MONEY magazine Gets It!!! Hire a Property Manager to Manage Your Rental Property!!

Reblogger Todd Mack
Services for Real Estate Pros

 GREAT POST AND LINK FROM WALLACE GIBSON IN VIRGINIA!

 

Original content by Wallace S. Gibson, CPM

http://money.cnn.com/2009/10/16/real_estate/Real_estate_bargains.moneymag/index.htm

For the last several years, many magazine and newspaper articles touting real estate investment and the "joys" of buying foreclosure properties always mention the business of being a landlord and rarely do they promote using a property manager.

While grocery shopping today, I bought the latest MONEY magazine and read the article regarding buying a rental home in Detroit for $6,900 down....obviously there were more costs with renovations and make-ready and in the article, the writer actually points out that the cost of a property manager to keep the property RENTED is cheaper than loosing 2 months rent by the landlord attempting to do the management and leasing themselves.

KUDOS!!  Property Managers ADD value to real estate investments!!!

Wallace S. Gibson, CPM
GIBSON MANAGEMENT GROUP, Ltd.
View our available rental homes online with photos and floor plans

"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous
 

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Rainmaker
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Florida Management and Consulting Group Inc.
Florida Management and Consulting Group, Inc. - Coral Springs, FL
Real Estate Brokerage and Property Managers

Hi Todd

It is always a good idea to hire a property manager!

Hiring a property manager will save the homeowner in the long run

Best wishes

Nov 27, 2009 01:12 AM #1
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Rainer
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Todd Mack

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