Property Ownership has Definite Advantages and Disadvantages

My fiance Johnny and I own a property management corporation in our town.

We both have been doing property management for six or so years now and we have grown to really love it.

We manage both residential and commercial properties for our customers and for our property management business. We also own 23 properties that we both rent to different tenants. As with any corporation venture, being property owners has its advantages and disadvantages, for instance, we must be aware of all the up-to-date fair housing laws that govern our area to make sure that our tenants are consistently treated fairly. Furthermore, every one of us must recognize what actions are legal when we do have tenants who might become an issue. Of course, renting a property can become challenging if you can’t retain your tenants, so the goal of any property manager is to find a great tenant who pays the rent on time and who doesn’t destroy or create complications that would cost money for the property owner. Also, every one of us would appreciate to consistently have tenants occupying our properties, so that we don’t have to cover the rental costs for when the property is empty. However currently, all our tenants seem content, and I am happy to say that we have a really high tenant retention rate. My fiance and I would like to continue to grow our property management business, and we would eventually like to add commercial properties to our portfolio. We suppose that tapping into the commercial market will elevate our property management corporation and we both are more than happy to venture into the next level of this business.

Property maintenance services

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