Let's talk about a topic that most real estate investors really hate to talk about, think about and sure don't want spend too much time reading about. Rental property management!
This topic is about as polarizing as politics for real estate investors because so many have specific thoughts and beliefs. And to be sure, property management is a tough business. Unfortunately, there is a ton of mis-information, innuendo and just plain false stories about the property management business.
For investors who have taken on landlord responsibilities, you know just how demanding it can be. But most real estate investors never deal with the nitty gritty details of property management, even if they understand what goes into it.
Unfortunately, that theoretical understanding of the gargantuan task of property management means that too many investors are willing to overlook quality to save on costs.
We understand—really. After all, you’re in this business to make money, and if you’re spending a ton on property management, it means fewer dollars in your retirement accounts when rent is due. Right?
Not so fast.