Secrets of a Millionaire Owner – 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 homeowners expert in the US and is a Wall Street Journal bestselling author who became a millionaire at age 30 by investing in real estate. Shem earned law degrees and master’s degrees in business administration from Emory University, Atlanta. He has done more than 450 real estate deals and owns 100 properties.
sharing their secrets
Robert Shemin provides 12 chapters sharing his millionaire owner secrets. He talks about starting out as a landlord (Ch. 3), finding good tenants (Ch. 5), collecting all the rent, all the time (Ch. 7), keeping good tenants (Ch. 9), evictions. .. how to avoid them (Chap. 10), protect your interests with insurance (Chap. 12), and more.
Solid, practical, experiential advice.
Robert Shemin is personable and concise in his presentation; sharing valuable keys freely as she recounts her trip, stating, “The first thing I learned about renters…Most of them don’t think they’re treated very well. They don’t like their landlords…this all translates to ‘great opportunity.’ And “…a viable plan includes treating tenants as valued customers.”
Robert’s information is practical; he has learned principles by experience. Following his rules should lead to success. He says, “I’m all for lower-end duplexes and two-bedrooms for the best value. They have lower up-front costs and lower maintenance costs…they’re easier to rent in a down economy.” …investigate”.
When Shemin gives advice, he presents it in a relaxed manner. He shares about ideal tenants, saying, “…the best tenants are seniors and who…are likely to stay in one place and live quietly…target…seniors.”
Robert displays positive business characteristics that are transferable to all successful businesses. He advises: “To prevent tenants from leaving, set up a Tenant Retention Program based on how you treat them, a theme throughout this book and across the business… We also offer rewards when they move out. ..”
Shemin defines the terms before addressing them. He introduces: “”Rent to Own” means that the tenant rents the property from him with an option to buy… I think it’s always better to do a rent to own/lease option with houses and duplexes.. .”
Proven Strategy for Success in Real Estate
Robert Shemin presents a viable and proven strategy for success in real estate investing for homeowners.