If you’re thinking about investing and preparing for your future, you might think about stocks because they are all the rage. However, it’s a good idea to think about real estate as well. It might seem like a scary idea, mostly because there are lots of different parts to this type of investment. You may have a lot of questions and concerns about how to get started. Investing in real estate can provide a good, steady income stream if it’s done right. In order to do it right, you need to work with someone who is educated and has the time to devote to your investment. What you really need is a professional property manager. When you want to find a property manager, there are really three things to keep in mind.
Tenant Screening and Leasing
First, you need to consider how they screen. Ask about their screening process and what they do to ensure a good person is being placed in your home. You’ll also need to have a strong lease in place so you know you can be sure your tenant will take care of your investment.
Real Estate and Management Experience
You don’t want to work with a property manager who decided to enter the field one day just because he or she had an investment property of their own to manage. You need a property manager who actually knows about home construction and maintenance. Ask if they know how to fix issues so you don’t have to worry.
Availability and Accessibility
Find a property manager who is available 24/7. You don’t want to deal with that phone call in the middle of the night from a tenant with no air conditioning, or a flooded house, or a ripped off roof that occurred after a tornado. You want someone else to be there for that, and you want that person to know what to do.
If you’re interested in how to choose a property manager, use these questions. At MHN, we help people find, buy, and maintain investment properties to develop a steady income stream. Think about investing in Texas, no matter where you are. For more information on how to choose a property manager, please contact us at MHN Property Management. We’d love to tell you more about our services.