Property Management Kit For Dummies^®, 2nd Edition

by Robert S. Griswold (USA)

• ISBN13: 9780470422564
• ISBN10: 0470422564
• Format: eBook
• Copyright: 2008-11-01
• Publisher: For Dummies

Summary

Thinking about becoming a landlord? Property Management Kit For Dummies, 2 nd 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 wisely Acquire a property and prepare it for tenants Make your property stand out and attract tenants Keep good tenants and get rid of bad ones Collect and increase rent Evaluate the different types of insurance and understand income and property taxesComplete 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, 2 nd Edition will help you achieve your dream of being a successful rental property owner.

Table of Contents

Introduction

So You Want to Be a Landlord?

Property Management 101

Do You Have What It Takes to Manage Your Own Rental Property?

Managing Your Property Yourself or Hiring a Pro

Taking Over the Proper ty

Renting Your Property.

Getting Your Rental Property Ready for Prospective Tenants

Rent, Security Deposits, and Rental Contracts: The Big Three of Property Management

FOR RENT: Generating Interest in Your Rental

Handling Prospects When They Come AÆCalling

Strutting Your PropertyÆs Stuff: Making Your Property Stick Out

Eenie, Meenie, Miney, Mo: Selecting Your Tenants

The Brass Tacks of Managing Rentals.

Moving In the Tenants

Collecting and Increasing Rent

Keeping the Good Tenants ù and Your Sanity

Dealing with Problem Tenants

Moving Out the Tenants

Techniques and Tools for Managing the Property.

Working with Employees and Contractors

Maintaining the Property

Keeping Safety and Security in Mind

Money, Money, Money!

Two Necessities of Property Management: Insurance and Taxes

Financial Management and Recordkeeping

Finding New Ways to Increase Your Cash Flow: Only for the Daring

The Part of Tens.

Ten Reasons to Become a Rental Property Owner

Ten Ways to Rent Your Vacancy

On the CD.

State Statutes for Landlord-Tenant Laws.

Index

Table of Contents provided by Publisher. All Rights Reserved.