Being a property manager entails a lot of responsibilities: marketing the property, preparing everything from cleaning to managing check-in and check-out. Furthermore, you need a good understanding of the industry and know how to deal with difficult guests and problematic situations.
Whilst you can find resources online through blogs, e-books, and general newspaper articles, books are also an informative source, as everything is piled together in one. A way to succeed in this industry is by learning from others. Learning mistakes made by previous homeowners will help you avoid the same ones in the future.
Reading books written by property manager experts themselves will give you an insight into the vacation rental industry on the whole, and some more specific aspects too. So where do you begin? Here are some of our favorite property management books to read:
1. The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants With Fewer Headaches and Maximum Profit
For the newbies in the vacation rental industry, as well as those who have been at it for a few years, this is your go-to guide.
2. Vacation Rental Mastery: Beyond Airbnb: High occupancy, Direct Bookings & Serious Money
This book includes all the tools and tips in order to have your own website and the advantages of listing on different websites, including tactical advantages on optimizing on Airbnb, HomeAway, Booking.com, and TripAdvisor. Furthermore, he gives the basics for high occupancy, including how to have a name and listings that stand out.
3. Managing Rental Properties: Beginners Guide to Maximize Profits
The writer touches on some of the disadvantages of working in this sector and how to overcome them. From buying a rental property to transforming it and advertising it, as well as how to screen future tenants, this book is perfect for anyone starting out or considering this type of business.
4. Every Airbnb Host’s Tax Guide
If you have little knowledge or want to find out more about taxes for your vacation rental, this book will guide you and give you all the information you need.
5. Make it Ring: A Simple 3 Step Plan to get Exclusive Property Management Leads
Once you have the leads, the writer teaches you sales techniques specifically designed for this industry, such as how to follow up, what to say (and not say) on the phone and in emails. And last but not least, how to close the deal and sign the contract.
So there you have it, our top property management books. Whether you need to know more about taxes, investment, and laws or just want a good bedtime read, these books will expand your knowledge in the vacation rental industry and help get you started.