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| benefits of hiring a property management company: Rich Dad's Advisors: The ABC's of Property Management Ken McElroy, 2008-09-12 So you've made your real estate investment, now the question is: How are you going to make it successful? Maximize its potential? MMake it grow? One word: management. Hundreds of thousands know bestselling author Ken McElroy as a real estate investment tycoon. in his new book, he reveals the key to his success, exceptional property management, and teaches you its most important principles, showing you how to fundamentally succed 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. |
| benefits of hiring a property management company: Property Management Kit For Dummies Robert S. Griswold, 2013-01-31 Discover how to be a landlord with ease Thinking about becoming a landlord? Property Management Kit For Dummies gives you proven strategies for establishing and maintaining rental properties, whether a single family or multi-resident unit. You'll find out how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal missteps—and meet your long-term goals. Now you can find out if you really have what it takes to successfully manage a 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 between tenants, and verify rental applications. In no time at all, you can become a top-notch property manager by working efficiently with employees and contractors to keep your properties safe and secure. 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 taxes Complete 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 helps you achieve your dream of being a successful residential rental property owner. CD-ROM and other supplementary materials are not included as part of the e-book file, but are available for download after purchase. |
| benefits of hiring a property management company: Landlording Leigh Robinson, 1988 Landlording: a handymanual for scrupulous landlords and landladies who do it themselves. |
| benefits of hiring a property management company: Ask a Manager Alison Green, 2018-05-01 From the creator of the popular website Ask a Manager and New York’s work-advice columnist comes a witty, practical guide to 200 difficult professional conversations—featuring all-new advice! There’s a reason Alison Green has been called “the Dear Abby of the work world.” Ten years as a workplace-advice columnist have taught her that people avoid awkward conversations in the office because they simply don’t know what to say. Thankfully, Green does—and in this incredibly helpful book, she tackles the tough discussions you may need to have during your career. You’ll learn what to say when • coworkers push their work on you—then take credit for it • you accidentally trash-talk someone in an email then hit “reply all” • you’re being micromanaged—or not being managed at all • you catch a colleague in a lie • your boss seems unhappy with your work • your cubemate’s loud speakerphone is making you homicidal • you got drunk at the holiday party Praise for Ask a Manager “A must-read for anyone who works . . . [Alison Green’s] advice boils down to the idea that you should be professional (even when others are not) and that communicating in a straightforward manner with candor and kindness will get you far, no matter where you work.”—Booklist (starred review) “The author’s friendly, warm, no-nonsense writing is a pleasure to read, and her advice can be widely applied to relationships in all areas of readers’ lives. Ideal for anyone new to the job market or new to management, or anyone hoping to improve their work experience.”—Library Journal (starred review) “I am a huge fan of Alison Green’s Ask a Manager column. This book is even better. It teaches us how to deal with many of the most vexing big and little problems in our workplaces—and to do so with grace, confidence, and a sense of humor.”—Robert Sutton, Stanford professor and author of The No Asshole Rule and The Asshole Survival Guide “Ask a Manager is the ultimate playbook for navigating the traditional workforce in a diplomatic but firm way.”—Erin Lowry, author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together |
| benefits of hiring a property management company: Perfect Phrases for Landlords and Property Managers John A. Yoegel, 2008-10-12 Perfect Phrases for Landlords and Property Managers arms readers with quick and easy phrases to deal with the countless challenges, decisions, and day-to-day responsibilities of being a landlord or property manager. it offers practical, need-to-know advice on everything from dealing with tenants and co-op boards to developing and executing a management plan. Each chapter includes several key principles and advice on the topic and provide hundreds of ready-to-use phrases for readers to go to no matter what the situation. |
| benefits of hiring a property management company: 50 Real Estate Investing Calculations Michael Lantrip, 2018-01-13 When Real Estate Investors say, I wish I'd known that, this is what they are talking about. Real Estate Investing Calculations are the Rules of Real Estate Investing, and you must know the rules. Real Estate Investing offers you four huge benefits that other forms of investing do not. *Cash Flow. *Asset Appreciation. *Financial Leverage. *Special Tax Treatment. But your success will depend on how well you estimate these items before you purchase a property, and how well you manage them after you purchase. A basic rule of Business Management is In order to manage, you must first measure. And that's the purpose of 50 Real Estate Investing Calculations. This book teaches you how to generate these numbers yourself, and explains their meanings. These Calculations are the tools of your trade. |
