5 Tips To Choose a Property Management Strategy
Investing in a good rental properly may not be a good decision for everyone. If you want other options or you want to be a passive manager, you are not alone. To choose the best property management strategy, what you need to do is know your lifestyle and goals. Given below are some tips that may help you make the right decision. 1. Distance From The Property How far is your residence from the property? Luckily, if you live a few minutes away, you can go over there on a regular basis to remove garbage, carry out required maintenance, resolve issues with the tenant and collect rent. However, if you live far away, this strategy may not be feasible for you. In this case, you may want to go for a hands-off approach. In other words, you can hire a local company or individual to take care of the day-to-day tasks. Just make sure you can do so. 2. Number of units You can manage one unit without any problem, but you can't handle if you have over 50 units. As a matter of fact, for more unit