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As a landlord or property manager, there are going to be times when you have to evict tenants. Whether they are causing a lot of trouble with your other tenants or they simply quit paying the rent, eviction is not an easy thing to do.

Inspections are one of the most important tools available to you as a property owner. These records, when created immediately before and after a tenant leases a property, can be used to defend yourself in the event of litigation and may be used to collect on damages should they occur. It is important, therefore, that you perform move-in and move-out inspections every time you lease, regardless of whom you are leasing to.

There are times when property management professionals must deal with unpleasant situations. As a manager, it is your responsibility to stay calm and handle emergency maintenance situations with grace, to ensure that they are taken care of in an efficient and timely manner. When you get a call during the middle of the night about an emergency at one of your properties, these effective emergency maintenance tips will help you handle the situation with grace:

One of the most important parts of owning residential real estate is finding the right tenants. You want to find tenants who are going to live in your building peacefully while paying the rent on time, every month. Even better if you find tenants who are going to stay for a long time (even years).

Many people dream of investing their money and watching it grow (hopefully quickly). Most of the time, when they think about making investments, they think of stocks, bonds, and other similar things. However, real estate can be a great way to invest your money!

Once property managers decide to invest in rental properties, they need to find the right one. This is not the easiest thing to do and can take some time. However, it will be worth it to find the right property at the right price. Property managers will be spending plenty of time here to make sure that they really like it and see themselves taking care of it for many years.

After a certain point of financial stability and success, most people begin to consider ways to invest or make more money with what they have. Some turn to stocks, high-interest saving accounts, or risk it all in an attempt to start their own business. However, many people find themselves in the natural position of owning investment property. This often occurs simply by buying a home earlier in life, then buying a better one later on without selling the first. With a renting family in the now-secondary property, this creates a reliable and mostly hassle-free form of income that can serve to build up a nest egg and be used to buy additional investment properties. Of course, as your holdings increase, so too do your duties as a landlord. While it may have seemed OK to manage repairs and maintenance for a single additional property, if you're starting to feel the stress of juggling several tenants and properties, it may be time to hire a property manager.