Are you lucky enough to find a property that could generate passive income in the area where you’re living?
Are you planning to manage your rental property on your own? If you really want and can that’s great!
But what if you want to buy a property which is far away from you in another city or state, how are you going to manage it?
You’ll definitely need a professional property manager or else you’re looking for trouble…
Property management is a key factor to your success in rental property ownership. I highly recommend that before even looking for the property of your choice, start calling and interviewing property managers.
You want to check their ability to properly screen potential tenants, maintain the property, follow laws and regulations and have reporting procedures in place.
Ask them how many properties they are currently managing and how many years they have been in the business.
Ask them how fast they will be answering your call in case you have questions.
Ask them what are the best areas to invest for rental properties and what kind of return you should expect.
If they are really experts then they should have all of these answers ready.
You also want to check their reviews and even ask them to give you a few references to check. Once you’re sure you have a decent property management in place that you can rely on, only then it’s time to look for a property to buy.
In our extensive course we will teach you all of these topics and much more.
See you then...