The Rules of Property Management

Sara

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