Description: THE MILLIONAIRE REAL ESTATE LANDLORDS: How to Manage Single-Family Homes, Duplexes, Triplexes, Quads and Larger Multi-Family Properties for Maximum Profits **SALE** WAS $39.95 NOW **$19.98** SAVE $19.97 FOR A LIMITED TIME (ONLY TWO BOOKS AT THIS PRICE)Direct from the publisher This PAPERBACK book is specifically designed for easy study. Book Details Format: Paperback Size: 8.5" x 11" Pages: 244 Authors: M. Mitch Freeland and John Freeland Publisher: Las Vegas Book Company Edition: First Paperback Edition, October 03, 2018 HOW ORDINARY PEOPLE ARE BECOMING EXTRAORDINARY REAL ESTATE INVESTORS & LANDLORDS DISCOVER LANDLORDING IN A WHOLE NEW LIGHT! “John Freeland is the Prolific Investor”—The Palm Beach Post Owning Rental Property Doesn’t Have to be Difficult or Stressful In The Millionaire Real Estate Landlords, investors M. Mitch Freeland and John Freeland have rewritten the rules on active real estate investing and landlording. The Millionaire Real Estate Landlords, covers all the essentials necessary for you to achieve maximum performance by utilizing a proactive approach to landlording.If you own rental houses, a duplex, a triplex, quads or larger multi-family properties, this book will prove that BIG PROFITS are attainable for you with the right system. No investor should be without this book. It clarifies and cuts-through the steps needed to succeed in the lucrative world of landlording. You’ll learn the strategies, the techniques of The Millionaire Real Estate Landlords,—and the hard-driving truths that turn dreams into financial reality with spectacular cash flow. Here is a sampling of what you will learn in The Millionaire Real Estate Landlords: How to be an extraordinarily effective landlord—AND NOT WASTE TIME!§How to start from scratch—EVERYTHING YOU WILL NEED!§Learn secrets behind spectacular cash flow and cash flow management§How to save money and cut expenses that are meaningful§How to fully assess an investment for its greatest possible return and its risk to reward ratio§How to build contacts with other landlords through real estate investors clubs and associations §How to access special Agreements and Forms you will never see in other real estate books, including many in Spanish that could save you thousands of dollars.§ This trend setting book is in a new style, a new era of “How To” books on real estate and landlording. With revealing insight, the knowledge you’ll gain from The Millionaire Real Estate Landlords,will carry you successfully and stress-free to the next generation. Have you ever wondered how it would feel to be a man or woman of property? Let The Millionaire Real Estate Landlords,show you the way. Trust Mitch and John Freeland to transform you into a successful property owner, a landlord to be respected, admired and envied. Mitch and John have managed hundreds of tenants in all rental classes: single family homes, commercial retail, small multi-family and larger apartment buildings. They are the genuine article with years of experience and knowledge—the pacesetters of landlording. Mitch and John Freeland broke the mold in The Millionaire Real Estate Flippers—and The Millionaire Real Estate Landlords,is certain to take its place on the list of best-of-the-best real estate books of all time. Would You Like to Know More?You can start Today! Scroll to the top of the page and select the “Buy it Now" button.” CONTENTS INTRODUCTION Why this Book? Why We Are Uniquely Qualified to Write this Book CHAPTER 1: Becoming a Landlord & Property Manager Duties of a Highly Engaged Landlord Office (Home) Duties Advertising and Marketing Vacant Units Vacant Unit(s) With Current Tenants Common Maintenance Making Repairs or Replacing Items When House or Apartment Unit(s) is Vacant How to Get the Greatest Possible Rent for Your Rental When You Become the New Landlord Sample Increase Rent Letter #1 Sample Increase Rent Letter #1 Spanish Version Sample Increase Rent Letter #2 Sample Rent Increase Letter, Spanish Version #2 Purchasing Tenants What is an Estoppel Certificate? Who to Contact Updating Tenant Files What do You do With an Onsite Manager? What about Professional Property Management Companies? Property Maintenance and Repairs for Single-Family Rentals Maintenance and Repairs for Multi-Family Properties Getting and Retaining Good Tenants Applications and Forms Sample Rental Application What to do with Bad Tenants Rental License Rent Collection Letter to Delinquent Tenant in English / Spanish Collecting More Than 100 Percent Rent Do Tenants Understand their Obligations? What is “The Highly Engaged Rental Package?” Attracting Good Tenants The Lease Section 8 How to Get Registered with Section 8 and Other Requirements Some Things you should Lookout For Fair Housing Federal Law Disclosures on Lead-Based Paint What are you Required to Disclose on Lead-Based Paint? Asbestos, Mold and Radon Gas Disclosure HQ and the Home Office Are you Really a Landlord? Are all Landlords Rich? The Benefits