When you work in a commission-based industry like real estate, it is critical that you stay current on marketing strategies, homeowner needs, and the real estate market. This makes it pertinent that you read and learn what you need to thrive among other realtors. Instead of browsing book writing services and hoping to find advice, consider these 3 leading books on the real estate industry.
John Schaub- Building Wealth One House at a Time
This book is an excellent choice for investors who are entering the real estate world, as it deeply covers basics. Some of the topics covered in this book include how to find and negotiate deals, basic strategies and principles, how to obtain financing, the basics of property management and deal analysis, and the legal aspects of purchasing, selling, and associated contracts.
Schaub’s book is all about building a fortune without going into debt. His ideas focus on building wealth one house at a time, without putting yourself into debt. Finding the ‘right’ house is also emphasized—if you plan on renting, you should choose a home that will attract long-term tenants.
J Scott- The Book on Flipping Houses
One strategy that real estate agents use to make large amounts of money fast is to flip houses. This involves buying houses low, making improvements and investments, and then selling it for a larger amount of money. J Scott breaks down the best way to flip houses, including securing financing, analyzing deals to see if they are adequate for flips, negotiating deals, and advanced processes and systems that can be used to help you flip houses and make money.
Even though the knowledge provided is adequate for beginners, it can also benefit experts in the real estate field. J Scott gives valuable insight on choosing a niche market and insider tips about analyzing market. You might even be surprised at what you find out about your own market after implementing the provided strategies.
Marcia Stewart, Ralph Warner, and Janet Portman- Every Landlord’s Legal Guide
There is a lot more to being a landlord than just collecting rent from your tenants each month. The major focus is on legal and contracts, as well as property management. It discusses both the legal side and contractual side of renting to tenants so you know what to expect.
Even though it can seem like it would be straightforward to rent to tenants, it can become messy. It is important to create a lease that delegates legal responsibilities to the people moving into the house, how and why you may need to terminate a lease or evict a tenant, solving disputes without a lawyer, move-out issues and how to return security deposit, and covering your liabilities, to name a few things. It is basically a cheat sheet that can be used by landlords renting in any state.
Working in the real estate industry can be hectic. While you can get the summary of the book from Ewriting Service, the books listed above are an excellent choice to start. By choosing the best real estate books, you can reduce the amount of time spent reading and maximize your real estate knowledge.