Finding a Good Property Manager For Your Investment Property
Finding a good property manager is essential, to make sure your rental property is taken care of and that you get your rent on time. The
best method is recommendation. I can recommend the managers that I use and they are listed on my links page. My broker in the US will
make sure you are set up with a good manager and because of the number of clients they deal with, they have a lot of weight to make sure
the service you receive is the best.
If finding a manager yourself, make sure your property manager is an official business, registered with the state and has been in good
standing for at least a few years. Most states require that a property manager holds a Real Estate Broker license and allow you to check
on-line if a person is registered. Some will accept a registered Real Estate Salesperson license, if they are working under a broker. Idaho
and Maine don't require the property manager to hold a license. Also ask if you can contact two of their clients and ask them for a reference.
Some managers now will deposit your rent straight into your bank account. Others will mail checks direct to your bank. Make sure they have
some deposit slips, that they can fill in with your account number and mail with the checks. Most managers can e-mail you monthly statements,
so you don't have to wait to receive them by normal mail.
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Please Note - The information contained in this section is only my opinion and should not be regarded as legal or tax advice