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Real Estate Information |
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Rental Property Management - Ten Questions
Why hire rental property management? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. You also have more time to find the next deal when there is someone taking care of the details for you. Hire a good property manager, but first ask the following questions. 1. How much is the fee? Fees vary around the country from as low as 4% of gross rents for larger buildings, to as high as 12% for single family homes. Be sure the fee is clearly stated and understood. 2. What other properties do they manage? It is best if they handle rental properties that are similar to yours. It is also helpful to drive by their other properties to see how they are maintained. 3. Who will actually handle your property? It is best if one person handles your building all the time. They should also have some experience. Get their name. 4. What costs extra? Is it extra for showings? Do evictions cost extra (beyond the legal fees)? Any other extras? 5. How is the fee collected and when? Will you be billed, or will it be deducted from your account directly? Monthly? Quarterly? 6. What type of advertising? How do they advertise the units and what does it typically cost you? 7. Cost and time to prepare units? What is the typical cleaning fee on a vacancy, and how long will it normally be before it's rented out again? 8. What needs owner approval? What dollar amount needs your authorization, and is this negotiable? 9. Hours of operation? What are their business hours, and who takes weekend calls? 10. Accounting? What reports do they send? How often? How are accounts set up? There are probably other questions you'll have as well, based on your particular needs and the particular property. Ask everything up front, and you'll have fewer misunderstandings. With good rental property management, real estate investing is a lot less stressful. Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: 'Nepo homebuying' isn't as popular as it used to be. That's actually a bad sign for the US real estate market. Business Insider The ‘Most Colorful Home in Queens’ Has a Dark Secret The New York Times Exclusive | NYC Real-Estate Firm Nears Deal to Buy Troubled Office Landlord Paramount The Wall Street Journal South Bay tech campus is taken by lender in real estate foreclosure The Mercury News Douglas Elliman signs on to American Real Estate Association Real Estate News by RealEstateNews.com Much of Detroit's popular Eastern Market now up for sale Detroit Free Press Babson Launches New Institute for Real Estate and Entrepreneurship · Babson Thought & Action Babson College How AI is transforming real estate Times Union Massive portfolio of Eastern Market real estate hits the market Crain's Detroit Business This CHILLING New Real Estate Scam Could Cost You Everything House Beautiful Inked: Long Island retail and industrial real estate deals Long Island Business News UL Interview: Q&A with ULI Chief Impact Officer Aimee Witteman on Commercial Real Estate and Climate Action Urban Land Magazine Opinion: When 'Black Mayonnaise' Becomes Real Estate Gold, And The Equity Challenges of Gowanus citylimits.org Former Mall at Turtle Creek property sold, real estate developer confirms Jonesboro Right Now HouseBell Launches Bilingual Property App to Connect Singapore’s Real Estate Market with Global Buyers Yahoo Finance Shelter Island Reporter Real Estate Transfers: Sept. 18, 2025 Shelter Island Reporter Local Real Estate Market Check-In High Country Shopper Welcome to Real Estate Friday! The Berkshire Edge MoxiWorks continues to fortify its executive team Real Estate News by RealEstateNews.com Meet the Dave Abdallah real estate team ArabAmericanNews Real Estate Transfers: Sept. 18, 2025 The Suffolk Times Berkshire region real estate sales – September 19, 2025 The Berkshire Edge Israel's real estate bonanproject involves wiping Gaza off the face of the earth | Editorial Haaretz The Top Tech Tools Giving Real Estate Agents a High-Tech Edge National Association of REALTORS® IMAGE Studios Franchise: A Scalable Real Estate Investment 1851 Franchise Innovate Real Estate Enters Pennsylvania Market, Adds New Doylestown Office PHILADELPHIA.Today Duquesne University to offer real estate major TribLIVE.com Real Estate Transactions: Sept. 19, 2025 Greenfield Recorder Hempel Real Estate acquires 80,000-square-foot medical laboratory property in Maple Grove REJournals Early Education Nonprofit Moves from Lexington to Woburn Boston Real Estate Times The Hollywood Reporter’s Power Broker Awards Toast Winners and Unity in the Wake of L.A. Fires The Hollywood Reporter Rice Real Estate, Lincoln Property Co. announce plans for The Arc, significant expansion of Ion District Rice University Ascot sues to cap E&O payouts after costly real estate wire fraud Insurance Business America From Alumni Event to $87 Million Deal: How the CBS Network Powered a Big Brooklyn Buy Columbia Business School Lockhart pickling company takes more real estate KXAN Austin Real Estate Mrkt. Steady, Prices Coming Back to Pre-COVID Woodall's Campground Magazine Firm Real Estate Puts 21 Properties Up for Sale in Eastern Market District DBusiness Magazine Deputy Speaker Gessen discusses luxury real estate transfer fee for Barnstable County Citizen Portal AI Lot Lines: 2025 Commercial Real Estate Summit The Journal Record Salisbury’s August real estate sales The Lakeville Journal Backstory: Hamptons Real Estate Negotiation Strategies Dan’s Papers Smotrich says Israel sitting on a 'real estate bonanza' in Gaza, talking to the US about dividing it up The Times of Israel Best Real Estate Projects 2025: McClellan Jet Services FBO The Business Journals Former Pentagon Real Estate Director returns to lead NAVFAC Washington business operations MilitaryNews.com Real estate transfers week of Sept. 25 The Ellsworth American Secure the Home With the Top Smart Locks of 2025 National Association of REALTORS® RioCan Real Estate Investment Trust Announces Offering of $200 Million of Series AP Senior Unsecured Debentures Business Wire When a College Dies, Who Gets the Campus? Bloomberg.com Top residential real estate sales for September 1-5 in Sarasota, Siesta Key, Palmer Ranch, Osprey, Nokomis Your Observer Smotrich: Gaza a potential real estate ‘bonanza,’ Israel talking with US about dividing it up The Times of Israel Officials close eight Puerto Morelos real estate developments for irregularities - Riviera Maya News Real estate will ‘work closely with Mayor Mamdani,’ REBNY chief Whelan says Crain's New York Business Greenwood Village-based real estate firm acquires Corporate 25 office campus in Centennial The Denver Post |
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