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As appealing and lucrative as property ownership can be, it isn’t an occupation to be learned through trial and error. It’s essential property owners understand all the ins and outs—legally and financially—for their own welfare as well as their tenants. Streetwise® Landlording and Property Management addresses all aspects of the business, from the practical to the strategic.

Decide If Property Management Is Right for You

Property management is a 24/7 job with high risks as well as rewards. Streetwise® Landlording and Property Management helps you assess whether or not you’re cut out for the job.

·Do you have the right personality for managing property?

·What are the pros and cons of buying and managing property?

·How do you determine the possible investment risks?

·What does it take to buy and sell real estate?

How to Be a Good Landlord

Landlording demands equal parts business and people savvy. Streetwise® Landording and Property Management gives insights from expert authors who have firsthand experience.

·Dealing with all types of tenants

·Handling maintenance emergencies

·Managing multiple properties

Protect Your Investments

There is always concern that something may go wrong. Streetwise® Landlording and roperty Management shows you ways of protecting your investments and preventing any major catastrophes, including:

·What type of insurance you may need

·How to financially structure your business

·How to find a good accountant, lawyer, and financial advisor

Handle the Details with Ease

There are dozens of tax, legal, and financial issues that you will have to deal with when you own property. Streetwise® Landlording and Property Management outlines the most efficient ways to deal with all of these issues.

·Local, state, and federal taxes

·Handling city ordinances

·Leases and contracts

·How to apply for a loan

作者简介

Mark B. Weiss, C.C.I.M., is the president of Mark B. Weiss Real Estate Brokerage, Inc., which he founded in 1988. His firm is a leader in sale of commercial and investment property for private owners, financial institutions, and corporations and trusts. A graduate of DePaul University, Mr. Weiss holds many affiliations, including: Director of the Chicago Association of Realtors, and Chairman of the Commercial Investment Committee. He is also a member of the National Association of Realtors, the Realtor’s National Marketing Institute, and the Real Estate Investment Association. Mr. Weiss often appears on local television programs as a real estate expert for interviews and panel discussions.

Dan Baldwin is a full-time professional writer. Baldwin’s has coauthored Sales Prospecting for Dummies and Sell It Now, Sell It Today.

Acknowledgements

Introduction

PART I:IS PROPERTY MANAGEMENT RIGHT FOR YOU?

CHAPTER 1 Do You Have What It Take?

CHAPTER 2 The Pros and Cons of Being a Landlord

PART II:WHAT YOU NEED TO KNOW TO GET STARTED

CHAPTER 3 Your Financial Options

CHAPTER 4 How to Form an Investment Group

CHAPTER 5 Potential Investment Risks

CHAPTER 6 Do Your Research

CHAPTER 7 Prepare to Make Your Purchase

CHAPTER 8 Know How to Sell Real Estate

PART III:THE INS AND OUTS OF MANAGING PROPERTY

CHAPTER 9 Managing Residential Property

CHAPTER 10 Managing Land for Development

CHAPTER 11 Managing Commercial Property

CHAPTER 12 Be Aware of Special Opportunities

CHAPTER 13 Finding Good Tenants

CHAPTER 14 Working with Tenants

CHAPTER 15 When Tenants Cause Problems

PART IV:ENLISTING PROFESSIONAL HELP

CHAPTER 16 Find a Good Lawyer

CHAPTER 17 Find a Good Accountant

CHAPTER 18 Find a Good Financial Advisor

PART V:OTHER ISSUES TO CONSIDER

CHAPTER 19 Insurance Matters

CHAPTER 20 Worring about Taxes

CHAPTER 21 Legal Concerns

CHAPTER 22 Contracts:Reading the Fine Print

CHAPTER 23 Banking and Finacial Issues

CHAPTER 24 Advertising and Public Relations

APPENDIX A

APPENDIX B

APPENDIX C

APPENDIX D

Index

About the Author

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