Protecting and Rebuilding Your Retirement: Everything You Need to Do to Secure Your Financial Future [Hardcover]

Les Abromovitz (Author)

Book Description

Publication Date: August 29, 2003

"Making money through real estate investments isn't as simple as buying up property and hoping for the best -- you have to know what you're doing. The fact is, how you manage a property directly affects how profitable it will be. The Property Management Tool Kit goes beyond the basics, giving you all the guidance you need to successfully manage your properties, avoid pitfalls, and make a profit. You'll find out how to: * Add value to your property, including which improvements to make or avoid * Address legal concerns, tenant issues, and administration and maintenance * handle monetary factors such as cash flow, record-keeping, and rent collection * Expand your portfolio and establish financial goals * Hire a team, partner with vendors, and use advertising In addition, you'll find helpful management tools: a market survey; rental criteria; and sample documents and forms, including a rental application, a lease, a guest screening card, rules and regulations, renewals, a vacancy report, a maintenance log, and much more. Practical and informative, this is the one book you need to successfully manage your properties."

Editorial Reviews

Review

"A must-have book and an easy-to-read guide with practical advice for those individuals thinking about retirement or in retirement." -- Louis P. Stanasolovich, CFP, CEO,and President, Legend Financial Advisors, Inc.

"Les Abromovitz's new book should be a valuable resource for those nearning or planning retirement." -- James P.Firman, Ed.D., President and CEO, THe National Council on Aging

Review

"""A must-read for new investors, property management staff, and experienced operators. I expect that universities will use this 'understand the basics' approach in the Property Management programs throughout the country.""

-- William Wollinger, President, National Apartment Association Education Institute; Board of Directors and President/COO, Winn Residential, Boston, MA

“The Property Management Tool Kit is a timeless 'how to' guide that provides the framework for success for the new real estate investor and insightful knowledge for the seasoned veteran. Mike Beirne conveys succinctly how successful property management is about the people as well as the property. He gets both parts right.”

-- Rick A. Snyder, President, R.A. Snyder Properties, San Diego, CA

""A comprehensive look at the ‘multifamily industry’ and a valuable read for novices and seasoned professionals alike.""

-- David L. Legow, Managing Member, Legow Management Company, L.L.C."

See all Editorial Reviews

Product Details

• Reading level: Ages 17 and up
  
• Hardcover: 240 pages
• Publisher: AMACOM (August 29, 2003)
• Language: English
• ISBN-10: 0814471854
• ISBN-13: 978-0814471852
• Product Dimensions: 9.3 x 6.3 x 0.9 inches
• Shipping Weight: 1.1 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #3,997,216 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

5.0 out of 5 stars Basic Primer on Preparing for Retirement, September 5, 2003

By 

L. Masonson (Monroe, New York USA) - See all my reviews
(REAL NAME)   

This review is from: Protecting and Rebuilding Your Retirement: Everything You Need to Do to Secure Your Financial Future (Hardcover)

This book is simply written, easy-to-understand, and provides practical advice for everyone. The author recommends a realistic approach to investing that includes buying a diversified portfolio of index mutual funds. Other topics covered are investing in annuities ? fixed and variable, IRAs, and 401(k)s, and insurance (life, health, and disability).

Abromovitz, an attorney and financial educator, provides readers with a well-written explanation of the key components of developing, protecting, and rebuilding decimated retirement accounts. He recommends a pro-active hands-on retirement planning approach. In this 224-page, nineteen chapter book, Abromovitz covers how to make relatively safe investments that will continue to grow, how to plan for health issues and large medical bills, how to maximize your social security benefits, and how your financial safety can be improved by investing in stocks, real estate, annuities and 401(k)s.

There is no earth-shattering advice in this book. However, the author provides straightforward advice that can help individuals get and stay focused on the right track so that they can accomplish their retirement dreams.

Most individuals have not really thought about all aspects of the retirement process and have let the chips fall where they may. The devastating bear market of 2000-2002, unfortunately changed the retirement landscape for millions of individuals whose retirements have been postponed and many potential retirees have been forced to keep working to make ends meet. The reason for this was that most individuals did not understand or consider the risks of investing in the stock market.

By reading, studying, and implementing the wisdom in this book, readers will put the odds in their favor to obtain a secure and peaceful retirement. This book should be required reading by all individuals, whether or not they are approaching retirement since the advice provided will help all readers better manage their financial issues.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Hands on and helpful--a must have, December 2, 2003

By 

Monet--Lee County, Florida (Bonita Springs, Florida United States) - See all my reviews

This review is from: Protecting and Rebuilding Your Retirement: Everything You Need to Do to Secure Your Financial Future (Hardcover)

After recently retiring, I was looking for a book to help me deal with some of the financial and psychological issues that crop up in retirement. I heard a radio interview with the author of this book and immediately purchased a copy of it.

I found the author's advice to be extremely helpful, practical and easy to digest. Most chapters contain a "back to basics" section which will help people who need a primer on certain retirement planning topics. The author then moves forward with more sophisticated advice.

What I liked most was that the author recognizes that each of us has his or her own comfort level when it comes to investments. He also understands that the early years of retirement are stressful and sometimes require us to reinvent ourselves.