A rental property can be a great investment. You hire a Property Manager (PM). You get your monthly statements. And,depending on certain factors such as the condition of the property or the debt obligation, you could receive a nice monthly income. While a great investment, it can also be a huge liability. Careful selection of a competent PM who can lower your liability, maintain your property and select qualified applicants is crucial.
How do you select an excellent Property Manager? Here are a few questions you may want to ask.