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The ABCs of Property Management: What You Need to Know to Maximize Your Money Now (Rich Dad Advisors), by Ken McElroy
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So you've made your real estate investment...and now the question is: How are you going to make it profitable? How will you maximize its potential and make it grow in value? One word: Management. Hundreds of thousands know bestselling author Ken McElroy as a real estate investment tycoon. In this book, Ken reveals the key to his success: Exceptional property management. He teaches you the most important principles and keys to achieving success where others fail.
THE ABC'S OF PROPERTY MANAGEMENT tells readers:
How to decide when to manage your property and when to hire someone to do it
How to implement the right systems and structures for your investment
How to manage and maximize cash flow
What to expect: A month in the life of an owner-manager
How to find the right property manager (and avoid the wrong ones)
How to assemble a superior management team
- Sales Rank: #117540 in Books
- Brand: Mcelroy, Ken/ Kiyosaki, Robert (FRW)
- Published on: 2015-03-10
- Original language: English
- Number of items: 1
- Dimensions: 8.80" h x .60" w x 5.90" l, .0 pounds
- Binding: Paperback
- 175 pages
About the Author
Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of
senior level experience in multifamily asset and property management,
development. Having purchased over $400 million in real estate in the past two
years, Ken brings a unique property management perspective when estimating a
property’s potential value. Ken oversees the company’s asset portfolio and leads
the day-to-day operations including financial and operating analysis, investor
relations and business development. An industry veteran, Ken has served in
leadership roles in multi-family asset and property management for more than
26 years. He is also an expert in development, project/construction
management, investment analysis and acquisitions/dispositions, as well as
business development and client relations.
MC Companies is a full-service real estate investment and property management
group that since 1985 has developed, built and managed multi-family housing
communities. Its current portfolio includes units in Arizona (Phoenix, Tucson,
Goodyear, Scottsdale, Green Valley, and Sun City); Las Vegas, Nevada; Portland,
Oregon; Oklahoma (Oklahoma City and Tulsa) and Texas (Austin, Dallas,
Houston, Plano, and San Antonio).
“The MC Companies combined core strengths create value and is the foundation
for the company we built. For us, a culture of partnership isn’t something we
hang on the wall. It’s something we actually live minute-by-minute when we
bring on a new property management contract, run the numbers on an
apartment community we’re thinking about buying or map out the strategic
direction for our company in the coming year. It’s our mutual respect, our
respective talents and our combined actions that come into play and create our
commitment to Sharing the Good Life with our families, friends, investors,
employees and our family of community residents."
Most helpful customer reviews
11 of 12 people found the following review helpful.
A Very Long Ad for Hiring out Your Property Management
By kaswanson
I read this book hoping to learn how to do property management. Most of the book is a very persuasive narrative against managing your own properties. I'm a stay at home Mom, looking to buy a small rental and manage it myself. I am very time-rich (a little bored at times!), so a lot of his arguments didn't apply to me. There's still some good information in there, so I didn't completely hate it. Also, I was really excited about the list of free property management forms that he says are available to download on his site. It's a SCAM. I signed up for it, and all it did was add me to the email list. No documents.
3 of 4 people found the following review helpful.
More for those who own apartments or commercial real estate
By Open mind
It was a good read and gave great advice for those who own apartment buildings or commercial real estate. I was able to glean from it in many ways but I was looking for advice as a residential landlord who owns a handful of single family homes. (14 homes)
1 of 1 people found the following review helpful.
Good read
By A Customer
Learned a lot. The only dislike is it pushes you in a way to use a management company and doesn't teach you as much as I would of liked.
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