For long distance landlords, property management is essential to their business model and having great property managers can often make the difference between a satisfying experience and a nightmare. Managing remotely can be done, but it can make life a bit more taxing.
For landlords with property nearby, it can be quite a dilemma whether to give up the additional cashflow that you receive for managing your own properties versus freeing up your time by not having to deal with tenants. What a conundrum!
Fortunately, I’ve just been approached by another individual who has recently written a great article covering the pros and cons of property managers. If you are currently exploring whether hiring a property manager is right for you, this may be quite helpful, so be sure to take a read through.
The article is available here, Property Management Best Practices by Chris Thorman.
To add to this I would love to get some feedback from anyone who is currently using property managers on the positives and negatives that you could share with the other readers.
Bill has been putting resources into Calgary Real Estate since 2003 and has been expounding on different Real Estate points following not long after he began. With a lot of Real Estate exchanges and encounters he finds himself able to pass his insight on to different speculators and accomplices, and now you through his Real Estate blog. To naturally get new posts, make certain to sign up on the upper right of this page and I will send you a free digital book on Screening Tenants.