The Unofficial Guide to Managing Rental Property

  • Paperback: 455 pages
  • Publisher: Wiley (January 28, 2005)
  • Language: English
  • ISBN-10: 0764578189

All the savvy advice and insider guidance needed to maximize ROI

According to the latest data from the U.S. Census Bureau and the U.S. Department of Commerce, 92 percent of the nation’s rental properties are owned by individual investors. These investors oversee billions of dollars worth of real estate every year. Now, The Unofficial Guide to Managing Rental Property will help these investors–most of them first-time landlords with properties of fewer than four units–to manage and profit from their new investments. Featuring sample forms and letters, and packed with valuable tips, this easy-to-follow guide comprehensively covers how to:

  • Find and finance great rental property and calculate rent and profit
  • Invest in rehabbing a property
  • Legally set rental criteria
  • Write legal, effective ads; interview and screen applicants to ensure responsible tenants
  • Find good tax advice and keep on top of new government regulations
  • Successfully evict delinquent tenants, collect damages, and keep the property intact

Melissa Prandi, MPM (San Rafael, CA), has been managing residential rental properties for over 22 years. She is the owner of Prandi Property Management, Inc. She is a past national president for the National Association of Residential Property Managers. Prandi has written and conducts several workshops specifically for property managers and is often called upon to be one of the featured instructors at the annual National Convention of NARPM, as well as a key advisor for the organization’s leadership-training symposium.