Making money through real estate investments isn't as simple as buying up property and hoping for the best -- you have to know what you're doing. The fact is, how you manage a property directly affects how profitable it will be. The Property Management Tool Kit goes beyond the basics, giving you all the guidance you need to successfully manage your properties, avoid pitfalls, and make a profit. You'll find out how to:
- Add value to your property, including which improvements to make or avoid
- Address legal concerns, tenant issues, and administration and maintenance
- Handle monetary factors such as cash flow, record-keeping, and rent collection
- Expand your portfolio and establish financial goals
- Hire a team, partner with vendors, and use advertising
- In addition, you'll find helpful management tools: a market survey; rental criteria; and sample documents and forms, including a rental application, a lease, a guest screening card, rules and regulations, renewals, a vacancy report, a maintenance log, and much more.
- Practical and informative, this is the one book you need to successfully manage your properties
"""A must-read for new investors, property management staff, and experienced operators. I expect that universities will use this 'understand the basics' approach in the Property Management programs throughout the country.""
-- William Wollinger, President, National Apartment Association Education “The Property Management Tool Kit is a timeless 'how to' guide that provides the framework for success for the new real estate investor and insightful knowledge for the seasoned veteran. Mike Beirne conveys succinctly how successful property management is about the people as well as the property. He gets both parts right.”
-- Rick A. Snyder, President, R.A. Snyder Properties, San Diego, CA
""A comprehensive look at the ‘multifamily industry’ and a valuable read for novices and seasoned professionals alike.""
-- David L. Legow, Managing Member, Legow Management Company, L.L.C."