| benefits of hiring a property management company: Real Estate Investing David R Ely, 2024-05-14 This book equips you with the knowledge and strategies to navigate the exciting world of real estate investing. Part 1: Building Your Investment Foundation Chapter 1: Introduction to Real Estate Investing:Unveils the potential of real estate for wealth creation and discusses the inherent risks. Explores various investment strategies like rental properties, fix-and-flap projects, and REITs. Explains how real estate can diversify and strengthen your overall investment portfolio. Chapter 2: Financing Your Investments:Demystifies traditional mortgage options like FHA loans and conventional loans with their eligibility requirements. Guides you on down payment strategies and explores alternative financing options like hard money loans and government programs. Introduces creative financing techniques like the subject-to strategy. Chapter 3: Understanding Investment Returns:Deep dives into rental income, explaining how to estimate potential rental income for a property and analyzes the associated expenses (vacancy, repairs, maintenance). Explains property appreciation, the factors influencing it (market trends, location, property type), and strategies to maximize it (value-add renovations). Equips you with the tools to calculate cash flow and return on investment (ROI). Chapter 4: The Power of Property Research:Emphasizes the importance of market analysis, teaching you to research local trends (rental rates, vacancy rates, sales data) and identify high-growth and stable neighborhoods. Introduces property valuation techniques like comparative market analysis (comps), and explains how to understand property tax implications and estimate renovation costs and potential returns. Part 2: Putting Your Knowledge into Action Chapter 5: Finding Investment-worthy Properties:Equips you with resources for finding deals, including online real estate platforms, real estate agents specializing in investment properties, and building relationships with wholesalers and private sellers. Chapter 6: The Art of the Deal:Teaches you to craft competitive offers and equips you with negotiation strategies to secure properties at favorable terms. Chapter 7: Managing Your Investment Property:Provides a guide for screening tenants, managing tenant relationships, and handling basic property maintenance and repairs. Discusses the option of hiring a property management company, including considerations and associated costs. Chapter 8: Building Your Real Estate Portfolio:Offers strategies for scaling your investments across property types and locations, fostering long-term wealth building through real estate. Part 3: Resources and Next Steps Chapter 9: Resources for Real Estate Investors:Connects you with valuable resources like recommended books, websites, online tools, real estate investor associations, communities, mentors, and coaches. Chapter 10: Conclusion: Building a Secure Financial Future with Real Estate:Summarizes key takeaways and emphasizes the importance of continuous learning and adapting to market changes. Offers a final word of encouragement for aspiring real estate investors, motivating them to embark on this rewarding journey. Addendum: Glossary of Real Estate Terms: Defines commonly used real estate terms for clear understanding. Sample Investment Property Analysis Template: Provides a tool to analyze potential investment properties and make informed decisions. This book empowers you to take charge of your financial future through the strategic use of real estate investing. By following the guidance and utilizing the resources provided, you can gain the knowledge and confidence to navigate the real estate market and achieve your investment goals. |
| benefits of hiring a property management company: The Book on Managing Rental Properties Brandon Turner, Heather Turner, 2015-10-28 No matter how great you are at finding good rental property deals, you could lose everything if you don't manage your properties correctly! But being a landlord doesn't have to mean middle-of-the-night phone calls, costly evictions, or daily frustrations with ungrateful tenants. Being a landlord can actually be fun IF you do it right. That's why Brandon and Heather Turner put together this comprehensive book that will change the way you think of being a landlord forever. Written with both new and experienced landlords in mind, The Book on Managing Rental Properties takes you on an insider tour of the Turners' management business, so you can discover exactly how they've been able to maximize their profit, minimize their stress, and have a blast doing it! Inside, you'll discover: - The subtle mindset shift that will increase your chance at success 100x! - Low-cost strategies for attracting the best tenants who won't rip you off. - 7 tenant types we'll NEVER rent to--and that you shouldn't either! - 19 provisions that your rental lease should have to protect YOU. - Practical tips on training your tenant to pay on time and stay long term. - How to take the pain and stress out of your bookkeeping and taxes. - And much more! |
| benefits of hiring a property management company: Rental Property Investing for Beginners David Harris, The most sought out assets that wealthy hold onto are scarce, in-demand rental properties that are positive cash-flow machines. Your real estate empire starts today! It's no surprise that most millionaires in North America are owners of real estate. Property has significant advantages over other investment vehicles such as stocks or actively-managed businesses such as tax benefits, leverage, cash-flow, and so much more. It can be a pain to know where to start and what kind of real estate to begin looking at to get yourself ahead in your financial life. This audio program aims to address the biggest mistakes most beginners make and also the most proven strategies wealthy people have used to create a rental property empire. In this book, you will discover... -The different types of real estate and how to choose one over another -Buying strategies -Analyzing your investments -Day to day operations -Dealing with tenants -Dealing with contractors -And so much more... |
