ABCs of Property Management: What You Need to Know to Maximize Your Money Now (Rich Dad's Advisors

by Ken McElroy

So you've made your real estate investment...and now the question is: How are you going to make it profitable? How will you maximize its potential and make it grow in value? One word: Management. Hundreds of thousands know bestselling author Ken McElroy as a real estate investment tycoon. In this book, Ken reveals the key to his success: Exceptional property management. He teaches you the most important principles and keys to achieving success where others fail.

THE ABC'S OF PROPERTY MANAGEMENT tells readers:

How to decide when to manage your property and when to hire someone to do it
How to implement the right systems and structures for your investment
How to manage and maximize cash flow
What to expect: A month in the life of an owner-manager
How to find the right property manager (and avoid the wrong ones)
How to assemble a superior management team

Genres: Business, Finance, Nonfiction, Self Help, Money

160 pages, Paperback

First published January 1, 2008

Reviews

[Josh · Rating 2 out of 5]

This book should have been a blog post.

[Laura Reeves · Rating 4 out of 5]

A must read for anyone interested in property investment. In depth knowledge of if you should manage yourself, how to manage, how to research management companies & what to look for when hiring one. I’ll be referring to this book for a long time.

[Kaleb · Rating 3 out of 5]

It was an OK book. There were a few tidbits that were good. Basically I think you could have some of the equations and that he highly stresses getting a property manager and that would sum up the book. As quick as it was though it was probably still worth the read.

[Mario Gutierrez A. · Rating 2 out of 5]

This is mainly a book trying to convince you to hire a property manager and not how to manage the property.

[manuel · Rating 5 out of 5]

Very educational

As a small real estate investor with 9 unit under my belt, this has truly open up my eyes on how we have been operating our investment.

[Janet Luke · Rating 3 out of 5]

Covers the basics—I wish it could have just been the last chapter. And the resources printed out. Kind of the runofthemill self boastful real estate tycoon book.

[Christian flores · Rating 4 out of 5]

Good book and useful

I expected more details about the experience of property management tasks and day by day activities in order to visualize the business in a better way

[Luis Angulo · Rating 3 out of 5]

He shows you how important is to manage well a property

[Adrin Vargas · Rating 5 out of 5]

This a useful instruction guide that provided real world scenerios.

[Miquel Vall · Rating 5 out of 5]

Great book great information

[Camilo Alvarez · Rating 2 out of 5]

Libro rápido con un gran título y un pobre contenido. La conclusión es que contrates a una empresa que administre tus propiedades. Fin del libro.

[Seemy · Rating 3 out of 5]

Got more from this book than his 'ABC's of Real Estate Investing" - Really in depth about managing property with interesting food for thought calculations and food for thought I didn't think about before - however again this focuses more on multi unit buildings vs the average investment property owner who may have multiple units around his niche area of investment - but nevertheless still good principles of managing your property portfolio well

To Our Continued Success!
Seemy
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[Gregory Eakins · Rating 1 out of 5]

This book offered very little in the way of how to actually manage a property. The majority of the book was centered around picking a property manager, while the other half was explaining what a pain in the ass it is to manage a property yourself. The examples and advice that was given was at an extremely high level, for someone managing huge apartment complexes rather than a few single family homes.

[Laurel · Rating 4 out of 5]

It wasn't as fun or inspiring a read as Rich Dad Poor Dad (I think the association set my expectations a bit too high) but it was useful and I enjoyed the teaching through stories. I wish there had been more about how to manage a property rather than choose a property management company but overall a quick and informative read!

[Aline · Rating 4 out of 5]

Si aprendí Muchas cosas nuevas y me abrió más el panorama sobre lo que se debe de hacer cuando quieres ser un inversionista de bienes raíces pero siento que le faltó, no me dejo completamente satisfecha con su contenido por eso le doy 4 estrellas.

[Danny King · Rating 4 out of 5]

Pretty good. It is a little more targeted toward multi-unit property owners, but it at least made me think certain things over for our single property.

[Leroy Ang · Rating 4 out of 5]

I like the templates given at the end of the book. Good for immediate use. :-)

[Chanika · Rating 3 out of 5]

This book might be helpful to someone who is brand-new to property management. There are a few good pointers but most of it is basic common sense.

[Travis · Rating 3 out of 5]

Good ideas for what to expect from your property manager.