Out of Town Landlord: Lessons Learned During the Great Recession (Paperback)

Out of Town Landlord challenges long held beliefs about real estate investors owning rental property far from where they live. It provides readers with strategies on how to do it successfully based upon the author's over 10 years' experience of being an out of town landlord.The author shares stories of his adventures purchasing rental properties in five states during the Great Recession, along with the crazy things that happened to him. One of the most important things that Out of Town Landlord provides the readers is a checklist that will assist them in being efficient and more effective in avoiding big mistakes. The book also highlights key tools to reduce the traditional disadvantages of being an out of town landlord such as knowing the best areas in which to buy rental property. Out of Town Landlord contains some controversial commentary on the need to carefully watch property managers. For those who don't want to relinquish the reins, there is a framework on how to successfully self-manage out of town rental properties." This book is relevant now, as it is time for real estate investors to prepare for the next housing recession. When it happens, that is when they need to be brave and make investments in rental properties regardless of whether those opportunities are in their home base or in an out-of-town real estate market. After reading Out of Town Landlord, it will be abundantly clear that investing in different geographical locations can provide many strategic advantages.