Perfect Phrases for Landlords and Property Managers

by Yoegel, John

• ISBN13: 9780071600514
• ISBN10: 0071600515
• Edition: 1st
• Format: Paperback
• Copyright: 2008-10-13
• Publisher: McGraw Hill

Summary

Perfect Phrases for Landlords and Property Managersarms readers with quick and easy phrases to deal with the countless challenges, decisions, and day-to-day responsibilities of being a landlord or property manager. it offers practical, need-to-know advice on everything from dealing with tenants and co-op boards to developing and executing a management plan. Each chapter includes several key principles and advice on the topic and provide hundreds of ready-to-use phrases for readers to go to no matter what the situation.

Author Biography

John Yoegel is a certified New York real estate instructor and a member of the the Real Estate Educators Association.

Table of Contents

Preface	p. xi
Acknowledgments	p. xv
The Landlord and Property Manager	p. 1
Managing Investment Properties: Goals and Objectives	p. 3
Managing Investment Properties: Skills and Responsibilities	p. 7
Planning	p. 8
Budgeting	p. 8
Maintenance	p. 9
Marketing and Leasing	p. 9
Skills Needed by a Landlord or Property Manager	p. 10
The Business of Property Management	p. 11
The Property Management Team	p. 13
Assembling the Team	p. 15
Training	p. 18
Managing the Team	p. 21
Compensation and Motivation	p. 24
Policy and Ethical Issues	p. 27
Property Manager-Client/Owner Relations	p. 31
Owner Objectives	p. 33
Communications	p. 36
Business Development	p. 39
Developing New Business	p. 41
Real Estate Investment Counseling	p. 44
Real Estate Development	p. 47
The Management Agreement	p. 51
Preparing for Negotiations	p. 53
Term of the Property Management Agreement	p. 56
Compensation	p. 59
Duties	p. 62
Termination and Renewal	p. 65
Reports	p. 67
Managing the Properties	p. 69
Managing Residential Properties	p. 71
Medium to Large Apartment Building	p. 72
The Small Property	p. 75
Lease Negotiations	p. 78
Tenant Relations	p. 81
Managing Commercial Properties	p. 85
Negotiating Leases	p. 87
Tenant Relations	p. 90
Management Issues	p. 93
Managing Owners: Condominiums and Cooperatives	p. 97
Condominiums and Cooperatives	p. 99
Condominiums	p. 104
Cooperatives	p. 105
Special Purpose Properties	p. 107
Industrial Properties	p. 109
Mobile Home Parks	p. 112
Medical Buildings	p. 114
Self-Storage Facilities	p. 118
Age-Oriented Housing	p. 120
Tenant Relations	p. 123
Communications	p. 126
The Problem Tenant	p. 129
The Management Plan	p. 131
Regional Analysis	p. 133
Neighborhood Analysis	p. 137
Property Physical Analysis	p. 140
Income Stream Analysis	p. 143
Operating Budget	p. 146
Capital Budget	p. 149
Beyond the Management Plan	p. 152
Landlord (Owner) Management Issues	p. 157
Nonresident Landlord	p. 159
Resident Landlord	p. 163
Issues Common to All Properties	p. 167
Maintenance	p. 167
Nondiscrimination	p. 171
Risk Management	p. 175
Marketing the Property	p. 181
The Marketing Plan	p. 182
Advertising	p. 184
Describing the Property	p. 187
Promotional Activities	p. 190
Networking	p. 193
Resources	p. 197
About the Author	p. 199
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