How To Increase Property Rental Portfolio (Part II)
Outgrow property management company
First hire a part time in-house property manager who will do all the leasing, managing and rent collecting work for you. Use a software to do all the bookkeeping by yourself.
Few of the common software are AppFolio, Yardi and PropertyWare. Use legitimate property management software and not just the spreadsheets and Quickbooks.
Full-time in-house portfolio manager
Once you reach twenty properties, you will surely be in need of a full-time, in-house portfolio manager. If you are not busy with other work or job, or if the primary source of your income comes from property, it is suggested to act your own portfolio/property manager. Just take note that it is a busy position and you need to treat it like a full-time job.
Structure your property management
If you grow a large portfolio, you need to structure those. Here you may need the help of the property management company. It is good to get yourself familiar with the structuring part so that you can handle it in future.http://www.dailynewsz.com/how-to-increase-property-rental-portfolio-part-ii/http://www.dailynewsz.com/wp-content/uploads/2017/04/How-To-Increase-Property-Rental-Portfolio.jpghttp://www.dailynewsz.com/wp-content/uploads/2017/04/How-To-Increase-Property-Rental-Portfolio-300x300.jpgBusinesshow to,Property,Real Estate