Keep your portfolio close and cushion your cash flow. The Self-Managing Landlord is your roadmap to creating lasting wealth through smart management of your rental properties. As you start and build your real estate investing portfolio, choosing to self-manage your rental properties can save you up to 10 percent of your profit. But being a landlord can be intimidating at best and disastrous at worst--so how do you optimize your business, avoid pitfalls, and set yourself up for profitable and ethical success? Authors Amelia McGee and Grace Gudenkauf, expert real estate investors with 70+ self-managed units combined, understand the balance between time spent and money saved with DIY property management. In this book, you'll learn from their hands-on experience so you can say goodbye to frustrating outsourcing fees and hello to efficient self-management. In this book, you'll learn how to:
- Find Great Tenants: Attract and screen trustworthy tenants to safeguard your investments.
- Operate Ethically: Navigate landlord-tenant laws and understand your legal responsibilities.
- Maximize Profits: Optimize rent pricing, expense management, and cash flow.
- Manage Effortlessly: Use the right tools and software to streamline maintenance and turnover.
- Optimize Taxes: Know your deductions and save on taxes with write-offs for DIU landlords.
- Navigate Tenant Relationships: Foster a productive landlord-tenant relationship and handle challenges smoothly.
- Scale Out of DIY: Build a strategy to someday step out of the self-managing business.
Details
Publish date | May 21, 2024 |
Publisher | Biggerpockets Publishing, LLC |
Format | Paperback |
Pages | 250 |
ISBN | 9781960178213
1960178210 |