Preferred Property Managers eBook

   

Profits & Riches In Property Management

Introduction
Most agents struggle year after year in order to get listings and subsequent sales. Many of us work sixty or seventy hours a week in order to be successful. Some of us do, some of us don’t, and some of us are successful and of course some of us are not. All of us feel the pinch of time, on ourselves and on our families. The demands of general real estate are very high, particularly for a successful agent. As you know, the rewards are great, particularly in working for yourself, setting your own hours, as high as they may be, but these are the flexibilities that most of us wanted. When you read the national surveys in Realtor Magazine, you realize that most agents do not make more than $50,000.00 a year.

After spending many years in the Real Estate business, we went looking for a way to grow our business, create a residual income, equalize the income peaks and valleys, and as a side benefit allow us time to enjoy our friends and families.

The system that you are about to review has accomplished these goals, and many, many more. Although our Broker did not initially see its benefits, he certainly does today, and so do we!

This system can be worked in conjunction with your present sales strategy. But as time goes along you will rapidly find that the benefits are so overwhelming, that your sales income will rapidly be an adjunct to the business. The benefits are that in one short year you will be making over $40,000.00. No Peaks! No Valleys! Your efforts will be further rewarded, because your successes are marketable and saleable. As an added benefit, should you ever care to exit the business, your successful accounts can be sold for as much as $1000.00 each! Click here to purchase the book and read more...

Table of Contents

Page

GETTING STARTED

  • Target Market
  • Rules of Contact
  • Establishing a Farm Area

10-12

MANAGEMENT SOLICITATION AND MEDIA

  • Part #1 - A Simple Post Card
  • Part #2 - Targeting Vacant Expired Listings
  • Part #3 - Prospecting using Courthouse Evictions
  • Letters to Owners Evicting Tenants
  • Follow up Phone Scripts

13-26

SECURING NEW MANAGEMENT ACCOUNTS

  • Mailings to Firms and Agents
  • Purchasing Accounts
  • The Management Agreement

27-36

SETTING UP A NEW RENTAL ACCOUNT

  • 10 Steps to Setting up the Account
  • Letters to Tenants
  • Forms on the Computer

37-45

GENERATING PROSPECTIVE TENANTS

  • Signs
  • Rental Agencies
  • Section 8 Program
  • News Paper Advertising

37-45

QUALIFYING TENANTS / SCREENING PROCESS

  • The Rental Application
  • Employment Verification
  • Adverse Action Notice

50-61

THE MOVE IN PROCESS

  • Tenant Checklist
  • Disclosures
  • The Lease

62-67

THE MOVE OUT PROCESS

  • Walkthrough
  • Tenant Vacating (others remaining)
  • General Release
  • Claim of Deposit
  • Abandoned Property
  • Past Due Agreement

68-75

THE EVICTION PROCESS

  • Posting the Three Day Notice

76-78

MAINTENANCE AND REPAIRS

  • Protecting Owners
  • Contractors
  • Issuing 1099 forms
  • Vendor Information
  • Vendor Agreements

79-84

ACCOUNTING AND BOOKEEPING

  • Basics of Accounting
  • Rent Account form
  • Paylog Form

85-89

GENERATING PROPERTY REPORTS FOR DISBURSEMENTS

  • The Property Management Report
  • Year End Recap

90-93

LEASE RENEWALS AND TERMINATIONS

  • Timing the Lease Renewal
  • Letter to the Tenants
  • The Renewal Addendum
  • Notice of Non Renewal

94-98

MANAGER SERVICES AND ADDITIONAL INCOME

  • The Dollars and Cents of it All
  • A Simple Business Plan

99-103

THE CONCLUSION

104-106