Secrets of a Millionaire Owner – Book Review
By: Robert Shemin, ESQ. (2002)
Book Price: $ 28.95
Outstanding real estate investor
Robert Shemin is a nationally recognized landlord expert in the US and is a Wall Street Journal bestselling author who became a millionaire in his 30s by investing in real estate. Shem earned a law degree and an MBA from Emory University, Atlanta. He has gathered more than 450 real estate deals and owns 100 properties.
Sharing their secrets
Robert Shemin offers 12 chapters that share their millionaire homeowners secrets. It talks about getting started as a landlord (Chapter 3), finding good tenants (Chapter 5), collecting all the rent, all the time (Chapter 7), keeping good tenants (Chapter 9), evictions. .. how to avoid them (ch. 10), how to protect your interests with insurance (ch. 12), and more.
Solid, practical, experiential advice
Robert Shemin is personable and concise in his presentation; Sharing valuable keys freely while broadcasting your trip, saying, “The first thing I learned about tenants … Most think they are not treated very well. They don’t like their landlords … this is all spelled” great opportunity. ” .. a viable plan includes treating tenants as valued customers. “
Robert’s information is practical; he has learned principles from experience. Following their rules should lead to success. He expresses: “I am very much in favor of low-cost duplexes and two-bedroom houses for the highest profitability. They have lower start-up costs and lower maintenance costs … they are easier to rent in a recessionary economy. .. investigate “.
When Shemin gives advice, he presents himself in a relaxed manner. He shares about ideal tenants, saying: “… the best tenants are the people who are older and who … are likely to stay in one place and live quietly … they target … the elderly “.
Robert displays positive business characteristics that are transferable to all businesses to achieve success. He advises: “To prevent tenants from leaving, establish a Tenant Retention Program that is based on how you treat them, a theme throughout this book and throughout the business … We also provide rewards when they move out. .. “
Shemin defines the terms before addressing them. He introduces, “” Rent to own “means that the tenant rents his property with the option to buy it … I think it is always better to go for the rent to own / lease option with houses and duplexes … “
Proven Strategy for Success in Real Estate
Robert Shemin presents a viable and proven strategy for successful real estate investing for homeowners.