Having been an "evil fricking property manager for over forty fricking years" to paraphrase CHER.....I've been through several recessions, the tax reform act of 1986, the RTC and now this housing /foreclosure/lender crisis.....one thing I have learned - property managers can THRIVE in ALL forms of housing situations.
In the "good times" * investors buy for tax benefits and appreciation potential and need good property management services to insure their investment performs as expected.
In the "bad times" * reluctant homeowners needing to relocate seek a good property manager to lease and manage their unsold homes AND investors buy good rental properties at reduced prices for tax benefits and even MORE appreciation potential * again requiring management services to insure their investment performs as expected.
If you view 2009 as the year of challenges and opportunities, you will do well.
Wallace S. Gibson CPM * over 40 years of property management experience to serve you. Finding your new rental home in Central Virginia just got easier.... http://VaHomes4Rent.com ....preview our available rental listings online