Property Management Kit For Dummies Author: Griswold | Language: English | ISBN:
1118443772 | Format: EPUB
Property Management Kit For Dummies Description
From the Back Cover
Learn to:
- Prepare your rental for tenants
- Make your property stand out from the pack
- Find and retain the best tenants
More than 250 sample contracts, checklists, and operational tools on the CD
Become a landlord and successfully manage your properties
Do you have what it takes to manage rental property? In Property Management Kit For Dummies you'll discover the right way to prepare your properties for prospective tenants, set the rent and security deposit, clean up properties between tenants, and verify rental applications. In no time at all, you can become a top-notch property manager by working efficiently with employees and contractors to keep your properties safe, secure, and profitable.
- Consider hands-on management — evaluate your skills and personality to determine whether you should manage your property yourself or hire a management professional
- Get down to the nitty-gritty — prepare the property for renting, create a reasonable rental contract, develop a comprehensive marketing and advertising campaign, and select tenants wisely
- Manage your rental — get strategies for moving tenants in and out, collecting and increasing rent, retaining tenants, and dealing with pesky tenants
- Assemble the right team — discover how to interview, screen, and hire the best employees and contractors to keep your property well-maintained and running smoothly
- Money, money, money — discover the ins and outs of insurance, taxes, and ways you can increase your income beyond rent
Open the book and find:
- Tips on managing your property yourself or hiring a pro
- The lowdown on rent, security deposits, and rental contracts
- Ways you can generate interest in your rental property online and using social media
- Troubleshooting advice for rent collection problems and housing discrimination complaints
- How to deal with vacancies, renovations, open houses, evictions, and more
- State-by-state laws and strategies for handling landlord-tenant issues
CD Includes
More than 250 forms, including sample contracts and addendums, property inspection checklists, a real estate glossary, and other valuable tools for simplifying day-to-day operations
See the CD appendix for details and complete system requirements.
About the Author
Robert S. Griswold, MBA, is a successful real estate investor and property manager with a large portfolio of residential and commercial rental properties. He is the real estate expert for NBC San Diego, the lead columnist for the nationally syndicated columns "Rental Roundtable" and "Rental Forum," and co-author of Real Estate Investing For Dummies.
- Paperback: 432 pages
- Publisher: For Dummies; 3 edition (February 18, 2013)
- Language: English
- ISBN-10: 1118443772
- ISBN-13: 978-1118443774
- Product Dimensions: 9.2 x 7.4 x 0.9 inches
- Shipping Weight: 1.6 pounds (View shipping rates and policies)
I share a beach house and wanted some more in depth information about handling roommates, but this book is not about that. Yes you can glean some information in that regard from many of the chapters but not specifically so. It is better to simply Google the subject because a lot has been written about it. This book is very specific for anyone who wishes to engage in the business of renting properties, or even for the person who wishes to rent just one property. There is no stone left unturned in this book, it is a rather complete treatise on the subject.
The included CD has 250 contracts on it so in a lot of cases you can save the trip to the attorney's office. The overwhelming attractiveness about this book is that it is written in plain English and without any legalese. Just as important is the fact that it is written street smart. This isn't a book created by a bunch of people who were formally educated in a saccharin environment and purport to know everything, but rather the real down and dirty about the situations you can get into, how to deal with them, and how to take the necessary measures that are important ahead of time in order to avoid them.
This book covers the way to do background checks, credit checks, how to get a signed agreement from your potential renter so you can call references and do a comprehensive screening. I am surprised at how many people rent properties based on a gut feeling about someone. Some of the best con artists are the ones that seem the most pleasing on the outside. In the book one example was given whereby someone pulled up in an expensive car, with an expensive suit and watch on, and needed to move in right away. They paid the security and first month's rent with a personal check and moved in right away.
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