Property management companies not only benefit the homeowners with their vacation property maintenance services, they benefit the potential vacationers as well. Booking through a property management company adds accountability and a set of standards that are lacking in their to the horror story counterparts of vacation home rentals gone wrong.
What trends does 2017 bring for landlords? Rental rates are rising and vacancy rates are low. This is great news for landlords, higher market rental rates will bring a higher return on investments which can then be used to upgrade properties, or reinvest. Lower vacancy rates will reduce the turnaround time to fill a property between tenants.
Every year, the demand for certain jobs can and will fluctuate. In 2016, the demand for property managers is at an all time high. With the technology of today combined with the demand, it makes the perfect combination in becoming a property manager.
Hiring a property manager is an easy decision for landlords who don’t want to worry about the day-to-day hassles of running a rental property. When it comes to Homeowners Associations (HOA), however, the decision isn’t so cut and dry.
Contact our Property Management Inc. office to find out more about the subject of when is it time to hire a HOA property mananger?
Did you know that if you own a property that is not your primary residence, you are actually classified by the IRS as somewhat of an investor? This makes selling your property just a bit tricky, especially when it comes to the taxes which come along with it.
Contact our Property Management Inc. office to find out more about the subject of useing a 1031 exchange.