| benefits of hiring a property management company: Model Rules of Professional Conduct American Bar Association. House of Delegates, Center for Professional Responsibility (American Bar Association), 2007 The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts. |
| benefits of hiring a property management company: Property Management Kit For Dummies Robert S. Griswold, 2021-11-16 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. |
| benefits of hiring a property management company: Giftology John Ruhlin, 2016-06-20 Does it feel like you work in a red ocean filled with sharks? Eat or be eaten. Fierce competition. Continual battling over scarce resources. What if there was another path? What if you could create your own blue oasis where profits are higher, marketing is as natural as breathing, and competition is nearly nonexistent? This nirvana can be a reality when you practice the principles of Giftology. In this unusual un-marketing resource you'll discover... *Why Giftology isn't an expense...it's an investment that can pay off with huge dividends. *How to practice Giftology on a tight budget... it's easy and very effective. *How Giftology turns existing clients into your best salespeople. *Why (and how) gifts with a relatively low value can trump something expensive. *When is the best time to send gifts? (The answer may surprise you.) *How to unleash a Referral Factory, a small army of influencers vouching for you--no gimmicks, no catches. *Find out how Giftology can transform your supply chain. *The ten worst gifts... definitely avoid these. (This info's available in the expanded bonus resource. Just click the link inside! It's my gift to you.) The average person is hit with at least thirty thousand messages a day, courtesy of that red ocean filled with sharks. Giftology neutralizes that deadly philosophy and equips you with every tool you need to make your message a priority. Every time. Get your copy today! |
| benefits of hiring a property management company: How to Plan Your Way to Success Fenol E., Prea Zwarych, 2017-03-15 How to Plan Your Way to Success is packed with practical steps, significant information, and relevant questions to ask yourself when planning your life, business, financial, and health and wellness goals. In How to Plan Your Way to Success, you will find the following: Strategies to help you identify your life goals and create action plans for how to achieve them Ways to help you stay focused on achieving your goals, including how to prioritize your goals Guidelines to help you identify obstacles in your path that may be hindering you from working toward your goals and methods to help you plan ways to overcome those obstacles Guidance to help you plan and take action on implementing your business ideas How to plan your finances and daily spending so that you can achieve your financial goals Strategies on how to increase your income and build your wealth The best types of investments to invest your money in How to successfully buy and invest in real estate Ways to plan and improve your physical, mental, and spiritual well-being How to Plan Your Way to Success is incredible. Its basically a platform for everyone, whether you take in $20,000/year or $150,000/year. If I had that book five years ago, I would be in a better place now. This is definitely a book that one would want to own. Its very easy to read, and its straightforward (Jamar Dixon, professional soccer player, Team Canada). Whether one is fumbling around with creative ideas or halfway through establishing a company, this book helps make things happen in ways that anyone can follow. It helps bring ideas to life and makes it easier to achieve whatever goals and dreams one has. How to Plan Your Way to Success is full of knowledge, guidance, and true facts that are needed to harness our true passions (Meghan OBrien, CEO, 1840 Creative House). This is needed all over the world. I love planning goals myself (Allen Seto, real estate investor, engineer). |
| benefits of hiring a property management company: Adventures in Mobile Homes Rachel Hernandez, 2012-03-01 Hernandez, a.k.a. Mobile Home Gurl, shares stories and adventures based on her own experiences in mobile home investingNthe obstacles, the struggles, and eventually the triumphs. |
| benefits of hiring a property management company: The Unofficial Guide to Managing Rental Property Melissa Prandi, MPM, 2005-01-21 The inside scoop . . .for when you want more than the official line So you've decided to invest in real estate--congratulations!--but now you need to know how you can best manage your property and maximize your profit. How much should you spend on renovations? Where will you find responsible tenants? And how can you keep on top of new government regulations? The Unofficial Guide? to Managing Rental Property answers these questions and many more, giving you insider guidance and valuable tips on managing and profiting from your investments. You'll find savvy advice on everything from legally setting rental criteria and managing properties part-time to successfully evicting delinquent tenants and collecting damages. This comprehensive, easy-to-follow guide reveals what other sources can't or won't, presenting unbiased recommendations to help you get the most out of your investments--and enjoy them! * Vital Information on finding and financing great rental property and calculating rent and profit. * Insider Secrets on selecting and retaining good tenants, ensuring on-time rent, and collecting late rent. * Money-Saving Tips for rehabbing a property and obtaining good tax advice. * The Latest Trends in writing legal, effective ads and interviewing and screening applicants to avoid potential problems. * Handy Forms and Letters for contracting new tenants and communicating with current occupants. |
