10 Essential Resources for New Rental Property Managers

Perhaps you’ve just acquired your first investment property with the help of Commercial Brokers International, or you’re thinking about purchasing a rental property. Expanding your financial portfolio with investment properties can be lucrative, but it’s also a big commitment. Maybe you want to rent your property out to long-term tenants, or maybe you’re thinking about listing it as a vacation rental. No matter which option you’re considering, these resources will help you get started as a rental property manager.

Financial Factors

Your property is an investment, so if you want to earn significant returns, you’ll need to make smart financial decisions.

• To navigate the transaction process, you can work with a top brokerage for representation.
• Figure out how much capital you can invest in your new property upfront.
• Check out the local market to decide what your rates should be for a long-term or vacation rental.
• You can click here to start filing the appropriate paperwork to form your rental property business as an LLC.

Maintenance and Decor

You don’t need to put your rental on the market as it is! Instead, you can focus on maintenance, upgrades, and new decor to attract tenants.

• Upgrade your residential rental property with new appliances and features to give it a modern feel.
• Find a contractor who can spruce up the landscape around your property.
• Make your vacation rental stand out with decor that creates a cozy, relaxing atmosphere for your tenants!

Marketing your property

Putting a little extra effort into advertising your property can help you find tenants on a faster timeline or keep your vacation rental booked.

• Show off your residential rental property in its best light with these effective marketing tips.
• Advertise your vacation rental property through online travel agencies and popular listing sites.
• If you want to receive more bookings for your vacation rental, consider highlighting the additional concierge services you offer.

Becoming a rental property manager is not a truly passive income strategy. Property management involves wearing lots of hats! But with these resources, you’ll be prepared for the responsibilities that come along with this title.

For more information, you may reach us at joe@joekillinger.co