Are you looking to get into rental property investing? Then reading the best rental property books is an excellent way to start.
Just like any new adventure, it’s always good to study and read from those who have the knowledge and experience already. This is guaranteed to help you in order to avoid any pitfalls on your journey.
Renting properties is an excellent way to make a passive income, and many people even do it full time. If you are keen to get started and learn all you need to know, then this article should help you out! We will take a look at three rental property books to give you some inspiration.
Best Rental Property Books: Brief Reviews
1. The Book on Managing Rental Properties
The first rental property book on our list is The Book on Managing Rental Properties by Brandon and Heather Turner. Brandon Turner is a real estate entrepreneur who has written a number of books which mainly focus on investing, money, and real estate. We take a closer look at his rental property book below.
The things you’d expect from this book include:
- Low-Cost Strategies
When it comes to finding tenants, it can sometimes be a difficult process, so many new landlords fear it. In this book, though, several low-cost strategies are mentioned which teach you exactly how to attract the best tenants who won’t let you down and avoid those who will.
- Rental Lease Advice
As well as giving help and advice on finding stable tenants, this book also teaches you about the rental lease and what provisions it should include to protect you for any damages that should occur during the tenancy.
- Bookkeeping and Taxes
Bookkeeping and taxes might seem confusing to those starting out on their rental adventure. This book covers this aspect and a lot more to remove the stress!
- Paperback and Kindle formats
- Easy to read
- Good for beginners
- Tables and charts are difficult to read in the Kindle version
This is a fantastic book which teaches you how to become a great landlord and is aimed at both beginners as well as experienced landlords. Turner’s books are popular on the market and worth a read for those who could benefit from some expert advice.
2. Build a Rental Property Empire
The second book on our list of best rental property books is the Build a Rental Property Empire by Mark Ferguson. Mark Ferguson is an entrepreneur who had much success in investing in real estate and has written his books in order to help others do the same. Owning 16 long-term properties, and flipping 10-20 homes per year, this is certainly a man who knows what he’s doing!
This book offers its readers the following:
- Expert Advice
Written by someone with 15 years of experience in investing in real estate, this book won’t let you down when it comes to all the details. From how to buy property to financing, analyzing and managing, this book covers it all.
- Real World Case Studies
This book contains real-world case studies and up-to-date investing information from an investor who is still active today. These case studies will help you to better analyze situations and learn from any mistakes. This book will spring you into action by helping you determine the best type of property to invest in.
- Bonus Chapter
Build a Rental Property Empire has been revisited in order to reflect current market conditions and any changes in the author’s strategy. As such, you can guarantee you have a book that is with the times and reflects the market today. There is also a bonus chapter which talks about commercial real estate investing!
- Various strategies
- Easy to understand
- Professional advice
- Valuable information
- Good for beginners
- Available on Kindle, audiobook, and paperback formats
- May be more suited to beginners than experienced landlords
This is another excellent rental property book that focuses on finding deals, financing, and managing wisely. Therefore, it is perfect for beginners and those interested to learn more about what’s needed to get started in the rental property industry.
3. Investing in Rental Properties for Beginners
The third and final rental property book to feature on our list is the Investing in Rental Properties for Beginners by Lisa Phillips. Lisa Phillips is a real estate expert whose work helps professionals invest in real estate, and focuses on those in minority neighborhoods. She has written various books, and helped over 47,000 investors worldwide, empowering them to create financial freedom through investing.
This book has a lot to offer, including:
- How to Build a Strong Portfolio
If you’re a newbie in the rental property market, you may not yet have the biggest portfolio, to begin with. This book teaches you how to effortlessly build it up and save money while doing so.
- Deal Making Considerations
When it comes to making a deal, this can also be a challenge with beginners as they don’t have much experience to look back on. Luckily, this book shares some insight, providing essential key factors to consider when making deals, and making your life easier!
- How to Analyze the Market
Choosing your properties is also important, and Lisa teaches you her expert tips on analyzing the market for the best deals, which are suited to your budget.
- Perfect for beginners
- Step-by-step guide
- Actionable strategies
- East to follow
- More suited to beginners than experienced landlords
This is a perfect book for all those looking for a helping hand to get started in rental property, as it shares almost everything you need to know. It focuses on investing in properties at the lower end of the price scale.
So which is the best rental property book? All of the books featured are sure to provide you with a wealth of professional information as they are all written by successful individuals who have experience in the property market.
If you are shopping on a budget, then the good news is that these books aren’t too expensive and are also a lot cheaper when purchased via the Kindle version.
We think that the best book for beginners is the Investing in Rental Properties for Beginners book by Lisa Phillips. This book has almost everything you need to know to start, and even includes step-by-step guides to follow.
We hope we inspired you to find a suitable book for you, and hopefully, you will be on your way to investing in a rental property soon!