Over the 14 years or so since LandlordZONE® started (we started in 1999 around the same time as Google!) we’ve gone from a situation in the UK where there were very few books on property investing and landlording, to one where there is now quite a proliferation of such titles.
Back in those days the only information available to the property investor / landlord / letting agent was in the form of American investing books not really appropriate to the UK market or some rather specialist publications not readily available to the public.
Dare I say it; we pioneered much of the property letting and management information available on the Internet at the time, but again there’s since been a proliferation of such information and knowledge at the click of a mouse on a Google search.
However, quality still counts, so with such a wide ranging choice it behoves the wise scholar of investing and property management to sift through and find information that can be relied on, from sources you can trust.
In my view, “The Complete Guide to Property Investing Success” by Angela Bryant is one such source.
Angela has written a very comprehensive book on the art and science of property investing and property management based on her substantial experience in the business – she and her partner have built a portfolio of around 60 rental properties over a period of 15 years or so.
As a property investor myself over a period of 30 years or more I can identify with her philosophy: thorough research based on reading widely and doing your homework, growing at a pace you can cope with and consolidating your experience, security and income, and replicating a successful formulae once you find what works – what Angela calls the “cookie cutter principle”.
No matter how much experience you have and how successful you feel you are as a landlord, you can always learn something new and to your advantage. This book is full of such knowledge and useful insights which comes only though a long period of practical experience. It’s ideal for the beginner and there’s as lot there for the experienced landlord as well.
I like the way Angela has provided an interesting mix of technical detail with inspirational quotes, and reference to motivational literature, without going over the top. We all need to be inspired but some of the “get rich quick” brigade go way over the top on this.
The book introduces you to the many a varied ways you can make money an grow your wealth though property, before going on to explain in great details the formulae for success that has worked for Angela.
The book is set out in a logical step-by-step approach which ideally takes the novice from the initial sourcing stage through finding value deals, the purchase process, financing and mortgages, all in some considerable detail. The important aspects of choosing the right type of property, managing the properties in a portfolio and managing tenants are also covered in detail.
An interesting touch is the diarised account of what’s involved day-to-day in managing a portfolio of properties and tenants at this size of portfolio – it’s a full time occupation. There’s no attempt to paint a “rose tinted” view of what’s involved, as any experienced landlord will know, managing tenants can be hard work.
However, the advantages of owning a portfolio of cash generating investments are plain to see when Angela demonstrates some of the analysis and the tools she uses to manage, from a detailed example forms and a business plan, to example cash flow forecasts.
Finally, the appendix holds a collection of some useful forms and notices such as the section 21 and section 8 notices that every landlord needs at some point.
A very worthwhile read for any serious property investor – I can certainly recommend it.
Tom Entwistle, Editor, LandlordZONE®