Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    ABCs of Property Management: What You Need to Know to Maximize Your Money Now
    ABCs of Property Management: What You Need to Know to Maximize Your Money Now
    ABCs of Property Management: What You Need to Know to Maximize Your Money Now
    Ebook180 pages2 hours

    ABCs of Property Management: What You Need to Know to Maximize Your Money Now

    By Ken McElroy

    5/5

    ()

    Read preview

    About this ebook


    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
    LanguageEnglish
    PublisherRARI Press, LLC
    Release dateAug 26, 2014
    ISBN9781937832544
    ABCs of Property Management: What You Need to Know to Maximize Your Money Now
    Author

    Ken McElroy

    Ken McElroy, Author, Principal and Co-Founder of MC Companies, has nearly three decades of experience in multi-family asset and property management and development. 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. Currently the group owns over 8,000 units in several states, including Arizona, Texas, and Oklahoma worth more than $1 billion in real estate assets. MC Companies believes in Sharing the Good Life with its communities through donations and volunteering time to support various local and national charities. MC Companies Team members annually donate more that 2,500 hours to local and national charities. Ken sits on the Board of Directors for the Southwestern Autism Research and Resource Center. For two years, he was the Walk Chair for Autism Speaks Arizona, an organization he has been involved with for over 14 years. MC Companies also supports the Cystic Fibrosis Foundation, Hydrocephalus Association, The University of Arizona Health Sciences Center, The Leukemia & Lymphoma Society, Susan G. Komen for the Cure and many more. Ken is the author of the best-selling Rich Dad Advisor Series books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and The ABCs of Buying Rental Property as well as The Sleeping Giant and Return to Orchard Canyon. He is also a contributor to The Real Book of Real Estate by Robert Kiyosaki and Midas Touch by Donald Trump and Robert Kiyosaki.

    Read more from Ken Mc Elroy

    Related to ABCs of Property Management

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The Myth of Passive Real Estate Investing

      Jun 6, 2022

      In my financial planning firm, we focus on serving clients in their 30s to their 50s — and we see firsthand how popular the idea that real estate is a way to get rich (relatively) quick is. That would be fine if real estate was a no-brainer passive-i

      5 min read

    • Article

      Real Estate Investing in 2021 Comes Down to 5 ‘Un’ Words

      Nov 10, 2020

      Unmatched. Unfortunate. Uncertain. Have you noticed a familiar pattern in some of 2020’s most-used words? When America’s content marketing leaders were recently surveyed for their most-unloved buzzwords of 2020, their top pick was “unprecedented.” Ca

      4 min read

    • Article

      How To Use A Self-Directed IRA To Invest In Real Estate

      Sep 20, 2018

      A self-directed IRA is a type of retirement account legally structured like a traditional or Roth IRA. Though the same annual contribution limits and potential tax advantages apply, self-directed IRAs allow individuals to utilize what is referred to

      3 min read

    • Article

      Is Your 401(k) or IRA a Sleeping Tax Bear?

      May 7, 2019

      Plenty of retirements these days are built in large part by stashing away money week by week into tax-deferred accounts, such as traditional IRAs or 401(k)s, among other options. And certainly, such accounts can provide a wonderful feeling of confid

      4 min read

    • Article

      A Decade After The Bubble Burst, House Flipping Is On The Rise

      Apr 17, 2018

      House flipping is at an 11-year high in the U.S. New research shows borrowers with good credit like flippers, and not subprime borrowers, were mainly responsible for the crash. Is another bust coming?

      5 min read

    • Article

      15 Best Foreclosure Sites for Finding Properties

      Jan 6, 2021

      You may remember that foreclosures were a big part of the Great Recession. As the economy cratered, foreclosure filings soared. In the first half of 2010 alone, 1.65 million U.S. homes spun into foreclosure, according to data from ATTOM Data Solution

      3 min read

    • Article

      How 2 Physicians Built Retirement Wealth in Real Estate Through a 1031 Exchange

      Sep 3, 2021

      Brother and sister Hassan and Shara (not their real names) came to America as children of immigrants. Their family settled in a suburb of Detroit. Their parents struggled to provide the necessities of life, with their mother staying at home, as was t

