Who doesn’t want to put their feet up and watch their investment property make some money? Listing your home on short-term rental sites like Airbnb and BookaBach can be an excellent way to get great returns on your rental.
The market is moving nicely as we enter the busy season. I have been meeting more rental investors looking for property so I thought this week I would address some property management issues and offer some questions that a good property manager will know the answers to. The way a property manager answers the following seven questions will help investors decide whether they are up to the job.
Having had a number of properties for sale over the years that have been tenanted I thought I would discuss the choice vendors have to make when selling, do they sell with the tenants in or should they serve notice and sell without. Let me point out that retaining tenants during a sale certainly keeps the rental income coming in. Also, unless the property is dirty and untidy, it will usually present better with furniture and household items making it look lived in and camouflaging wear and tear.