Knowing how to manage real estate can be a great skill. You can get paid to manage homes, apartments or vacation properties whether you own land or not. Plus, you can learn how to become a property manager using the simple management kit below.
Property Management Kit
Robert S. Griswold has written over 15 books on managing real estate for beginners. For example, mortgage management, legal kits, real estate investing, renting out your property and more.
Property Management for Beginners
This start-up guide provides virtually all of the information you need, from establishing rental properties to handling repairs.
In addition, you learn how to advertise your rentals to prospective tenants and how to choose the best renters. Knowing insider secrets can help you avoid many of the common (and often costly) mistakes made by new entrepreneurs.
Plus, these strategies apply to both single family homes or multi-unit buildings. Therefore, you can grow your portfolio of real estate using the same techniques over and over.
How to Become a Property Manager
Once you acquire the skills to earn income from you real estate rentals, you can also provide your services to others. In other words, you can add another revenue stream, increase your monthly income and manage property for other people.
People who own investment properties don’t usually want to manage it themselves. You can help them set the rent, collect the security deposit and verify tenant applications. Also see how to make a lease agreement.
In addition, managers typically deal with maintenance, cleaning between tenants and building repairs. Therefore, having a network of qualified service people can work to your advantage and make your job easier.
A key trait of successful property managers is their ability to manage their time effectively. This handbook shows you how to do that as well.
Knowing how to make properties look impressive can demand a higher monthly rent and more profits for your clients.
In addition, understanding how to get rid of bad tenants quickly (tips for screening tenants) can help you save your clients money. And yes, you learn this in Robert’s book.
Not to mention, he covers insurance, income taxes and property tax information you need to know. Also check out property management accounting tips. If you have questions about becoming a property manager, this handbook will answer them for you.
Laws vary by state, but if you plan on leasing property or collecting rents for clients, expect to get a real estate license.
A CPM, or certified property manager, is a professional who has acquired an additional level of education. Therefore, they can display this title and often earn more money due to their advances skills and knowledge.
Property Management Basics
The following video webinar covers what to expect when entering the property management field. For instance, manager responsibilities, contracts and paperwork, industry statistics, common questions and more.
For about $20, you can’t beat this real estate property management handbook, especially if you don’t have any experience. Once you learn how to become a property manager and how to manage rental properties, you’ve got a valuable skill you can use for life.