Notes

Contemplating the Structure and Content to Create the Best Investors Property Management Book
Lately, I've been working at the idea and content with an Investors' Property Management Book. I've read a number and reviewed much more books about the subject. Unfortunately, each of them (that I've identified) always be books for property management by career property managers. Or to property management Richmond , the final up emphasizing how to make millions buying rental housing. To me, both cases miss the point. Investors have to have 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 cashflow and income.


I think about the major reason volumes haven't taken this system is in the end the writers made our minds up that managers' interest ought to be parallel to the owner. While I agree in concept, the reality is events do not transpire in this way. As owners, we should instead consider and plan management around our investment interests and never allow manager's focuse to undermine this.
Why will a manager diverge in the investors' position? The driving factors are in reality simple. Managers and maintenance staff develop the home everyday. Necessarily, they start to understand the residents and they begin to focus on the view of how the home "should" be managed. While the difference is fairly subtle the effect is expenses have a tendency to inflate and capital needs and expenses rise quickly in accordance with this transformation. Further, an issue around asset value or risk will take a backseat to this particular interest position unnecessarily placing investors' capital and income inside 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 can come next. Costs that prevent customer turnover and otherwise improve performance will observe immediately behind these.
Because of the difference between both of these views a volume emphasizing these complaints is usually a real value on the industry and especially to investors in the industry. Such a book might go far to increase investors capacity to realize their income goals, could prevent foreclosures and lawsuits, could increase asset value increases and purchasers results. If organized, this book will signficantly improve readers capacity to achieve their total investment goals and minimize their investment risks.
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