This helpful guide for new landlords examines the management process in-depth, providing a personal touch and firsthand...
A manual delivers advice on managing rental properties.
After writing a guide to purchasing rentals, Brandon Turner (The Book on Rental Property Investing, 2016) returns with his wife as co-author to counsel new investors on effectively running their properties. “What exactly are we talking about here? What IS landlording?” the couple ask before answering with a common theme throughout their how-to book: “Landlording IS a business.” The main point behind each chapter examining common tasks is that “the differences between a business and hobby is having systems and processes for everything you do.” The many processes they delineate for landlords establish mostly safeguards against tricky legal situations: “You don’t want to find your mug on the front page of the Sunday paper for discrimination that you didn’t even know you were doing. Ignorance is no excuse for discrimination.” In particular, their lengthy dissection of fair housing practices draws specific and important distinctions taken straight from personal experiences, like the difference between refusing to build a tenant a ramp and denying a tenant the option to construct the ramp. They even venture into marketing, explaining how various laws can play a major role in advertising an apartment to rent and attracting the best tenants possible. Over the course of the volume, numerous lists like “6 Ways to Keep Yourself Free From Lawsuits” and a guide to evicting a tenant sometimes rehash material or present seemingly obvious details, such as getting copies of a lease to all parties. But the thorough nature of this step-by-step format ensures that new landlords can be confident they have everything covered, even down to knowing the proper equipment and lighting tips for producing the best ad photos. The authors also include case studies of fractious tenants and evictions from their own experiences, reassuring new landlords that there is a way to solve even the most difficult situations.
This helpful guide for new landlords examines the management process in-depth, providing a personal touch and firsthand insights.Pub Date: Oct. 28, 2015
ISBN: 978-0-9907117-5-9
Page Count: 392
Publisher: BiggerPockets
Review Posted Online: Feb. 17, 2017
Review Program: Kirkus Indie
BOOK REVIEW
A readable, persuasive argument that our ways of doing business will have to change if we are to prosper—or even survive.
A well-constructed critique of an economic system that, by the author’s account, is a driver of the world’s destruction.
Harvard Business School professor Henderson vigorously questions the bromide that “management’s only duty is to maximize shareholder value,” a notion advanced by Milton Friedman and accepted uncritically in business schools ever since. By that logic, writes the author, there is no reason why corporations should not fish out the oceans, raise drug prices, militate against public education (since it costs tax money), and otherwise behave ruinously and anti-socially. Many do, even though an alternative theory of business organization argues that corporations and society should enjoy a symbiotic relationship of mutual benefit, which includes corporate investment in what economists call public goods. Given that the history of humankind is “the story of our increasing ability to cooperate at larger and larger scales,” one would hope that in the face of environmental degradation and other threats, we might adopt the symbiotic model rather than the winner-take-all one. Problems abound, of course, including that of the “free rider,” the corporation that takes the benefits from collaborative agreements but does none of the work. Henderson examines case studies such as a large food company that emphasized environmentally responsible production and in turn built “purpose-led, sustainable living brands” and otherwise led the way in increasing shareholder value by reducing risk while building demand. The author argues that the “short-termism” that dominates corporate thinking needs to be adjusted to a longer view even though the larger problem might be better characterized as “failure of information.” Henderson closes with a set of prescriptions for bringing a more equitable economics to the personal level, one that, among other things, asks us to step outside routine—eat less meat, drive less—and become active in forcing corporations (and politicians) to be better citizens.
A readable, persuasive argument that our ways of doing business will have to change if we are to prosper—or even survive.Pub Date: May 1, 2020
ISBN: 978-1-5417-3015-1
Page Count: 336
Publisher: PublicAffairs
Review Posted Online: Feb. 16, 2020
Kirkus Reviews Issue: March 15, 2020
A welcome contribution from a newcomer who provides both a different view and balance in addressing one of the country's...
A fresh, provocative analysis of the debate on education and employment.
Up-and-coming economist Moretti (Economics/Univ. of California, Berkeley) takes issue with the “[w]idespread misconception…that the problem of inequality in the United States is all about the gap between the top one percent and the remaining 99 percent.” The most important aspect of inequality today, he writes, is the widening gap between the 45 million workers with college degrees and the 80 million without—a difference he claims affects every area of peoples' lives. The college-educated part of the population underpins the growth of America's economy of innovation in life sciences, information technology, media and other areas of globally leading research work. Moretti studies the relationship among geographic concentration, innovation and workplace education levels to identify the direct and indirect benefits. He shows that this clustering favors the promotion of self-feeding processes of growth, directly affecting wage levels, both in the innovative industries as well as the sectors that service them. Indirect benefits also accrue from knowledge and other spillovers, which accompany clustering in innovation hubs. Moretti presents research-based evidence supporting his view that the public and private economic benefits of education and research are such that increased federal subsidies would more than pay for themselves. The author fears the development of geographic segregation and Balkanization along education lines if these issues of long-term economic benefits are left inadequately addressed.
A welcome contribution from a newcomer who provides both a different view and balance in addressing one of the country's more profound problems.Pub Date: May 5, 2012
ISBN: 978-0-547-75011-8
Page Count: 304
Publisher: Houghton Mifflin Harcourt
Review Posted Online: April 3, 2012
Kirkus Reviews Issue: April 15, 2012
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