Property Management for Dummies |
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Editorial Review / Publisher's Information:
Product Description
You'll need to wear many hats in the business of property management: advertiser/promoter (in seeking tenants), host (in showing your property), handyman (in keeping up with and arranging repairs), bookkeeper (in maintaining records), and even counselor (in dealing with tenants and their problems). But Property Management For Dummies will help you maintain your sense of humor – and your sanity – as you deal with these challenges and more. You may become an unintentional property owner – someone who inherited a house from a relative and didn't want it to sit idle, or someone who transferred to a job in another city and decided to rent your home rather than sell it – or you may have entered the world of property ownership intentionally. Either way, real estate offers one of the best opportunities to develop a steady stream of residual income. Property Management For Dummies is organized by specific topic areas, so you can easily and quickly scan a topic that interests you, or you can troubleshoot the source of your latest major headache. You'll discover how to - Evaluate your skills and personality to see whether you have what it takes to be a landlord
- Keep your units occupied with paying tenants who don't destroy your property
- Move in your new tenants and move them out – and everything in between
- Assemble the right team of professionals to help you, from employees to contractors
- Insure your property and understand the taxes that go with it
- Look for additional sources of income beyond rent, including the opportunities and pitfalls of lease options
While many of life's lessons can be uncovered by trial and error, property management shouldn't be one of them – the mistakes are too costly and the legal ramifications too severe. In this book, you'll find proven strategies to make rental property ownership and management not only profitable but pleasant as well.
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Customer Reviews:
• Excellent Reference
05 January, 2009
I've managed property for years and still learned from this book. It's straight-forward and comprehensive. If there were an updated edition, I would look for more guidance on 1) hiring a decent service company, 2) handling wayward tenants, 3) handling crime and trespassing. I'd also add a word of caution: have all rental documents reviewed by a local real estate attorney. Otherwise, they may not hold.
- Amazon Customer Review
• Every Manager Needs This Book
29 August, 2009
Every property manager needs this book sitting on their desk.It offers information for every situation that one may encounter.From common sense to complicated situations this book can be a quick reference manual for any manager.Great for situations when you are the only one available to make a important decision.
- Amazon Customer Review
• Property Management Basics
01 October, 2008
I found that this book covered the basics. Very easy to read and understand. However, the contents seemed to be mostly common sense type of information. Not too many unique thoughts or ideas. If you are really interested in learning more in depth information about managing your own property, I suggest reading a variety of books by genuine realty experts and then contacting your local realty board in the state you live in. The law varies so much from state to state, you really need to read the tenant-landlord act in the state where you reside before you make any real decisions about managing your own property.
- Amazon Customer Review
• Apexpapa
10 June, 2009
Like all the dummies books, very easy to understand and apply especially for a novice but enough in depth knowledge to make you dangerous.
- Amazon Customer Review
• Interesting And Enlightening
18 May, 2009
It's got to be tough to write solid advice and make it somewhat entertaining--but as usual, the Dummy books come through. Property management (on a small scale) is something we're exploring. This book had a lot of common sense, practical advice that either confirmed some thoughts we had or gave us new ideas or pause for thought.
- Amazon Customer Review
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