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Robert S. Griswold
Property Management Kit For Dummies
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Property Management Kit For Dummies® To view this book's Cheat Sheet, simply go to
www.dummies.com
and search for “Property Management Kit For Dummies 4th Edition Cheat Sheet” in the Search box. Table of Contents
List of Tables
List of Illustrations
Guide
Pages
Страница 8
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Страница 10
Residential Property Management 101
Understanding Property Management
Considering the benefits
Confronting the icky parts
RENTERS DRIVE RENTAL PROPERTY MANAGEMENT
Examining Types of Real Estate
Renting Your Property
Preparing the property
Knowing how much to charge
Capturing prospects’ interest
Turning interest into property visits
Picking your tenants and signing the deal
Getting Your Hands Dirty: Managing the Property
Moving tenants in and out
Collecting rent
Keeping the good tenants
Dealing with troublesome tenants
Maintaining the property
Protecting your investment
Страница 30
Do You Have What It Takes to Manage Your Own Rental Property?
Understanding That Managing Residential Rental Property Is a People Business
Identifying the Types of Real Estate Owners
The inadvertent rental property owner
The buy, fix, and flip or refinance owner
The long-term investment rental property owner
FLOPPING IS PART OF “BUY AND FLIP” EXCEPT ON “REALITY” SHOWS
Recognizing the Advantages of Owning Rental Property
Eyeing the Unique Characteristics of a Good Manager
Realizing that good management makes a difference
Separating your personal style from sound management
Managing your time
HOME-BUSINESS OPPORTUNITY
Delegating management activities
Knowing that your style is unique
Being Honest with Yourself about Your Skills and Experience
Страница 47
Managing Your Residential Property Yourself or Hiring a Pro
Managing Your Rental Yourself
The advantages
The drawbacks
The distance factor
Exploring Professional Management
Eyeing the pros and cons of using a pro
Understanding what a good property manager does
Telling the good from the bad
Finding the right management company for you
Compensating your property manager
WATCH THOSE REPAIR BILLS!
Discovering how property management companies charge
Structuring compensation
Making sense of management agreements
Being aware of the tax consequences
Страница 64
Taking Over the Property
Knowing What to Get Up Front
A comprehensive list of personal property included in the sale
A copy of the entire tenant file of each current tenant
A seller-verified rent roll and list of all tenant security deposits
A copy of all required governmental licenses and permits
A copy of all the latest utility bills
A copy of every service agreement or contract
A copy of the current insurance policy and loss history
A FINAL WALK-THROUGH CAN SAVE YOU HEADACHES
Working with the Current Tenants During the Transition
Meeting the tenants in person
Inspecting the property
Inspecting the rental unit
Using a new lease or rental agreement
Evaluating the current rent
Страница 81
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Getting Your Residential Rental Property Ready for Prospective Tenants
Viewing Your Rental Property from a Prospective Tenant’s Shoes
Paying attention to the exterior and common areas
Making sure that the interior is up to snuff
CURB APPEAL IN A COMMUNITY ASSOCIATION
Preparing Your Rental Unit the Right Way
General cleaning
Maintenance
Inspecting safety items
Performing turnover maintenance
Considering renovations and upgrades
DETERMINING WHETHER TO RENOVATE: WHAT’S YOUR RETURN?
EYEING WHAT PROSPECTIVE RENTERS WANT
OBTAINING THE APPROPRIATE PERMITS
Painting
Final cleaning
Carpet or floor-covering cleaning
Using Outside Contractors
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