The ABC’s of Property Management

abcs of property management ken mcelroyThe ABC’s of Property Management: What You Need to Know to Maximize Your Money Now by Ken McElroy, 2/5

This book contains practical information and advice in quantity and quality commensurate with a mere introduction to a book titled The ABC’s of Property Management. The author seems much more interested in scaring readers into hiring a professional property management company than in providing any information of real value.¬† The main point I got out of the book was that property managers need to be very assertive people because they are required to ruthlessly screen prospective renters and to nickel and dime their renters to the absolute limit (which limit is established by calling the competition every month to gather information while posing as an ordinary shopper).

[Why I read it: I’m trying to increase my knowledge of personal finance by reading books in the “Rich Dad” series, starting with Rich Dad Poor Dad.]

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