If you want a job done well, do it yourself. On the issue of managing your rental property, probably never a truer word has been spoken.
Among the reasons given by landlords choosing to self-manage are:
- A saving of around 10% in management fees
- Dispensing with the payment of letting and statement fees
- Avoiding indirectly paying for some less-than-honourable kickbacks (to real estate agents by tradespeople)
- Being able to select your own tenants, advertise your own property and set the rent yourself.
In this, the follow-up to the successful 'Real Estate Rookie', you'll learn how to make the most of being your own landlord. The advantages are numerous. You'll need to understand some ground rules, though, and the author has compiled a list of 'Top Twelve Ways to Fail as a Property Manager' to signpost the dangers.
As well as vital information on the ethical and legal obligations facing the property manager, this book considers the importance of property maintenance, understanding the taxation laws regarding property, keeping your tenants happy (and renting your property!) and it includes some interesting advice from those already self-managing their rental property.
