Cart
Free Shipping in Australia
Proud to be B-Corp

How to Buy and Manage Rental Properties Irene Milin

How to Buy and Manage Rental Properties By Irene Milin

How to Buy and Manage Rental Properties by Irene Milin


$15.49
Condition - Very Good
Only 1 left

Summary

Synopsis coming soon.......

How to Buy and Manage Rental Properties Summary

How to Buy and Manage Rental Properties: The Milin Method of Real Estate Management for the Small Investor by Irene Milin

Mike and Irene Milin are the world's most successful couple in real estate education, the Dynamic Duo whose amazing sellout seminars in real estate management have shown thousands across the country how to find, purchase, and rent properties -- and let their tenants do the work!
Now the Milins have put their practical, time-tested techniques into a book, How to Buy and Manage Rental Properties. They show you how to use the Milin Method to avoid problems and expenses while keeping the money coming in -- the Milin promise is financial freedom in two to three years! How to Buy and Manage Rental Properties will show you how you can get tenants involved in the maintenance of your rental properties -- the remarkable hands-off strategies that put your properties on auto pilot, leaving you the time to achieve more as a real estate entrepreneur. Their program covers in detail all aspects of buying, financing, maintaining, and renting properties, including:
* Managing people, not property
* Buying right to manage right
* Rental interviews and agreements
* Keeping good tenants, and getting rid of bad ones
* Bookkeeping, taxes, and property tracking
* Real estate agents and property sales
* Equity sharing and partnerships
It's all here in a guide you can easily read and refer to -- the best, most comprehensive program of buying and rental techniques ever developed, detailing sound and sensible ways to protect your investments and get the most out of your properties with the least trouble.

About Irene Milin

Mike and Irene Milin are the world's most successful couple in real estate education, the Dynamic Duo whose seminars in real estate management have shown thousands across the country how to find, purchase, and rent properties. Only a few years ago, the Milins were plagued by debt and unemployment, but by studying the ways other entrepreneurs had made fortunes in real estate, the Milins developed the sure-fire Milin Method and became millionaires almost overnight. In the past two years, they have traveled more than 500,000 miles coast to coast showing investor groups how they achieved their goals with hard work and a savvy program that gets results. The Milins live in Tucson, Arizona.

Table of Contents


Contents

INTRODUCTION

Working for Others Doesn't Work

Three Years to Freedom

Landlording Is the World's Most Profitable Business

Two Reasons Why People Are Scared to Buy Real Estate

Successful Management Means Successful Investing

A Hands-Off Cash-Flow Management Plan

Landlording Still Has a Bad Image

Owning Rental Property Doesn't Have to Be Hard Work

The Management Burden Is on the Tenants

ONE : SUCCESSFUL LANDLORDING IS NO ACCIDENT

The Right Property Attracts the Right Tenants

Don't Buy Rental Property in Rental Areas

Owner-Occupied Areas Are Stable

It's Hard to Think of One Hundred Units as Home

You Want Tenants Who Are Eager to Rent from You

Keep Tenants in Awe of You

You Must Attract Renters Before You Can Choose One

You've Got to Know Where the Money's Going

The Right Time to Sell Your Properties

Keeping Expenses Under Control

TWO : PEOPLE--NOT PROPERTIES--CAUSE PROBLEMS

Business Is People

Investing in Tenants

The Phantom Management Company

The Millionaire Landlord

The Poor Landlord

Houses and Small Apartment Buildings

Stability Is Golden

Pets and Children Welcome

Preventing People Problems

Rewards and Incentives for Good Tenants

Punishment for Bad Tenants

Rebellious Tenants

What Kinds of Tenants Push for Rent Control?

Professional Radicals

Ignorant Victims

Abused Tenants

THREE : BUY RIGHT TO MANAGE RIGHT

Beware of Discount Pricing

Finding Good Rentals

What Are Tenants Looking For?

Checking out the Neighborhood

Looking at the House

Know What You're Buying

Prepare an Inspection Checklist

Negotiating with Sellers

The Terms We Want

The One-Two-Three Punch

Balloon Payments

Let the Seller Get the Loan

FOUR : PURCHASE AGREEMENTS

Who Pays for What?

