Demystify the process of evaluating, acquiring, and managing rental property and becoming a landlord with Landlord Academy founder Bryan Chavis’s clear, step-by-step plan to make your dream of owning a multi-family property a reality.
With interest rates at historic lows, there’s never been a better time to buy rental property—and to hang on to it for long-term wealth building. Drawing on his ten years of experience managing and owning hundreds of rental properties, Bryan M. Chavis shows how you can leverage as little as $10,000 into a lifelong stream of wealth using nothing more than good instincts, smart research, and a little elbow grease.
Learn how to buy desirable properties, attract quality tenants, negotiate lease agreements, collect rent, finance a mortgage, and manage the property. From leases to property-evaluation documents, you’ll find a complete tool kit in this book, which contains every form and checklist you need to run a single-unit apartment or an entire rental building.
With added guidance from building-maintenance experts, property attorneys, and tenants’ rights organizations, Buy It, Rent It, Profit! is the go-to guide for anyone interested in becoming a landlord and achieving profitable, consistent results.
I provides a very basic overview of the process of buying, renting, and maintaining a rental property. However, the author provides very few details on each process and step. There is a nice appendix which does have well written forms that will be needed during this process, which is about the only thing that makes the book worth the money (this is why I give it three stars instead of 1 or 2).
The other major gripe I have with the book is that much of it just feels like an advertisement for the author's website. He is constantly directing you to the website for copies of the forms and additional detailed information. Want access to the site? You have to pay for it.
One of the best books I have come across for real estate investors. I have been a landlord for 11 years, and a Realtor for 12 year, and Chavis covers not only the basics, but some true gems of wisdom! A definite good book to study and read over and over again.
It probably would have been higher, but it still has an mlm feel and I can't help but believe that being a landlord is by nature to be a parisitic creature
Great advice and information on being a landlord. I need to update my rental leases based on some good information I learned. Bryan does not make the best case for real estate investing against other investment types (like long-term value investing on the stock market). I am not sure he understands the stock market very well based on his advice into one over that other in this book. Bryan doesn't go into the negatives of real estate land-lording as well as I would have liked. He does a great job selling the benefits, but he is not so honest about the negatives. I had many unanswered questions at the end of the book, which means I need to keep reading to learn more. This book is not a one-stop shop for being a landlord.
This was my first book on real estate and it definitely inspired me to include rental income as part of my future investment portfolio. It was an inspiring read plus very detailed and practical. Having said that, it wasn't a perfect fit so I'll read more on the topic later. I found that most of the book was directed towards someone who currently has rental property or is about to purchase (so I read it too early). Additionally, most of the focus is on multi-family units (which I'm not interested in yet) and it deals with United States regulations (Canadian rules are different). But even so, I learned a lot and it motivated me to purchase real estate for the purpose of renting down the road.
Honestly, although the main point of this book was to teach people how to successfully run real estate rentals, this book just solidified my feeling that it is too much extra work.
This whole book goes over all the different ways to CYA (Cover your applehole), but IMO, that is way too many different points of failure for an "investment".
I think I will stick to REITs for my real estate portfolio, and might eventually buy a home just for myself.
The book is very thorough, and probably will help those who still choose to rent out a property / already have a property they are renting and need assistance with.
Amazing full-coverage guide on how to win the landlord game.
I am in the process of taking the first leap within this realm and this book hits at perfect timing.
The author started off with single family houses, until he built an empire up for SEVENTEEN (17) single family homes... he then level'd up to buying an apartment complex, the big cash crop of this field.
For a newbie, I felt like this covered so much. Took tons of notes. The author is also a brain tumor survivor as well, which makes this an even more powerful read.
If you are thinking about going down this path, highly recommend this book.
I'm about to put my first piece down on the board. Here we go.
This book has critical foreshight into real estate from a guy on the battlefield.
Nuggets of Truth: Make sure you do your homework to determine value I was surrounded by real estate in my youth Monies owed to previous landlords King Solomon If you want to go fast go alone if you want to go far go together Making money isn't going to be the difficult part, keeping it will be. How you see your world defines your world Well cared for solid rental properties First comes promises then comes lies make me no promises to me then you'll tell me no lies Ruby receptionist
Some good practical advice for people who want to get involved in investing in real estate. The downside for me was that it focused on people that want to be the landlords rather than hire a property manager. So good stuff, but for someone who isn’t interested in managing their own properties it’s a bit less useful.
I really enjoyed this book. It gave practical advice from real life situations. Other books are just high level and this covers that but also small details like simple clauses in the contract for obscure situations that could occur. It also provides different perspectives on managing property.
This isn’t the most entertaining real estate book I’ve read. But the info here is valuable. I figured mulch of the same info out through trial and error over the years. This would have been useful when I was a new landlord years ago. It’s still useful now, but would be so good for a new investor.
Pretty good. A bit verbose in some cases with the lists of things to do like...putting ice cubes into the garbage disposal to sharpen the blades? Haha didn't think this was an 'obscure tips for home maintenance' book. Some pretty good advice in there otherwise.
Read this years ago, and put it into practice, and it paid off. The advice is very basic but true. If you can time the market right you can make money following these principles.
One of the better (by digging into the nitty-gritty) Real Estate Investment books I’ve read. I only wish I hadn’t bought the old version right when the second edition came out.
Thoughts on needing to do landlording as a business (such as an LLC or Inc) ? Seems like it adds more red tape and cost. I’m a wee little grasshopper though so what do i know
Read this to get more real estate hours. I feel like I had several practical solutions and things to think about when you are starting to become a landlord.
The opening of the audiobook, not sure if this is the author or a producer reading the book, but the voice is boring, dry, and monotone. It is not easy to listen to while on the road; however, I want to see if it can be helpful in comparison to other books on the topic I've been reading or read already. So far, Bryan Chavis focuses on advertising/promoting his Landlord Academy--no need for a sales speech, just get on and past the credentials. Thus far, I had to fast forward to hear something worth listening to, and/or take notes. He brags (tagline) how he helped many internationally, through his academy, books, etc. I am not impressed yet.
I also have his Landlord Entrepreneur offered on OneDrive, and beginning is one of the same--selling his Landlord Academy, fast forward again!
It was okay. Better at the end.
Disclaimer: I borrowed an audiobook version to gain any knowledge on real estate/landlord investing and giving my honest review or opinion.
It seems like he didn't skip a step in the processes of investing in real estate. Granted, some subjects he only briefly touched upon, and I wish there was more detail, but the book would be impossibly long then. This provides the framework, but some of the additional details, you'll have to read more about. great place to start, and I'm sure I'll use this as a reference many times in the future.
So informational. I’ll have to go buy a copy so I can have it to highlight and reference to. Doesn’t skip over any information but gives you tons of detail about every little thing you are wanting to know. He does reference his website a lot but I do plan on going to it because of the free resources that he includes.