Rental Property Management Made Easy

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Having your own rental property management plan is key to residential rental property investing.

Its 830 at night, your tenant calls and says water is leaking very badly under the sink. Its 830 at night, your tenant calls and says the toilets clogged. Its 830 at night, your tenant calls and says a window just got smashed. Its 830 at night, your tenant calls and says the roofs leaking. Its 830 at night, your tenant calls and says the heats not working. Its 830 at night, your tenant calls and says the bedroom doorknob fell off.

Five Considerations of Hiring Property Managers

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Five Considerations of Hiring Property Managers

1. Management Fee
The property owner needs to understand the purpose of the management fee (typically 10%). The percentage management fee pays for the property manager’s time. The 10% allows someone else to help shoulder the burden of owning the property. The owner is paying for someone else to field 200 am calls. It is important to remember that the property manager cannot take all of the responsibility and burden off the owner. In the end, it is the owner’s property and the owner’s responsibility.