Secrets Of A Millionaire Landlord – Book Review


By: Robert Shemin, ESQ. (2002)

ISBN 0-7931-4825-1

Book Price: $28.95

Prominent real estate investor

Robert Shemin is a nationally recognized landlord expert in the U.S.A. and is a Wall Street Journal bestselling author who became a millionaire in his early 30’s investing in real estate. Shem earned law and MBA degrees from Emory University, Atlanta. He has put together more than 450 deals in real estate and owns 100 properties.

Sharing his secrets

Robert Shemin provides 12 chapters sharing his millionaire landlord secrets. He discusses, getting started as a landlord (Ch. 3), finding good tenants (Ch. 5), collecting all of the rent, all of the time (Ch. 7), keeping good tenants (Ch. 9), evictions… how to avoid them (Ch. 10), protecting your interests with insurance (Ch. 12), and more.

Sound, practical, experiential, advice

Robert Shemin is personable and concise in his presentation; sharing valuable keys freely as he relays his journey, stating, “The first thing I learned about tenants… Most believe they are not treated very well. They dislike their landlords… this all spelled “big opportunity.” And,”… a workable plan includes treating tenants like valued customers.”

Robert’s information is practical; he has learned principles by experience. Following his rules should lead to success. He expresses, “I strongly favor low-end duplexes and two-bedroom homes for highest profitability. They have lower initial costs and lower maintenance costs… they’re easier to rent in a down economy… do your research.”

When Shemin gives advice it is presented in a relaxed manner. He shares on ideal renters, saying, “… the best renters are people who are older and who… are likely to stay in one place and live quietly… target… older people.”

Robert displays positive business characteristics that are transferable to all businesses for success. He informs, “To prevent tenants from leaving, set up a Tenant Retention Program that is based on how you treat them-a theme throughout this book and throughout business… We also provide rewards when they move in… “

Shemin defines terms before addressing them. He presents, “”Rent-to-own” means the tenant rents your property with an option to buy it… I think you are always better off doing rent-to-own/lease option with houses and duplexes… “

Proven strategy for success in real estate

Robert Shemin lays out a workable and proven strategy for success in real estate investing for landlords.

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