Expert Property Management Solutions

Owning a home you live in is vastly different from owning a home you renters are living in. Many people who take on renting an investment property quickly learn how different it is.

The bottom line is that you want this home to generate revenue every month beyond your monthly expenses to run that home (mortgage, taxes, insurance...). That's a simple equation...right?

Here are some things you need to consider:

• You need to find a quality tenant that will pay their monthly rent and utilities (utilities are usually the tenant's responsibility)
• You need to ensure that the lease you use spells out your requirements for the tenant (i.e., pet allowances, HOA rules and restrictions, number of occupants authorized to live there, and rent payment requirements...)
• You must address and resolve all tenant and neighbor complaints and issues.
• If repairs are needed, you must contract with a licensed vendor and coordinate the repair with the tenant and vendor. You should be on site for the repair. You must negotiate the cost of repair and pay the vendor.
• You need to ensure that the indoor air filters are correctly changed (at least every other month) to ensure the proper life of your HVAC system.
• You will need to handle difficult tenants or tenants that are not paying or being disruptive to the area - if you have ever tried to evict someone, you understand this is not an easy undertaking.

and there are many more issues than this. It makes it much more difficult if you do not live locally or near the rental house.

At Point Property Management, we take care of every aspect of your rental home...talk to us about how we can make being a landlord a great money-making experience!