Thinking about becoming a landlord? "Property Management Kit For Dummies, 2nd Edition" gives you proven strategies for establishing and maintaining rental properties, be they single family or multi-resident. You'll see how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal snafus -- and meet your long-term goals. You'll learn all the basics of the rental housing business -- from finding and showing properties and dealing with tenants to record keeping and paying your taxes.Now you can find out if you really have what it takes to successfully manage rental property and you'll learn all about the various options for hiring someone else to manage your property for you. You'll find out the right way to prepare your properties for prospective tenants, set the rent and security deposit, clean up properties, and verify rental applications. In no time at all, you can become a top-notch manager by working efficiently with employees and contractors to keep your properties safe and secure. Find out how to: Manage your time and money wiselyAcquire a property and prepare it for tenantsMake your property stand out and attract tenantsKeep good tenants and get rid of bad onesCollect and increase rentEvaluate the different types of insurance and understand income and property taxes
Complete with lists of ten reasons to become a rental property owner, ten ways to rent your vacancy, and the ten biggest mistakes a landlord can make "Property Management Kit For Dummies, 2nd Edition" will help you achieve your dream of being a successful rental property owner.
Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
This book is fantastic. I have read other reviews that say it's only for beginners. Well, I am a beginner, and it was incredibly helpful for me, and something that I will want to revisit even as I become more experienced. It was a tad outdated in some instances but up to date enough to explain why it's not good to accept rent via Venmo - advice I highly appreciate.
If you are an anxious person wondering about every single thing that could ever possibly go wrong, this book covers all those little things so you can put them in your rental contract or prepare properly for them and sleep peacefully at night.
I rented this from the library, but it is more than worth buying a copy to keep around to thumb to a particular topic you need to read up on again.
Property Management Kit For Dummies is a great starting point for understanding real estate. It's very basic, which I see as a positive. I'm a financial analyst with a BS in finance and a strong grasp of stocks, bonds, and other financial products, but I’ve always lacked knowledge in real estate. This book helped fill that gap in my financial understanding.