Purchasing rental property is a smart investment and can be a significant source of residual income for property owners. However, property management can be an enormous undertaking that requires a great deal of time and effort.
Let’s talk about the most irksome problem for property managers and renters to deal with, bedbugs. Bedbugs are most prevalent in apartment and condominium buildings which means that property managers need to familiarize themselves with how to navigate this issue.
Security deposits are often the most hostile subject between property managers and tenants and property managers can take steps to prevent security deposit disputes, educate tenants and ensure that security deposits are used correctly and not abused. Taking these steps will also protect property managers in against potential legal action.