Managing your own rental property can be downright frustrating and potentially legally complicated. There are many preconceived ideas about how to properly manage a rental that can get an owner into trouble, and I thus was compelled to try to add my knowledge to the overall pool.
I am a licensed managing real estate broker in the Commonwealth of Virginia, working as a full-time, professional property manager of residential and commercial rental property. I'm also active in a number of property management related professional organizations. I know this business.
Why, then, would I write a blog about how an owner could manage their own property without my professional assistance?
The reasons are many-fold.
First and foremost, I anticipate that owners outside of the general Northern Virginia area, and thus not potential clients, will read this blog.
Second, not every potential owner in Northern Virginia will meet *my* requirements for me to manage their rental property. I can still help them, however, with some relevant information.
And third, there will be those owners in Northern Virginia who will have thought about managing their own property, who will, after reading this blog and other readily available information, decide that there is too much at stake and therefore would much rather go with the services of a professional property manager.
One of the things that I can promise you now is that the field of property management, even if for only one property, is considerably more complex than might be expected.
I hope you'll like it.
Ray
Sunday, February 26, 2006
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