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If you are a first time property manager this book is for you. It contains a ton of practical and easy to follow advice on everything from figuring out how much rent to charge to maximize your profits to how to advertise inexpensively and effectively. From how to set up your company and your website to how to run credit checks and evaluate ability to pay. This book will help you to get up and running fast while avoiding the costly mistakes. It's the "what we wish someone had told us" book.
Before you put that FOR RENT sign in the yard, read this Hello there, future landlord. You’ve found what you’re looking for—a complete package of information and resources to teach you what you need to know and make your life (and your tenants’ lives) easier. With Property Management Kit For Dummies, you can learn how to manage single-family homes, large apartment buildings, treehouses, dollhouses... okay, there’s not much info here on managing dollhouses, but everything else is definitely covered. Find good tenants, move them in, and keep them happy and paying rent on time. When it comes time for a change, learn how to move tenants out and turn over the property, easy as pie. This book makes it simple to understand tax and insurance requirements, building maintenance concerns, and financial record keeping. Plus, the updated edition reflects the current rental property boom, new technologies, changes to the law, and the inside scoop on the latest Fair Housing issues to keep you out of court. Emotional support animals? Rent control? Bed bugs? Eviction? It’s all in here. Find out whether property management is right for you, learn what you need to get started, and be successful as your residential rental property portfolio grows Get your ducks in a row—develop solid marketing and advertising strategies and resources, build up-to-date rental contracts, figure out the legal side of things, and minimize your income and property tax bills Make sure you’re renting to responsible people, and deal with the occasional problem tenant without major drama Maximize your cash flow by keeping your rents at market prices, efficiently handling maintenance, and ensuring your property has great curb appeal with the features and benefits sought by today’s tenants Become a top-notch property manager with this one-and-done reference, plus online bonus materials.
RENTAL MANAGEMENT MADE EASY! It's not impossible!! This book is a practical step by step guide to managing rental properties...How to Manage Property Profitably $$$ How to Avoid "Bad" Tenants, How to Receive Rent on Time, How to Handle Security Deposits, How to Keep Accurate Financial Records, How to Maintain Tenant History Records, How to Help keep Expenses within Reason, Sample Forms for All Purposes, Beginning with how to safely & effectively "show" a house through credit checks, leasing & inspections, the author takes the reader by the hand & shows how to do it so the owner lessens the chance of "getting burned". Writing as an experienced property manager, the author not only knows how to manage rental properties effectively, but gives the reasons behind each stop of the process. But the biggest BONUS of all is the sample forms in the book which readers are given permission to reproduce or adapt to their needs. These forms include applications, house inspection sheets, late rent notices, sample lease clauses, "moving out" letter, bookkeeping forms for single property owners & multiple property owners & many others. Practical experience offered in everyday terms smooths the way for non-professional property managers.
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.
The Regional Vice President of the National Apartment Association (NAA) offers his insights on property management here in 10 concise chapters. Advice covers investment, financials (including cash flow and recordkeeping), and strategies to create value.
Grasp the fundamentals of real estate accounting, finance, and investments Real Estate Accounting Made Easy is just that—an accessible beginner’s guide for anyone who needs to get up to speed on the field of real estate accounting, finance, and investments. Beginning with the elementary aspects of real estate to ensure that you’re comfortable with the subject matter, it goes on to explore more in-depth topics in a way that’s easy to digest. The book begins with discussions on introduction to the real estate industry and basic real estate accounting. Building on knowledge from the initial chapters, the book goes on to cover the different form of real estate organizations, financial statements such as the balance sheet, income statement, shareholders equity and the statement cash flow, and more. • Provides theories and practices of real estate from an accounting, financial, and investments perspective • Advanced transactions are discussed in an easy-to-understand manner • Content reflects the FASB’s new standards on revenue recognition and lease accounting • Accounting for operating property expenses, operating expenses reconciliation and recoveries, lease incentives and tenant improvements, budgeting, variance analysis are discussed in detail • Covers types of financing for real estate acquisitions, accounting for real estate investments, project development costs, and real estate brokerage • The book also walks you through the financial audit process If real estate is a new territory for you, fear not! This book helps new auditors, accounting, finance, and investment professionals, and users of financial reports understand the fundamentals of the financial aspect of the real estate business.
The inside scoop . . .for when you want more than the official line So you've decided to invest in real estate--congratulations!--but now you need to know how you can best manage your property and maximize your profit. How much should you spend on renovations? Where will you find responsible tenants? And how can you keep on top of new government regulations? The Unofficial Guide? to Managing Rental Property answers these questions and many more, giving you insider guidance and valuable tips on managing and profiting from your investments. You'll find savvy advice on everything from legally setting rental criteria and managing properties part-time to successfully evicting delinquent tenants and collecting damages. This comprehensive, easy-to-follow guide reveals what other sources can't or won't, presenting unbiased recommendations to help you get the most out of your investments--and enjoy them! * Vital Information on finding and financing great rental property and calculating rent and profit. * Insider Secrets on selecting and retaining good tenants, ensuring on-time rent, and collecting late rent. * Money-Saving Tips for rehabbing a property and obtaining good tax advice. * The Latest Trends in writing legal, effective ads and interviewing and screening applicants to avoid potential problems. * Handy Forms and Letters for contracting new tenants and communicating with current occupants.
Are you interested in learning about the methods and best practices of leasing out the rental property? Are you curious about what is involved with being a landlord and how to mitigate your risks? If so, then keep reading! Hello! Welcome to "Rental Property Management 101". No longer do you want to watch everybody else making money from the sidelines, it is about time you combined in the real estate game and smashed it yourself! This publication covers the must-knows of the eight company characteristics of a landlord. This book is perfect for potential landlords that wish to understand the in's and outs of the home management company. You will find out how to choose quality renters, the way to write a lease, and also the way to make the most of your investment. Learn in-depth on how the professionals manage the property, and you will be better off at managing properties yourself! Whether you're a newcomer to property direction or possess years of experience, this program is ideal for people who wish to hit the floor running. Every chapter will provide you easy to apply strategies which you can use immediately on your rental property company. This book offers a shown approach for establishing and maintaining rental properties. This book will help you to achieve your financial freedom dream through becoming a serial rental property manager and will understand what to look for before you have a final deal. Here's what makes this book special: Rental Property Management The Eight Business Attributes of a Successful Landlord Purchasing Rental Property Financing Rental Property Preparing Your Property for Tenants Selecting Your Tenants The Tenant-Landlord Relationship Protecting Your Investment Much, much more! By the end of this book, you'll have relevant new skills that will help you to manage your property done right finally. Be ready to be called as one of the best landlord's around your area. Are you interested to know more? Then Scroll up, Click on "Buy now with 1-Click", and Get Your Copy Now!
Getting past all the technical jargon and legalese is not easy, and can often lead to skipping through the rules and regulations. This book contains checklists, case study examples, and many useful links and websites, as well as easy to understand explanations about building inspectors and council requirements.