The 10 Best Books for Rental Property Investors in 2023
Many thematic blogs and forums cover various issues on rental property. However, this information is likely insufficient if you are serious about investing. That is why it is better to get the knowledge from the most trusted sources: books written by industry experts. Thus, this article offers a selection of the ten best books for rental property investors that will be handy for you this year.
# 1 The ABCs of Real Estate Investing by Ken McElroy
The book is an in-depth guide for newcomers to the real estate business. Ken McElroy reveals the fundamental trade secrets that every realtor needs:
- The rules for finding profitable properties
- The art of real estate appraisal
- The basics of negotiating with partners
- The laws of successful closing deals
Much attention is also paid to the nuances of U.S. law. So if you plan to develop a business in America or have partners from that country, be sure to read this book. Of particular note is the ease of presentation. The author touches on serious issues that require thoughtful reading but does it in clear language.
# 2 The Real Book of Real Estate by Robert Kiyosaki
Kiyosaki is the author of popular books worldwide and a part-time investor and entrepreneur. The presented book is the quintessence of the personal and professional experience of the author and his team, consisting of 22 professionals. According to Kiyosaki, all the tricks described in it, Robert and his colleagues use up to this day. Thus, this work is a handbook for those who want to understand how to distinguish promising properties from unprofitable ones, rent profitably, negotiate to finance, and comprehend other market features.
As you can see, almost all authors of books about investing and many other fields haven’t a specialized philological education. However, this doesn’t prevent them from publishing excellent works because they are experts in their area. It is where editors and Best Essays Education website come to the rescue. So if you want to publish a book but don’t have the necessary skills for this, you can use writing services, and professionals help you create a high-quality product.
# 3 The Art of the Deal by Donald Trump
The book, written by a millionaire and one of the former presidents of the United States, inspires confidence. Although this manual was published for the first time ten years ago, most of the recommendations are still relevant today. In addition, they will be helpful to investors and business people working in other industries. Donald Trump talks about his own experience in building a business empire and how to achieve success in the real estate market. The author’s insights are worth listening to, as he has made millions of dollars in the industry.
# 4 The Intelligent Investor by Benjamin Graham
The industry experts warmly welcomed the book written by a renowned expert in economics and investment. Benjamin Graham reveals the secrets and strategies tested through personal experience:
- The effective search for investment targets
- The basics of a competent portfolio policy
- Techniques for predicting the risks of inflation
- Profit management
Billionaire Warren Buffett often stressed that Graham’s book helped him achieve such a resounding financial success. Thus, learning from professionals is the best way to succeed. The same goes for writing a book. However, it's not enough to be an expert. You also need to be able to express your thoughts intelligently and concisely. Trust my Paper website will help you do this at the highest level and will be the key to the success of your publication.
# 5 Zero to One by Peter Thiel
"Zero to One" has almost nothing to do with the real estate industry. Still, the book will be an indispensable guide for anyone who sees themselves as a businessman and wants to develop a successful project with a strong team. The publication draws on the philosophy held by Stanford University, among others: success comes to those who can see the world outside the box and look for new approaches and solutions that have not been implemented before.
# 6 Billion Dollar Portfolio by Brent Sprenkle
The book, written by an expert in real estate consulting, reveals the secrets of building an impressive portfolio and enduring all the challenges encountered along the way. In addition, the author shares tips on selecting and buying investment properties, maximizing their value, and getting the most out of them by selling or refinancing.
# 7 The Book on Rental Property Investing by Brandon Turner
The famous writer and investor penned the book that tells how investing in real estate can help you get rich. In addition, you can find many tips for developing in this industry and strategies that investors worldwide use. The author advises beginning investors on how to make a plan that will work, create profitable deals, properly assess the market situation and use various tools to achieve their goals.
# 8 The Wealthy Gardener by John Soforic
In this book, you’ll find a collection of life stories and advice on building an entrepreneurial business to achieve financial well-being and wealth. According to the author, the primary key to success is long-term, not short-term benefits. The book will help you find your big goal and eliminate wealth-related worries. No matter how much you earn, what college you graduate from, and where you are, the advice in this book can help you achieve the desired level of efficiency. The main thing is to be willing to work hard and learn new things.
# 9 The Millionaire Real Estate Investor by Gary Keller
You can immediately start investing in real estate with a million in your pocket. However, is everything as simple as it seems at first glance? And the second point, what to do if you don’t have a million? You can find the answers to these and many other questions in Gary Keller’s book. And this is where you can trust the author, as his conclusions are based on the wisdom of more than 100 investors who have made millions in real estate.
With the help of this guide, every aspiring investor can try to build wealth. This book also debunks the biggest myths about money and investing, often stumbling blocks for many people. In addition, you’ll also learn how to check out real estate opportunities to find the most profitable ones. According to Keller, you don’t have to be rich to appreciate the strategies and methods offered. Instead, you can get rich in real estate by practicing them now.
# 10 Best for New Landlords: Investing in Rental Properties for Beginners by Lisa Phillips
This comprehensive guide to real estate basics is beneficial to beginning investors. In the book, they will find the required information on the basics of finding, buying, renovating, and renting real estate in a very accessible way. The author breaks down complex topics into simple and easy-to-understand action plans.
Phillips’ primary emphasis is that becoming a homeowner is possible. However, she also shares methods and techniques to analyze real estate better to calculate risk and potential growth opportunities quickly. You’ll also learn how to manage multiple properties and still make a difference in your community.
Reading books about real estate investing is a great way to learn all the pitfalls of this field before you get started. They provide a general overview of how to navigate real estate investing and what you need to know about the specifics of different types of investments. If you haven’t already read the books for rental property investors, you can start with the ones in this article.