| benefits of hiring a property management company: Every Landlord's Legal Guide Marcia Stewart, Janet Portman, Ann O’Connell, 2022-05-31 The legal forms and state rules every landlord and property manager needs To keep up with the law and make money as a residential landlord, you need a guide you can trust: Every Landlord's Legal Guide. From move-in to move-out, here’s help with legal, financial, and day-to-day issues. You’ll avoid hassles and headaches―not to mention legal fees and lawsuits. Use this top-selling book to: screen and choose tenants prepare leases and rental agreements avoid discrimination, invasion of privacy, personal injury, and other lawsuits hire a property manager keep up with repairs and maintenance make security deposit deductions handle broken leases learn how to terminate a tenancy for nonpayment of rent or other lease violations restrict tenants from renting their place on Airbnb, and deal with bedbugs, mold, and lead hazards. The 16th edition is completely revised to provide your state’s current laws, covering deposits, rent, entry, termination, late rent notices, and more. Comes With Access to Free Downloadable Forms: includes access to more than 30 essential legal forms including a lease and rental agreement, rental application, notice of entry, tenant repair request, security deposit itemization, property manager agreement, and more. IMPORTANT NOTE: You DO NOT have to pay more to use the downloadable forms—please see Appendix B in the book for the link to and instructions for using the downloadable forms that come with the book. |
| benefits of hiring a property management company: The California Landlord's Law Book Nils Rosenquest, Janet Portman, 2021-05-25 No resource, in print or online, gives such detailed and practical information to California landlords and property managers who are subject to a large number of detailed state, local, and federal laws and regulations. The 40+ forms are designed for every common situation from tenancy terminations to notices to enter to required disclosures—all of which are subject to legal requirements includes new information on state-wide rent control and responses to eviction moratoriums during the Covid-19 pandemic. |
| benefits of hiring a property management company: Importance of Property Management Christian Radzio, 2016 |
| benefits of hiring a property management company: The Tax and Legal Playbook Mark J. Kohler, 2019-07-23 The Tax Rules Have Changed. Your Business Should, Too. The Tax Cut and Jobs Act of 2017 marks the biggest tax reform in more than 30 years. The changes to the tax code are complex (especially for the small-business owner), but you don't have to go it alone. CPA and Attorney Mark J. Kohler delivers a comprehensive analysis of the new tax and legal structure you desperately need to help make the new tax law work for you. In this revised edition of The Tax and Legal Playbook, Kohler reveals clear-cut truths about tax and legal planning and delivers a practical, play-by-play guide that helps you build wealth, save on taxes, and protect your assets. Using real-world case studies, tax-savvy tips, game plans, and discussion points, Kohler coaches you through the complexities of the tax game of the small-business owner. You'll also learn how to: Examine your business needs and pick the right business entity for you Build your personal and corporate credit in eight steps Implement affordable asset protection strategies Take advantage of underutilized business tax deductions Pick the right health-care, retirement, and estate plans Bring on partners and investors the right way Plan for your future with self-directed retirement funds Reading from cover to cover or refer to each chapter as needed, you will come away wiser and better equipped to make the best decisions for your business, your family, and yourself. |
| benefits of hiring a property management company: The Accidental Landlord Danielle Babb, Danielle Babb, PhD, MBA, 2008-10 Don't feel like selling your house for less than you paid for it? Need to move but can't because you're unable to find a buyer for your home? Join one of the fastest-growing groups this side of the real estate bubble-the accidental landlord. The low interest rates and double-digit appreciation in the housing market a few years ago have given way to declining home prices, higher rates, more foreclosures, and higher credit standards. Homeowners who need to relocate or want to move are finding it impossible to do so without taking a loss. Many are considering renting their homes until the market rebounds, and this book is for them. The Accidental Landlordhelps readers determine if renting is a viable option, and if it is, how to go about the process of being a landlord until it makes sense to sell. In it, readers will learn how to- Determine if it makes financial sense to rent Assess whether or not they have what it takes to be a landlord Decide between the various rental options available Explore different types of rental agreements and decide which is best Prepare the home to be rented Decide if it makes sense to work with a property management company Identify potential renters and market the property Evaluate prospective tenants Collect rent, pay taxes, and change insurance coverage Manage the property and tenants Deal with problems that surface Decide when it's time to sell |