      7 min read

    • Article

      Why I Love My Whole Life Insurance Policy

      Aug 2, 2018

      At any given family or social event, once someone knows I am a financial planner I always get pulled to the side to answer some burning personal finance question. I can sympathize with doctors. I usually get asked about the market or some stock, but

      3 min read

    • Article

      Nontraditional Options Let IRA Investors Crank Up the Risk

      Sep 30, 2021

      Most retirement savers are determined to keep their investments simple. They stash most of their savings in low-cost index funds or in target-date funds, which are portfolios of diversified funds that become more conservative as you approach retireme

      7 min read

    • Article

      Pretty Houses Are For Home Buyers

      Sep 2, 2021

      Eighteen months ago when we were in the early days of the Covid Era the great learned ones in our media were warning us the property world was going to end and a price crash was coming. … It turns out that wasn’t quite the case. Fast forward and here

      2 min read

    • Article

      No Time To ‘Wing It’

      Apr 29, 2021

      Last year when I purchased an investment property in Christchurch, I paid a professional property finder (someone from our own iFindProperty team) to source the investment for me. It was cashflow positive and I’ve worked out that even with the inabil

      2 min read

    • Article

      Landlord’s Toolkit

      Sep 2, 2020

      Landlord’s Toolkit
      9 min read

    • Article

      Sow The Seeds Of Wealth

      Jul 31, 2019

      Sow The Seeds Of Wealth
      8 min read

    • Article

      No Place Like Home

      May 3, 2022

      No Place Like Home
      5 min read

    • Article

      PODCAST: Estate-Planning Your Stuff with T. Eric Reich

      Apr 21, 2021

      David Muhlbaum: When it comes to estate planning, money is usually front of mind. Makes sense, that's where decisions about wills, trusts and more can realize real tax savings. But it's stuff, tangible things like houses, china and collectibles that

      17 min read

    • Article

      Focus On Fundamentals

      Apr 29, 2020

      I write this as we head into the last weekend of the level four lockdown and I can say with great confidence that we do not know what is going to happen in the property market. On one hand, the country is at an economic standstill, waiting to start t

      3 min read

    • Article

      How To Spot A Deal

      Dec 19, 2019

      Let’s say a property is marketed at a particular price – for argument’s sake we’ll call it $500,000. An inexperienced investor will make the automatic assumption that a “deal” is significantly less than the asking price. But that’s not the case. Ther

      2 min read

    • Article

      Reducing Risk

      Sep 2, 2021

      You may be wondering how to make things work when we’ve seen so much change recently, and there is a risk of even more changes to come. Here’s a tip: change is nothing new to property investment. I’ve lost count of the number of changes we’ve seen ov

      3 min read

    • Article

      Be Ready Be Resilient

      Apr 2, 2020

      As I write this the Government has just announced a $12 billion aid package to help Kiwis and business owners through the economic impacts of Covid-19. On March 16, the RBNZ slashed the OCR to 0.25%, a historical low. 48 hours before that, it was ann

      3 min read

    • Article

      Post Covid-19: What To Believe

      Jul 30, 2020

      The accompanying photo shows two different news headlines in New Zealand on exactly the same day. If you go searching it won’t be too difficult to find other similar examples of contradictory “news”. It’s a perfect example of “never let the truth get

      2 min read

    • Article

      New Build Strategy

      Nov 28, 2019

      If you’re not sure how to get discounts on new builds or whom to trust, read this article. I know what to do and what not to do when it comes to buying new property – more than most people. I have experienced both sides and I can comfortably say it i

      2 min read

    • Article

      The Flip SIDE

      Jun 21, 2023

      The Flip SIDE
      7 min read

    • Article

      2-step Formula To Buy Forever

      Jul 29, 2021

      The Holy Grail in property investing is to build a portfolio without running out of buying power. That is why the 40% LVRs make things difficult; all of a sudden, your buying power takes a massive hit. New builds are great investments, but looking to

      3 min read

    Related categories

    Reviews for ABCs of Property Management

    5/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      ABCs of Property Management - Ken McElroy

