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I am renting a house, should I use a realtor to manage the property?

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August 25 2010 - Elmwood
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Not all Realtors are property managers. For example, I would never do it because of the time and I have no idea how to do it. There are plenty of management companies you can find that do it for a living.
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August 27 2010
it depends, if you find a good tenant with good income and good credit, you probably wont have a problem. But if you think u might encounter some issues, then a property manager would be easier to handle all the legal stuff. But its usually a 10% fee of the rent is the PM fee, and then an upfront fee to start.


good luck bro.

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August 27 2010
Rentmyspot-

Good Evening.

A PM company is your better bet, just make sure they cover/service what you need and shop around.

Have a BEAUTIFUL night.

-Shawn
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August 26 2010
It depends on how much time you have to dedicate to your investment.  Realtors do get paid for a reason.  If you have the time and energy to spend, do it yourself.  If not let the professional handle it, it will be off your mind and you can move on to purchasing more investments.
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August 26 2010
As a property manager, I absolutly agree with Cynthia. Choosing a good property manager is almost as important as choosing the property.
Go local and by reputation. Never let price dictate your choice. Make sure that you have a contract defining the services of your property manager. Ask questions!
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August 26 2010

If you own a property that you are renting out I suggest using a property management company to handle it for you.  There are a variety of laws regarding tenant & landlord rights.  Having someone that specializes in property management would help you reduce your liabilities.

Not all realtors are property managers.  I suggest asking around for referrals or Google property management in your area.

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August 25 2010
 
Related Questions
I am renting a house, should I use a realtor to manage the property?
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Latest answer by LaNita Cates
August 27 2010 | 6 answers
  • Asked by rentmyspot
  • In Landlords
  • August 25 2010
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