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Getting Started As A Small Scale Landlord
Every real estate investor has to start somewhere. The first steps are often the hardest. The desire to start your real estate investing journey is strong, but there are many unknowns: How do I avoid overpaying? What if I buy a house with an expensive issue? What if my tenants stop paying rent and trash the place? How do I get a mortgage? How can I find a real estate agent I can trust?
This book is written with all the information you’d get from picking a veteran landlord’s brain for a few hours over coffee or an adult beverage. Step-by-step we’ll go through the process from deciding if this is for you, to getting your finances in order, to buying your first property, to renovating that purchase, to advertising, screening, and selecting your first tenant, to managing that tenant, to turning over your unit for the next tenant, to selling your property when you’re ready to retire in comfort.
Full of real-world examples and tales from a life in the trenches as a landlord, you’ll find this an easy read that answers questions you didn’t know you have.
This book is written with all the information you’d get from picking a veteran landlord’s brain for a few hours over coffee or an adult beverage. Step-by-step we’ll go through the process from deciding if this is for you, to getting your finances in order, to buying your first property, to renovating that purchase, to advertising, screening, and selecting your first tenant, to managing that tenant, to turning over your unit for the next tenant, to selling your property when you’re ready to retire in comfort.
Full of real-world examples and tales from a life in the trenches as a landlord, you’ll find this an easy read that answers questions you didn’t know you have.
137 pages, Kindle Edition
Published January 28, 2022
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Displaying 1 - 3 of 3 reviews
February 12, 2022
I wish I had read this before starting out as a landlord...
I really wish I had this book on hand before I bought my first property and before I sold it. It would have been even better to have read this before I rented a property I own to a less than appropriate tenant. I have always felt that the real estate world is a mess for many people who may simply be brought on the bandwagon with FOMO and 'sage' advice offered by their peers. This is doubly true for recent immigrants to North America who are often told that they need to get a mortgage and buy a house as soon as they can. Most of the time, there is no real hard advice given to first-time buyers or even those who wish to become landlords.
John offers his advice in a way that reminds you of the smart uncle who always knew bizarre facts that you had to look up and weren't ever surprised that he was right. If you are going to rent out a property you own (short-term or long-term) do yourself a favor and go read this book. The parts about vetting renters as well as making sure you get the right people to rent the property are eye-openers for all future landlords. John makes it abundantly clear that being a landlord is not an easy job nor is it something which is entirely hands off. Like any other job, it requires diligence and effort but John does explain how you can make the right moves to make your life easier as a landlord in the future.
I really wish I had this book on hand before I bought my first property and before I sold it. It would have been even better to have read this before I rented a property I own to a less than appropriate tenant. I have always felt that the real estate world is a mess for many people who may simply be brought on the bandwagon with FOMO and 'sage' advice offered by their peers. This is doubly true for recent immigrants to North America who are often told that they need to get a mortgage and buy a house as soon as they can. Most of the time, there is no real hard advice given to first-time buyers or even those who wish to become landlords.
John offers his advice in a way that reminds you of the smart uncle who always knew bizarre facts that you had to look up and weren't ever surprised that he was right. If you are going to rent out a property you own (short-term or long-term) do yourself a favor and go read this book. The parts about vetting renters as well as making sure you get the right people to rent the property are eye-openers for all future landlords. John makes it abundantly clear that being a landlord is not an easy job nor is it something which is entirely hands off. Like any other job, it requires diligence and effort but John does explain how you can make the right moves to make your life easier as a landlord in the future.
May 1, 2022
I read this book because I had decided to rent out my house, rather than sell it, when I moved to a different part of the country. I have no experience as a landlord and needed an overview of the process and the possible pitfalls. The author provided the information I needed through a summary of the steps involved in purchasing, repairing, renting, and managing properties as well as the unhappy possibility of evicting tenants.
Champaign tells stories about his own experience as a landlord to make his point and provides summaries of each topic at the end of the relevant chapter. Although I thought he was too hard on tenants at first -- he often tends to take an adversarial tone, I found that I appreciated his perspective the more that I learned from his direct experience. The author has invested in rental properties in both the U.S. and in Canada.
I'd highly recommend the book to anyone considering investing in rental properties or to someone like me who finds himself an unexpected landlord.
Champaign tells stories about his own experience as a landlord to make his point and provides summaries of each topic at the end of the relevant chapter. Although I thought he was too hard on tenants at first -- he often tends to take an adversarial tone, I found that I appreciated his perspective the more that I learned from his direct experience. The author has invested in rental properties in both the U.S. and in Canada.
I'd highly recommend the book to anyone considering investing in rental properties or to someone like me who finds himself an unexpected landlord.
September 16, 2024
helpful and practical!
I thoroughly enjoyed reading "Getting Started." It was very helpful to learn from real life experiences the author has walked through. As a first time landlord, it is helpful to read "we dealt with a tenant in this way, expecting A, but B resulted...so we have learned to avoid..." etc. As the title suggests, it is an overview of a lot of very practical issues, which a new landlord should expect....a great, helpful read.
I thoroughly enjoyed reading "Getting Started." It was very helpful to learn from real life experiences the author has walked through. As a first time landlord, it is helpful to read "we dealt with a tenant in this way, expecting A, but B resulted...so we have learned to avoid..." etc. As the title suggests, it is an overview of a lot of very practical issues, which a new landlord should expect....a great, helpful read.
Displaying 1 - 3 of 3 reviews