of Becoming a Long-term Landlord High Engagement Action Highlights for Landlording & Property Management CHAPTER 2: Extra Expenses: Property Taxes, Insurance, and More Property Taxes Highest Property Taxed States Property Insurance Accounting General Maintenance Roofing, Electrical and Plumbing Are There Other Operating Expenses? Unexpected and Catastrophic Expenses Recurring Expense Checklist Sample Income Statement High Engagement Action Highlights for Extra Expenses, Property Taxes, Insurance and More CHAPTER 3: Your Cash Flow What is Your Cash Flow? Sample Cash Flow Balance Sheet The Negative Cash Flow Problem Example: Rental House where Positive Cash Flow Works How Do You Project Your Future Cash Flow? Cash Flow on Rental House Increasing Cash Flow Top 10 Ways to Increase Monthly Cash Flow with Little Hassle What Expenses can you Reduce or Eliminate Permanently Operating Statement From a Single-Family Home Rental Operating Statement From A 16 Unit Apartment Cash Flow & Co.: A Super-System For Real Estate Investors Introductory Discussion on Cash Flow and Cash Flow Analysis on Real Estate Investing Models Financial Feasibility Key Ratios and Calculations You Need to Know to Value Your Investment High Engagement Action Highlights for Your Cash Flow CHAPTER 4: Contractors and Labor General Contractor (GC) Subcontractors Handyman Labor Doing it Yourself Negotiating with Contractors Sample Bid Who Not to Hire When to Fire Characteristics of a Professional Contractor and Handyman Locating Reliable Contractors Workers Unite Loyalty among Labor Highlights for Contractors and Labor CHAPTER 5: The Business Side Choosing your Name Address and Mail Box Corporation, LLC or DBA Holding Property Bank Account Equipment and a Few other Things you’ll Need to Be a Professional, Proactive Investor Tenant’s Welcome Package The Paperwork Business Cards Using the Internet Effectively Journaling and Keeping Records High Engagement Highlights for The Business Side CHAPTER 6: Tax Deferred Exchange and Other Tax Advantages What is a 1031 Tax Deferred Exchange? There Are a Few Rules You Must Follow What does the “Qualified Intermediary” Charge? What is the Actual Process? Other Tax Advantages Make It Your Residence Capital Gains Waiting for the New Year The Retired Class Real Estate for Your IRA Benefits of Buying Real Estate in Your IRA What types of Real Estate Investments Can you Participate In? Some Requirements of the Plan Depreciation Deduction Interest Deduction Other Deductions High Engagement Action Highlights for Tax Deferred Exchange and Other Tax Advantages CHAPTER 7: Real Estate Clubs and Associations, Benefits of Membership and Why Should you Join Structure and Format of Club Meetings Procedure: What to Expect What’s being Presented? What’s being Offered? What are the Rules? Getting the Most Out of the Club Be a Social Animal Why You Should Join? Cost of Membership: A Small Price to Pay Online Investment Websites, Blogs and Clubs CHAPTER 8: Staying the Course Your Coming Out Party Accountability Building Long-term Value Focus and a Clear Plan Establishing Your Goals A Clear Vision and a Will to Succeed Who is In Your Organization? Five Principles to Investor Longevity Surviving the Dreadfully Ugly High Engagement Action Highlights for Staying the Course CHAPTER 9: Winning Principles of a Real Estate Investor High Engagement Action Highlights for Winning Principles of a Real Estate Investor APPENDIX I: Applications, Agreements and Forms, Land Trust Agreement Assignment of Beneficial Interest in Trust Certificate Of Resignation Of Trustee Certificate of Appointment of Successor Trustee Inspection Checklist for Rental Property Rental Property Move-In Inspection Checklist with Tenant Asbestos Disclosure Form Mold Disclosure Form Radon Gas Disclosure Form Three Day Notice to Pay or Quit Deposit to Reserve Apartment Lease Agreement Security Deposit Policy Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards Payment Policy Rules and Regulations Affidavit of Military Status Notice of Lease Violation Monthly Rental Voucher Rental Property Details Tenant Estoppel Certificate Tenant Welcome Letter Pet Rent Agreement Move-Out Charges Move-Out Charges (CARGOS DE MUDANZA) (Spanish) CONTRATO DE ARRENDAMIENTO (Lease Agreement—Spanish) Late Rent Letter (English and Spanish) Renters Insurance Letter to Tenant Rental Application Notice of Rent Increase English / Spanish Key Receipt and Key Deposit Rental Referral Flyer ($50 Referral Bonus) APPENDIX II: Real Estate Investment and Landlording Terms What's Next? Would You Like to Know More? Real Estate Books by M. Mitch Freeland and John Freeland Special Sales Would You Like to Know More? You can start Today! Scroll to the top of the page and select the “Buy it Now" button.” ABOUT THE AUTHORS M. MITCH FREELAND Mitch Freeland has bought and sold, fixed and flipped hundreds of single-family and multi-family properties and has managed over 100 units as a landlord. He had been called “a modern-day polymath” because of the diversity of subjects that appeal to him and for the subjects he writes about. He is a person of faith, a business person, and a writer. He writes both fiction and nonfiction. Mitch studied Anthropology at UCLA and 20+ years of business and investing started writing at forty-four. Since then, he has authored over one hundred books. Everything he writes about, he has experienced. He has been an active investor in numerous young companies and start-ups dealing in all classes of investments for over twenty-five years. He was President and founder of an online bookstore, and current President and founder of a publishing company (Las Vegas Book Company), Managing Director of private Investment Banking companies, and a hands-on operator in his real estate investing and property management companies. Regarding his nonfiction writing, his goal is to create intuitive, pertinent content that can be incorporated into your personal and work life to help you succeed faster and with less stress. His publishing company, Las Vegas Book Company., publishes over one hundred titles including books on casino gaming, real estate investing, online bookselling and collecting, business developent and personal achievement. JOHN FREELAND John Freeland has been a real estate investor for over 15 years and with his brother Mitch has bought and sold, fixed and flipped, and managed hundreds of single family and multifamily properties. Prior to his real estate career he was involved in Investment Banking, Mergers and Acquisitions and stock brokerage for over 14 years. He is currently authoring and co-authoring several books on real estate and other non-fiction with his brother Mitch. Over the past 29 years he has served in leadership roles as Managing Director, Chairman of the Board, Chief Executive Officer and President of Investment Banking Firms, a Securities Brokerage Firm, a Private Equity Firm, a Real Estate Brokerage Firm, a Real Estate Investment Firm, Property Management Firm, Assisted Living Facilities and other companies and entrepreneurial ventures in various industries including furniture manufacturing and retail, sports manufacturing, circuit board technologies, semiconductor technologies, internet technologies, consumer internet, internet content publishing, online bookstore and recycling, and performance marketing and most recently; Author and Speaker.He received a BA Degree in 1987 from the University of California Los Angeles in Political Science/International Relations/Business Administration and has obtained and received numerous certificates and awards relating to business, leadership and community involvement Introduction T he proactive real estate investor and the proactive landlord is highly engaged—that is, he is active in all facets of the investment process. Because he is highly engaged, the proactive investor transforms a good investment into a great investment. He does this by nurturing the investment along until such time that the investment is sold. By acting and not reacting, an investor can take control of his situations and take full responsibility for the outcome of every stage of the investment process: from utilizing contractors and sub-contractors, to fighting for lower property taxes, and managing tenants for maximum cash flow. The proactive, highly engaged, real estate investor produces higher than average income. He is not a passive investor. In his 1946 book, Man’s Search for Meaning, Viktor Frankl first coined the term “Proactive” to explain how a person is responsible for oneself and that outside circumstances are not the cause of a particular situation—and that others are also not the cause to one’s successes, failures, crises or the unhappiness in one’s life—everyone has the freedom of choice, even in dire situations. You must have faith in your abilities and faith that your future will be better and brighter all the days to follow. “Between stimulus and response, there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” —Victor Frankl Frankl, a psychiatrist, first designed his concept of proactivity as a prisoner in German concentration camps during the Second World War. His parents and wife died in the camps. Being proactive was a way of thinking—a way of surviving—and a way of being free. Although, still behind fences and physically controlled by guards, his captors could not control his thoughts—those were his to control. The prisoners whose thoughts were optimistic for better days, while being held captive, survived better from the day-to-day horrors of camp life, and did not suffer as much; mentally they were in control. The ones that gave up had a tendency to suffer more and died. The power is in controlling your thoughts. Frankl eventually wrote over 30 books on psychology and psychoanalysis and his ideas on proactivity were even discussed in Stephen R. Covey’s best seller, The 7 Habits of Highly Effective People. Covey dedicated “Habit 1” to