Читать книгу Property Management Kit For Dummies - Robert S. Griswold - Страница 31

IN THIS CHAPTER

Classifying types of residential rental property owners

Listing some advantages of owning residential real estate

Understanding what makes a good residential property manager

Assessing your management skills and experience

Real estate can be a great source of income, whether you’re looking for steady, supplemental retirement income or a secure financial future. Most residential rental property owners want to become financially independent, and real estate is a proven investment strategy for achieving that goal. But after you sign your name on the dotted line and officially enter the world of residential rental property ownership, you face some tough decisions. One of the very first concerns is who handles the day-to-day management of your residential rental property. You have units to lease, rents to collect, tenant complaints to respond to, and a whole host of property management issues to deal with. So you need to determine whether you have what it takes to manage your own residential rental property or whether you should hire and oversee a professional property management firm.

Owning investment real estate and managing rental units are two separate functions, and although nearly everyone can invest in real estate, managing it takes time, special skills, and the right personality. In this chapter, I highlight the importance of relationships with people, because property management is really people management. I also give you the lowdown on some of the advantages of owning residential rental property and help you assess whether you have what it takes to manage your own property.