| benefits of hiring a property management company: Earn Huge Returns from Property Investments Alex Lee, 2016-04-16 This book is about A Comprehensive Guide on how to earn Huge Returns from Property Investments irrespective of the size of your bank account and irrespective of whether you have any experience in this field. This book is dedicated to all the people who want to invest in Real Estate for a minimum of 10% Return on Investment (ROI). From this book, you will find out the reasons to get in the Real Estate Business, Types of properties you can buy, Importance of inspecting the property and property management, Costs involved in real estate investments, Taking a loan to buy investment properties, Buying properties on lease, Why investing in foreclosed properties is a good option, Investing to sell or rent-out, Benefits of buying investment properties, Real estate investor tax implications and tax deductions for landlords on rental properties, Different ways you can earn ROI on your investment property, Tips to make your investment property look perfect and to lower land lording risks, Mistakes every real estate investor should avoid, Earning great returns through effective marketing and Managing real estate risks. |
| benefits of hiring a property management company: How to Create Lifetime CashFlow Through Multifamily Properties Rod Khleif, 2019-05-10 This book is the essential textbook for aspiring and experienced multifamily real estate investors. It carefully outlines why the rules of real estate investing have changed forever. Rod Khleif, host of the top-ranked real estate podcast on iTunes, Lifetime Cash Flow Through Real Estate Investing. Rod chronicles his personal stories of incredible success and equally spectacular failures and the invaluable lessons he learned from his experiences. The book offers a soup-to-nuts, step-by-step approach to the exciting and lucrative business of multifamily real estate investing. |
| benefits of hiring a property management company: Investing in Rent-to-Own Property Mark Loeffler, 2010-07-15 Investing in Rent-to-Own Property is the distillation of years of investment experience in real estate. It is a both strategy and a system, which provides stable, proven returns for the investor. On the flip side of the coin, the homebuyer is provided a house that fits their needs and budget. Why should an investor have rent-to-own as part of his or her investment portfolio? This book lays out in clear detail the benefits of rent-to-own and how to get started with a rent-to-own strategy. Loaded with tips and case studies, here are the core components of the system: How to identify properties How to carry out due diligence Smart financing strategies How to market your system and attract interested tenants-homebuyers How to identify and choose tenants-homebuyers The rent-to-own contract Obligations of the investor to the tenant-homebuyer Obligations of the tenant-homebuyer to the investor The team of experts: agent, lawyer, lender, home inspector, accountant Exit strategies There are many singles and couples who for a variety of reasons opt for a rent-to-own opportunity. For some it's an opportunity to check out a location for a couple of years so that they're certain it's the house and neighborhood they want for the long-term; for others it's the desire to own a home but need to grow their down payment-having a nice home while they save is a terrific option. The expertise of the investor in identifying the right property and providing the right financing is another significant aspect for the tenant-homebuyer. The benefits for the investor are many: a solid property in an area where the fundamentals are strong; great tenants who respect the property; a profitable investment even with a downturn in the market. Investing in Rent-to-Own Property is the quintessential tool for investors who have yet to take advantage of a proven money-maker or for those investors who want the benefit of a proven system to build their portfolio. |
| benefits of hiring a property management company: Property Management For Dummies Griswold, 2011-03-16 You'll need to wear many hats in the business of property management: advertiser/promoter (in seeking tenants), host (in showing your property), handyman (in keeping up with and arranging repairs), bookkeeper (in maintaining records), and even counselor (in dealing with tenants and their problems). But Property Management For Dummies will help you maintain your sense of humor – and your sanity – as you deal with these challenges and more. You may become an unintentional property owner – someone who inherited a house from a relative and didn't want it to sit idle, or someone who transferred to a job in another city and decided to rent your home rather than sell it – or you may have entered the world of property ownership intentionally. Either way, real estate offers one of the best opportunities to develop a steady stream of residual income. Property Management For Dummies is organized by specific topic areas, so you can easily and quickly scan a topic that interests you, or you can troubleshoot the source of your latest major headache. You'll discover how to Evaluate your skills and personality to see whether you have what it takes to be a landlord Keep your units occupied with paying tenants who don't destroy your property Move in your new tenants and move them out – and everything in between Assemble the right team of professionals to help you, from employees to contractors Insure your property and understand the taxes that go with it Look for additional sources of income beyond rent, including the opportunities and pitfalls of lease options While many of life's lessons can be uncovered by trial and error, property management shouldn't be one of them – the mistakes are too costly and the legal ramifications too severe. In this book, you'll find proven strategies to make rental property ownership and management not only profitable but pleasant as well. |