being “Proactive.” There is a way of thinking, a way of doing things better, and doing things the proactive way. Proactive investors are in control. It is said, that real estate is the best investment in the world. We disagree with this statement, and I’m sure anyone who has lost money in real estate would disagree with the statement as well. An investment in any real estate is only as good as the investor behind it. It takes time and a lot of hard work to locate, analyze, buy, manage, and sell real estate. The best investors, as we have mentioned many times in other books, make money in good times and in bad times. A professional investor can also make money in any market, in any city, and in any area—this is a proven fact. There is a systematic approach to success in real estate investing—a process. A professional real estate investor doesn’t wait for property to perform; he buys it correctly in the beginning and manages it proactively to perform in ways beyond average appreciation and the inflation rate. As in any investment or business, real estate investing can produce outstanding returns for the investor, especially when the investor begins to think creatively, imaginatively and is able to communicate effectively with others. Working in harmony with others is also necessary for success. Having an optimistic outlook and positive expectations for the future and enforcing a proactive management style is a prerequisite to your overall success. When challenging situations arise, the proactive investor understands that nothing is as bad as it seems, and there is a solution within reach. Taking time to think, and to think with full concentration, is the right beginning to every critical decision, and the proactive investor understands this activity all too well. A clear thought will more often than not, produce a clear decision. Why this Book? There are thousands of landlords out there making millions of dollars a year renting property. Landlording has been around for thousands of years. How would you feel about receiving a couple of checks in the mail, on the first of every month for $2,500, and the work you did to receive it took two hours a month out of your time? Sounds pretty good doesn’t it? Landlording can be fun and extremely profitable with little overall labor expended when executed correctly. This book is about executing the activity of landlording correctly. Becoming a landlord is not difficult and the activity of landlording should not be something you cringe at. Landlording is easy when you know how to manage people (your tenants). When you have great tenants there is little for you to manage. The idea for this book is based largely on getting good, solid, respectful tenants. The rest is just managing the little problems that pop-up occasionally as in all business related activity. Why We Are Uniquely Qualified to Write this Book? We have managed over 100 units at a time, ranging from single-family homes, small multi-family properties (duplexes, triplexes, quads, eight unit buildings), and larger multi-family apartments and assisted living facilities. We have always been hands-on landlords since starting fifteen years ago. We believe good landlording has two characteristics: (1) clear communication with tenants; and (2) serving your customer (tenants) with integrity and fairness. Not all tenants will be good tenants—you make the choice. Good landlording is specializing in good customer relations—it’s all about managing people. Now that we’ve gotten all this out of the way, it is now our hope that you have a general idea of the workings of a proactive investor/landlord and what will be expected of you to succeed. In fact, this book is a companion to our first book, The Millionaire Real Estate Flippers (New Edition). Both Millionaire Flippers and The Millionaire Real Estate Landlords, can be used together; they complement one another and include enough information to launch you on your way to successful real estate investing (flipping) and landlording. Both books also cover a hands-on approach to investing by forcing appreciation and thinking and acting proactively about managing people (tenants), and managing construction crews for rehabs and renovations. As always, GOD BLESS AND GOOD LUCK TO GREAT INVESTING AND LANDLORDING! M. Mitch Freeland John Freeland Las Vegas, Nevada February 2017 Would You Like to Know More?You can start Today! Scroll to the top of the page and select the “Buy it Now" button.”Learn more at website MitchFreeland 100% Satisfaction Guaranteed. Ships same or next business day. Thanks for your order Copyright © 2018 by M. Mitch Freeland
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Publication Name: The Millionair Real Estate Landlords
Format: Paperback
Type: Study Guide
Features: 1st Edition
Author: mitch freeland / John Freeland
Subject: Real Estate Investing, Landlording
Publication Year: 2018
Educational Level: Age 18 up
Product Type: Textbook
Language: English