When Should You Hire a Property Manager? If you own one or more rental properties, you might be wondering whether you should hire a property manager or if you can handle it all on your own. Managing a property effectively and keeping your tenants happy is not easy. It can be a full-time job and [...]
Easy Ideas for Resident Retention Resident retention is a vital part of property management. While there will always be some tenants that are only looking for a place to live for six months or a year before moving to a new city or buying a home, there are others who could be long-term renters. However, [...]
In reference to a great book that I read about 20 years ago – Who Moved My Cheese by Spencer Johnson, M.D. – “The quicker you let go of old cheese, the sooner you find new cheese”! To real estate agents, investors, and managers, "Cheese" represents money, dinero, bucks, duckets, or if you prefer, the almighty [...]
Flipping properties is an excellent way to obtain faster cash than the longer term plan of buying and holding rental properties - however, rental properties can provide passive income and create a longer term plan for consistent cashflow. Creating a monthly paycheck for yourself with rental properties can be an excellent way to retire early! [...]
