Self Managing Your Rental Property

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SELF MANAGING YOUR RENTAL PROPERTY

• Presented By http//www.whitehousetexas.org

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ROLE OF PROPERTY MANAGER

• A Property Manager is the person who manages
  your properties, maintains and upgrades them
  whilst acting as a liaison between you and the
  tenants.
• The question often comes up about whether we
  self-manage our properties or use the services of
  a Property Manager. As housing market
  affordability slips away, so too does the chance
  for many to realise their dream of owning a home,

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Investment Property - Should I Use a Property
Manager Or Self-Manage?

• Understand your own capabilities and personality
• Understand the market
• Legal and legislative structures
• Leasing the property

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Disadvantages

• Another consideration should be the location of
  your rental property. If you live far from your
  property, it may use up even more of your time
  travelling back and forth, not to mention cost
  you extra in fuel. The delay it takes for you to
  arrive may also cause problems.
• Management agents often won't have the same care
• and consideration for the property as you do.
  After all,
• you've invested a lot of money into the real
  estate and want everything to run as smoothly as
  possible.

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• To make your dream come true every potential
  buyer of a rental property needs a commercial
  loan plan. When you look for financing, a
  well-thought-out plan will improve your standing
  in the eyes of potential lenders.
• A buyers time looking for buying a condo will
  be fun and productive, and he provides a wealth
  of insight on the best for price and lifestyle,
  regardless of age or income bracket.

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Do Regular Inspections

• To manage your properties well, regular
  inspections are very important, as you cannot
  rely on your tenants reporting all problems to
  you in a timely manner and sometimes this can
  make a small problem turn into a bigger and more
  costly problem to solve.

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CONTACT INFORMATION

• Website Info http//www.whitehousetexas.
  org
• Contact E-mail contact_at_whitehousetexas.org