Magic Mirror Investing: Your Complete Guide to Property Management

"Mirror, mirror on the wall, who is the fairest of them all?" asked the queen in the fairy tale. Then the magic mirror would respond to her with an honest answer. In reality, wouldn't it be nice if we all have a magic mirror that can tell us all the answers we want?

For those of us who need to know about how to manage our own properties but lack the knowledge and experience, a magic mirror would be perfect for us every time we have questions. Unfortunately, this mirror does not exist in real life. That is why we have created this book to help, inform, and educate you like a magic mirror.

In this book, we'll show you all the elements of property management. First of all, why do you even need to learn about property management? At the start, we will explore the benefits of this subject so that you can appreciate its importance. We will then discuss in what factors prospective tenants will consider in renting, so that you as landlord can prepare your property in such a way that attracts good quality tenants. Once your property is ready to rent, we will show you how to find good tenants. But remember, during your tenant selection, you are obliged to follow any fair housing regulations in your area, which are set to avoid any discrimination. We will discuss the concept of fair housing and its legal implications using the United States as an example. Keep in mind that our United States examples are for reference only. Each country and region will have different rules and regulations; you need to do some research for your own area of investment after you understand the general concept. When you finally find someone good to rent your property, you will need to know different aspects and pitfalls in the renting process. Later, you will have to close the deal with your prospects by signing a lease agreement with them. But what provisions should your lease include to protect both you and your tenants? In the case where you have already done your due diligence in selecting good tenants but you still end up with troublesome people and you want to evict them, you should definitely read the chapter on evictions so you know what to do and how to do an eviction properly.

CHAPTER 1 - THE NEED FOR PROPERTY MANAGEMENT
CHAPTER 2 - CONSIDERATIONS IN RENTING
CHAPTER 3 - FINDING THE IDEAL TENANTS
CHAPTER 4 - SECTION 8 / GOVERNMENT-SUBSIDIZED HOUSING
CHAPTER 5 - FAIR HOUSING
CHAPTER 6 - IMPORTANT ASPECTS IN RENTING
CHAPTER 7 - MANAGING LEASE AND THE LEASE AGREEMENT
CHAPTER 8 - EVICTION PROCESS
CHAPTER 9 - FINDING NEW OPPORTUNITIES
CHAPTER 10 - MARKET VALUE DETERMINATION
CHAPTER 11 - RENOVATION PROCESS
CHAPTER 12 - MARKETING
CHAPTER 13 - TAXATION
CHAPTER 14 - COMPANY OPERATION
About the Author

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