One way of equipping yourself with the knowledge on how to run a rental property more effectively is to read books that address to issues on landlording. While accurate tenant screening is a basic process to ensure a steady income for the business, there are also plenty of areas to improve if you wish to become the best landlord that you can be.
Did you know that there are many books in the market today which give you advices on how to effectively manage small to large residential properties? A particular book called Landlording : A Handymanual for Scrupulous Landlords and Landladies Who Do It Themselves, has been existent for the last 25 years and have provided every bit of information regarding how to conduct the business and how to manage daily challenges in running the business. Its latest edition has an expanded version on how to use the Internet in managing and maintaining the rental business. The Landlord’s Handbook : A Complete Guide to Managing Small Residential Properties, has been named by “Library Journal” as one of the best business books as the authors created an outline of management techniques in simple terms. Another book called the Property Management for Dummies teach the strategies every landlord must know when it comes to screening prospects,maintaining the property, and collection of rent. The authors also highlighted the basics in rental accounting and bookkeeping, as well as the latest available software and technology that will make their management tasks more convenient and quicker to get done with. If you are the investor type and wants to venture into this industry to a larger scale, you might want to learn from millionaire landlord Robert Shemin’s book, Secrets of a Millionaire Landlord. Another good book by veteran investor Richard Jorgensen, The New No-Nonsense Landlord: Building Wealth With Rental Properties, would appeal to investors who expect to bring in wealth by creating a real estate investment program.