The rise in foreclosures has increased the demand for rental
properties across the nation, and that trend will continue for some
time. But aside from that new group of renters (people who have
lost their homes) there is another demographic that remains
constant. 40% of Americans earn under $35,000/year. Most of these
people will be lifelong renters, who search for a decent rental
accompanied by an attentive landlord. This segment of the rental
market represents tremendous opportunity for smart investors,
regardless of fluctuation in the economy. The Landlord Chronicles
is based on Barb Getty's personal journey. She began her real
estate investing career over 15 years ago, at the lowest point in
her life, with little money and no background in rehabbing,
management or real estate. Written in a lighthearted,
conversational style, this guide walks the reader through every
phase of the process: finding target neighborhoods, locating the
"diamond in the rough," financing, rehabbing, attracting and
keeping tenants, managing and maintaining the rental, evicting
non-payers, accounting and record-keeping, selling/exit strategies,
etc. Getty details specific products, tools, tips and techniques to
simplify and expedite the process, and shows how start-up costs can
be kept to a minimum. There are hilarious personal stories
sprinkled throughout the book, highlighting some of the rookie
mistakes she made early on. Although seasoned investors will add to
their knowledge base by reading The Landlord Chronicles, the
beginner investor will find the book invaluable. It provides the
reader with everything he/she needs, including various business
forms and resources. Getty's career has provided autonomy, freedom
and flexibility . . . precious commodities. But in addition,
whether you do it part- or full-time, investing in low and middle
income rentals can provide steady income and build wealth for the
future. Enjoy the book
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