The Best Book on Apartment Property Management
What's in the book?
Industry expert Moses Kagan guides readers through buying, renovating, managing, & selling apartment properties.
- In-depth guide to picking the right apartment building
- Several methods to calculate an offer price
- The ins-and-outs of managing an apartment
- The easiest, least expensive ways to quickly add value to your building
- How to avoid capital gains taxes when selling your property
Description
In early 2011, Bloomberg.com reported that U.S. home ownership was at its lowest in 10 years, citing wariness of dropping home values. As the numbers of renters have increased, apartment owners stand to profit tremendously.
Now is the perfect time to invest in an apartment building. Whether you’re searching for your first apartment building or your first real estate investment ever, this eBook will help you find–and fund–the apartment just right for you.
Real estate expert Moses Kagan distills his knowledge and years of experience to help investors score great deals. If financial freedom is your goal, Moses has specific advice about how to reach that goal through choosing the right size and type of building, seeking funding from the best sources, and adding value to your apartment building that will greatly increase rents without breaking the bank. Moses will show you just how within your reach your dream of real estate investment is.
FAQs
I’ve never owned any type of real estate before. Do I need experience to invest in apartment buildings?
Absolutely not! The Best Book On Apartment Property Management provides you with detailed step-by-step instructions that will dispel the mystery of apartment building investment. After you’ve read this book, you’ll understand just how realistic this type of investment is.
How do I figure out what kind of apartment building I should buy?
The Best Book On Apartment Property Management covers the different types of apartment buildings and the benefits of owning each. This book will help you determine which type of building best suits your needs and goals.
How much money will I make with my apartment building?
A lot of factors determine the money-making potential of your property. Some buyers sink money into their property every month, expecting appreciation to give them a big cash out. That kind of “buy it and hope” strategy is what this book will help you avoid. We’ll give you the tools you need to find properties that will give you positive cash-flow right away.
How much work am I in for?
That’s kind of up to you. There’s no denying that owning rental property will require some work. This book will guide your efforts so you get the most out of the time and money you put in to your apartment building. We’ll help you get to the point where you can enjoy what’s called “passive income.”
How much money will I need?
No one can say without looking at the property you’re going to invest in. We will, however, walk you through the steps of evaluating the property, applying for loans, and managing your property. This book presents all the tools you’ll need to figure out just how much you’ll need to invest.
Letter From The Author
Dear Reader,
This is ordinarily where the author thanks you for buying his book. And, indeed, I am happy you have done so. But let’s be clear: this book is emphatically not for people hoping to get rich quick or without any work. If that’s you, return it. Go watch some of those awful real estate infomercials if you want a “system” for “using other people’s money” to “steal properties,” etc. I find that stuff slimy and I’m sure you do, too.
In this book, I will show you how to accumulate wealth through the steady application of some common-sense, time-tested strategies for buying and managing apartment buildings. How do I know these strategies work? Well, I’m the fourth generation of my family to be in the apartment business. Over the past three years alone, I’ve bought and remodeled 14 different buildings, raising the rents and, therefore, the values on each one. This stuff isn’t rocket science, but it does help to have some advice from someone who’s been there before.
Buying and managing apartment buildings isn’t a quick way to get rich, but it’s a very reliable one. If you continue to work a reasonable job, follow the principles laid out in this book, behave like an adult, and don’t give up, you will eventually end up well-off. Not Jay-Z and Beyonce rich. Not Warren Buffett rich. But totally, 100% financially secure. And that’s a pretty amazing achievement in today’s world.
One more thing: I am very, very happy to help you in your quest. You can always reach me by e-mail at moses@betterdwellings.com or by phone at 310.994.0001. I LOVE talking about real estate and I’d be glad to answer any questions you have.
Meanwhile: Go out there and find your first deal. The sooner you do, the sooner you will achieve financial security.
Sincerely,
Moses Kagan
Things You'll Learn:
- Get off the payroll treadmill and start earning passive income
- Find a knowledgeable broker you can trust
- Learn how to spot improving neighborhoods to score the best property deals
- Easy, clearly-explained methods to calculate a fair offer price
- Present an offer designed to win over a seller
- Clear explanations of what you need to find out about a property
- Save time and effort by targeting lenders best-suited to your needs
- Protect yourself through careful selection processes
- Easy, quick renovations that will attract and keep good tenants
- Prepare for the worst so you can quickly move on
- Find a reliable manager to do the day-to-day work for you
- Make your building as presentable and profitable as possible before you list it
Table of Contents Click on the links below to read actual chapters from the book for free!
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Author FAQ
- Moses Kagan Fun FAQ
- Letter To Readers
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Chapter 1: Introduction
- Why Apartment Buildings Are A Good Investment
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Chapter 2: Searching For Property
- Questions To Ask Before Buying
- Working With An Agent Or Broker: Deciding Who To Turn To
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Chapter 3: Picking A Neighborhood
- 4 Tips For Finding A Great Neighborhood
- Chapter 4: How To Value An Apartment Building
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Chapter 5: How To Make An Offer
- Offer Letters, Counteroffers, & Contingencies
- Chapter 6: Due Diligence
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Chapter 7: How To Secure A Loan
- Commercial Loans: A League Of Their Own
- 5 Questions To Ask Potential Lenders:
- 4 Things You Can To Do To Improve The Loan Application Process:
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Chapter 8: Identifying Good Tenants
- Rental Tenants: Tips for Picking Out the Good From the Bad
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Chapter 9: Keeping Your Tenants Happy
- Steps Every Good Landlord Must Take
- Filling a Vacancy
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Chapter 10: When the Worst Happens
- What To Do When The Rent’s Unpaid: Evaluation & Eviction
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Chapter 11: Trading Away a Headache
- Best Practices ForHiring a Property Manager
- How to Manage Your Property Manager
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Chapter 12: Selling Your Property
- To Sell Or Not To Sell: Timeline & Advice On Selling Your Property
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The Best Book On Apartment Property Management
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