| benefits of hiring a property management company: First-Time Landlord Janet Portman, Ilona Bray, Marcia Stewart, 2020-09-29 The 101 on earning rental income from a single-family homeDo you own a house youd like to rent out rather than sell? Its a common scenario in todays market, especially if youve inherited a house, are moving to another home, or are buying an investment property. And it may mean youre about to be a first-time landlord. Follow the advice in this book to ease into your new role and earn substantial profits while avoiding costly mistakes. Learn your legal obligations. Estimate costs and profits. Choose good tenants and avoid problem ones. Make the most of valuable tax deductions. Handle repairs and property management tasks. The 5th edition is updated to cover major legal changes, in particular how the Tax Cuts and Jobs Act created pass-through deductions that can benefit landlords. Includes sample forms and budget worksheets. |
| benefits of hiring a property management company: Real Estate Riches Dolf de Roos, 2012-06-29 An all-time bestseller, Dolf de Roos?s classic Real Estate Riches shows you how to find great deals and make great profits in the real estate market. You?ll learn why real estate is such a reliable moneymaker and how to achieve the biggest return possible on your investment. Full of time-honored wisdom, proven tactics, and quick-and-easy tips, this book shows you how to find the best properties with the most potential, analyze deals, negotiate and submit offers, effectively manage properties, and dramatically increase the value of your real estate without spending much money. If you want to be your own boss and quit the nine-to-five life, Real Estate Riches shows you how. |
| benefits of hiring a property management company: Real Estate Investing For Dummies Eric Tyson, Robert S. Griswold, 2019-10-01 Make real estate part of your investing strategy Do you want to get involved in real estate investing, but aren't quite sure where to start? This is your go-to resource for making sense of the subject. Written by industry experts Eric Tyson and Robert Griswold, this new edition of Real Estate Investing For Dummies offers timely, proven, practical, and actionable advice to overcome the challenges of the market and keep yourself one step ahead of the competition. With the help of this straightforward and time-tested information, you'll get the know-how to wisely and confidently make smart, sound, and informed real estate investing decisions that will reap big rewards. Highlights include: The Tax Reform and Jobs Act bill that took effect in 2018 The best types of investment properties for different types of investors NNN (triple nets) investments and REITs/TICs Tech applications to support property management operations and accounting A step-by-step primer for preparing to buy, identifying the property, due diligence, closing the transaction, leasing the property and ongoing operations and property management. There’s no time like the present to jump into the real estate market—as first-time investors or experienced investors who want to brush up on the changes that have occurred in the market. |
| benefits of hiring a property management company: Hiring Independent Contractors Stephen Fishman, 1997 The rules about who qualifies as an independent contractor are complicated and misclassification can result in severe fines and penalties from the IRS and other government agencies. Written by an attorney, this guide explains all the latest IRS rules in plain English, shows how to take advantage of the many financial benefits of hiring independent contractors, and provides independent contractor agreements as tear-outs and on disk. Illus. |
| benefits of hiring a property management company: Retire Rich with Rentals Kathy Fettke, 2014-11-04 Many baby boomers and working professionals dream of a comfortable (or even early) retirement, but have found most investment choices to be too time-consuming, too risky, or providing too meager of a return. In Retire Rich from Rentals, professional real estate investor Kathy Fettke will show you how to fund your retirement on passive income from real estate.Cash flow IS possible! By following Kathy's process for choosing markets, finding deals, and restructuring your portfolio, you can grow your passive income - without toilets, tenants, or getting your hands dirty.In Retire Rich from Rentals, you will learn: * Why real state is the highest leverage investment strategy * Little known strategies for growing your retirement funds faster by deferring taxes * Hands-free and stress-free property management * How to build a $1,000,000+ real estate portfolioRetire Rich from Rentals is a step-by-step plan for building and securing your wealth so you have money and the freedom to live life on your own terms!We invested in 6 properties so far, and the income pays for two kids in college. Once they are out of college, it will convert to retirement income. ~Stehpanie HahnIf you wish to maximize your leverage, use other people's money, and work with the best, become a Real Wealth Network member, and create lifelong wealth. ~Kathy StewartNow all I do is wait for my monthly e-mails regarding my online property management statements and double check my bank accounts to confirm the cash flow. Thank you very much! I am now on the hunt for additional investment opportunities. ~Ben Shatto |
