In previous blog entries, we’ve talked about working with a professional property manager to help avoid the pitfalls ofowning investment property. In fact, good property managers can save many times the cost of their services over a period of years. One misstep with fair housing law, an improperly handled mold issue, or ineffective tenant screening can cost tens of thousands in lost rent, legal fees, fines, or settlements. A good property manager truly is worth his or her weight in gold.
However, in a market with thousands of real estate licensees, how can you know who is qualified to do the job? Many real estate firms offer rental management among their services. Novice landlords can have a particularly difficult time understanding the process, and as
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