Owning a rental property requires you to wear a number of hats. You are more than just an owner; you’re also where the buck stops when it comes to maintenance, insurance, utilities, rent collection, conflict resolution and adherence to local laws and municipal codes. It’s a lot to take on, but it’s all worth it […]
When an individual acquires a rental property, they tend to envision it as an extra income source that requires them to do very little work in exchange for the benefits it will provide. But owning a rental property — and getting the most out of it — isn’t quite so simple. The property has value, […]
As homeowners, we tend to treat our property very personally. That’s great! You’ve worked hard for your money, purchased wisely, and are proud of your property investment. I believe there is something ingrained in most of us that forms a special bond with our homes. However, for the investment property owner, it’s sometimes easy to […]
There is no doubt, being a landlord can be tough. There are a number of tasks that need to be done well in order to be successful. From endless tenant screening, to 3:00AM maintenance requests, accounting, inspections, property upgrades, and lengthy and confusing laws; it is no wonder why people hire property management companies to […]
The first question rental property owners often ask themselves is “Can I afford a professional property manager?” As you consider the answer, there are a number of additional questions you should ask yourself: What effect on my lifestyle does the day-to-day responsibility of the property have? If I don’t keep up with necessary maintenance, what will happen to […]
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