You did it. You trusted the process, you followed all the steps, and you've reached the point in your property development journey when you can start holding one or more properties for ongoing income.
Which gives you a new challenge - finding a great property manager!
Most real estate agencies nowadays have a property management division. That's hardly surprising, as the rent roll provides a steady flow of income to smooth out the hills and valleys of sales income for an agency. It's tempting to just hand the property management of your property over to the agency you bought the property through, or the one you used for selling other dwellings in your development.
But that could be a big mistake….
Which gives you a new challenge - finding a great property manager!
Most real estate agencies nowadays have a property management division. That's hardly surprising, as the rent roll provides a steady flow of income to smooth out the hills and valleys of sales income for an agency. It's tempting to just hand the property management of your property over to the agency you bought the property through, or the one you used for selling other dwellings in your development.
But that could be a big mistake….