| benefits of hiring a property management company: Property Management Kit For Dummies® Robert S. Griswold, 2009-03-03 Thinking about becoming a landlord? Property Management Kit For Dummies, 2nd 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 taxes Complete 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, 2nd Edition will help you achieve your dream of being a successful rental property owner. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file. |
| benefits of hiring a property management company: Open for Business: The Insider's Guide to Leasing Commercial Real Estate Tyler Cauble, 2018-01-22 For too long, commercial real estate expert Tyler Cauble has witnessed the damage caused by small business owners not knowing all the facts before signing a lease. He's working to change that. In this book, Tyler guides you through everything you need to know before renting commercial space. Whether you're looking for a new storefront, a location for your thriving business, or simply need to get out of the garage, Open for Business will show you how to determine space requirements, select a location, and negotiate your lease. If you don't want to do it on your own, Tyler shares how to find a broker who can help you-and save you money! Open for Business will demystify leasing commercial real estate and empower you to make the best decisions for your growing business. |
| benefits of hiring a property management company: Instant Intelligence Bronx, 2009-12 This book does exactly what it says on the cover. Impress your friends, family and colleagues with your new found knowledge on a wide variety of topics. Suitable for anyone of any age, you can pick up this book and read a little or a lot any time, any place, anywhere. Hope you will have as much fun reading this as I did researching and writing it. |
| benefits of hiring a property management company: Homestead Economics Barrett Williams, 2023-04-18 Are you tired of living the city life, stuck in the rat race with no real escape plan in sight? Do you dream of living off the land, raising your own livestock, and growing your own crops? Homesteading may be the perfect solution for you! In our new eBook, Homestead Economics, we provide you with a comprehensive guide on how to turn your homesteading dreams into a profitable reality. Our expert authors have years of experience in homesteading, and they share with you their insights and secrets for creating a sustainable homestead that pays itself off in little time. With 20 chapters of well-researched and actionable advice, you'll learn everything you need to know about the financial side of homesteading. Chapters cover topics such as evaluating the cost of homesteading, creating a budget, and finding the right property to invest in. Learn how to monetize your homesteading efforts with chapters on investing in livestock, growing crops for profit, and marketing your homestead products. Want to take it a step further and build an investment portfolio? We've got you covered with a chapter specifically on building your homestead investment portfolio. But we don't just stop at the financial benefits of homesteading. We also address the risks and challenges of homesteading, including tax considerations and estate planning. We want to ensure that your homesteading journey is not only financially sound but also sustainable for generations to come. Whether you're a novice or a seasoned homesteader, Homestead Economics is a must-have guide for those looking to make their homesteading dreams a profitable reality. Don't wait any longer to start living the sustainable and fulfilling life you deserve. Get your copy of Homestead Economics today and take the first step towards financial freedom. |
| benefits of hiring a property management company: Passive Income for Beginners & Dummies Giovanni Rigters, Passive Income Ideas - You have a deep desire to become financially independent and live the life you deserve. Maybe you’ve read about it countless times online. Maybe you’ve heard of countless people having a lot of success and freedom. Maybe you even know of a few people who are already thriving in generating passive income. You know you want the same level of success that other people have had. The problem is, you just don’t know how to get started and get it done. Perhaps you’ve dreamt of having a supplementary source of income to take care of your family. Maybe you want to have more money for retirement or life the life you deserve. Maybe you just want to have the means to go on vacation and have more free time. Or maybe you just want to get a good start in the world of business before you quit your job. Whatever your reasons, I promise you generating passive income is a worthy and attainable goal. |
| benefits of hiring a property management company: A Guide to Getting Started with Property investments StoryBuddiesPlay, 2024-09-10 Real Estate Investing: A Guide to Getting Started with Property Investments is your comprehensive resource for navigating the world of real estate. Whether you're a beginner or an experienced investor, this guide provides valuable insights into various investment strategies, financing options, property management, and market analysis. Learn how to build a diversified portfolio, understand legal and tax implications, and leverage technology to enhance your investment journey. With real-world case studies and actionable tips, you'll be equipped to make informed decisions and achieve your financial goals in the dynamic real estate market. real estate investing, property management, investment strategies, market analysis, financing options, passive income, real estate portfolio, legal considerations, tax benefits, technology in real estate |
