Perhaps, you know of someone that has quite a few rental homes 
and they are making money on this income property. It is a good source of making money 
if it's done correctly, but all too often folks end up losing their shirt because they don't get the right tenants, they are unable to collect the rent, or the repairs eat through all of their life savings. Like anything else there is a right way and a wrong way to run such a business and renting homes out is definitely a business.
However, if you'd like to own many homes and rent them out, perhaps, there is a book that I can recommend to you, one that I actually own which has helped me in my rental endeavors. It's a very decent book, and the name of the book is;
"The Monopoly Game; the How-To Book of Making Big Money with Home Rentals" by Dave Glubetich, 1981.
The author explains how to use inflation to your advantage, and how long-term real estate investments
, especially those income properties which are paying for themselves can help you in a long-term. He suggests the importance of using checklists on rental properties, which is a very good idea and there are forms in the book which you can copy. He also suggests several ways to finance the properties 
you buy to later rent out, along with all the legalities that you must deal with regards to renter's rights.
The author does not stop there, he also explains and how you can parlay your equity and use it to finance additional properties. I think if you are interested in getting into the home rental business or buying some home rental properties
that this is definitely a book you should read. Indeed, hope to please consider all this.
By Lance Winslow
and they are making money on this income property. It is a good source of making money if it's done correctly, but all too often folks end up losing their shirt because they don't get the right tenants, they are unable to collect the rent, or the repairs eat through all of their life savings. Like anything else there is a right way and a wrong way to run such a business and renting homes out is definitely a business.However, if you'd like to own many homes and rent them out, perhaps, there is a book that I can recommend to you, one that I actually own which has helped me in my rental endeavors. It's a very decent book, and the name of the book is;
"The Monopoly Game; the How-To Book of Making Big Money with Home Rentals" by Dave Glubetich, 1981.
The author explains how to use inflation to your advantage, and how long-term real estate investments
, especially those income properties which are paying for themselves can help you in a long-term. He suggests the importance of using checklists on rental properties, which is a very good idea and there are forms in the book which you can copy. He also suggests several ways to finance the properties you buy to later rent out, along with all the legalities that you must deal with regards to renter's rights.The author does not stop there, he also explains and how you can parlay your equity and use it to finance additional properties. I think if you are interested in getting into the home rental business or buying some home rental properties
that this is definitely a book you should read. Indeed, hope to please consider all this.By Lance Winslow
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