I don’t need to get into how much I love Robert Kiyosaki and his entire Rich Dad series. So, when we discovered that one of his “advisors” had a book out under his label about property management, it was a quick purchase.
And then a couple weeks ago we abruptly decided to take our investment property off the market, hire a management company, and rent it out. Suddenly, absorbing everything in this book practically became an income-producing activity.
It’s written by Ken McElroy, a business partner of gazillionaire Kiyosaki. McElroy can talk, he has 20+ years experience with running a property management business, in addition to over $200M in personal real estate investments.
Impressive. I guess. Whatever.
The book is split into three sections:
- Should I manage my own property or hire someone to do it for me?
- How do I find a good property manager?
- How do I hire a good property manager?
Funny you should ask, Ken, WE WERE WONDERING THE SAME THING.
He had me at the table of contents.
The book is detailed and to the point, action items aplenty. Several interesting (and astonishing) real-life examples. No theory or generalities here.
Honestly, the book is a giant, property management to-do list. Hubz read it first, and his highlights abrubtly stopped a third of the way through the book. I think he realized that there just wasn’t any possible way to NOT highlight the whole darn thing, and gave up even trying.
Oh, and the book is only 118 pages. Speedy!
All in all, it’s a very detailed, short-and-sweet-and-to-the-point read by a credible, experienced source. A good book for you if you’re currently asking yourself one of the three questions above. If you want theory about rental properties or investments, this probably isn’t the place for you.
Rating: 5 (out of 5) stars
(All links are Amazon affiliates. We’ve discussed this, yes? Kthanks.)