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Managing Your Rental Yourself

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With your first rental, you’ll probably do all the work yourself: painting, cleaning, making repairs, advertising, fielding all inquiries, showing the unit, screening the applicants, completing all the paperwork, collecting rent, handling any complaints or concerns, and paying bills. This scenario certainly has its advantages, but it has its disadvantages too. Use the information in the following sections to help you decide whether you want to go it alone or hire a pro. (If you decide to do the latter, check out “Exploring Professional Management” later in this chapter for the scoop on working with a professional management company.)

Property Management Kit For Dummies

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