Notes

Contemplating the Structure and Content to Create the Best Investors Property Management Book
Lately, I've been working at the idea and content on an Investors' Property Management Book. I've read lots and reviewed a lot more books about the subject. Unfortunately, each of them (that I've identified) end up being books for property management by career property managers. Or on the contrary, the end up focusing on how to produce millions buying rental housing. To me, both cases miss the point. Investors require a property management volume that targets their issues. From my perspective the true secret investor issues are:

Protecting the asset and invested capital,
Maintaining the asset value and condition,
Maximizing equity value,
Minimizing ownership risk for liability, tax, and financing
Maximizing cash flow and income.

I suppose the main reason volumes never have taken this program is in the end the writers have decided that managers' interest must be parallel towards the owner. While I agree in concept, the truth is events tend not to transpire like this. As owners, we should instead consider and plan management around our investment interests instead of allow manager's focuse to undermine this.
Why will a manager diverge from your investors' position? The driving factors are in reality easy. Managers and maintenance staff work on the home everyday. Necessarily, linked with emotions . perceive the residents and realize focus on the view of how the exact property "should" be managed. While anchor is relatively subtle the result is expenses have a tendency to inflate and capital needs and charges rise quickly in line with this variation. Further, an issue around asset value or risk might take a backseat to the interest position unnecessarily placing investors' capital and income in a poor position.
On the other hand, the investor and owner will certaily target protecting the asset first. This means that paying taxes, paying insurance, and making critical capital improvements arrive first. Improvements that maintain or increase occupancy arrive next. Costs that prevent customer turnover and otherwise improve performance will track immediately behind these.
Because from the difference between those two views a volume focusing on these issues could be a real value to the industry especially to investors in the marketplace. Such a book may go far to raise investors capability to realize their income goals, could prevent foreclosures and law suits, could increase asset value increases and purchases results. If geared up, this book will signficantly improve readers capacity to achieve their total investment goals and minimize their investment risks.
My Website: http://www.masonre.com.au/