Book Description
The inside scoop . . .for when you want more than the official line
So you've decided to invest in real estate?congratulations!?but now you need to know how you can best manage your property and maximize your profit. How much should you spend on renovations? Where will you find responsible tenants? And how can you keep on top of new government regulations?
The Unofficial Guide? to Managing Rental Property answers these questions and many more, giving you insider guidance and valuable tips on managing and profiting from your investments. You'll find savvy advice on everything from legally setting rental criteria and managing properties part-time to successfully evicting delinquent tenants and collecting damages. This comprehensive, easy-to-follow guide reveals what other sources can't or won't, presenting unbiased recommendations to help you get the most out of your investments?and enjoy them!
- Vital Information on finding and financing great rental property and calculating rent and profit.
- Insider Secrets on selecting and retaining good tenants, ensuring on-time rent, and collecting late rent.
- Money-Saving Tips for rehabbing a property and obtaining good tax advice.
- The Latest Trends in writing legal, effective ads and interviewing and screening applicants to avoid potential problems.
- Handy Forms and Letters for contracting new tenants and communicating with current occupants.
Download Description
All the savvy advice and insider guidance needed to maximize ROI
According to the latest data from the U.S. Census Bureau and the U.S. Department of Commerce, 92 percent of the nation?s rental properties are owned by individual investors. These investors oversee billions of dollars worth of real estate every year. Now, The Unofficial Guide to Managing Rental Property will help these investors?most of them first-time landlords with properties of fewer than four units?to manage and profit from their new investments. Featuring sample forms and letters, and packed with valuable tips, this easy-to-follow guide comprehensively covers how to:
- Find and finance great rental property and calculate rent and profit
- Invest in rehabbing a property
- Legally set rental criteria
- Write legal, effective ads; interview and screen applicants to ensure responsible tenants
- Find good tax advice and keep on top of new government regulations
- Successfully evict delinquent tenants, collect damages, and keep the property intact
Melissa Prandi, MPM (San Rafael, CA), has been managing residential rental properties for over 22 years. She is the owner of Prandi Property Management, Inc. She is a past national president for the National Association of Residential Property Managers. Prandi has written and conducts several workshops specifically for property managers and is often called upon to be one of the featured instructors at the annual National Convention of NARPM, as well as a key advisor for the organization?s leadership-training symposium.
