How To Buy And Manage Your First Rental Property

By Shannon Pineau

How To Buy and Manage Your First Rental Property brings all of the information you will need to one place, including - the easiest way to acquire your first property (especially if house prices are very high where you live) - everything you need to know to deal with the bank and arrange your financing - how to get started renting out your property including setting the rent and marketing - how to find - and KEEP - great tenants - how to manage your property from MOVE IN to MOVE OUT and everything in between - how to understand and organize your bookkeeping, filing and taxes related to rental properties - how to deal with problems as they arise and keep everything on track - includes numerous tips and ideas to keep your tenants happy and your business running smoothly.

I'll show you how to set up a great system and once you have that, you can apply it to your next rental property (and the next and the next).

• Language: English
• Publisher: Shannon Pineau
• Release date: May 22, 2013
• ISBN: 9781301025886

Shannon Pineau

Shannon's interest in owning rental properties started back in the early 2000's. At that time she was an aspiring new landlord and completely filled with fear and apprehension about taking the big step to buy a rental property. Shannon decided the best thing to do was to prepare herself as much as possible so she began her education with books, articles, classes and real estate investing clubs.Fast forward many years and now Shannon is a veteran landlord. She owns and manages both residential and commercial properties and has had all kinds of experiences along the way. Most positive, some negative but they have all contributed to her evolution from a frightened newbie to a successful landlord.Through it all, Shannon has often thought of starting out and how she wished she had someone to show her the way and guide her through the rental property process. So now that's what she does - teaches beginners to rise above their fears and build more wealth for themselves. Shannon writes eBooks, articles, blog posts and has also created a website to help out the new, aspiring landlord. Because let's face it, you can do it alone but it's much easier with a coach to guide you through the journey.To your success!

Book preview

TO YOUR SUCCESS!

My name is Shannon Pineau and I want to start by saying THANK YOU for buying my eBook!

I’ve been a landlord for many years now but when I was getting started and thinking about buying my first property I had many doubts and fears. Some of the questions going through my mind were, Can I afford this? How will I know how to find good tenants and what to charge for rent? What do I need to know to manage a property and be a good landlord?

I knew that I wanted to buy a property so that I could get ahead financially but it was a huge goal and seemed very overwhelming. I remember wishing at the time that I had a good step-by-step guide that was easy to understand to walk me through the process or even an experienced landlord to advise me and show me the ropes.

It took a lot of work to find all of the information that I needed because there were so many sources available. I did a lot of research, read a lot of books, took some classes, joined a real estate investor network and then eventually took the plunge and started with my first property.

Fast forward several years and now I’ve had multiple rental properties and all kinds of different tenants and experiences along the way. I’ve also never forgotten that wish to have a coach and a step-by-step guide to follow when I was just getting started.

So here it is…with this eBook, I will guide you through this process from start to finish and help turn this into an easy, organized, profitable business for you. My ultimate goal is to help you achieve financial success through owning rental properties so read on and let’s get started on that journey. I am YOUR RENTAL PROPERTY COACH and I will show you how to do it all.

THE ADVANTAGES OF OWNING A RENTAL PROPERTY

    Buying rental properties is an amazing way to increase your wealth exponentially over time. Here’s why:

•  You own an appreciating asset. All markets have their ups and downs, including the real estate market, but historically they rise over the long term. The property will appreciate on its own with regular maintenance or you can improve the property to increase the value more quickly.

•  It’s a tangible asset, meaning that you can go look at it and touch it any time you want. Unlike the stock market, you know exactly what you have purchased and you can see your investment right in front of you.

•  Someone else is paying it off for you. Once you have tenants in place, they are paying the mortgage on the rental property for you and eventually you will own the asset free and clear using someone else’s money. Of course there can be shortfalls along the way and you might end up covering these with your own money but overall, the bulk of the mortgage will be paid by your tenants.

•  You can use the property as a source of income for yourself. Once the property is paid off you can hang on to it for the income it produces. You could use the income to finance more rental properties, use it to finance other investments, use it to supplement your income so you can work less, or use it to contribute to your retirement.

•  You learn valuable new skills. You learn the best way to find and buy new rental properties, how