“The Unofficial Guide to Managing Rental Property”
by Melissa Prandi, M.P.M.
WOW. I was excited about this book right from the start. I mean the author is a Master Property Manager (M.P.M.) with over 22 years of experience and a past national president of the National Association of Residential Property Managers (NARPM). The cover even boasts “For When You Want More Than the Official Line”, I’m hooked, tell me more!
This book is great for newbies who are either looking to get into the rental property management business or for small time rental property managers looking to either grow their business or just to get more organized with their business. It’s filled with tons of great general information about managing rental property. It has a bit of everything from deciding whether or not to get into rental property management to finding tenants, problems with tenants, maintenance and upgrades, and even investing and growing your property portfolio. For those who get scared off by the amount of work involved in being a rental property manager, or just don’t know if it’s the right choice for them, there is a chapter dedicated to finding and hiring a rental property management company. This section is conveniently located at the end of the book. Coincidence?
Throughout the book there are highlighted sections or tidbits of information listed as bright ideas, watch out, money savers, and even quotes and experiences from other rental property managers. These sections each have their own little icons which correspond to the type of information provided. Who said this book isn’t fully illustrated?
Also at the end of this book are its appendices. Many rental property management books have various forms and important information (the kind you want to refer back to) scatted throughout the book in its corresponding chapters with only an index to guide you. What was that page again? This book does not have that problem. It has a section for each set of information available for quick reference. It has a great resource directory of websites, a list of other books that they recommend, and a section of important documents. This book does not however have a ton of document examples, but it definitely gives you a place to start.
Overall as an unofficial guide this book hits its mark.
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