Cover image for Secrets of a millionaire landlord : maximize profits and minimize hassles
Secrets of a millionaire landlord : maximize profits and minimize hassles
Shemin, Robert, 1963-
Personal Author:
Publication Information:
Chicago : Dearborn Trade Pub., [2002]

Physical Description:
xiv, 200 pages ; 23 cm
General Note:
Includes index.
Format :


Call Number
Material Type
Home Location
Item Holds
HD1394.5.U6 S54 2002 Adult Non-Fiction Central Closed Stacks
HD1394.5.U6 S54 2002 Adult Non-Fiction Non-Fiction Area

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Business Consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing business problems and development of plans for improvement. Organizations hire the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants specialized expertise. Because of their exposure to and relationships with numerous organizations, consulting firms are also said to be aware of industry "best practices", although the transferability of such practices from one organization to another may be problematic depending on the situation under consideration. Consultancies may also provide organizational change management assistance, development of coaching skills, technology implementation, strategy development, or operational improvement services. Management consultants generally bring their own, proprietary methodologies or frameworks to guide the identification of problems, and to serve as the basis for recommendations for more effective or efficient ways of performing business tasks. This book is your ultimate resource for Business Consulting. Here you will find the most up-to-date information, analysis, background and everything you need to know. In easy to read chapters, with extensive references and links to get you to know all there is to know about Business Consulting right away, covering: Management consulting, Information technology consulting,Management, Outline of business management, 12: The Elements of Great Managing, The 50th Law, Accenture top 50 business intellectuals, Acceptable quality limit, Action item, Action learning, Administratium, Adversarial purchasing philosophy, Agile manufacturing, Ambidextrous organization, Asset management, Association management, Association management company, Association of Business Executives, Association of Management Consulting Firms, Automated decision support, Balaji Institute of Modern Management Pune, Balaji Institute of Telecom and Management Pune, Balanced scorecard, Baroda Management Association, Battle Command Knowledge System, Bed management, Charles Bedaux, Behavioral risk management, Best Current Practice, Best practice, Board of directors, Board of governors, Board of regents, Boreout, Boston Consulting Groups Advantage Matrix, Brand management, Building a Better Business, Business agility, Business chess, Business economics, Business model, Business model design, Business Network Transformation, Business plan, Business process improvement, Business process interoperability, Business process mapping, Business relationship management, Business rule, Business rule mining, Business value, Business Workflow Analysis, Campaign plan, Capability management, Capability Management in Business, Cash cow, Catfish effect, Central Administration, Certified Energy Manager, Certified in Production and Inventory Management, Certified Management Consultant, Certified Project Management Professional, Change Advisory Board, Chaordic, Chartered Management Institute, CIFMS, City management, Clean sheet review, Co-determination, Cogs Ladder, Cognitive inertia, Collaborative leadership, Commercial management, Communications management, Communities of innovation, Communities of Innovation, Community Based Management, Community management, Community of practice, Competence-based management, Competitive advantage, Competitive heterogeneity, Complementary assets, Concept of Operations, Concept of the Corporation, Content of a business plan, Context analysis, Contingency theory...and much more This book explains in-depth the real drivers and workings of Business Consulting. It reduces the risk of your technology, time and resources investment decisions by enabling you to compare your understanding of Business Consulting with the objectivity of experienced IT professionals.

Author Notes

A nationally recognized landlord expert and the bestselling author of "Secrets of a Millionaire Real Estate Investor", Robert Shemin, JD, MBA, has appeared on "The Montel Williams Show", "Leeza", National Public Radio, and more than 50 other nationally syndicated and major-city radio programs, and has spoken to more than 10,000 landlords in the past two years.

