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Property Management Learn the Difference Between Self Management vs. Professional Management

Are you the owner of a Biltmore property who is trying to decide if you want to manage your own rental home? Becoming a landlord can be problematic; therefore, it’s a good idea to consider your qualifications before proceeding. Do you have the necessary skills involved in residential management?

Optimal Landlord Abilities

  • Marketing. Prospective tenants search almost exclusively online, and to attract the largest number of qualified prospects, a landlord needs to have prominent positioning on the internet.
  • The tenant application process. This procedure should include a background check that includes checking credit, employment and income verification, and a criminal history and eviction search.
  • All appropriate state and federal laws. These laws cover everything from the application process and tenant’s moving in, through what rules govern the entire tenancy, and the move-out procedure with the return of the security deposit.
  • Overseeing maintenance. It’s important to understand that only a licensed contractor should be performing these repairs. When performed by the tenant or an unqualified person, there is an increases risk of owner liability.
  • Accounting and collecting rent.

Professional Property Management

If the above list sounds like more work than you want to engage in, why not check out a professional service? For Further Information about Biltmore Property Management: []