Best Books on Managing Rental Properties

There are a ton of books on managing rental properties. While many of them contain useful info, you will only need to read a couple of them before they all start to repeat themselves. If you are looking for the best ones to complete your knowledge, look no farther than this handy list of the best books on managing rentals.

Also, if you are in the early stages of starting a rental property business, make sure you have sufficient insurance for your rental properties and your business in general.

1. Build a Rental Property Empire: The no-nonsense book on finding deals, financing the right way, and managing wisely. By Mark Ferguson

Marke Ferguson’s book kicks off this list with a bunch of real-world case studies that prove the validity of what is written on each page. Plus, Mark is an active investor so his expertise reflects the current market that exists today. Many books on this topic are outdated and don’t contain relevant info anymore. Since real estate is constantly evolving, choosing an up to date source of info is a great place to start.

2. How to Quit Your Job with Rental Properties: A Step-by-Step Guide to UNLOCKING Passive Income by Investing in Real Estate. By Dustin Heiner

Dustin Heiner delivers a comprehensive roadmap of how to leave any job by investing in real estate. Since all great ventures start with a motivated Why, this book is a great way to reconnect with the reason why you want to manage rentals in the first place. Escaping the rat race and no longer putting in long hours at a job you dislike is a common explanation as to why most investors get into the game in the first place. This book gives great insight on how to multiply your income whether you are a beginner or a hardened veteran in the market.

3. First-Time Landlord: Your Guide to Renting out a Single-Family Home By Janet Portman

Janet Portman has a great look at how to turn your own home into a stream of income instead of just selling it when it comes time to move. This guide helps ease you into the process of becoming a landlord and walks you through the new legal obligations you will face when someone else is living under your roof. It also has lots of practical advice for anyone who is looking to buy single-family homes and rent them out. Overall, this is a great choice for anyone who plans to go to the residential route when investing in rental properties.

4. Every Landlord’s Tax Deduction Guide Kindle Edition By Stephen Fishman

One of the main advantages of owning real estate is the sheer volume of tax deductions that you benefit from. Stephen Fishman does an excellent job at breaking down all of the new write-offs and advantages you can expect once you have something in your portfolio. It specifically gets down to all of the IRS deductions that you enjoy for owning your own rental properties. It even has a section on vacation homes and other advanced topics for once you are more situated in the market.

5. The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches. By Brandon Turner

Finally, this guide on managing your rental from Brandon Turner is a solid way to end off your research. This book describes the most important part of property management in great detail. By knowing how to select and manage the tenants you find, you will have a way smoother operation going. A bad tenant can ruin your whole business and force you to incur huge losses if not handled with care. By following this simple system, you can rest easy knowing you have good people under your roof.

Conclusion
These five books are a great way to start your rental property journey. With proper management, buy and hold investing is a great way to rake in extra cash flow and live the life of your dreams.