Property Management for Dummies

Property Management for Dummies

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Editorial Reviews

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.

Customer Reviews

Would help if I'd read.

Reviewed by Mom of 5, 2010-02-13

Ordered this a long time ago, and haven't fully read it. We are THE dummies in property mgt.

Every manager needs this book

Reviewed by rainedayz, 2009-08-29

Every property manager needs this book sitting on their desk.It offers information for every situation that one may encounter.From common sense to complicated situations this book can be a quick reference manual for any manager.Great for situations when you are the only one available to make a important decision.

apexpapa

Reviewed by Anthony Herr, 2009-06-10

Like all the dummies books, very easy to understand and apply especially for a novice but enough in depth knowledge to make you dangerous.

Interesting and enlightening

Reviewed by Darcy Penrod, 2009-05-18

It's got to be tough to write solid advice and make it somewhat entertaining--but as usual, the Dummy books come through. Property management (on a small scale) is something we're exploring. This book had a lot of common sense, practical advice that either confirmed some thoughts we had or gave us new ideas or pause for thought.

Excellent Reference

Reviewed by Aaauger, 2009-01-05

I've managed property for years and still learned from this book. It's straight-forward and comprehensive. If there were an updated edition, I would look for more guidance on 1) hiring a decent service company, 2) handling wayward tenants, 3) handling crime and trespassing. I'd also add a word of caution: have all rental documents reviewed by a local real estate attorney. Otherwise, they may not hold.