Originally posted by @Jonna Weber:
If you haven't read Landlording by Autopilot by Mike Butler, I would highly recommend it. You'll get through this, have a story to tell, and be so much more prepared for the next one. Always screen harder than you think you'll ever need to.
I have read a number of landlording/rental books + meetings/seminars by my real estate non profit group. My library system does not carry that book.
My screening company told me no debt. I called them on Sallie Mae and they had data for me. Problem this company wants you to pay $50/year, have a shredder, lock box, and your property inspected to give more 'inside' data. Though by calling they were good and got the info. So I can now wait for tenant to find #'s. Sallie Mae turned over amount for collections.
May read "Making money with rental properties" by Smith, Kimberly
Have read the following plus others: (with date read, and my rating)
Building Wealth one house at a time – John Schaub 12/14 **
Buy it, Rent it, profit – Brian Chavis 11/14 **
Deduct it!: lower your small business taxes – Stephan Fishman 5/14
Every landlord's guide to finding great tenants – Janet Portman 5/14
Every Landlord's legal guide 4/14
Home business tax deductions: - Stephan Fishman 5/14
How to buy bank-owned properties for pennies on – Jeff Adams 5/13
The investment checklist – Michael Shearn 9/14 **
The Landlord's financial tool kit – Michael Thomsett 4/15
Tax deductions for the professional – Stephan Fishman 5/15 ***
Zero risk RE: creating wealth... – Chip Cummings 9/14 ***1/2
Best Wishes, Mike
