If you manage a small number of residential rental properties, say fewer than 25 then this is for you. Managing rental property can be a lot of fun provided you have an adequate support staff, appropriate software, reliable vendors, a location central to your inventory, an aggressive leasing program and the personal dedication necessary to pull it all together and make it work. But your expertise is most likely in real estate sales so your property management demands are generally a distraction from your real vocation.
I can assure you that no matter what the size of your inventory if you are not 100% focused on your property management business it can cause you some serious problems. As an alternative you may want to consider outsourcing through VSE Capital Realty, Inc. Please give me a call at 703.803.1060 if you would like to explore this possibility further and be sure to inquire about our referral program. I look forward to working with you.
