fliprent

Owning an apartment building or rental units can be less time consuming when you don’t have to deal with the daily property management yourself.  Hiring a company to manage your properties eases the responsibilities of the owner.   This means no longer dealing with collections, vacancies, maintenance, repairs, complaints, budgets and many other items by yourself.  This doesn’t mean you are hands off as the owner.  Your property manager should provide you with comprehensive monthly reports outlining the daily operations.  These monthly reports should include information pertaining to rent roll, disbursements, operating statements, vacancies, market surveys, and an annual budget.

Read the rest of this entry »