The nice part about being a landlord/lady is the passive income stream, meaning you don’t have to be present to make money, but that doesn’t mean there isn’t plenty of work to be done for a rental property. You can do all the work, or hire a property manager if you’re willing to pay someone else to do all or part of what you don’t want to do.
So which makes the most sense for you? Should you manage your own rental property in the Golden Isles? We (of course) think you should look into the Long Term Rentals program with Berkshire Hathaway HomeServices Hodnett Cooper Real Estate. Some things you should consider:
- residing reasonably close to your rental
- financially able to carry the costs of your rental while vacant
- prepared to run your rental as a real business
- able to market your rental
- able to meet potential renters to show the home and negotiate leases
- willing to do background and credit checks on potential renters
- willing to collect the rent and enforce late notices and fees
- willing to address tenants’ complaints in a timely manner
- willing to deal with problems at any hour, day or night
- handy with tools or have a good reliable handyperson on call
- unafraid to deal with and evict bad renters legally
- willing to abide by court decisions in any tenant-landlord dispute
Depending on where you live, how many properties you own, and which services you require, you can expect different rates for your monthly rental fee to a property manager. Contact us if you are considering this option for your rental property in the Golden Isles. We’d be happy to tell you all about our program!