may just go out of business. The Landlord Way can show how by acquiring rental properties and managing them properly, you create income that is relatively safe for as long as you need it. Of course, this will not happen over night. This is a long-term plan. You will need to keep your regular job until you can support yourself entirely from your rental income.

      Why do some people prefer to rent even though they can easily afford to own a house or condominium? There are people who may be doing great financially but just do not want to own their residence. They may feel trapped if they were to buy a house. Some people may know they will be moving or want to be moving to another city soon. Some people are afraid to deal with repairs. They want to call their landlord when something breaks. Some folks have no choice but to rent because of a foreclosure, bad credit or insufficient income to qualify for a home loan. Most of these people make excellent clients for good landlords.

      Being a landlord and helping others have decent housing can be rewarding and profitable! This book is based upon guru training/seminars and my own thirty plus years of actually managing single-family rental homes. Every effort is made to provide accurate and useful information but I cannot be responsible for things left out or for errors. Please use due diligence when applying any of the information in this publication. Your situation may be different and some of the writing may not apply. There is no guarantee you can make a lot of money by following The Landlord Way. This publication is a valuable guide but it is not all-inclusive. To be a good landlord requires studying and action just like any profession. We must also be constantly aware of changes in the economy and changes in the laws imposed upon property management.

      How often have you heard a derogatory comment made about a landlord? Many tenants think of landlords with disdain, and for some of them it is a valid criticism. Sometimes the landlord really is bad to clients. Some people go into the business of renting properties with little knowledge of how to do it right. They buy a rental and hope they can find perfect tenants. This rarely happens by accident. The amateur landlord often defers doing proper maintenance or any maintenance at all. They may start out with good tenants by luck, but end up with all the good tenants leaving. Eventually these bad landlords can only find bad tenants to move into their badly maintained properties. Bad tenants usually have a negative relationship with the landlord. If they feel the landlord does not correct problems, they may stop paying the rent. The landlord must eventually evict the tenants and suffer the losses. Finally, the amateur landlord gets discouraged and wants to sell out. They find they have to sell for less than what they expect, possibly less than they paid for the property, because of the condition of the property. All that deferred maintenance has caught up with them. That is not the proper way to manage properties. However, for those who study and implement good procedures and practices the criticism is unjust.

      A good landlord can make a decent income by renting properties to others. Keeping properties problem free helps keep good tenants. Good tenants help pay for more than the properties. They pay the landlord too. Good landlords make money and they enjoy a somewhat inflation-proof business. For example if housing prices go up drastically, the rents can rise. Property values also go up in that case. In a recession, the landlord can lower the rents to keep units filled. Traditionally, the rent and sale price of properties will go up over time. Do you want to make money as a landlord? Well, being a landlord is like any other profession, you must learn how to do the job. How well you learn and act will determine how well you will do as a landlord. Some people unjustly fear as a landlord they will have to go out in the middle of the night and plunge a stopped up toilet. In all cases, this should never happen. There is a good reason why the landlord should never plunge a toilet.

      The Landlord Way is a guide to the management of the single-family rental houses. It covers finding, fixing, flipping them, but mainly how to rent them. Much of the text could apply to multi-family dwellings but those require more management and have stricter rules. Apartment buildings and such often have better cash flow than the single-family houses, but the penalties for problems are often much more severe for multifamily properties. Additionally, a multifamily property typically sells to another investor rather than to an end user. An investor wants a good cash flow and thus a good price. Well-kept single-family houses normally sell at full retail price to an end user - someone who will occupy the house. The purpose of this book is to explain necessary things to do to survive and prosper in the landlord business, and to enjoy the journey. I mention various websites throughout the book. A complete list is at the end of the book for quick reference. This publication will help make managing properties more enjoyable by using The Landlord Way!

      Chapter 1 GETTING STARTED

      The first thing to do is to create a mission statement. This should include your noblest intentions as well as what your objectives are. My personal mission statement is a simple one. "Our mission is to provide decent housing at a reasonable price and make a profit. For someone only doing flipper houses (houses sold to another investor or houses fixed up, and sold retail.) you might say, Our mission is to find troubled home owners, help them out of their jam, and make a profit." It does not have to be long and cumbersome or have too much detail. It should however reflect your basic values about what you stand for.

      As a rookie or as a seasoned landlord you need to use all the help you can get. To help you along,

      Enjoying the preview?
      Page 1 of 1