So you've made your real estate investment...and now the question is: How are you going to make it profitable? How will you maximize its potential and make it grow in value? One word: Management. Hundreds of thousands know bestselling author Ken McElroy as a real estate investment tycoon. In this book, Ken reveals the key to his success: Exceptional property management. He teaches you the most important principles and keys to achieving success where others fail.
THE ABC'S OF PROPERTY MANAGEMENT tells readers:
How to decide when to manage your property and when to hire someone to do it
How to implement the right systems and structures for your investment
How to manage and maximize cash flow
What to expect: A month in the life of an owner-manager
How to find the right property manager (and avoid the wrong ones)
How to assemble a superior management team
So you've made your real estate investment...and now the question is: How are you going to make it profitable? How will you maximize its potential and make it grow in value? One word: Management. Hundreds of thousands know bestselling author Ken McElroy as a real estate investment tycoon. In this book, Ken reveals the key to his success: Exceptional property management. He teaches you the most important principles and keys to achieving success where others fail.
THE ABC'S OF PROPERTY MANAGEMENT tells readers:
How to decide when to manage your property and when to hire someone to do it
How to implement the right systems and structures for your investment
How to manage and maximize cash flow
What to expect: A month in the life of an owner-manager
How to find the right property manager (and avoid the wrong ones)
How to assemble a superior management team
Foreword by Robert Kiyosaki xi
Introduction xiii
Section 1: Should I Manage My Own Property or
Hire Someone to Do It for Me? 1
Chapter 1 Size Doesn’t Matter 3
Chapter 2 Property Management Systems 17
Chapter 3 Cash Flow Management 39
Chapter 4 A Month in the Life of an Owner-Manager 69
Section 2: How Do I Find a Good Property Manager? 83
Chapter 5 Not All Property Management Companies
Are Created Equal 85
Chapter 6 Employees, Systems, and Structures:
The Backbone of a Company 101
Section 3: How Do I Hire a Good Property Manager? 107
Chapter 7 Hiring a Good Property Manager or
Management Company 109
Conclusion 123
Resources 125
About the Author 129