Hello all
I'm thinking of managing my investment property myself as the tenant is a very good and reliable mature woman. But I've never done it before and have been told I need to get all sorts of papers and contracts and safeguards (both for tenant and landlord) signed. Can anyone advise me how to go about managing my property myself?
I will engage a property management firm to do regular inspections and necessary reports and pay them their one-off fee, but I see no point in paying hundreds of dollars off my rental income to take care of a tenant who is very reliable.
Thank you.
I'm thinking of managing my investment property myself as the tenant is a very good and reliable mature woman. But I've never done it before and have been told I need to get all sorts of papers and contracts and safeguards (both for tenant and landlord) signed. Can anyone advise me how to go about managing my property myself?
I will engage a property management firm to do regular inspections and necessary reports and pay them their one-off fee, but I see no point in paying hundreds of dollars off my rental income to take care of a tenant who is very reliable.
Thank you.