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Published:
December 14, 2021

Property Management Kit For Dummies

Overview

Before you put that FOR RENT sign in the yard, read this 

Hello there, future landlord. You’ve found what you’re looking for—a complete package of information and resources to teach you what you need to know and make your life (and your tenants’ lives) easier. With Property Management Kit For Dummies, you can learn how to manage single-family homes, large apartment buildings, treehouses, dollhouses… okay, there’s not much info here on managing dollhouses, but everything else is definitely covered. Find good tenants, move them in, and keep them happy and paying rent on time. When it comes time for a change, learn how to move tenants out and turn over the property, easy as pie.  

This book makes it simple to understand tax and insurance requirements, building maintenance concerns, and financial record keeping. Plus, the updated edition reflects the current rental property boom, new technologies, changes to the law, and the inside scoop on the latest Fair Housing issues to keep you out of court. Emotional support animals? Rent control? Bed bugs? Eviction? It’s all in here. 

  • Find out whether property management is right for you, learn what you need to get started, and be successful as your residential rental property portfolio grows 
  • Get your ducks in a row—develop solid marketing and advertising strategies and resources, build up-to-date rental contracts, figure out the legal side of things, and minimize your income and property tax bills 
  • Make sure you’re renting to responsible people, and deal with the occasional problem tenant without major drama 
  • Maximize your cash flow by keeping your rents at market prices, efficiently handling maintenance, and ensuring your property has great curb appeal with the features and benefits sought by today’s tenants 

Become a top-notch property manager with this one-and-done reference, plus online bonus materials. 

 

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About The Author

Robert Griswold is a veteran real estate investor and hands-on property manager of a portfolio of residential and commercial properties. He is also the co-author of Landlord’s Legal Kit For Dummies and Real Estate Investing For Dummies, 4th Edition.

Sample Chapters

property management kit for dummies

CHEAT SHEET

Property management is a job of detail and preparation. You need to prepare empty units to show them to new tenants, be able to match potential tenants with the right unit, and, most important, be able to collect rents effectively.What to do before showing a rental unitAs a property manager, you’re always showing prospective tenants empty rental units.

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Articles from
the book

It's your job as property manager to collect rent. You can make this routine task fairly straightforward by instituting some basic policies and following them for every tenant. Use the tips in the following list to devise and hold to your own rent-collection policy: Have a written rent-collection policy and go over it with each adult tenant prior to move-in.
In property management, one of the best ways to screen prospective tenants is to figure out what they need in a rental and gear your sales pitch accordingly. Some questions to ask over the phone or during the tour to help you assess their needs include those in the following list: When do you need to move in? How many bedrooms do you need?
Property management is a job of detail and preparation. You need to prepare empty units to show them to new tenants, be able to match potential tenants with the right unit, and, most important, be able to collect rents effectively.What to do before showing a rental unitAs a property manager, you’re always showing prospective tenants empty rental units.
As a property manager, you're always showing prospective tenants empty rental units. The following list can help you develop your pre-showing routine of tasks to take care of so that each unit shows its best side: Remove all the prior tenants' personal possessions and trash after you have legal possession of the unit.
https://cdn.prod.website-files.com/6630d85d73068bc09c7c436c/69195ee32d5c606051d9f433_4.%20All%20For%20You.mp3

Frequently Asked Questions

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