| benefits of hiring a property management company: DAMA-DMBOK Dama International, 2017 Defining a set of guiding principles for data management and describing how these principles can be applied within data management functional areas; Providing a functional framework for the implementation of enterprise data management practices; including widely adopted practices, methods and techniques, functions, roles, deliverables and metrics; Establishing a common vocabulary for data management concepts and serving as the basis for best practices for data management professionals. DAMA-DMBOK2 provides data management and IT professionals, executives, knowledge workers, educators, and researchers with a framework to manage their data and mature their information infrastructure, based on these principles: Data is an asset with unique properties; The value of data can be and should be expressed in economic terms; Managing data means managing the quality of data; It takes metadata to manage data; It takes planning to manage data; Data management is cross-functional and requires a range of skills and expertise; Data management requires an enterprise perspective; Data management must account for a range of perspectives; Data management is data lifecycle management; Different types of data have different lifecycle requirements; Managing data includes managing risks associated with data; Data management requirements must drive information technology decisions; Effective data management requires leadership commitment. |
| benefits of hiring a property management company: Occupational Outlook Handbook , 1992 Describes 250 occupations which cover approximately 107 million jobs. |
| benefits of hiring a property management company: Bulletin of the United States Bureau of Labor Statistics , 1990 |
| benefits of hiring a property management company: Ability for Hire , 1996 |
| benefits of hiring a property management company: Protecting Apartments, Condominiums, and Gated Communities Michael A. Silva, CPP, CSC, Protecting Apartments, Condominiums, and Gated Communities is a guide for owners and managers of multifamily properties. This book offers comprehensive advice on assessing the security risks at your property and in the planning and implementation of an effective security program. Chapters within the book explain the basic concepts for good security, the types of physical and electronic security systems that can be used to protect a property, and the strategies that can be used to successfully secure areas both inside and outside of the property. Protecting Apartments, Condominiums, and Gated Communities also discusses the operational aspects of managing a security program including the development of security policies and procedures, providing security training for residents and staff, using security officers, and procuring various types of security products and services. This book provides an unbiased source of advice to people who have responsibility for managing security at a multifamily property. This can range from a private owner who manages a small apartment building, to a regional property manager who has a portfolio of hundreds of properties throughout the country. This book is especially useful to Homeowner’s Association (HOA) Board Members who have little or no previous security experience, but must make decisions on how security problems at their property can be solved. |
Social Security Retirement Insurance Benefits
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The Benefit Finder is a free, easy-to-use, confidential screening tool that helps determine eligibility for over 1,000 benefits. After completing the Benefit Finder questionnaire, you will be provided …
Social Security Retirement Insurance Benefits
This Social Security benefit is for eligible individuals who have earned enough Social Security credits and are at least age 62. Determine your eligibility for this benefit
State Crime Victims Compensation - Benefits.gov
The .gov means it's official Federal government websites always use a .gov or .mil domain. Before sharing sensitive information online, make sure you’re on a .gov or .mil site by …
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Welcome to Benefits.gov | Benefits.Gov
The Benefit Finder questionnaire can help you find benefits you may be eligible to receive and direct you to the agency to apply. Start Benefit Finder
Programa de Ayuda Individual y Familiar (IHP) - Benefits.gov
Este sitio también está protegido por un certificado SSL (Secure Sockets Layer) que ha sido firmado por el gobierno de EE.UU. El https: // significa que todos los datos transmitidos están …
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Benefits.gov ofrece varias formas de buscar beneficios. Haga clic en la pestaña “Beneficios” y busque por categoría, estado o agencia federal para encontrar rápidamente los beneficios del …
Social Security Disabled Surviving Divorced Spouse Benefits
Social Security's Disabled Surviving Divorced Spouse's Benefits are federally funded and administered by the U.S. Social Security Administration (SSA). These benefits are paid to the …
Guía a Benefits.gov para las Familias
Benefits.gov puede ayudarle a saber cuáles beneficios usted pudiera recibir en caso de ser elegible y cómo solicitarlos. ¿Cómo puede ayudarle Benefits.gov? Usted trabaja duro y aun …
Celebrating Our Armed Forces - Benefits.gov
The Benefit Finder is a free, easy-to-use, confidential screening tool that helps determine eligibility for over 1,000 benefits. After completing the Benefit Finder questionnaire, you will be provided …
