Path to Purchase Step 15

Managing Rental Properties

You have a couple main options after you purchase your first rental property: hire a property manager or self-manage. When you’re self-managing, you control everything from hiring out contractors to picking up rent checks. When you have a property manager, you’ll deal less with the day-to-day actions and focus instead on big-picture items. That being said, you may still need to manage your managers.

Education

Learn the basics

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7 Tips for Managing Rental Properties

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Property Management Panel

Real estate is a business—and you need to run your rentals like one. This means staying up-to-date on all your tax payments, leases, rent reminders, and payments to property management. Ensure a successful and profitable rental business by perfecting your property management.

Forums

Consult the community

step 15 managing your rental

Books

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