As a property manager, you must operate by certain legal requirements when screening prospective applicants for your rental property. However, that doesn’t mean that you shouldn’t make every effort to watch out for red flags. Identifying bad tenants can save you a great deal of money, time and headaches in the future.
Rental properties are an awesome investment opportunity, and it’s easy to see why so many landlords get involved. However, deciding to rent out a property can come along with a steep learning curve and plenty of costly mistakes if you don’t know what you are doing. That’s why many landlords avoid self-management and choose skilled property management companies instead. What are the key differences between property management and self-management?