I Need Info On Being A Landlord
Hi. I'm buying my first house soon and have been kicking around the idea of possibly getting a duplex/triplex. I've read around on the internet but the articles just seem to skim the surface of what all is involved in being a landlord. I was wondering if someone could reccomend a book or site that really goes into details. IE: worksheets for estimating costs, how to keep good records, what are the tax implications, when should I use professionals (from attornies to electricians) and when is it safe to DIY. Basically, I'm looking for a crash course in landlordology so I can see if this multi-unit thing is really something that I want to do. Thanks in advance!
Your prayers are answered with Robert Shemins Secrets of a millionaire landlord.
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Ray's right!
Shemin's book is the landlording Bible.
Good luck.
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You can find some great information on Georgia Tenant-Landlord Law at:
http://www.dca.state.ga.us/housing/landlord/contents.html
http://www.rentlaw.com/georgialandlord.htm
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Wow! Thanks for the info, guys. I was actually looking at that exact book in the store, yesterday. I was tempted to pick it up but decided to wait and see if I got any suggestions. I'll pick it up, today.
Thanks for the links, as well.
Sites like this are awesome. How did people get by before the internet!?