Posted by admin on September 8th, 2011
www.REIClub.com ? Are Property Managers Better Landlords Than You? Here?s a Video on the Pros and Cons of Using Property Management? Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I?ve got quick video on the Pro?s and Con?s of using a property management company. Accredited Certifications Institute of Real Estate Management (IREM) ? Certified Property Manager (CPM) ? Accredited Residential Manager (ARM) ? Accredited Commercial Manager (ACM) ? Accredited Management Organization (AMO) What do Property Managers do? ? Collecting and Depositing Monthly Rent Payments ? Control Rental Rates ? based on market trends ? Marketing and Advertising ? Inspections ? Tenant Screenings Pros: ? Time Management ? property manager takes care of the routine daily tasks, you are free to focus on other investments and/or your own career. ? Remote Locations ? manage properties in a different locations ? Access to Professionals ? vendors, contractors, etc? ? Housing Regulations and Property Law Cons: ? Overall lack in control ? Profit margins ? Because they are paid based on gross income, they will not manage the bottom line properly. ie. net income. ? They will never dedicate the energy to your property that you would. ? Money (or CON) ? property managers charge a percentage of the monthly rental rate which can range anywhere from 6-10%. ? frequently keep late fees ? may make margins on repairs ? no control over quality of repairs ? no ?
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Tags: Accredited Management Organization, Amo, Bottom Line, Estate, Gross Income, Hire, Investors, Landlords, Late Fees, Management, Management Property, Managers, Market Trends, Net Income, Profit Margins, Property, Property Management Company, Property Managers, Pros And Cons, Real, Real Estate Investor, Real Estate Investors, Real Estate Management, Reiclub, Residential Manager, Should, Tenant Screenings, Time Management You can leave a response, or trackback from your own site.brownie jennifer grey jennifer grey elijah wood sdn frances bean cobain utc
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