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How to Get Started in Property Management

How to Get Started in Property Management

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1. How to Get Started in Property Management 2. Look for a job in the office of a large apartment complex. No matter if you get a job as a receptionist, reference checking or application taking, you are learning to manage property. Finding a good tenant is the first and most important part of property management. If you have a good tenant, management is easy. 3. Work in a spot rental agency. Spot rental is usually resort property and is rented for a few days at a time. Normally an agency represents many properties for many owners and deals with the day to day headaches of property management. Vacationers pay in advance, so that problem is solved in advance. Vacationers also expect the property to be in tip top shape, so cultivate an entire cadre of repair persons. 4. Buy a piece of rental property Learning property management this way is baptism by fire. Your most important job is screening tenants. After that, it is collecting rent. Be sure you have a well written lease and stick to it. Rent must be paid on time or you must specify and collect a late fee. Get a deposit to cover repairs if the tenant leaves with the rental in bad shape. 5. Source: http://www.ehow.com/how_4473827_get- started-property-management.html Images: http://northernspm.com.au/