If a rental property is not managed correctly, it will fall into shambles. Luckily, there are several different ways to manage property to fit every landlords’ needs. You can be completely hands on, or you can decide to outsource everything. Here are three management strategies for every potential landlord to consider that will keep your property up, running and generating revenue. 3 Strategies for Managing Rental Property Before you are able to select the right…
If a landlord wants help taking care of the daily responsibilities at their rental property, he or she can hire a property manager. A property manager can be hired for one simple task, such as collecting rent, or can be completely responsible for the operations at the rental property. Their exact responsibilities will vary based on the type of property they are managing, the amount they are getting paid and the terms of the management contract. Seven…
Managing a single property is tedious enough, let alone an array of different types of properties located in different geographical locations. As a property manager managing a portfolio, or set of portfolios, on behalf of its owner(s), you have tons of responsibilities on you. You are responsible for many things including finding good tenants, collecting rents, administering agreements, building maintenance and general compliance with property laws in the jurisdiction where the property is situated. The…