Property Management Buy and Hold
So you want to be a buy and hold investor or you are a buy and hold investor. Well, you have made a great decision because long-term buy and hold investing has made millions for tens of thousands of individuals throughout history. Long-term buy and hold investing is one of the oldest investment vehicles traced back hundreds if not thousands of years. The stock market and mutual funds have not been around that long. So, great choice to choose such a time tested investment. Now, you may be a first time investor reading this deciding how and where to get started or you may be a season pro with 15 rental properties, in either case you need to be educated about property managers and property management. Most investors do not manage their own properties and prefer the investment to be more passive. To have the most success you need to make sure you are aligning yourself with a top-notch property manager. Do you know what a top-notch property manager does? Well, first of all your property manager should manage your assets the way they want to not the way they want to. A lot of new buy and hold investors purchase a few rental properties, get them ready to rent, and then turn them over to a property manager which is good but you need to know this property manager knows what they are doing. Even some seasoned investors do what the property manager says without knowing if it is truly the best way to do it. Property management is a great tool to allow your investment to be more of a passive investment but you need to educate yourself about property
management so you ensure your property manager is providing you the highest level of service. You do not need to become an expert in property management but should at least know what to look for in one to know you are choosing the right one. Simple things such as does the property management company have someone on staff to personally show your property to prospective tenants or are they just handing out lockbox codes? Does the property manager perform quarterly inspections of your property or do they plan to see it when the tenant moves out? At PA Deals, LLC we know what to look for in a property manager and what they should be doing for you as we have seen the good, the bad, and the ugly when it comes to property management.
Author Zack Wiest Email social@realestateseminar2011.com Keyword: PA Deals LLC Real Estate Investors Resource Box Resource Box Zack Wiest is owner of PA Deals, LLC. They are a residential real estate investment firm located in Harrisburg, PA. Though founded in 2006, the principals of the company have been investing in real estate since the year 2000. You can find out more about us at http://budurl.com/padealsbmpart Category: Real Estate Summary: So you want to be a buy and hold investor or you are a buy and hold investor. Well, you have made a great decision because long-term buy and hold investing has made millions for tens of thousands of individuals throughout history