Secrets of a Millionaire Landlord
Author: Robert Shemin
List Price: $18.95
Our Price: Click to see the latest and low price
ISBN: 0793148251
Publisher: Dearborn Trade Publishing (15 October, 2001)
Sales Rank: 21,391
Average Customer Rating: 3.67 out of 5
Customer Reviews
Rating: 5 out of 5
some great new landlording ideas
As a landlord with over 500 units under management I found this book to have some very practical and profitable ideas that I have not seen anywhere else. Shemins' tips on screening,lease-optioning, and repair policies are current,innovative and have helped me make more money. Though, this book is not a legal guide ther is some importatnt information about fair housing that many landlords are not aware of. This is a must read book for any landlord with 1 to 10000 properties. There is also some great forms in the book.
Rating: 5 out of 5
Robert is the voice of experience
People hate being landlords generally because they have not established proper business policy and proceedures. Robert Shemin's experiences are varied, and he's developed systems, policy and proceedures from thw hardest areas to landlord, and that is low income tenants. He's known for helping honmeless people buy homes. If your just getting started, and you establish the policies and proceedures outlined in this book, you'll avoid a lot of head aches, have happy tenants, and have a good solid business.I do however think that Robert should right a book entitled "The Adventures of a Millionaire Landlord", this guy has seen and experienced it all, the good, the bad, and the downright ugly.
It's a fun read, not boring, lots of common sense. Robert is not afraid to think outside the box.
Rating: 3 out of 5
Food For Thought
This book provides some good food for thought. It encourages the reader to think about landlording in the same light as any other business, and about tenents as customers. It covers many often overlooked areas that can mean the difference between success and failure as a landlord. The information is presented in a direct, easy-to-understand format, without a lot of technical or legal jargon. The author also manages to make the text seem like personal advice from a friend. Examples from his own experience make the book engaging rather than dry.That said, I recommend that this be only a starting point or adjunct to one's education about renting property. The author's practices in some areas are shady at best, and illegal at worst. Additional testimony to the author's lack of integrity is seen in the way he describes a potential problem and says, 'that's why my company never (or always) does such and such'. Then later in the book he tells a personal story in which his company did exactly the opposite of what he'd previously indicated. Either he fabricates some of his stories, or makes false claims about his policies. In either case, his credibility is suspect. This happens several times throughout the book.
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