Rental homes are a great investment but you”ll have to make sure that you manage them properly. The property manager on sight has minimal powers and cannot always take immediate action or make certain decisions regarding damage to the building.
It is important for you as the owner to visit your rental homes at least once annually. Here are a few reasons why:
It is common knowledge that supervising from a distance will work 1 out of 3 times. The instructions given to the manager on the grounds can easily be overlooked in your absence or communication lines may get messed up.
Tenants might, without your knowledge, break certain city laws, which can get you into trouble. Unreported damages to public utility systems like water…