Lately, I’ve been working at the idea and content to have an Investors’ Property Management Book. I’ve read lots and reviewed much more books about them. Unfortunately, all of them (that I’ve identified) turn out to be books for property management by career property managers. Or however, the final up centering on how to produce millions buying rental housing. To me, both cases miss the purpose. Investors desire a property management volume that concentrates 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 earnings and income.

I suppose the major reason volumes haven’t taken this product is in the conclusion the writers made our minds up that managers’ interest should be parallel on the owner. While I agree in concept, the truth is events usually do not transpire this way. As owners, we should instead consider and plan management around our investment interests and not allow manager’s focuse to undermine this.

Why will a manager diverge from the investors’ position? The driving factors are in fact straight forward. What to Do With Noisy Lessees and maintenance staff focus on the property everyday. Necessarily, realize understand the residents and they begin to focus on his or her look at how the exact property “should” be managed. While the difference is pretty subtle the effect is expenses have a tendency to inflate and capital needs and expenses rise quickly in accordance with this modification. Further, an issue around asset value or risk will take a backseat to this interest position unnecessarily placing investors’ capital and income in the poor position.

On another hand, the investor and owner will certaily target protecting the asset first. This means that paying taxes, paying insurance, and making critical capital improvements should come first. Improvements that maintain or increase occupancy can come next. Costs that prevent customer turnover and otherwise improve performance will observe immediately behind these.

Because with the difference between these two views a volume emphasizing these issues could be a real value on the industry especially to investors in the marketplace. Such a book may go far to increase investors power to realize their income goals, could prevent foreclosures and lawsuits, could increase asset value increases and sales results. If ready, this book will signficantly improve readers capability to achieve their total investment goals and minimize their investment risks.