Notes

Contemplating the Structure and Content to Create the Best Investors Property Management Book
Lately, I've been working at the idea and content for an Investors' Property Management Book. I've read various and reviewed a lot more books about them. Unfortunately, all of them (that I've identified) become books for property management by career property managers. Or however, the finish up focusing on how to make millions buying rental housing. To me, both cases miss the point. Investors have to have a property management volume that focuses on their issues. From my perspective the main element 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 primary reason volumes have not taken this system is in the conclusion the writers made our minds up that managers' interest ought to be parallel on the owner. While I agree in concept, the truth is events don't transpire this way. As owners, we need to consider and plan management around our investment interests instead of allow manager's focuse to undermine this.
Why will a manager diverge from the investors' position? The driving factors are in reality simple. news and maintenance staff develop the property everyday. Necessarily, linked with emotions . perceive the residents and linked with emotions . focus on his or her look at how the house "should" be managed. While the difference is relatively subtle the consequence is expenses usually inflate and capital needs and costs rise quickly in keeping with this modification. Further, an issue around asset value or risk might take a backseat for this interest position unnecessarily placing investors' capital and income in a poor position.
On another hand, the investor and owner will certaily give attention to protecting the asset first. This means that paying taxes, paying insurance, and making critical capital improvements will come first. Improvements that maintain or increase occupancy can come next. Costs that prevent customer turnover and otherwise improve performance will follow immediately behind these.
Because of the difference between these views a volume focusing on these problems could be a real value for the industry and also to investors in the market. Such a book may go far to boost investors ability to realize their income goals, could prevent foreclosures and legal cases, could increase asset value increases and sales results. If organized, this book will signficantly improve readers capability to achieve their total investment goals and minimize their investment risks.
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