If you are thinking of renting out your property or considering selling it outright, you may be hesitant to hire a property management company. To avoid fees of your monthly earnings, many homeowners prefer to self-manage their property. However, working with a professional can prevent unpredictable expenses later. Whether it's a lease with loopholes, a rental license, or costly repairs, hiring a property manager can prove to be a worthy investment. And when you own property in Los Angeles, you have more reasons to work with a property manager than you may think right now. Here are the reasons you should hire a property manager and how they can help you save some significant cash. Let’s find out:
Read MoreThe last thing a landlord wants to deal with is a risky tenant. For one, tenant turnover is extremely costly. The average cost of finding a new tenant is estimated at $2,500 for a single unit. Even worse is the prospect of evictions, legal proceedings and other expensive and time consuming frustrations. It’s a scenario that no landlord ever wants to face. If you’re looking to avoid these costly hassles, it’s important to screen out the high-risk applicants from the qualified ones. Read on to learn 4 ways to avoid high-risk tenants and protect your property—and yourself.
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