Tenant Selection - Process Or Skill?

Tenant Selection - Process Or Skill?
Tenant selection is not just a process it is a skill. The cost of vacancy will most always dwarf the cost of a bad tenancy.

How to Chop Your Rental Vacancy Rate in Half
Take a moment and consider the costs associated with vacant rental properties: mortgage payments, property taxes, hazard insurance, utilities, break-ins, vandalism, maintenance, landscaping. Not a lot of fun to be paying every month, which means you need to cut your rental vacancy rates to a bare minimum.

The Advantage of Getting a Certified and Licensed Property Manager
If you are placing your property in the care of someone you hardly know, it would be best to check his background and make sure he is a professional who knows what he is doing. Today, there are thousands of property managing companies and property managers offering their services. But be warned, not all of them are as what they say.

Property Management - Maintenance Considerations
Property management is a challenging career that has a it’s main objective the maximization of an owners profits, while keeping expenses under control. Proper maintenance of the property will prevent the owner’s investment from deteriorating, but must consider preservation of capital at the same time.

Things to Remember in Finding a Good Property Manager
With the sudden surge in the number of people engaging in the business of real estate and property management, we can’t help but ask ourselves what to do in order to survive the business. The business itself has evolved from the simple offering of properties for sale, lease or rent to the investment of opening up resorts and villas. The global financial meltdown also has contributed to the evolution of the business and the people within the industry.