So you just bought yourself some good property but the next big assignment is ensuring that that property stays in good shape. You will therefore need to hire a good property management firm. You can do background checks on the firm and also find a suitable way to make payments easy.
Screen well and don’t discriminate
I believe you can eliminate 90% of your potential issues by setting high standards and screening applicants thoroughly. But in order to accomplish this, you must have a structured screening process that doesn’t discriminate against any of the protected classes.
Make rent payments easy and automatic
In my 10+ years managing properties, the action that has improved my business the most is offering (and requiring) tenants pay rent online. Read Article