The more properties you manage, the more profits you receive in return, which will help with your expansion to acquire additional assets, further growing your business and eventually creating a franchise. When people spot that you have multiple properties and locations, it provides trust that you are not a fly by night property management company and that you have the experience that is needed to handle people and problems in the rental industry.
Archives for March 2021
Managing Properties That Are Out of State by Ryszard Wojtuniecki
Owning properties for rent in a great location can produce revenue, but if property management is not your full-time job, it is best to hire a property manager to take care of problems that arise. If you have a property in Florida but live in Michigan and you have a problem with one of your tenants, it will cost you more time and money to travel on short notice, than having a property manager in Florida to take care of the issue.
Ryszard Wojtuniecki best approach for Collecting Rent from Your Tenants
Collecting rent from your tenants is sometimes challenging. Various payment methods can be set up with different apps such as Venmo, PayPal, and others to make it easier on your renters. Depending on the type of property, whether it is an apartment complex or a rental house, keeping track of who has paid by having them all online will prove to be much more effective for you as well.