One of the perks of owning rental property is that you’ll have a passive source of income that doesn’t require your constant attention. There will be matters that need your attention, but planning for them can simplify your property management experience. These tips will help you manage your property from anywhere in the world.
Have a Plan for Filling Vacancies
The most time-intensive aspect of owning rental property is filling vacant units. You’ll have to market the vacancy and prepare it for showings. Once you start receiving inquiries, you’ll begin the process of screening your potential tenants. You won’t have to be on-site if you have a plan for dealing with this process. (more…)