Being a property manager requires a firm understanding of the real estate business. Furthermore, property managers must be aware of every development in their field. in fact, this is the only way to remain competitive in this expanding market. We believe that one of the best ways to achieve this is to get your hands on the best property management books you can find. For this reason, we decided to compile a list of the best property management books in 2019.
the characteristics of a good property management book
Before we delve into our top 10, we must first outline the characteristics that make property management books valuable. A good book on rental property management should cover several critical aspects of property management. this includes accounting, marketing, as well as the legal aspects of property management. In addition to being factual, it should also be straight to the point and easy to read. You’ll be happy to learn that all of the property management books we reviewed meet these criteria.
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Let’s take a look at some of the best property management books available on the market today.
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1 – the book on managing rental properties by brandon turner and heather turner
This is without a doubt the gold standard when it comes to property management books. This bestseller is aimed at property managers of all experience levels. Consequently, any beginner who is in the process of discovering how to become a property manager will find this book an easy and informative read. Savvy property managers will also appreciate the tried and tested concepts outlined here. These are some of the positive points you can find in the book:
- an overview of fair housing laws
- tips on how to make an investment property rental-ready
- strategies to help you attract buyers ideal applicants
- a complete guide on managing tenants
- basic guidelines for calculating rental income
Related: 10 Tips for Success as a Residential Property Manager
2 – mike beirne’s property management toolkit
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Second place on this list is reserved for this excellent book by Mike Beirne. the property management toolkit is surprisingly comprehensive, including tips for every player in the industry. this includes real estate investors, property management professionals, and experienced operators. In addition, the book does a good job of identifying the common mistakes of professional property management. Here are some of the tips the book offers:
- how to increase the value of a rental property
- strategies that can help you increase rental income
- how to solve tenant problems
- how to manage cash flow and rent collection
3 – property management by robert c. kyle
This is one of the most extensive property management books on the market. it presents a lot of information in an easy to digest way and relies on case studies and sample points to illustrate its main points. The book addresses the main concerns of residential real estate management and offers a set of best practices for good real estate management. some of the topics explored in the book include:
- property maintenance
- accounting and finance
- administrative and legal activities
- an updated look at federal regulations
4 – fair housing: a compass group guide for apartment owners and managers
Fair housing is one of the basic legal rights every residential property manager should be aware of. The book explains a number of concepts related to fair housing and provides extensive cross-references. In fact, this is one of the few property management books that manages to simplify all aspects of fair housing. Some of the topics covered in the book are:
- fair housing considerations for victims of domestic violence
- a definition of linguistic profiling
- best practices for record keeping
- ¿ What are the fair housing considerations for non-citizens?
related: how does fair housing work in real estate investment?
5 – ada in detail: interpreting the americans with disabilities act of 2010 standards for accessible design by janis kent
A successful property manager should always keep an eye on ADA compliance. This book covers everything you need to know about the ADA and outlines the steps to ensure compliance. some of the key points discussed in the book include:
- the legal definition of disability
- the situations addressed by ada
- an overview of accessibility standards and requirements
- the difference between cbc and ada standards
6 – residential property management for homeowners by gita faust
This book focuses on some of the most critical aspects of managing rental properties, particularly finance and accounting. This property management book presents a simple model that makes managing a property’s finances easy. this is part of the information found in the book:
- how to record the purchase and sale of a property
- the basics of cost segregation
- leasing option
- an overview of construction loans
7 – property management accounting: a survival guide for non-accountants by marc levetin
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This is another book that simplifies accounting for property managers. offers an introduction to the basic concepts of accounting and explains how they are applied in property management. The book uses plain language and is designed specifically for people who have little or no accounting experience.
8 – Rental Property Management: A Beginner’s Guide to Maximizing Profits by Cameron Malone
This is one of the best real estate management books for beginners. As a result, anyone planning to embark on a property management career or start a property management company will find this book to be a gold mine of information. Above all, the strategies included in this book are quite easy to apply. this is what you will learn in the book:
- the obligations of property owners and managers
- the details of the check-in and check-out process
- the importance of having top-level policies
- all legal documents required for rentals
9 – Make it Ring: A Simple 3-Step Plan for Exclusive Property Management Leads by Mike O’Neil
This is one of the few property management books that describes a very simple method of generating leads. the strategy consists of 3 simple steps that can be outsourced or handled internally. Additionally, the book is divided into four sections, each covering every step from pre-game preparation to execution.
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10 – professional property management by zenya allen
The last entry on our list is a book by author Zenya Allen. This is a pretty comprehensive guide that aims to help property managers increase profits and grow their client base. Specifically, the strategies mentioned in the book are intended to stimulate long-term growth and focus on improving customer values and increasing occupancy.
the end result
A professional property manager should always strive to learn more about the industry. The property management books reviewed in this article will go a long way in increasing the value you bring to your client.
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