Managing Rental Properties: A Landlord’s Complete Guide
Author:
Molly GraceOct 20, 2023
•6-minute read
Becoming a landlord is a lot like starting a small business. You’ll have customers to deal with, accounting to take care of and plenty of day-to-day work to keep you busy. If you’re ready to get into real estate investment and make some passive income, here are some tips for managing rental properties like a pro.
Rental Property Management: Your Main Responsibilities
Managing an investment property includes a wide variety of responsibilities that can be sorted into three basic categories:
- Tenants
- Property
- Finances
As a rental property owner, you can either oversee each category yourself or hire someone else. But no matter how you handle the management of your property, you’ll need to make sure your tenants, property and finances are all taken care of.