Top 5 Downfalls of Managing Your Own Rentals

Top 5 Downfalls of Managing Your Own Rentals
featured image

Top 5 Downfalls of Managing Your Own Rentals
by Sharmon Cochrane

In no particular order:

1. Screening & Background Checks

  • rental history
  • reference checks
  • criminal history
  • credit reports
  • confirming income and stability

2. Personal Involvement

  • Dealing with emotions
  • Sob stories from tenants
  • Renting to friends and family with no middle person

3. Laws, Regulations, Standards

  • Knowing them and keeping up with them
  • Up to date forms and resources

4. Repairs & Maintenance

  • Knowing who to call for particular services
  • Vendor relationships for fast, affordable service
  • Know how to troubleshoot common issues

5. Stress & Time

  • What is your time and peace of mind worth?
  • Most private owners who manage their own units decide to call a property manager when a tenant becomes difficult in some way.

For more information and answers to your questions, please give our Property Managers a call at 406-426-1916.

back