So. You've purchased an investment property and you aren't sure what to do next. Find tenants right? Well, if you own investment rental properties – residential or commercial – I think your first stop should be to hire a good property manager. And I'm not just saying that because I AM a Property Manager. Here are several reasons to hire a Property Manager.
Many landlords scoff at hiring a Property Manager because of the cost but over time, a Property Manager can actually bring you MORE money.
Having a property manager will mean your property will receive better care. With constant inspections and maintenance, your property will continue to look good over time and will attract higher quality tenants which then results in higher rent collection, less maintenance issues, and tenants that stay longer.
In housing, there are a lot of laws. The American...