Customer Reviews

The Unofficial Guide to Managing Rental Property

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

 

 

This book covers the basics with a few novel ideas. Many of the ideas are common sense. A property manager would do well if he/she followed the ideas in this book. I recommend this book for a first time buyer of income property. The book does have some information on the long-term strategic management of a portfolio of properties. Both new and experienced investors sometime lack that type of thinking.

There are tons of landlord books, but many of them are boring to read or leave out important advice that new landlords need to know about. Melissa's book is easy to read and full of great ideas. My copy is bursting at the seams with sticky notes for things I need to do.

This book is written succinctly about property management. There is no lull or fluff. As a real estate investor and developer, I've got notes all over the book as Melissa Prandi makes the uncommon common as there is a LOT involved with proper management. Managing rental property is not as easy as it sounds and the author sheds light and ideas all throughout.
Buy this book as the smallest management correction may be your biggest savings. It was for me in having roommates fill out applications (big headache and dorm room prior).

This book brings you back to the basics and then gives you tips GALORE. You can tell this book was written from first hand day to day experiences of being in the business daily. Her tips are great and I found quite useful. I think this book is a good one to keep nearby so when you forget the professional tips you can bring out the book to refresh your memory. I think this book is great for property managers and investors new and seasoned.
I found this book easy to follow and great to refer to for all aspects in the business. You can read it and be familiar prior to purchasing property too.

Have only read a few chapters. The book has enough information that I started a document to jot down my "take-aways."

I recommend this book if you're considering managing property...yours or others'.

I have mentored many real estate agents who want to become property managers in today's real estate downturn. One of the BEST books (I would almost call it a Bible) is Melissa Prandi's book * the Unofficial Guide to Managing Rental Property * I was on Melissa's board when she was the President of NARPM * her knowledge and insight is AWESOME. I bought 10 books when she had a signing at a NARPM event and have given all but one away.....you can get your's from Amazon.

i am sure that author is great at what she does and if you read her credentials, she comes across as a pioneer and extremely knowledgeable. However, she repeats many things over and over. did she have a minimum on the pages she had to write?

The book is GREAT for someone who is THINKING of getting into real estate investment, but not for someone who already has a property. She gives you pretty much a list of things to consider BEFORE you purchase a property. However, after every topic/idea, she says "Consult a professional" or "Hire a plumber/electrician/inspector/CPA", etc, etc.

She suggests you hire outside help so frequently that i wondered throughout the book how can one make ANY money if you do actually hire everyone she recommends.

DId not like the empty statement like "reduce your operating expenses", without any follow up as to "how to actually do it". It's not like i can say, "gee, starting today, i am reducing my expenses just by thinking about it".

overall = great, great book if you are thinking about a rental property. average at best if you already own one.

I ordered this book just after I purchased my first rental property. Since I had already purchased, I skipped the parts related to purchasing and went straight to the part about finding a tenant, interviewing, managing the rental, and terminating the contract. Overall I found many useful advices in this book and would recommend it to all first time landlords, specially those who manage multiple unit rentals.