      Ftebook_preview_excerpt.htmlZ6rnvDuA;nZa'vơ#HEH]C#|Ld"|"D˗/|mLOǷv||[?>Mo4z~|?)O+UZW;QM[&\m[.Vڡ Um{7U31.۪KH m|5ZنsǛ |}>W5%e·ƞ*,L+=<0&3&|cp1 a; ƹ0۰ʛ=aW^ ֪#F槗g?fW;'1љ%$ל\qj7Xyqė3ΦqɶXD"m2 ύLˤkՋZ8 OTj,5]lE7o|z򮓽Lj/˜ K?{Rkra2 LM~4NC|z_`=\=T]lJ< 0p϶ȭa)%&\A Bw*7pry&gqGl{g;88bv60~UMc~3_~S#lb`pyZOZdÚX_`ocw zj mz3"jb=I8-yM;&)Ukt%[`,mLjzfݻ/"uI2:D&{r<b |iqѢ88TST iV ')F}1)QxkbanV@^Fx'8jA[VMb ppX <="%:FZ@*mvO(p He][SBhF+A9e\/¿X-" *VkpIu2MZ4 0 vy 8Fߝǖv9i{q&wRkh4^i1nG'ݽrlYJd+Ng;-XVFmagӘQN~*:102Vn Uz!]œ&Y[1̺ L"7(c GmyYnC2Uk@+>|hppޛgA+(7. P(l{!as˳Jff@5\'V*: _`5f@pY 7=ۘ2aT?[lͨ'eZB){rsB7MƌVIYX4:NN9Ln[.LV<\TA8 ~ŵRE,tsi[k%mvuh=B!yR:#9aLkK(ҤC|Q.+gD5Y۞ Pi4g%.-l|GԨ^)>cB +ljჃZg9E Z(9a@ׄ&O+.M.aD!$l_ٚR6Nٔ M^5,T1=W,ϣb ON A5u._b0"ȪJиR/3KzHSmDW,芧{Phfաe*VC iM!d[9#@)e5؃fʮbLDr_N򀢄tG\5-#%)/X;AO qI-Y+VDRRP:4΅PDkG%1[ݻMʜUHp] ړ!RF_(G~D8L~O{{}/lwJgI'\C4h{-X3K(7pkT3]DCZʱbI:_qlƪxB`ҎrVf3n*P 0\ϱ@@p@1DNYJ D$zoZ(J7Ƣ(l>Ya,M1-] /dlah{t߲Bs{.^8C $^d8^NY*ː}Zo5ئ4Vy0rPv;1}4t֊ L j'#dk~n"'snNaʌ<lB1N< \ ]SƱm`0B]7 'lkKz,6OJM&:[!gd\kK %qn|j/S&TVʠJ,jW0@Fo+ִGI<#Kݤ)B4Dmg7ds[$FD䬧ԨW$sȃSX?PjiRe .taĂaT5P&|M8!e1"SRܠO{>؋h94w"p/eٿ;3 _Jw^EsZdžwM% EK} |5А嬙"v4HIX8d)Y3js{Mj& L1ȐХ&wSf: y(dI>AG]:OInVhw@:Fjڄ,'.\Tc?d~ V=/vy3yuJUrёRieQ"WcpP< ׍dM>XU~3O٢/F<ؔv_n&\Σ(3d#.ˠO?D 8`4Ofz9q6+JQP6xV˘ ԭcވk1̀\-K~+צ׹BvvQ|g)_Ͻ˭NT-)-H,^m}S Xk/Ӗ~J*7;+C/y@DBSG?,pmוQFs+=Ǹ-i9klF)4`%r=R'׶Fo z7+A@ļXADW} We/z$703 ˛Iֆ 8Z?p~+L蝜R /рk]$") V4ՒX4UT`{?(Y^b3n7r+wqAiٕj3@jaoDAj=W8?T/[ .ʔ|PZWSe€J3 i_XJr$.f*>Ԗ=<]4aj tj=9C(,ERtrb_͹W mOikrޫD#^{5S% x9~|fif3Lo"1ZfnxSR} uu[%F(U"ju g<1X&5 Zʷ zXAyVYA
      Enjoying the preview?
      Page 1 of 1