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The Landlord's Financial Tool Kit, by Michael C. Thomsett
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"The Landlord's Financial Tool Kit will show readers how to truly maximize the profit on their real estate investments. Featuring dozens of ready-to-use forms, worksheets, tables, and checklists, the book helps readers:
- pick properties with financial issues in mind
- understand concepts such as cash flow and depreciation
- set up effective bookkeeping and record-management systems
- avoid common mistakes in income reporting
- shelter income and reduce income taxes
- comply with tax laws and regulations
- take advantage of write-offs and loopholes
Packed with useful, practical information on tax rules and creating cash flow, The Landlord's Financial Tool Kit simplifies everything there is to know about managing real estate and being a successful landlord."
- Sales Rank: #1277183 in Books
- Brand: Brand: AMACOM
- Published on: 2004-09-07
- Original language: English
- Number of items: 1
- Dimensions: .68" h x 7.02" w x 9.98" l, 1.22 pounds
- Binding: Paperback
- 256 pages
- Used Book in Good Condition
Review
“Throughout, complicated material is presented clearly without oversimplifying. A good starting point.”
--Library Journal
Thinking of becoming a landlord? Before you engage in buying and managing rental properties, Michael Thomsett’s book The Landlord’s Financial Tool Kit is a great place to start your training.”
-Arizona Women
About the Author
Michael C. Thomsett (Port Townsend, WA) is a financial writer with hundreds of articles to his credit. As a landlord, he has successfully owned and managed as many as 12 properties at a time. He is the author of many real estate books, including Getting Started in Real Estate and J.K. Lasser’s Real Estate Investing.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Light On Detail
By Mark � h�ceadha
I've been in the business for 10 years and try and read at least a book or two a year on buying/managing rental property. This book isn't horrible, but it has the same pitfalls of most books for the small landlord; most of the information is obvious. Buy a good house in a good neighborhood... Gee thanks I would have never thought of that. This book is a little better than some, in that it does provide some detail, but just as soon as it starts to get interesting it stops. For example, it mentions buying in places that have good population and income growth. But then mentions nothing about how to do that, such as looking at census data or what have you. This holds true for pretty much every point he'd try and make. If you know nothing about real estate it might not be a bad read, as nothing he says is wrong, but I'd have to think there are better books out there.
1 of 1 people found the following review helpful.
Four Stars
By Max
Originally borrowed a copy from the local library. Bought this copy to have a permanent reference.
0 of 0 people found the following review helpful.
Landlord's Guide Great!
By Chrisea D. Moring
Good basic accounting principles specifically for the landlord residential rental. Good reference. I would highly recommend for anyone not familiar with basic bookkeeping.
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