The Weasel, or Escape, Clause

Personalized Forms

The Financing

Rent It Out Before You Buy

Make the Seller Get Rid of Bad Tenants

Set Up a Reasonable Schedule for Showing the Property

FIVE : CONSTRUCTING AN AD CAMPAIGN

Advertising in a Renter's Market

Television

Radio

Flyers

Military Newspapers

Finder's Fees

Constructing Your Ad

SlX : PICKING THE RIGHT TENANTS

Always Pick Your Tenants--Never Let Them Pick You

Meeting the Applicants

Creating Your Own Office

The Renter's Convention

Discrimination Is Bad Business

ardGet to Know Renters

Make Your Rules Clear

SEVEN : THE RENTAL INTERVIEW

We're Tough Interviewers

Never Make Exceptions

Setting the Stage

Accentuate the Negative

Explaining the Rental Contract to Tenants

An Ounce of Prevention

EIGHT : TRAINING TENANTS TO OBEY YOUR RULES

Setting Up a Surveillance Network

Making Tenants Feel at Home

Raising the Rents

Reward the Good Tenants

The Rent Belongs to the Landlord

NINE : GETTING RID OF BAD TENANTS

Alternatives to Eviction

Paying Bad Tenants to Leave

We Play for Keeps

TEN : KEEPING THE GOOD TENANTS

Good Tenants Become Buyers

Lease Options for Good Tenants

First Right of Refusal Options

Performance Options

A Happy Tenant Is a Solid Tenant

ELEVEN : PROPERTY MAINTENANCE

Hassle-Free Maintenance

Heading Off Problems

TWELVE : CUTTING EXPENSES

A Dollar Saved Times One Hundred Properties Adds Up

Two Garbage Cans Aren't Better Than One

Lights Can Eat Up Your Profits

Training a Handyman

Eliminate All Expenses That Will Increase

Cut Expenses Before You Buy the Property

Ask for a Moratorium on Payments

Tie the Payments to the Property's Performance

Have the Seller Carry a Graduated-Payment Loan

Get an Adjustable-Rate Loan

Get the Seller to Carry a Loan with Interest-Only Payments

Put a Backdoor Clause in All Your Notes

Have the Seller Carry a Note with No Payments

THIRTEEN : BOOKKEEPING

Getting Your Money Comes First

Automatic Rent Transfers

A Simple System

The Property Card

The Ledger Card

Property Codes

Using the System

Expense Codes

FOURTEEN : HOW TO SAVE MONEY ON TAXES

Buy Right to Pay Taxes Right

Investment Strategies Change

Prepare for Maximum Depreciation

Land-to-Improvements Ratio

Finding Replacement Costs

Working with an Appraiser

Personal Property Depreciation

Taking Risks

The Old Tax Law

The New Tax Law

Depreciation

Capital Gains

Passive Losses

Rehabilitation Tax Credits

Neutralizing Negative Cash Flow

Real Losses

Employ Others, Not Yourself

Repairs, Not Improvements

Tax-Deductible Management

More Shelter

FIFTEEN : TRACKING YOUR PROPERTIES

Buying the Future

Watch Your Houses Carefully

Listen to Tenants

Cut Your Losses

Five-Year Plan

SIXTEEN : PUTTING IT ON AUTOMATIC PILOT

Good Cash Buyers Are Hard to Find

Refinancing

Selling Paper

Why Carry Paper?

A Word of Caution

Creative Financing Is Not Just for Buyers

Imputed Interest

Lease Options

The Option Fee

The Increased Rent-Lease Option

The Decreased Rent-Lease Option

Limited Partnerships

SEVENTEEN : EQUITY SHARING: A MANAGEMENT TOOL FOR THE '80S AND BEYOND

Owner Occupants Make Better Tenants

Three Ways to Use Equity Sharing

Appealing to Existing Tenants

Advertising for Equity-Share Tenants

Advertising for Equity-Share Home Buyers

Advertising for Equity-Share Investors

Choosing an Equity-Share Partner

How Long Will You Share the Equity?

First Right of Refusal

How Do You Divide the Equity?

Ask for a Down Payment

What If Your Co-Owner Defaults?

The Equity-Share Wraparound

The Equity-Share Performance Option

Equity-Share Management

EIGHTEEN : PREPARING YOUR PROPERTY FOR SALE

Investors Are the Worst Buyers

Get the Best Possible Deal When You Sell

Location

What Will Improvements Cost

Comparable Prices

Spic-and-Span Sells

Selling As Is

Roofing

Plan Sales Carefully

Stay Flexible

NINETEEN : DEALING WITH REAL ESTATE AGENTS

Agents Use Multiple-Listings Services

The Listing Agreement

Open Listings

Exclusive Agency Listings

Exclusive Listings

Exclusive Right to Sell -- Multiple Listings

Discount Brokers

The Agent Must Work for His/Her Money

What Your Agent Can (and Can't) Do for You

The Agent Handles Advertising

How Many Other Agents Does Your Agent Know?

Let Your Agent Be Your Guide

Finding an Agent

Open Houses

Newspaper Ads

How Not to Choose an Agent

TWENTY : SELLING PROPERTY YOURSELF

Keep Your Ads Brief but Effective

Emotions Sell Houses

Cooperating with Agents

AFTERWORD : Now, Go Out and Do It!

INDEX

Additional information

GOR009841838
9780671644239
0671644238
How to Buy and Manage Rental Properties: The Milin Method of Real Estate Management for the Small Investor by Irene Milin
Used - Very Good
Paperback
Simon & Schuster
19880615
272
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - How to Buy and Manage Rental Properties