Customer Reviews

Property Management

5 star:		(2)
4 star:		(1)
3 star:		(2)
2 star:		(0)
1 star:		(1)

 

 

This is a good general introduction to the business of property management. This textbook includes chapters on

1. Professional Property Management
2. Property Management Economics and Planning
3. Managing Owner Relations
4. Marketing Management
5. Managing Leases
6. Managing Lease Negotiations
7. Managing Tenant Relations
8. Managing Maintenance and Construction
9. Managing Reports and Insurance
10.Managing the Office
11.Managing Federal and State Laws
12-16. Managing Residential/Specialized/Office/Retail/Industrial Property
17.Managing Life Safety and Environmental Issues

There are chapter questions with elaborated answers in the back of the book to guide your studies and a pretty decent glossary for many of the business-specific terms.

Obviously, as a general course, it is not intended to address ANY topic in great detail and it is unlikely that most readers will find a need to cover the management of such a variety of property types. But this is the starting place.

I have owned and managed rental property and the parts of the book addressing residental property rang true. If you are considering getting into the rental business or property management business, this is a good initial resource.

Took this course a few years ago, and we used this book. It is a good starter book. There are others out there that could be used also, but this one is written at the average persons reading level. It also is good becuase it covers all properties not just apartments or retail etc..

11 September 2010

The book appears to cover the basic points to be made about property management but could contain more critical detail.

It was not purchased for a class but to learn if it had specifics about management of condomimiums and outsourced management companies. It did not mention details about the relationship between the owners, their boards and the management companies such as mandatory audits, fiduciary considerations, education of board members, etc. Typically, the owners/boards abdicate total management to outsourced companies and this should be mentioned and ways of board control and awareness should be mentioned. This alterting could be done in just a few paragraphs.

Other well known books have been consulted. They also fail in this regard.

This book was purchased as a textbook for school. It is very good overview of basic real estate facts and reference, and will help anybody taking the state exam in real estate.

The book should not have been sold. It was not a current copyright product by more than 10 years to the one required for the Real Estate Broker Licensing Requirements for the State of Illinois. No place did Amazon note the copyright date.

Dr. Brad Seaman

This book is good at the summary at the end of each chapter, but some details in the chapter is not cover. For example, like the law requirement in TX. There is mistake in the book on page 9. On the figure1.3, supposed Heavy Manufacturing instead of Industrial Real Estate repeat twice. This book should provide some excerise to work on. For example, like the math problem, let us know how to calculate the formula.