Property management is a complex industry and it can be difficult to understand how property managers make money. It’s important to understand the different sources of income for property managers so you can make an informed decision when selecting a property manager. Property managers can make money through rental fees, management fees, and other services,…
Before we get into the nitty gritty details of what it costs to own a rental property in today’s market, let’s first define “property management”. Simply put, property management is the process of managing all aspects of owning a real estate asset. This includes everything from collecting rents on time and keeping track of repairs,…
Successful landlords are always looking for ways to increase their profit margin. Are you maximizing the income potential from your property? Are you charging late fees? We are going to look at this from two important angles: the amount of late fees and the frequency of late fees. Are You Charging Enough Late Fees? State…
Owning a rental property can be an excellent long-term investment that provides long-term equity creation and current cash flow. While there are plenty of benefits that come with investing in real estate, becoming a landlord does come with new responsibilities and challenges. For those first-time landlords, there are various dos and dont’s to follow that…
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