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Updated almost 5 years ago on . Most recent reply

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Antonio Gipson
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Why Professional Property Management

Antonio Gipson
Posted

Investors, if you have owned rental property for any length of time, you know that managing a rental can be financially rewarding. At the same time, you've also likely discovered that property management requires a large commitment of time and effort. (Time is money.)

While it may make sense to take the DIY (do-it-yourself) approach if you're a handy person, live close to your property, and don't mind devoting several hours per month to the task, in many cases this just isn't practical---especially if you hope to expand your business. Here are some critical tasks a property manager can help you with:

  • Setting the right rental rates.
  • Marketing and advertising your rental.
  • Finding the right tenants.
  • Managing tenants.
  • Managing vendor relationships.
  • Ensuring that you’re in compliance with housing regulations and property laws.
  • Enabling you to invest in geographically distant properties.
  • Maximizing the profitability of your time.
  • Maximizing the profitability of your money.

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