(Publisher Provided)

Table of Contents

Introduction: The Landlord's Journey Beginsp. xi
1. Why Landlording?p. 1
The Upsidep. 1
The Downsidep. 2
Policies and Proceduresp. 3
Buying and Holding Real Estatep. 5
Vacancy/Repair Ratep. 6
2. Types of Propertiesp. 9
Single-Room Occupanciesp. 9
Trailer Parksp. 10
Low-End Houses and Duplexesp. 11
Apartment Buildingsp. 13
Town Houses and Condosp. 14
Single-Family Homes and Duplexesp. 14
Commercial Propertyp. 15
Luxury Housesp. 16
Other Optionsp. 16
Best Recommendation--Low-End Houses and Duplexesp. 17
3. Getting Started as a Landlordp. 19
Ready to Rentp. 19
Attracting Your First Tenantsp. 20
Target Your Marketp. 20
The Advertising Supersystemp. 21
Creating Your Voice-Mail Messagep. 22
Setting the Rentp. 24
Higher Rates Attract Better Tenantsp. 25
Special Rent Programsp. 25
Application Feesp. 26
4. Handling Maintenance Requestsp. 29
Repair Policiesp. 29
Six Steps for Handling Repair Requestsp. 34
Policies for Dealing with Contractorsp. 34
5. Finding Good Tenantsp. 39
Breaking My Own Rulesp. 39
Screening Questionsp. 41
Credit Checkp. 44
Criminal-Background Checkp. 45
Verifying Incomep. 46
Verifying Employmentp. 48
Screening Summaryp. 48
Minimum Requirementsp. 48
Fair Housing Lawsp. 49
Credit-Denial Lettersp. 50
Occupancy Limitsp. 51
6. Moving Tenants Inp. 53
A Move-In Inspectionp. 53
Inspecting Your Propertiesp. 55
Making Tenants Your Friendsp. 56
Rules and Regulationsp. 57
Four Absolutes for Your Leasep. 58
Never Accept Cashp. 60
First One to Pay Gets the Placep. 61
Move-In Summaryp. 62
7. Collecting All of the Rent, All of the Timep. 63
Rent Discountsp. 63
Keeping Rent Rollsp. 65
Tracking Systemsp. 65
Weekly Rent Paymentsp. 66
Group Rentalsp. 68
"I'm Just the Manager"p. 69
Broken Leasesp. 69
Alternatives for Nonpaymentp. 70
8. Taking the Headaches Out of Maintenancep. 73
The Appliance Businessp. 73
The Repair Businessp. 74
No-Fault Maintenancep. 75
Deductiblesp. 76
Damagep. 77
Preventive Measuresp. 78
Criminal Activitiesp. 79
Emergenciesp. 80
Maintenance Summaryp. 81
9. Keeping Good Tenantsp. 83
The Cost of Vacanciesp. 83
Referral Feesp. 85
Tenants Who Maintain Their Own Placesp. 85
When They Want to Move Outp. 86
Increasing the Rentp. 88
Negotiating Increasesp. 89
Sending Out a New Leasep. 90
The Cost of Movingp. 92
10. Evictions, and How to Avoid Themp. 95
The Eviction Processp. 96
Collect What Is Owedp. 98
Avoiding Evictionp. 98
What to Do When a Tenant Just Leavesp. 99
Attaching Possessionsp. 100
Other Ways to "Clean House"p. 101
Suing for Possessionp. 102
Value of Emergency Numbersp. 102
Document Everythingp. 103
11. Letting the Tenant Rent-to-Ownp. 105
Option Money versus the Security Depositp. 106
Lease-Options--The Best Choice Availablep. 108
Rental Rates on an Optionp. 109
The Pride of Ownershipp. 109
Handyman Specialsp. 110
Other Factors to Considerp. 111
Get Investors Started with Lease-Optionsp. 112
Lending a Helping Handp. 113
Lease-Option Summaryp. 113
12. Protecting Your Interests with Insurancep. 115
Management Insurancep. 117
Umbrella Policyp. 117
Workers' Compensation Insurancep. 117
Other Insurance Issuesp. 119
Need for Legal Insurancep. 120
Your Own Willp. 121
Pre-Paid Legal Servicesp. 121
Legal Insurance Summaryp. 123
Appendix A Property Acquisition and Financingp. 125
Appendix B Quick Landlording Formsp. 131
Appendix C Sample Lease and Addendap. 167
Appendix D Rental Application and Office Formsp. 191
Indexp. 197