Best Books on Rental Property Management
Property management and rental property investment are deep subjects with a direction of their own. Using capital to buy income-generating properties is one thing, but managing various real properties is completely another. Small landlords often juggle their rental-related responsibilities with full-time jobs and end up personally handling most issues that arise.
It doesn’t matter how much property you have, if you don’t have an effective system to manage it then you’re not going to make it.
List of the top 5 best real estate property management books –
1- Property Management – Robert C. Kyle
This book relies on case studies and imparts situational knowledge through examples. It helps its readers gain ample knowledge on property maintenance, accounting, and finance as well as handling administrative and legal activities. It is extremely extensive and provides information in an easily perceivable manner.
2- The ABCs of Property Management – Ken Mcelroy
So as you start to invest and you build your portfolio, the question comes up, you know, how are you going to make it as profitable as possible? And how will you maximize its potential and make it grow in value? And the one word he has for this is management. And it’s probably good to understand how to manage your property. So in this book can reveal the key to his success, and that is exceptional property management.
3- The Book on Managing Rental Properties – Brandon Turner
It’s another book by Brandon Turner called The Book on Managing Rental Properties, a proven system for finding, screening, and managing tenants with fewer headaches and maximum profits. This is definitely a book for a do-it-yourself. So if you want to manage your own properties, even if it’s just one or you already manage your properties this might be a good supplement to that.
4- Facility Management: Indian & Global Best Practices – Dr. Adv. Harshul Savla
This book gives an insight into various aspects in the field of Facilities Management which could help you create a better facility and provides an in-depth understanding of this sector and profession. This book also includes few case studies in the area of FM thus providing an understanding of a practical approach and also gives a fair idea of how it is implemented and executed in the real-world scenario.
5- Every Landlord’s Guide to Managing Property – Nolo
Written for the millions of landlords who own a single-family home, retail rental property, Every Landlord’s Guide to Managing Property covers everyday skills a hands-on landlord needs, including how to retain good, long-term tenants, handle nitty-gritty maintenance, avoid conflicts over late rent, limit costly tenant turnovers, and vacancies.
Conclusion
Buying a property is one thing and efficiently managing it is another and crucial, because if you can’t manage it properly then your cash flow will hamper badly. You can list your commercial and industrial properties on Industrialplot.com, from here you can find good tenants.
