Synopsis
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.
"synopsis" may belong to another edition of this title.
About the Author
Robert Griswold runs Griswold Real Estate Management, teaches at the Institute for Real Estate Management, hosts a San Diego real estate radio call-in show, and regularly appears on TV.
From the Back Cover
"Whether you have one rental or hundreds, this is a book to keep close by." Dave Liniger, Chairman of the Board, RE/MAX International, Inc. Praise for Property Management For Dummies "Robert Griswold is the guru of smart property management. You won't find a better written, more practical book on the subject." ? Kenneth Harney, nationally-syndicated real estate columnist, The Washington Post Writers Group "Not just theory ? great advice in plain English for all rental property owners and managers." ? Arthur B. Laffer, Laffer Associates, San Diego
Get tips on dealing with problem tenants, legal issues, and more!
Find out how to minimize rental headaches ? and maximize cash flow Whether you inherited a home you now need to rent or you're aiming to become a real estate tycoon, this friendly guide is your road map to success. Renowned real estate expert Robert Griswold walks you through every aspect of property management, showing you how to avoid legal problems, deal with tenants and maintenance ? and increase your income!
Discover how to: Advertise your property and screen tenants Collect rent and ask for rent increases Hire maintenance employees and vendors Deal with record keeping, taxes, and insurance Explore niche rentals and other options
Get smart! www.dummies.com Sign up for daily e-tips at www.dummiesdaily.com Choose from among 33 different subject categories Get news you can use on everything from money to health to computers
From the Inside Flap
Dave Liniger, Chairman of the Board, RE/MAX International, Inc., April 2001
"Anyone who is contemplating becoming a landlord - or that that matter anyone who already is - would do well to read Robert Griswold's book, "Property Management For Dummies". Griswold offers some solid ideas for those property managers who don't necessarily want to 'manage' their real estate investments themselves. This handbook for property management successes comes complete with tips on preparing and keeping your property in top condition, finding, handling, selecting and keeping good tenants, showing techniques, maintenance ideas, dealing with contractors, rent collection ideas, financial management and record keeping, and much more. Mr. Griswold covers all the bases of property management. "Property Management for Dummies" probably should have been titled "Property Management for Ex-Dummies". Whether you own one rental or hundreds, this is a book to keep close by."
Includes tear-out "Cheat Sheets" for:
How to Handle a Telephone Call from a Prospective Tenant
How to Avoid Problems upon Move-out
What to Do Before Showing a Rental Unit
. . . . plus lots of great forms and letters for all types of situations encountered by landlords. Great cartoons by Rich Tennant.
"About this title" may belong to another edition of this title.
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