Today I’m hosting a post from Jennifer Riner of Zillow. As you know, real estate is a huge part of my passive income strategy and if you can find a property that cash flows even after a hiring a property manager you’ve found a great investment. Read through the post below and let us know wht you think in the comments section!
Property investments require more time than some might assume. Placing rental advertisements, scheduling showings, corresponding with potential applicants and meeting prospects are just a few of the initial steps toward filling apartment vacancies. Some investors hire help to manage their properties and tenants while personally handling financial and administrative duties. Contracting assistance is often recommended, but not always financially smart. After all, employee salaries cut down on maximum profit.
To determine whether hiring professional property managers (PMs) is necessary, weigh the following advantages. [Read more…]