- Paperback: 304 pages
- Publisher: Touchstone; Original edition (April 14, 2009)
- Language: English
- ISBN-10: 1416589848
- ISBN-13: 978-1416589846
- Product Dimensions: 7.4 x 0.9 x 9.1 inches
- Shipping Weight: 11.2 ounces (View shipping rates and policies)
- Average Customer Review: 122 customer reviews
- Amazon Best Sellers Rank: #336,902 in Books (See Top 100 in Books)
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Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market Paperback – April 14, 2009
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Chavis lays out the path to making money on multifamily properties in good times and in bad. He addresses the matter analytically, almost scientifically, with a fact-based approach to all parts of the transaction, from the SEOTA (Strategic Evaluation of a Target Area) method to how to amass an empire. Nothing is built on gut or instinct; in fact, he’s got a form or process that will help solve all issues and challenges—and gladly he shares his experiences. Got a deadbeat tenant? You’ll get more cooperation by sending a nice, understanding note than by threats. How about jumping on the foreclosure wagon? Educate yourself first—and look for realistic sales comps and accurate operating expenses. When screening potential residents during open houses, ensure there’s always a fresh pot of coffee—and cookies. Everything you ever wanted to know is either embedded in his logical presentation or incorporated in the appendixes (SEOTA and due-diligence forms). --Barbara Jacobs
About the Author
Bryan Chavis is founder of The Landlord Property Management Academy and author/creator of one of the top property management designations/certifications online. Chavis runs one of the top blogs for real estate professionals at LandlordAcademy.com and is a property management coach for Keller Williams MAPS. Named one of the top 40 up-and-coming entrepreneurs under the age of 40 by the Gulf Coast Business Review, he travels the country coaching real estate professionals, and consults for some of the largest housing authorities in the nation. Chavis lives in Tampa, Florida, with his wife and their daughter.
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-The author has a positive tone throughout, and seemingly knows what he's talking about despite the vague and general manner of explanation.
-98% fluff material. Let me summarize the only useful piece of information from the first 15% of the book: buy a multiunit property to benefit from economies of scale. And a summary for the remainder of the book: plan ahead. Look at cash flows. Try to improve cash flows. Believe in yourself! Know the logistics of your neighborhood. Completely asinine and obvious.
-This book is a damned infomercial for his seminar. So help me if I see him mention his damned paid seminar advertised one more time. He must've mentioned his seminar at least 10 times in the first 10% of the book. I already gave you some money, how about you teach me something of substance you charlatan!
-There was nothing substantial in this book, and I am infuriated I wasted any money on it. In the future I will be sure to read the sample version prior to purchasing. How does this book have such high reviews?! It's absolute drivel. I'm pretty outraged and would love a refund, but have no idea how to go about getting one. Shame on me for not sampling this 'book' prior to buying.
Where this book shines is in the personal stories and the advice about what should be included in various contracts to protect yourself. I feel I am much more aware of potential pitfalls now!