The Most Widely-Read Books About Real Estate And Property Investment

There are a lot of popular published books about real estate and property investment that you can read if you want to know more about this lucrative market. Below are 3 of the most highly recommended and popular ones you can read to start learning about property and real estate investments:

1. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That The Poor and Middle Class Do Not. Undoubtedly, this is the most popular and widely read book about real estate. This bestseller was written by famed author Robert T. Kiyosaki. The thousands of readers of Rich Dad Poor Dad say that this book really has such great potential that it will change your perception of investing in real estate. This book will help you change your perspective towards money and encourage you to live with a rich mentality.

2. The Millionaire Real Estate Investor. This book, written by Gary Keller, a renowned real estate agent, and Dave Jenks, is one of the most highly recommended books in the field of investing. This book has been said to have guided millions of investors into the real estate investing game. The book focuses on providing readers theories and motivation behind great real estate investments but in a very easy-to-read mode.

3. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad Advisors). In this book, author Ken McElroy discusses all the necessary tools in order to be successful in the real estate biz. He shares some of his effective strategies that helped him become a successful investor.

Info source: www.brighterfinance.com.au

Important Lease Terms That Should Be Included In Any Tenancy Agreement

All smart property owners know that the best way they can safeguard their investment from any possible tenant trouble is to have a solid and thorough lease contract. To make sure that you have a solid and detailed tenancy agreement, it has to contain the right lease terms. The important lease terms that should be included in any lease contract should include:

The rental or lease term. In general, rental agreements pertain to month to month contract and leases for longer periods, such as two years. You need to be very specific as to the time period the tenant will stay on your property, otherwise you may find your agreement being defined by the common law of your state, which often has unfavorable terms for landlords.

The amount of rent due. Aside from spelling out exactly how much is due every month, you should also include acceptable forms of payment, where payment should be made, whether any grace period exists and any penalties for late payments.

Security deposits and other additional fees. Security deposits are one of the most frequently disputed items between landlord and tenant. As such, in addition to defining the amount, include how the deposit can be used, any non-refundable fees the renter may get after the contract and how the deposit will be returned after the tenant moves out.

Limits on occupancy. Make sure that your contract specifies that only people who have signed the lease (and their minor children, if there are any) can legally live on the property. This will prevent tenants from having their relatives and friends move in the property or subletting it without your authorization. It also gives you legal grounds to terminate the agreement if the tenant does not comply with this stipulation.

Info source: www.apartmentspecialists.co.nz

The World’s Top 5 Richest Real Estate Tycoons

In 2014, 135 property moguls made it to this elite list of billionaires from all over the world. Knowing just how much the net income of these real estate billionaires have can definitely entice anyone to get involved in the fulfilling and lucrative industry of property investment.

The Current Richest Property Moguls

Below are the world’s top 5 richest billionaire real estate tycoons:

1. Lee Shau Kee. A Hongkong citizen, Lee Shau Kee is listed as the wealthiest real estate mogul in the world. His estimated fortune, which he earned mainly from his various properties in Hongkong, is $19.6 billion. He is the head of Henderson Land Development, one of the largest property development firms in Asia.

2. Cheng Yu-tung. Another resident of Hongkong, Cheng Yu-tung is the second richest real estate tycoon. His estimated net income is $16.2 billion. He was the previous chairman of Hongkong’s New World Development.

3. Wang Jianlin. The third richest property mogul is also China’s richest person. Wang Jianlin is the chairman of China’s biggest commercial real estate development company, Dalian Wand Group. His estimated net income is $15.1 billion.

4. Donald Bren. The 4th wealthiest real estate tycoon hails from California. His estimated net worth is $14.4 billion. Donald Bren is known for owning and running Irvine Co., a highly successful real estate company in the USA.

5. Gerald Cavendish Grosvenor. Also known as the 6th Duke of Westminster, he is the richest property developer in England. His reported net worth is $ 13 billion.  He is the current chairman of the Grosvenor Group.

Info source: www.perthcommercialproperty.com.au