Education and news for smart DIY landlords!
At some point, you may decide that you no longer want to be a do-it-yourself landlord and you would like to hire a property manager instead.
A property manager is a professional that you hire to run your property for you regardless of the type of property you own. The tasks and responsibilities of a property manager can vary depending on your agreement, but common ones include finding and screening tenant applicants, collecting rent, dealing with maintenance and repair issues, evicting tenants, and keeping your records.
You want to make sure that you find the right person to handle your property while you are not around.
1. What are the best practices to follow when evaluating a potential property manager?
2. How do you check a property manager's license and reviews/complaints about him/her?
3. What are other questions to ask a prospective property manager?
4. What are the things that need to be present in a property management agreement?
Let's talk about the first of these 4 questions. What are the best practices to follow when evaluating a potential property manager?
The best practices for evaluating a property manager are the following:
For the rest of this lesson, existing Landlord Prep students should log-in to the module entitled During the Tenancy - Hiring Help - Hiring Vendors, Managers, & Attorneys.
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