I often hear the question, “do I need to hire a property manager.” Perhaps if your only dealing with a single property, have established systems & automation, or have the extra time to dedicate to managing this investment, the answer may be no. Savvy real estate investors have engaged brokers or property managers to handle the leasing and basic maintenance of their portfolio’s. The passive real estate investor, having a trusted real estate broker & property manager is a key aspect to ensure a smooth and profitable passive income stream.
Although most property managers are genuine and ethical, we have definitely come across instances where the landlord’s interest and properties were not well represented. Most of the headaches and stress can be avoided by verifying managers have established policies and standard procedures that will protect your investment and clarify other aspects of services in writing. Explore what services Teak Management has to offer HERE.