Keep Calm and Hire a Property Manager
In one of our previous articles, The Myth of Property Prices Growth, we discussed the great returns that property generates.
But for a rental property to be successful, it has to be managed correctly. Luckily, this is not difficult, but it has to be done right. We always encourage property investors to use a property managing agent to manage their rental properties for them, unless it is something they want to do full-time.
A managing agent does not only find tenants for you, but they also do the following:
- Proper vetting on the tenant
- Entry and exit and mid-term inspections
- The monthly rental collection, and
- Sorting out any maintenance issues.